Identiv (INVE)
Market Price (9/14/2026): $2.58 | Market Cap: $62.5 MilSector: Industrials | Industry: Building Products
Identiv (INVE)
Market Price (9/14/2026): $2.58Market Cap: $62.5 MilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -190% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% Megatrend and thematic driversMegatrends include Cybersecurity, Smart Buildings & Proptech, and Automation & Robotics. Themes include Identity Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -141% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -19 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -79% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -32% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -38% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29% Key risksINVE key risks include [1] its lack of sustained profitability and potential for shareholder dilution, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -190% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Smart Buildings & Proptech, and Automation & Robotics. Themes include Identity Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -141% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -19 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -79% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -32% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -38% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29% |
| Key risksINVE key risks include [1] its lack of sustained profitability and potential for shareholder dilution, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Identiv (INVE) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Sale of IoT Assets and Business Pivot: On June 24, 2026, Identiv announced an agreement to sell substantially all of its Internet of Things (IoT) operating assets to Trackonomy Systems. This strategic move, expected to close in fiscal Q3 2026, signifies a major pivot for the company, as it plans to rebrand and focus on physical AI solutions and compliance SaaS businesses. This shift away from its established IoT revenue streams introduced significant uncertainty regarding future business performance and revenue generation during the transition period, leading to a re-evaluation by investors.
2. Weak Fiscal Q3 2026 Revenue Guidance: Despite reporting improved fiscal Q2 2026 financial results, which included net revenue of $5.7 million (up from $5.0 million in fiscal Q2 2025) and narrowed GAAP net losses, Identiv issued a cautious outlook for fiscal Q3 2026. Management projected net revenue to be in the range of $4.1 million to $4.8 million, a notable decrease from the prior quarter. This lowered guidance was primarily attributed to paused orders from a large consumer-facing customer for several months and ongoing chip allocation delays impacting product shipments, signaling near-term headwinds to the company's financial performance.
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Identiv (INVE) stock has lost about 35% since 5/31/2026 because of the following key factors:
1. Sale of IoT Assets and Business Pivot: On June 24, 2026, Identiv announced an agreement to sell substantially all of its Internet of Things (IoT) operating assets to Trackonomy Systems. This strategic move, expected to close in fiscal Q3 2026, signifies a major pivot for the company, as it plans to rebrand and focus on physical AI solutions and compliance SaaS businesses. This shift away from its established IoT revenue streams introduced significant uncertainty regarding future business performance and revenue generation during the transition period, leading to a re-evaluation by investors.
2. Weak Fiscal Q3 2026 Revenue Guidance: Despite reporting improved fiscal Q2 2026 financial results, which included net revenue of $5.7 million (up from $5.0 million in fiscal Q2 2025) and narrowed GAAP net losses, Identiv issued a cautious outlook for fiscal Q3 2026. Management projected net revenue to be in the range of $4.1 million to $4.8 million, a notable decrease from the prior quarter. This lowered guidance was primarily attributed to paused orders from a large consumer-facing customer for several months and ongoing chip allocation delays impacting product shipments, signaling near-term headwinds to the company's financial performance.
3. Analyst Downgrades and Reduced Price Targets: Following the announcement of the asset sale and the fiscal Q2 2026 earnings report, several Wall Street analysts downgraded Identiv's stock and significantly lowered their price targets. For instance, Lake Street and Craig-Hallum both downgraded Identiv to a "Hold" rating in June 2026. By late August 2026, the average one-year price target for Identiv had been revised downwards by 18.70% to $3.62 per share from a prior estimate of $4.45. This deterioration in analyst sentiment contributed to negative investor confidence and selling pressure on the stock.
