INVE Technologies (INVE)
Market Price (10/29/2026): $2.65 | Market Cap: $64.2 MilSector: Industrials | Industry: Building Products
INVE Technologies (INVE)
Market Price (10/29/2026): $2.65Market Cap: $64.2 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 -182% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% 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 -145% | 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 -28% 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 -182% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| 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 -145% |
| 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 -28% |
| Key risksINVE key risks include [1] its lack of sustained profitability and potential for shareholder dilution, Show more. |
Qualitative Assessment
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INVE Technologies (INVE) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Return to profitability in fiscal Q3 2026.
INVE Technologies announced preliminary fiscal Q3 2026 results (ended September 30, 2026), projecting net income of $0.4 million to $0.8 million, marking a significant return to profitability after a period of losses. The company also expects revenue between $2.9 million and $3.1 million, with a gross margin of 18% to 19% for the quarter.
2. Commencement of a substantial $20 million share repurchase program.
The company initiated a modified Dutch auction self-tender offer to repurchase up to $20 million of its common stock at a price range of $2.85 to $3.40 per share. This range established a floor approximately 28% above the prior session's closing price of $2.22. If fully subscribed, this buyback represents approximately 24.7% to 29.4% of INVE's outstanding shares and signals management's confidence in the stock's undervaluation.
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INVE Technologies (INVE) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Return to profitability in fiscal Q3 2026.
INVE Technologies announced preliminary fiscal Q3 2026 results (ended September 30, 2026), projecting net income of $0.4 million to $0.8 million, marking a significant return to profitability after a period of losses. The company also expects revenue between $2.9 million and $3.1 million, with a gross margin of 18% to 19% for the quarter.
2. Commencement of a substantial $20 million share repurchase program.
The company initiated a modified Dutch auction self-tender offer to repurchase up to $20 million of its common stock at a price range of $2.85 to $3.40 per share. This range established a floor approximately 28% above the prior session's closing price of $2.22. If fully subscribed, this buyback represents approximately 24.7% to 29.4% of INVE's outstanding shares and signals management's confidence in the stock's undervaluation.
3. Strategic repositioning towards an AI SaaS model.
INVE Technologies, formerly Identiv, completed its rebranding in September 2026 after selling its IoT assets, repositioning itself toward a "physical AI SaaS model" under Interim CEO James Greenwell. This strategic shift and an announced transformative AI-driven product partnership have contributed to investor optimism regarding the company's future growth prospects.
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Stock Movement Drivers
Fundamental Drivers
The 6.7% change in INVE stock from 6/30/2026 to 10/28/2026 was primarily driven by a 4.7% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.52 | 2.69 | 6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 24 | 2.7% |
| P/S Multiple | 2.6 | 2.7 | 4.7% |
| Shares Outstanding (Mil) | 24 | 24 | -0.8% |
| Cumulative Contribution | 6.7% |
Market Drivers
6/30/2026 to 10/28/2026| Return | Correlation | |
|---|---|---|
| INVE | 6.7% | |
| Market (SPY) | 3.4% | 27.6% |
| Sector (XLI) | -9.0% | 23.2% |
Fundamental Drivers
The -27.3% change in INVE stock from 3/31/2026 to 10/28/2026 was primarily driven by a -34.8% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.70 | 2.69 | -27.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 21 | 24 | 13.0% |
| P/S Multiple | 4.1 | 2.7 | -34.8% |
| Shares Outstanding (Mil) | 24 | 24 | -1.2% |
| Cumulative Contribution | -27.3% |
Market Drivers
3/31/2026 to 10/28/2026| Return | Correlation | |
|---|---|---|
| INVE | -27.3% | |
| Market (SPY) | 19.1% | 17.9% |
| Sector (XLI) | 4.4% | -0.5% |
Fundamental Drivers
The -22.0% change in INVE stock from 9/30/2025 to 10/28/2026 was primarily driven by a -22.9% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.45 | 2.69 | -22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 24 | 3.1% |
| P/S Multiple | 3.5 | 2.7 | -22.9% |
| Shares Outstanding (Mil) | 24 | 24 | -1.9% |
| Cumulative Contribution | -22.0% |
Market Drivers
9/30/2025 to 10/28/2026| Return | Correlation | |
|---|---|---|
| INVE | -22.0% | |
| Market (SPY) | 16.9% | 18.7% |
| Sector (XLI) | 10.2% | 6.4% |
Fundamental Drivers
The -68.1% change in INVE stock from 9/30/2023 to 10/28/2026 was primarily driven by a -75.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.44 | 2.69 | -68.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 97 | 24 | -75.1% |
| P/S Multiple | 2.0 | 2.7 | 34.5% |
| Shares Outstanding (Mil) | 23 | 24 | -4.8% |
| Cumulative Contribution | -68.1% |
Market Drivers
9/30/2023 to 10/28/2026| Return | Correlation | |
|---|---|---|
| INVE | -68.1% | |
| Market (SPY) | 86.9% | 19.7% |
| Sector (XLI) | 72.8% | 16.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INVE Return | 231% | -74% | 14% | -56% | 5% | -29% | -68% |
| Peers Return | 53% | -27% | 44% | 24% | -6% | 20% | 126% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| INVE Win Rate | 75% | 33% | 58% | 33% | 50% | 50% | |
| Peers Win Rate | 77% | 32% | 57% | 48% | 43% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| INVE Max Drawdown | -19% | -77% | -50% | -67% | -24% | -58% | |
| Peers Max Drawdown | -23% | -51% | -36% | -27% | -42% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PI, ZBRA, AVY, NXPI, IOT.
