INVE INVE Technologies, Inc.

Overview and Growth

Fiscal 2025 results for INVE Technologies, Inc. combined $21.48M of revenue with net loss of $18.00M and an operating cash outflow of $6.70M. At $21.48M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 19.3% from $26.63M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.79, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $3.14 in fiscal 2024, the current result was 125.2% lower. Total assets stood at $151.34M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.14x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $1.31M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 6.1% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $22.15M after the reported operating expense base. The operating loss equaled 103.1% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $18.00M for the fiscal year. The net loss equaled 83.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported negative EBITDA of $20.12M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Before income taxes, the company recorded a loss of $18.27M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 85.0%. An income-tax benefit of $268.00K improved the final result relative to pretax income or loss. The net loss equaled 12.8% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 11.9%. The bottom line deteriorated from $74.82M of income in fiscal 2024 to a $18.00M loss.

Liquidity and Capital Structure

Total assets were $151.34M, supported by $10.64M of liabilities and $140.70M of shareholder equity. Current assets were $142.66M against $9.39M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 15.19x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $128.61M in cash and equivalents, a narrower liquidity measure than total current assets. Book equity represented 93.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 7.0%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 85.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $163.22M in fiscal 2024, the current asset base moved 7.3% and finished lower. Against $154.07M of equity in fiscal 2024, the current book-equity balance moved 8.7% and ended lower. Compared with $135.65M in fiscal 2024, the current cash balance moved 5.2% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $6.70M of cash, resulting in an operating cash outflow for the year. Capital spending of $1.11M added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Operating cash flow and capital spending combined to leave a $7.81M cash deficit after capital spending. The free-cash-flow deficit equaled 36.4% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 5.2% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.