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Stock Movement Drivers
Fundamental Drivers
The -37.1% change in INVE stock from 5/31/2026 to 9/13/2026 was primarily driven by a -38.3% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.10 | 2.58 | -37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 24 | 2.7% |
| P/S Multiple | 4.2 | 2.6 | -38.3% |
| Shares Outstanding (Mil) | 24 | 24 | -0.8% |
| Cumulative Contribution | -37.1% |
Market Drivers
5/31/2026 to 9/13/2026| Return | Correlation | |
|---|---|---|
| INVE | -37.1% | |
| Market (SPY) | 1.0% | 17.6% |
| Sector (XLI) | -0.4% | -8.4% |
Fundamental Drivers
The -18.1% change in INVE stock from 2/28/2026 to 9/13/2026 was primarily driven by a -24.5% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.15 | 2.58 | -18.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 24 | 10.2% |
| P/S Multiple | 3.4 | 2.6 | -24.5% |
| Shares Outstanding (Mil) | 24 | 24 | -1.5% |
| Cumulative Contribution | -18.1% |
Market Drivers
2/28/2026 to 9/13/2026| Return | Correlation | |
|---|---|---|
| INVE | -18.1% | |
| Market (SPY) | 11.7% | 17.9% |
| Sector (XLI) | -2.4% | 1.3% |
Fundamental Drivers
The -30.3% change in INVE stock from 8/31/2025 to 9/13/2026 was primarily driven by a -31.1% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.70 | 2.58 | -30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 24 | 3.1% |
| P/S Multiple | 3.7 | 2.6 | -31.1% |
| Shares Outstanding (Mil) | 24 | 24 | -1.9% |
| Cumulative Contribution | -30.3% |
Market Drivers
8/31/2025 to 9/13/2026| Return | Correlation | |
|---|---|---|
| INVE | -30.3% | |
| Market (SPY) | 19.5% | 16.7% |
| Sector (XLI) | 14.6% | 3.8% |
Fundamental Drivers
The -68.8% change in INVE stock from 8/31/2023 to 9/13/2026 was primarily driven by a -75.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312023 | 9132026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.26 | 2.58 | -68.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 97 | 24 | -75.1% |
| P/S Multiple | 2.0 | 2.6 | 31.8% |
| Shares Outstanding (Mil) | 23 | 24 | -4.8% |
| Cumulative Contribution | -68.8% |
Market Drivers
8/31/2023 to 9/13/2026| Return | Correlation | |
|---|---|---|
| INVE | -68.8% | |
| Market (SPY) | 75.7% | 19.3% |
| Sector (XLI) | 65.9% | 15.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INVE Return | 231% | -74% | 14% | -56% | 5% | -31% | -69% |
| Peers Return | 51% | -15% | 10% | 20% | -4% | 9% | 78% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| INVE Win Rate | 75% | 33% | 58% | 33% | 50% | 44% | |
| Peers Win Rate | 68% | 33% | 50% | 47% | 42% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| INVE Max Drawdown | -19% | -77% | -50% | -67% | -24% | -53% | |
| Peers Max Drawdown | -21% | -41% | -33% | -22% | -37% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PI, AVY, ZBRA, HON, NXPI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/11/2026 (YTD)
How Low Can It Go
| Event | INVE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.5% | -18.8% |
| % Gain to Breakeven | 21.2% | 23.1% |
| Time to Breakeven | 101 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.9% | -7.8% |
| % Gain to Breakeven | 34.9% | 8.5% |
| Time to Breakeven | 109 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.1% | -9.5% |
| % Gain to Breakeven | 64.2% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -38.0% | -6.7% |
| % Gain to Breakeven | 61.2% | 7.1% |
| Time to Breakeven | 54 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.5% | -33.7% |
| % Gain to Breakeven | 120.0% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -45.7% | -19.2% |
| % Gain to Breakeven | 84.1% | 23.8% |
| Time to Breakeven | 376 days | 105 days |
In The Past
Identiv's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | INVE | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.9% | -7.8% |
| % Gain to Breakeven | 34.9% | 8.5% |
| Time to Breakeven | 109 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.1% | -9.5% |
| % Gain to Breakeven | 64.2% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -38.0% | -6.7% |
| % Gain to Breakeven | 61.2% | 7.1% |
| Time to Breakeven | 54 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -54.5% | -33.7% |
| % Gain to Breakeven | 120.0% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -45.7% | -19.2% |
| % Gain to Breakeven | 84.1% | 23.8% |
| Time to Breakeven | 376 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -65.8% | -12.2% |
| % Gain to Breakeven | 192.3% | 13.9% |
| Time to Breakeven | 365 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -90.9% | -6.8% |
| % Gain to Breakeven | 995.5% | 7.3% |