[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 10/28/2026 (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
INVE Technologies's stock fell -17.5% during the 2025 US Tariff Shock. Such a loss loss requires a 21.2% gain to breakeven.
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| 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
INVE Technologies'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 INVE Technologies (INVE)
Identiv, Inc. (NASDAQ: INVE) operates as a security technology company, specializing in protecting physical spaces, data, and connected objects across the Americas, Europe, the Middle East, and Asia-Pacific. The company's business is structured into two main segments: Identity and Premises, each addressing distinct aspects of the security market.
The Identity segment is dedicated to enabling secure access to information. Its core offerings include products and solutions for logical access and cybersecurity, helping clients protect their digital assets and control access to sensitive information. This segment also focuses on safeguarding connected objects and their associated data using advanced radio-frequency identification (RFID) embedded security technologies.
The Premises segment provides comprehensive physical security solutions for various facilities. These include access control systems, video surveillance, analytics, audio solutions, and access readers, along with identity management for facility entry. Identiv serves a diverse customer base, encompassing government facilities, schools, utilities, hospitals, retail stores, apartment buildings, and shops. The company distributes its products and services primarily through a network of dealers, systems integrators, and value-added resellers.
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Like a specialized Honeywell focused entirely on integrated security for physical places, digital identities, and connected objects.
Think of them as a more focused Motorola Solutions for enterprise and government, providing comprehensive security for physical access, video, and digital identity management.
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- Secure Logical Access & Cybersecurity Solutions: Products and solutions that enable secure access to information, serving logical access and cybersecurity markets.
- RFID Embedded Security: Solutions for protecting connected objects and information using radio-frequency identification (RFID) embedded security.
- Access Control Systems: Solutions for managing and restricting entry to physical premises.
- Video Surveillance & Analytics: Systems for monitoring physical places with video and intelligent analytics capabilities.
- Audio Solutions for Premises Security: Audio technologies integrated into premises security systems.
- Access Readers: Devices used to authenticate individuals for physical access control.
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- Dealers
- Systems Integrators
- Value Added Resellers (VARs)
- Resellers
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Kirsten Newquist, Chief Executive Officer
Kirsten Newquist was appointed Identiv CEO in September 2024, having joined the company in April 2024 as President, IoT Solutions. She brings a 30-year career with a focus on delivering results in strategy, general management, and business development for Fortune 500 companies. Prior to Identiv, she served as Global Vice President of Healthcare and Product Line Management at Avery Dennison Smartrac, and previously led their Medical Products business. Her experience also includes roles at Copia Associates, Ancora Management Group, and Iwerks Entertainment, as well as being involved in the private equity business services sector and a startup that later went public.
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 and also acted as interim Chief Financial Officer from October 2021 to December 2021. Before joining Identiv, from April 2011 through November 2015, Mr. Kirnbauer worked as a financial consultant for several companies, including Ducommun Incorporated and Multi-Fineline Electronix, Inc. Earlier in his career, he was Vice President of Finance & Administration and Corporate Controller at various companies, including Procom Technology, Inc. He is a Certified Public Accountant who began his career at KPMG LLP.
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 diverse roles including sales, marketing, product management, business development, and investor relations. Before Identiv, he was responsible for strategic investments, product development, and M&A activities for BetaResearch GmbH, the digital TV division of the German Kirch Group.
