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IVVD · NASDAQ · Biotechnology

Invivyd (IVVD)

Develops monoclonal antibodies for serious viral diseases, beginning with COVID-19 prevention.

$0.9606
vs last close−0.06 (−5.82%)
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Invivyd, Inc.IVVD
Health Care

Develops and commercializes monoclonal antibodies for serious viral infectious diseases. PEMGARDA, its first authorized medicine, is used for COVID-19 pre-exposure prophylaxis; its commercial model depends on an emergency use authorization.

PEMGARDA is Invivyd’s first authorized medicine, a monoclonal antibody for COVID-19 pre-exposure prophylaxis in specified immunocompromised adults and adolescents. That authorization moved the company from clinical development into commercial-stage operations focused on serious viral infectious diseases.

Its INVYMAB platform combines viral surveillance, predictive modeling, and antibody engineering to generate antibodies as viral threats evolve. The business began with SARS-CoV-2, and PEMGARDA is its first commercial product.

PEMGARDA is authorized under an FDA emergency use authorization rather than conventional approval. Its authorization is scheduled to terminate unless the relevant regulatory situation changes.

Company facts

CEOWilliam Duke, Jr.
ListedAug 10, 2021
ExchangeNASDAQ
HeadquartersNew Haven, CT
CountryUnited States
Employees122
CIK0001832038
ISINUS00534A1025

Market cap$300.5M
EPS (ttm)−$0.3943
P/E (ttm)−2.59
ROE-59.7%
P/B1.66
P/S5.15
Dividend yieldDiv yield
Beta2.08vs XLV 0.33

Price target$9.50+831.4%Average of 8 analysts
ConsensusBuy5 of 8 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Nov 25, 2025D. Boral CapitalDowngrade
Rating: Buy
Rating: Hold

Next report
Nov 5, 26
in 44 days
EPS estimate
−$0.11
Revenue estimate
$15.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.15−$0.14−$0.12−$0.06$0.02−$0.13−$0.14Pending
Estimate−$0.25−$0.04−$0.04−$0.05−$0.06−$0.08−$0.11−$0.11
Surprise+40.0%−250.0%−200.0%−20.0%+133.3%−62.5%−31.2%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$13.8M$11.3M$11.8M$13.1M$17.2M$13.7M$14.3MPending
Estimate$34.5M$17.5M$29.0M$15.5M$17.2M$18.0M$14.4M$15.0M
Surprise−59.9%−35.4%−59.4%−15.4%0.0%−23.8%−0.8%
Estimate−$0.11
ReportedDue Nov 5, 2026
Estimate$15.0M
ReportedDue Nov 5, 2026
View details

Debt to equity4.60%
Current ratio586.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$9.3M$13.8M$11.3M$11.8M$13.1M$17.2M$13.7M$14.3M
Net income−$60.7M−$18.4M−$16.3M−$14.7M−$10.5M−$11.1M−$41.4M−$44.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$62.3M−$19.2M−$16.9M−$15.1M−$11.0M−$12.6M−$43.1M−$45.8M
YoY growthLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $160.1M · Total debt $8.4M · Total assets $218.9M · Shareholders' equity $181.1M

Revenue
$14.3M
Operating income
−$45.8M
Net income
−$44.4M
View details

No dividends on record.

Institutions≈ 78.97%232.76M shares
133 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders5.20%15.34M shares
8 holders · as of Aug 18, 2026
Strategic holders6.87%20.26M shares
1 holder · as of Dec 29, 2025
Other≈ 8.96%26.40M shares
remainder

294.76M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Jupiter Topco LLCInstitution
11.59%34.17Mas of Jun 30, 2026
BVF Inc/ILInstitution
9.56%28.17Mas of Jun 30, 2026
RA Capital Management, L.P.Institution
7.24%21.34Mfiled May 15, 2026
Adimab, LLC1,2Strategic10 percent owner
6.87%20.26Mfiled Dec 29, 2025
Maverick Capital LtdInstitution
6.44%18.97Mas of Jun 30, 2026
  1. Adimab, LLC's transaction reports restate only vehicles that traded; the 2025 ownership statement (20.26M) is used instead.
  2. Adimab, LLC reports a block also reported by Perceptive Advisors LLC; it is counted once, under Perceptive Advisors LLC.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 18, 2026Robert D. III Allenofficer: Chief Scientific Officer−17,043$0.8429
Aug 17, 2026Robert D. III Allenofficer: Chief Scientific Officer−20,679$0.7220
Aug 18, 2026Jill Andersenofficer: Chief Legal Officer, Secretary−30,706$0.8429
Aug 17, 2026Jill Andersenofficer: Chief Legal Officer, Secretary−37,256$0.7220
Aug 18, 2026William E. Dukeofficer: Chief Financial Officer−18,425$0.8429
View details

Compare

CompanyPriceChange
Invivyd$0.9606−5.82%$300.5M5.1+21.2%
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Median36.716.34.9+5.7%