| Time to Breakeven | 1952 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -46.9% | -0.2% |
| % Gain to Breakeven | 88.5% | 0.2% |
| Time to Breakeven | 46 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.4% | -17.9% |
| % Gain to Breakeven | 39.7% | 21.8% |
| Time to Breakeven | 63 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.3% | -53.4% |
| % Gain to Breakeven | 172.6% | 114.4% |
| Time to Breakeven | 853 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.8% | -8.6% |
| % Gain to Breakeven | 26.2% | 9.5% |
| Time to Breakeven | 71 days | 47 days |
In The Past
Identiv's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Identiv (INVE)
Identiv, Inc. (INVE) is a global security technology company that specializes in securing both digital information and physical locations. The company provides comprehensive solutions designed to protect data, connected objects, and various physical premises across the Americas, Europe, the Middle East, and Asia-Pacific.
The company operates through two primary segments. Its Identity segment focuses on logical access and cybersecurity, offering products that enable secure access to information and protect connected objects and data through advanced radio-frequency identification (RFID) embedded security. The Premises segment provides solutions for physical security, encompassing access control systems, video surveillance, analytics, audio systems, and access readers, along with associated identities.
Identiv's solutions cater to a broad range of clients, securing diverse physical environments such as government facilities, educational institutions, utilities, hospitals, retail stores, and residential buildings. The company reaches its customers primarily through a network of dealers, systems integrators, and various resellers.
AI Analysis | Feedback
It's like **HID Global** for comprehensive physical and digital security solutions.
Think of it as a dedicated security technology company, similar to the security divisions of larger firms like **Honeywell** or **Johnson Controls**.
AI Analysis | Feedback
- Logical Access & Cybersecurity Solutions: Products and solutions that enable secure access to information, serving logical access and cybersecurity markets.
- RFID Embedded Security: Solutions that protect connected objects and information using radio-frequency identification technology.
- Physical Access Control Systems: Comprehensive solutions for managing and restricting entry to physical premises.
- Video Surveillance & Analytics: Systems for monitoring, recording, and analyzing activities within physical spaces.
- Access Readers & Credential Management: Devices for reading access credentials and solutions for managing identities in physical security environments.
AI Analysis | Feedback
Identiv (INVE) sells primarily to other companies rather than directly to individuals. While specific names of its major customer companies are not publicly disclosed, the company's business model involves selling its products and solutions through various channel partners. These major customer categories include:
- Dealers
- Systems Integrators
- Value Added Resellers (VARs)
- Resellers
AI Analysis | Feedback
AI Analysis | Feedback
Kirsten Newquist, Chief Executive Officer, Director
Kirsten Newquist was appointed Identiv CEO in September 2024 and became a member of the Board of Directors at the same time. She joined Identiv in April 2024 as President, IoT Solutions. Ms. Newquist has a 30-year career focused on strategy, general management, and business development for Fortune 500 companies. Prior to Identiv, she served as the Global Vice President of Healthcare and Product Line Management at Avery Dennison Smartrac, where she also led their Medical Products business. She holds a Bachelor of Science in Mechanical Engineering from Stanford University and an MBA from the Anderson School at UCLA.
Ed Kirnbauer, Chief Financial Officer
Ed Kirnbauer was appointed Chief Financial Officer of Identiv in August 2025. He has served as Identiv's Global Corporate Controller since November 2015. From October 2021 to December 2021, he also served as Identiv's interim Chief Financial Officer. Previously, from April 2011 through November 2015, Mr. Kirnbauer was a financial consultant to various companies, including Ducommun Incorporated and Multi-Fineline Electronix, Inc. He is a Certified Public Accountant and began his career at KPMG LLP. Mr. Kirnbauer holds an M.B.A. from DePaul University's Charles H. Kellstadt Graduate School of Business and a B.S. in Accounting from Illinois State University.