Kim Macaulay, Senior Vice President, Sales, Marketing, and Business Development
Kim Macaulay serves as the Senior Vice President of Sales, Marketing, and Business Development.
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, having held multiple leadership roles across Asia. Prior to Identiv, Mr. Koh served as Chief Operating Officer at DZ Card International.
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Here are the key risks to INVE Technologies' business:
- Successful execution of new business strategy and integration of acquisitions: INVE Technologies (formerly Identiv, Inc.) has recently completed the sale of its IoT assets and rebranded, shifting its focus to building a physical AI software-as-a-service (SaaS) business through strategic acquisitions and an expected partnership with Trackonomy. This involves significant risks related to the company's ability to successfully execute this new strategy, integrate acquired assets, realize anticipated synergies, and achieve the intended benefits of new strategic partnerships. The value that may be realized from INVE's equity interest in Trackonomy is also a key uncertainty.
- Challenges in achieving sustained profitability and growth: The company has a history of declining earnings and has faced unprofitability. Recent financial reports indicate significant decreases in net revenue and gross profit, primarily due to lower unit sales of RFID transponder products and underutilization of manufacturing facilities. While the company has transitioned production and exited lower-margin businesses to improve gross margins, its ability to maintain business momentum, satisfy customer demand, and achieve cost and efficiency gains in its new business model remains crucial for future profitability and growth.
- Retention of key personnel and management transition: The success of INVE Technologies is heavily reliant on its ability to attract and retain key personnel, as any loss could negatively impact product development and sales. The recent asset sale and strategic pivot have led to changes in management, including the appointment of an interim Chief Executive Officer, which introduces operational risks and potential disruptions during this transitional period.
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The accelerating industry shift towards cloud-native, subscription-based "Physical Security as a Service" (PSaaS) and "Security as a Service" (SaaS) models. These models offer integrated hardware, software, maintenance, and monitoring as an operational expenditure rather than a capital expenditure, which could disrupt INVE's traditional product-based sales through dealers, integrators, and resellers for on-premise security solutions.
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INVE Technologies (symbol: INVE) operates in several addressable markets related to security technology. Based on the company's description and its product offerings, the addressable markets for its main products and services are as follows:
- Access Control Systems: The global access control systems market was valued at approximately USD 18.37 billion in 2026 and is projected to reach around USD 34.94 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 8.37% during this period. North America held the largest share of this global market, accounting for 34.91% in 2025.
- Cybersecurity: The global cybersecurity market was estimated at approximately USD 306.4 billion in 2026 and is projected to reach USD 478.95 billion by 2030, with a CAGR of 11.8%. North America was the largest region in this market in 2025.
- RFID (Radio-Frequency Identification): The global RFID market was valued at approximately USD 20.6 billion in 2026 and is projected to reach USD 62.3 billion by 2035, demonstrating a CAGR of 13.1%. North America held the largest share of the RFID market in 2025.
- Video Surveillance: The global video surveillance market is estimated to be approximately USD 71.4 billion in 2026 and is projected to reach USD 137.4 billion by 2033, growing at a CAGR of 9.8%. North America dominated this market, holding a 33% revenue share in 2025.
- Security Analytics: The global security analytics market is projected to be around USD 19.6 billion in 2026 and is expected to grow to USD 50.4 billion by 2030, at a CAGR of 24.6%. North America dominated this market with a revenue share of 39.5% in 2023. The U.S. security analytics market alone was valued at USD 6.40 billion in 2025 and is expected to reach USD 31.14 billion by 2035.
- Audio Analytics for Security / Audio Surveillance: The global audio analytics for security market was valued at USD 2.8 billion in 2025 and is projected to expand to USD 7.4 billion by 2034, with a CAGR of 11.5%. The audio surveillance market is projected to reach USD 1.82 billion in 2026 and is forecast to reach USD 3.11 billion by 2032.
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Identiv, Inc. (INVE) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Leveraging Demand from Existing and New Customers: The company has demonstrated robust performance, fueled by strong demand from existing customers and the conversion of new customers. This organic growth is expected to continue contributing to revenue expansion.
- Expansion in RFID and Bluetooth Low Energy (BLE) IoT Solutions: Identiv is strategically focused on developing and scaling its RFID and BLE-enabled Internet of Things (IoT) solutions. This includes launching new products and securing exclusive multi-year supply agreements for next-generation BLE smart labels, positioning the company to capitalize on the rapidly growing global IoT market.
- Strategic Focus on High-Value End Markets: Identiv aims to drive growth by capitalizing on emerging opportunities within high-value end markets such as healthcare and logistics, where its RFID and IoT solutions can address critical customer challenges through enhanced connectivity and digitization.
