NASDAQ$INVZ

Innoviz Technologies Ltd · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Innoviz reported a net loss in Q3 2025 despite strong revenue growth and reduced operating expenses.

Innoviz Technologies posted significant revenue growth in Q3 2025, driven by increased LiDAR shipments and NRE services. While the company narrowed its losses compared to the previous year and reduced operating expenses, it still reported a net loss as it continues scaling operations and development.

  • Revenue for Q3 2025 was $15.3 million, a significant increase from $4.5 million in Q3 2024.
  • Operating expenses decreased by 30% to $18.1 million in Q3 2025 from $26.0 million in Q3 2024.
  • Innoviz was selected for future series production of L4 autonomous trucks by a major commercial vehicle OEM.
  • The company unveiled the InnovizThree, a new LiDAR sensor with a smaller form factor, better performance, and lower power consumption.

Headline financials

Total Revenue

$15.3M

Previous: $4.52M+238.0%
EPS (adj)

-$0.08

Previous: -$0.15+46.7%
Operating expenses

$18.1M

No prior period
R&D expenses

$12.4M

No prior period
Sales and marketing

$1.29M

No prior period
General and administrative

$4.43M

No prior period
Share-based compensation

$3.94M

No prior period
Total liquidity

$74.4M

No prior period
Net Income

-$15.4M

Previous: -$24.9M+38.0%
Operating Income

-$15.8M

Previous: -$26.2M+39.7%
Gross Profit

$2.3M

Previous: -$166K+1484.3%

Revenue & EPS history

Innoviz · Revenue · Quarterly

$15.3M

Q3 2025+238%vs Q3 2024
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

Innoviz reaffirmed its FY2025 revenue and program win targets, highlighting strong customer traction and expanding commercial activity.

Tailwinds

  • FY2025 revenue guidance reaffirmed at $50M–$60M
  • 1–3 new program wins expected
  • NRE bookings target maintained at $30M–$60M
  • Ongoing momentum with L3 and L4 programs globally
  • InnovizSmart showing strong traction in non-automotive use cases

Headwinds

  • Net loss remains significant despite improved revenue
  • No GAAP profitability guidance provided
  • Free cash flow not reported
  • Segment-level revenue not detailed
  • Continued cash burn impacting liquidity levels

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 Q3 2025

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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

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