Dr. Manfred Mueller, Chief Strategy Officer
Dr. Manfred Mueller was named Chief Strategy Officer of Identiv in April 2024. He joined Identiv in 2000 and has held various roles including sales, marketing, product management, business development, and investor relations, giving him a comprehensive understanding of the company's technology, markets, customers, stakeholders, and operations. Before joining Identiv, Dr. Mueller was responsible for strategic investments, product development, and M&A activities for BetaResearch GmbH, the digital TV division of the German Kirch Group. He holds M.S. and Ph.D degrees.
Kim Macaulay, Senior Vice President, Sales, Marketing, and Business Development
Kim Macaulay was appointed Senior Vice President of Sales, Marketing, and Business Development in January 2025. Prior to joining Identiv, she founded Kim Macaulay Associates, where she advised multi-million-dollar organizations on optimizing their go-to-market strategies. Her leadership is instrumental in advancing Identiv's growth in RFID and BLE-enabled IoT solutions. Ms. Macaulay holds a degree in Business Management from Pepperdine University.
Boon Yong “BY” Koh, Vice President, Operations
Boon Yong “BY” Koh joined Identiv in January 2023 as Vice President of Operations. He brings over 40 years of extensive experience in supply chain management and manufacturing operations, with a distinguished career spanning multiple leadership roles across Asia. Before joining Identiv, Mr. Koh served as Chief Operating Officer at DZ Card International, where he oversaw production sites in several countries.
AI Analysis | Feedback
The key risks to Identiv's (INVE) business include its ongoing operating losses and revenue contraction, the volatility and competitive pressures within the IoT market, and the company's ability to successfully execute its strategic initiatives.
- Ongoing Operating Losses and Revenue Contraction: Identiv continues to report substantial losses from continuing operations, despite efforts to improve gross margins and strategically exit lower-margin businesses. This strategy has contributed to a year-over-year decline in overall revenue, presenting a challenge in achieving sustained profitability and growth in its core business segments.
- Dependence on Market Adoption and Competitive Pressures in the Volatile IoT Market: Identiv's financial performance is closely tied to the pace and extent of RFID market adoption and end-user uptake of its products. The market for Internet of Things (IoT) solutions, which includes Identiv's RFID and Bluetooth Low Energy (BLE) offerings, is characterized by inherent volatility and intense competitive pressures. These factors can significantly influence customer demand, pricing strategies, and the overall success of its product lines and strategic partnerships.
- Ability to Execute Strategic Initiatives and Manage Operational Efficiencies: While Identiv has demonstrated success in improving gross margins through strategic shifts, such as its manufacturing transition to Thailand, the company faces ongoing operational risks. These include the continuous need to achieve cost and efficiency gains, manage manufacturing processes effectively without delays, and successfully execute new strategic partnerships and product introductions, such as the BLE smart label program. Failure in these areas could impede future growth and profitability.
AI Analysis | Feedback
AI Analysis | Feedback
Identiv (NASDAQ: INVE) operates within several significant addressable markets for its security technology products and services.
Identity Segment
- Cybersecurity: The global cybersecurity market was valued at approximately USD 218.98 billion in 2025 and is projected to grow to USD 699.39 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 13.8%. North America represented a substantial portion of this market, holding a 43.0% share in 2025. The global cybersecurity services market alone was valued at USD 177.27 billion in 2025 and is predicted to increase to approximately USD 310.35 billion by 2034.
