Inve Technologies, Inc. (INVE) intrinsic value & 10-year financials
Inve Technologies, Inc. (INVE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 10.1% a year to $21.5M, with an average return on invested capital of 453.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.22
- Market cap
- $52.8M
- Revenue (FY2025)
- $21.5M
- Revenue growth (10-yr CAGR)
- -10.1%
- ROIC (10-yr avg)
- 453.1%
- Free cash flow (FY2025)
- -$7.8M
INVE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $21.5M | -$18.0M | -$0.79 | -$7.8M | -103.1% | -135.5% |
| FY2024 | $26.6M | $74.8M | $3.14 | -$16.9M | -105.0% | -66.3% |
| FY2023 | $116.4M | -$5.5M | -$0.29 | -$3.1M | -4.3% | -8.0% |
| FY2022 | $112.9M | -$392.0K | -$0.07 | -$11.7M | -0.3% | -0.6% |
| FY2021 | $103.8M | $1.6M | $0.02 | -$859.0K | -1.3% | -2.9% |
| FY2020 | $86.9M | -$5.1M | -$0.34 | -$3.3M | -4.0% | -7.8% |
| FY2019 | $83.8M | -$1.2M | -$0.13 | $138.0K | -0.1% | -0.3% |
| FY2018 | $78.1M | -$4.7M | -$0.35 | -$6.5M | -2.4% | -21.0% |
| FY2017 | $60.2M | -$8.1M | -$0.61 | -$8.8M | -7.7% | -104.5% |
| FY2016 | $56.2M | -$13.7M | — | -$6.8M | -20.0% | 4878.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Identiv, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Identiv, Inc. has historically struggled to out-earn its cost of capital, averaging just -29.8% ROIC.
Identiv, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Identiv, Inc. is modeled at -10.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-31.86 per share.