NASDAQ$INVZ
Innoviz Technologies Ltd · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Innoviz Q1 2025: record $17.4M revenue, loss narrows on 34% opex cut
Innoviz Technologies reported Q1 2025 results on May 14, 2025 for the quarter ended March 31, 2025. Revenue more than doubled year over year to $17.4 million driven by NRE services, production units and sample shipments, while gross profit turned positive at $7.0 million. Operating expenses fell 34% to $21.0 million, reducing the net loss to $12.6 million from $30.1 million in Q1 2024. The company expanded its NRE payment plan to approximately $95 million, selected Fabrinet as manufacturing partner for InnovizTwo, and reiterated FY 2025 revenue guidance of $50–$60 million. Liquidity totaled approximately $85.4 million at quarter end.
- Revenue surged to $17.4M from $7.1M year over year; gross profit was $7.0M versus a $(1.3)M loss in Q1 2024
- Operating expenses declined 34% to $21.0M; net loss narrowed to $12.6M ($(0.07) per share)
- NRE payment plan expanded to ~$95M from ~$80M; Fabrinet selected for InnovizTwo volume production
- Accelerating LiDAR deliveries to VW for ID. Buzz AD ahead of 2026 robotaxi deployments with Uber and MOIA
- FY 2025 targets reiterated: $50–$60M revenue, $20–$50M additional NRE bookings, and 1–3 new program wins
Headline financials
Revenue & EPS history
Innoviz · Revenue · Quarterly
$17.4M
Forward guidance
Innoviz reiterated FY 2025 revenue guidance of $50–$60 million (more than 2x 2024), $20–$50 million of additional NRE bookings, and 1–3 new program wins.
Tailwinds
- Record Q1 revenue and gross margin progress toward full-year targets
- Strong customer momentum with VW, Uber, NVIDIA and Mobileye platforms
Headwinds
- Company remains unprofitable with $12.6M net loss in the quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-2.4%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-7.8%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+13.4%
Q1 2024
Best reaction
-19.4%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -19.4% | -23.9% | — | |
| Q4 2025 | -2.0% | -0.9% | -31.7% | |
| Q3 2025 | -5.7% | -17.4% | -23.0% | |
| Q2 2025 | -12.8% | -1.6% | +1.6% | |
| Q1 2025 | -6.8% | -1.0% | -9.4% | |
| Q3 2024 | -13.2% | -1.7% | -15.9% | |
| Q2 2024 | -0.2% | -3.7% | -27.9% | |
| Q1 2024 | +13.4% | +7.1% | -5.4% | |
| Q4 2023 | -5.4% | -4.8% | -19.6% | |
| Q3 2023 | +4.8% | +18.1% | +8.4% | |
| Q2 2023 | -3.5% | -12.4% | -41.4% | |
| Q1 2023 | +6.8% | +4.4% | +14.0% | |
| Q4 2022 | -16.5% | -12.6% | -26.3% | |
| Q3 2022 | +10.3% | +19.0% | +2.8% | |
| Q2 2022 | +9.8% | +12.8% | +4.8% | |
| Q1 2022 | -13.6% | -7.4% | -6.0% | |
| Q4 2021 | -5.7% | -15.6% | -4.2% | |
| Q3 2021 | +1.3% | +11.9% | +19.4% | |
| Q2 2021 | +3.5% | -4.2% | -19.4% | |
| Q1 2021 | -7.1% | +11.2% | -0.6% | |
| Q4 2020 | +5.9% | +13.8% | +6.5% | |
| Q3 2020 | +0.9% | -0.3% | -0.3% | |
| Q2 2020 | +1.0% | +1.2% | +1.5% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
Discussion
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