- RFID (Radio-Frequency Identification) Embedded Security: The global RFID market was valued at USD 16.8 billion in 2024 and is estimated to grow at a CAGR of 12.7% from 2025 to 2034. Another estimate placed the global RFID market at USD 16.73 billion in 2025, projected to reach USD 32.19 billion by 2031 with a CAGR of 11.52%. North America is noted as the largest market for RFID. Specifically, the global embedded RFID reader market was valued at USD 763 million in 2025 and is expected to reach USD 1,014 million by 2034. The broader embedded security market, which includes RFID security, was valued at USD 8.03 billion globally in 2025 and is expected to reach USD 15.22 billion by 2035, with North America holding a 38% share in 2025.
Premises Segment
- Physical Access Control: The global access control market, which encompasses physical access control, was valued at USD 12.01 billion in 2025 and is predicted to increase to approximately USD 25.15 billion by 2034, growing at a CAGR of 8.56%. North America held the largest market share of 33% in 2024. Another source indicates the global physical access control system market size was USD 10.81 billion in 2025 and is expected to grow to USD 18.51 billion in 2030.
- Access Readers: The global access control reader market was estimated at USD 4.54 billion in 2025 and is expected to reach USD 8.74 billion by 2034. Another projection values the global market at USD 5.65 billion in 2025, poised to grow to USD 14.51 billion by 2035, with North America accounting for approximately 37.83% of the global market share in 2023.
- Video Surveillance: The global video surveillance market was valued at USD 84.12 billion in 2025 and is predicted to increase to approximately USD 267.39 billion by 2035. Another report estimates the global market size at USD 82.7 billion in 2025, forecasted to reach USD 290.4 billion by 2036.
- Security Analytics: The global security analytics market was estimated at USD 13.87 billion in 2024. Other estimates place the global market at USD 5.96 billion in 2024, expected to reach USD 15.45 billion by 2033, or at USD 11.45 billion in 2023, projected to reach USD 50.38 billion by 2030. North America is a dominant region in this market, holding approximately 45% of the global share in 2024.
AI Analysis | Feedback
Identiv (NASDAQ: INVE) anticipates several key drivers for future revenue growth over the next two to three years, primarily centered on its strategic transformation into a pure-play Internet of Things (IoT) solutions provider.
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Scaling High-Volume Specialized BLE Smart Labels: A significant growth driver for Identiv is the scaling of production for high-volume specialized Bluetooth Low Energy (BLE) smart labels. The company has secured an exclusive multi-year agreement to be the supplier for next-generation BLE smart labels and is focused on expanding this production throughout 2026.
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Expansion of Customer Base: Identiv is actively focused on expanding its customer base. Management has highlighted growth with key customers and anticipates new customer wins to contribute to revenue. For instance, the company expects a significant increase in Q1 2026 sales, partly due to a new customer ordering its full-year volume upfront.
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Launch of New IoT Products and Solutions: The company plans to launch new products to capitalize on opportunities in the rapidly growing global IoT market. Identiv's innovation strategy focuses on utilizing advanced technologies for IoT solutions, with an R&D pipeline that includes eco-friendly inlays, on-metal/high-heat tags, and secure NFC anti-counterfeiting products.
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Strategic Partnerships: Identiv is actively forming strategic partnerships to enhance its IoT offerings and diversify revenue streams. These collaborations include initiatives for cold chain tracking in pharmaceuticals and the development of smart BLE labels for logistics, which are expected to drive future growth.
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Operational Efficiencies and Margin Expansion: While not a direct revenue driver, the successful completion of Identiv's manufacturing transition to Thailand has structurally reduced costs and significantly increased efficiency. This operational improvement has led to gross margin expansion, which can enable the company to invest further in growth initiatives, enhance competitiveness, and ultimately support top-line expansion as new programs mature and volumes scale.
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Share Issuance
- In April 2021, Identiv completed a public offering of common stock, which included the full exercise of the underwriters' option to purchase additional shares.
Outbound Investments
- Identiv signed an exclusive multi-year supply agreement for specialized, next-generation Bluetooth Low Energy (BLE) smart labels, as a key part of its RFID- and BLE-enabled IoT strategy.
Capital Expenditures
- Identiv completed a two-year manufacturing transition to Thailand by the end of fiscal year 2025, which involved shutting down its Singapore operations. This strategic move aimed to structurally reduce the company's cost profile and significantly increase operational efficiency by eliminating fixed manufacturing costs.
- The company anticipates using between $14 million and $16 million in cash during 2026, excluding strategic review-related costs, which may include capital expenditures for ongoing operations and growth initiatives.
- Cash from investing activities, which includes capital expenditures, showed outflows in recent periods, with a median of -$541,000.0 in 2021, and a Q3 2025 value of -$54,000.0.
Peer Outperformance in Building Products
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 12.7% | 109.6% | 196.6% | CDNL 2642% · FIX 2380% · STRL 2143% |
| Marine Transportation | 5 | 78.1% | 61.8% | 168.4% | HOS 46637% · MATX 193% · KEX 168% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 8.1% | 59.5% | 124.7% | CAT 341% · ALSN 275% · WAB 226% |
| Aerospace & Defense | 54 | -1.3% | 64.3% | 71.0% | ATI 1047% · FTAI 949% · HWM 637% |
| Rail Transportation | 7 | 34.0% | 64.5% | 45.3% | FSTR 144% · CSX 72% · UNP 56% |
| Passenger Ground Transportation | 3 | -21.7% | 35.1% | 42.4% | UBER 84% · CAR 42% · LYFT -70% |
| Trading Companies & Distributors | 19 | 6.3% | 35.0% | 40.9% | DXPE 580% · AIT 293% · WCC 230% |
| Industrial Machinery & Supplies & Components | 71 | 7.9% | 43.0% | 38.3% | CRS 1375% · PSIX 994% · EROC 630% |
| Diversified Support Services | 32 | 12.7% | 30.3% | 34.0% | LIME 3588% · TH 447% · WLFC 368% |
| Cargo Ground Transportation | 16 | 37.5% | 5.4% | 33.5% | XPO 264% · R 247% · CVLG 230% |
| Electrical Components & Equipment | 41 | 14.4% | 56.4% | 21.7% | POWL 2288% · BE 1304% · VRT 993% |
| Building Products ← | 33 | -11.2% | 2.7% | 18.3% | LMB 640% · GFF 407% · PPIH 312% |
| Industrial Conglomerates | 17 | 6.4% | 9.4% | 7.0% | RCMT 482% · CSW 145% · CSL 81% |
| Environmental & Facilities Services | 29 | -9.0% | 26.7% | -1.7% | CECO 1049% · ADUR 387% · NVRI 384% |
| Agricultural & Farm Machinery | 17 | 12.3% | -5.7% | -4.0% | BLBD 218% · DE 103% · GENC 56% |
| Research & Consulting Services | 13 | -12.8% | -25.5% | -11.5% | HURN 206% · CRAI 91% · GRNQ 79% |
| Data Processing & Outsourced Services | 6 | -33.5% | -15.9% | -25.2% | EXLS 42% · BR 8% · G -24% |
| Passenger Airlines | 11 | 1.9% | 2.8% | -26.9% | LTM 3321% · UAL 150% · SKYW 113% |
| Office Services & Supplies | 9 | 8.9% | 22.2% | -30.2% | PBI 198% · TILE 145% · HNI 54% |
| Air Freight & Logistics | 12 | -10.2% | -24.7% | -38.3% | CHRW 91% · FDX 68% · EXPD 59% |
| Security & Alarm Services | 10 | -34.4% | 15.9% | -38.4% | CIX 150% · MG 110% · NL 70% |
| Human Resource & Employment Services | 22 | 0.4% | -21.9% | -38.7% | BBSI 90% · ADP 50% · PAYX 23% |
| Airport Services | 3 | -71.3% | -79.6% | -57.6% | JOBY -21% · ASLE -58% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Identiv Earnings Notes | 12/16/2025 | |
| Can Identiv Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 189.59 |
| Mkt Cap | 14.8 |
| Rev LTM | 7,548 |
| Op Inc LTM | 1,078 |
| FCF LTM | 968 |
| FCF 3Y Avg | 753 |
| CFO LTM | 1,106 |
| CFO 3Y Avg | 904 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 1.6% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 2.8% |
| Op Inc Chg LTM | 11.1% |
| Op Inc Chg 3Y Avg | -3.0% |
| Op Mgn LTM | 14.7% |
| Op Mgn 3Y Avg | 13.6% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 15.5% |
| CFO/Rev 3Y Avg | 16.4% |
| FCF/Rev LTM | 13.3% |
| FCF/Rev 3Y Avg | 14.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Internet of Things (IoT) Business segment | 21 | 27 | 43 | ||
| Identity | 67 | 65 | |||
| Premises | 45 | 39 | |||
| Total | 21 | 27 | 43 | 113 | 104 |
| $ Mil | 2001 | 2000 | 1999 |
|---|---|---|---|
| Digital TV | 28 | 28 | 18 |
| Digital Media and Connectivity | 15 | 18 | |
| PC/Network Security | 6 | 7 | |
| Digital Media | 18 | ||
| PC and network security | 8 | ||
| Total | 49 | 53 | 45 |
Price Behavior
| Market Price | $2.58 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/07/1997 | |
| Distance from 52W High | -51.2% | |
| 50 Days | 200 Days | |
| DMA Price | $2.75 | $3.43 |
| DMA Trend | down | down |
| Distance from DMA | -6.3% | -24.7% |
| 3M | 1YR | |
| Volatility | 77.8% | 62.2% |
| Downside Capture | 107.35 | 65.71 |
| Upside Capture | -105.45 | 13.62 |
| Correlation (SPY) | 13.8% | 17.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.62 | 1.22 | 0.97 | 0.92 | 0.78 | 0.72 |
| Up Beta | 0.26 | 1.65 | 2.70 | 1.30 | 1.43 | 0.80 |
| Down Beta | -7.23 | 0.11 | 1.39 | 1.15 | 1.29 | 1.11 |
| Up Capture | 18% | 145% | -71% | 33% | 6% | 3% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 12 | 22 | 31 | 68 | 127 | 348 |
| Down Capture | -143% | 121% | 98% | 84% | 60% | 87% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 8 | 18 | 31 | 54 | 109 | 359 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | -31.5% | 61.9% | -0.34 | - |
| Sector ETF (XLI) | 15.1% | 17.2% | 0.65 | 3.8% |
| Equity (SPY) | 18.3% | 12.8% | 1.03 | 17.0% |
| Gold (GLD) | 19.0% | 29.2% | 0.59 | 10.6% |
| Commodities (DBC) | 48.3% | 20.6% | 1.80 | -7.2% |
| Real Estate (VNQ) | 7.6% | 13.6% | 0.29 | -0.1% |
| Bitcoin (BTCUSD) | -32.4% | 43.8% | -0.77 | 9.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | -33.0% | 59.3% | -0.43 | - |
| Sector ETF (XLI) | 12.0% | 17.6% | 0.52 | 24.7% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | 32.1% |
| Gold (GLD) | 18.7% | 18.8% | 0.81 | 6.5% |
| Commodities (DBC) | 11.4% | 19.5% | 0.46 | 2.3% |
| Real Estate (VNQ) | 0.7% | 18.9% | -0.07 | 23.5% |
| Bitcoin (BTCUSD) | 9.4% | 52.6% | 0.36 | 16.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | 2.2% | 63.7% | 0.31 | - |
| Sector ETF (XLI) | 13.3% | 20.1% | 0.58 | 25.4% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 27.8% |
| Gold (GLD) | 12.3% | 16.3% | 0.62 | 5.0% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 9.5% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 22.4% |
| Bitcoin (BTCUSD) | 63.2% | 66.2% | 1.03 | 14.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 1.1% | 8.8% | -1.5% |
| 5/13/2026 | -17.8% | -17.8% | -20.1% |
| 3/12/2026 | 6.6% | -2.4% | 10.3% |
| 11/10/2025 | -3.7% | -7.6% | -8.9% |
| 8/7/2025 | -0.6% | 1.9% | 5.6% |
| 5/7/2025 | 1.9% | -3.8% | 2.2% |
| 3/5/2025 | -6.6% | -5.2% | -12.1% |
| 11/7/2024 | 10.3% | 1.7% | 15.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 10 | 14 |
| # Negative | 11 | 14 | 10 |
| Median Positive | 6.6% | 9.6% | 11.3% |
| Median Negative | -11.0% | -7.3% | -15.9% |
| Max Positive | 26.5% | 37.5% | 39.8% |
| Max Negative | -26.7% | -24.2% | -29.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | 1.1% | 8.8% | -1.5% |
| 5/13/2026 | -17.8% | -17.8% | -20.1% |
| 3/12/2026 | 6.6% | -2.4% | 10.3% |
| 11/10/2025 | -3.7% | -7.6% | -8.9% |
| 8/7/2025 | -0.6% | 1.9% | 5.6% |
| 5/7/2025 | 1.9% | -3.8% | 2.2% |
| 3/5/2025 | -6.6% | -5.2% | -12.1% |
| 11/7/2024 | 10.3% | 1.7% | 15.9% |
| 8/8/2024 | -14.5% | -7.0% | -6.7% |
| 5/8/2024 | -11.0% | -17.6% | -18.0% |
| 3/12/2024 | 6.0% | 3.7% | -27.4% |
| 11/7/2023 | -16.3% | -1.5% | 17.8% |
| 8/3/2023 | 14.6% | 14.3% | 11.6% |
| 5/4/2023 | 26.5% | 37.5% | 39.8% |
| 3/2/2023 | -0.7% | -7.7% | -13.9% |
| 11/2/2022 | -24.8% | -24.2% | -29.0% |
| 8/3/2022 | 8.6% | 18.3% | 2.6% |
| 5/4/2022 | -0.7% | -7.9% | 5.9% |
| 3/2/2022 | -26.7% | -22.1% | -23.2% |
| 11/2/2021 | 13.2% | 26.1% | 14.6% |
| 8/3/2021 | 0.6% | 3.3% | 11.1% |
| 5/6/2021 | 10.1% | -3.5% | 12.7% |
| 3/4/2021 | 0.2% | 10.5% | 2.4% |
| 11/10/2020 | 5.9% | -1.9% | 13.2% |
| SUMMARY STATS | |||
| # Positive | 13 | 10 | 14 |
| # Negative | 11 | 14 | 10 |
| Median Positive | 6.6% | 9.6% | 11.3% |
| Median Negative | -11.0% | -7.3% | -15.9% |
| Max Positive | 26.5% | 37.5% | 39.8% |
| Max Negative | -26.7% | -24.2% | -29.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/26/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/14/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/12/2021 | 10-Q |
| 03/31/2021 | 05/11/2021 | 10-Q |
| 12/31/2020 | 03/12/2021 | 10-K |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/18/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Recent Forward Guidance
Updated 8/13/2026Latest: Q2 2026 Earnings Reported 8/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Net Revenue | Reported | 4.10 Mil | 4.45 Mil | 4.80 Mil | -21.9% | Lower New | Guidance: 5.70 Mil for Q2 2026 | |
Prior: Q1 2026 Earnings Reported 5/13/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 5.40 Mil | 5.70 Mil | 6.00 Mil | -18.0% | Lower New | Guidance: 6.95 Mil for Q1 2026 | |
Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | Reported | 6.70 Mil | 6.95 Mil | 7.20 Mil | 23.0% | Higher New | Actual: 5.65 Mil for Q4 2025 | |
Q3 2025 Earnings Reported 11/10/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | Reported | 5.40 Mil | 5.65 Mil | 5.90 Mil | 13.0% | Higher New | Guidance: 5.00 Mil for Q3 2025 | |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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