- Manufacturing Efficiencies and Improved Gross Margins: The successful completion of the manufacturing transition to a more cost-effective facility in Thailand has significantly improved gross margins. These operational efficiencies and cost savings are expected to structurally reduce the company's cost profile, allowing for more competitive pricing or reinvestment in growth initiatives, thereby indirectly supporting revenue growth.
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Share Repurchases
- Identiv's Board of Directors authorized a stock repurchase program for up to $10 million of its common stock on November 7, 2024.
- This program would allow the company to buy back up to 11.9% of its shares.
- The company intends to resume common stock repurchases before the Trackonomy asset sale closing, with funding from existing cash or future cash flow.
Share Issuance
- The number of shares outstanding for Identiv increased by 1.24% in one year, reaching 24.24 million shares.
- In September 2026, stockholders approved the potential issuance of more than 19.99% of common stock upon conversion of Series B preferred stock for Nasdaq rule purposes.
Inbound Investments
- On September 15, 2026, Identiv received $50 million of Series C preferred stock of Trackonomy Systems, Inc. as consideration for the sale of its IoT business.
Capital Expenditures
- Identiv's capital expenditures were -$2.14 million in the last 12 months prior to September 14, 2026.
- Annual capital expenditures were $0.34 million in 2025, $0.55 million in 2024, $0.97 million in 2023, and $1.35 million in 2022.
- Improvements in gross margin have been driven by cost savings from closing Singapore manufacturing and better utilization in Thailand, implying capital has been allocated to optimizing manufacturing processes.
Peer Outperformance in Building Products
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 64.8% | 56.5% | 152.9% | MATX 192% · KEX 169% |
| Construction & Engineering | 29 | -5.2% | 126.2% | 139.5% | STRL 1525% · FIX 1441% · AGX 816% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 1.9% | 67.2% | 92.9% | CAT 279% · ALSN 242% · WAB 220% |
| Aerospace & Defense | 52 | -10.9% | 62.3% | 65.7% | ATI 887% · FTAI 758% · HWM 567% |
| Trading Companies & Distributors | 19 | 16.5% | 42.9% | 56.6% | DXPE 413% · URI 232% · AIT 216% |
| Industrial Machinery & Supplies & Components | 72 | 2.6% | 59.6% | 38.7% | CRS 836% · MLI 349% · SYM 292% |
| Electrical Components & Equipment | 37 | -4.7% | 90.8% | 37.1% | POWL 2001% · VRT 850% · BE 680% |
| Diversified Support Services | 34 | 13.2% | 42.9% | 33.3% | CXW 258% · OPLN 151% · CACI 140% |
| Rail Transportation | 7 | 34.4% | 57.7% | 28.1% | CSX 53% · UNP 38% · NSC 28% |
| Building Products ← | 32 | -7.1% | 20.4% | 20.4% | GFF 361% · TT 163% · JCI 137% |
| Cargo Ground Transportation | 16 | 29.4% | 9.2% | 5.1% | R 259% · XPO 243% · ARCB 39% |
| Industrial Conglomerates | 17 | 9.5% | 8.1% | -0.8% | CSW 116% · DD 82% · CSL 62% |
| Agricultural & Farm Machinery | 15 | -0.7% | -14.5% | -6.6% | DE 96% · TTC 19% · AGCO -4% |
| Security & Alarm Services | 9 | -54.1% | 32.4% | -13.1% | BCO 55% |
| Data Processing & Outsourced Services | 6 | -24.0% | 0.3% | -17.8% | EXLS 66% · BR 8% · G -16% |
| Office Services & Supplies | 9 | 17.3% | 16.5% | -21.6% | PBI 207% · TILE 145% · HNI 49% |
| Environmental & Facilities Services | 29 | -31.8% | 35.4% | -22.8% | GEO 241% · CLH 179% · RSG 91% |
| Research & Consulting Services | 13 | 0.5% | -17.8% | -28.7% | HURN 289% · BAH 14% · FCN 10% |
| Passenger Airlines | 11 | 0.3% | 38.8% | -32.7% | LTM 2998% · UAL 125% · DAL 113% |
| Passenger Ground Transportation | 3 | -30.2% | 58.3% | -37.7% | UBER 46% · CAR -38% · LYFT -65% |
| Air Freight & Logistics | 12 | -25.5% | -7.0% | -40.7% | FDX 78% · EXPD 71% · CHRW 46% |
| Human Resource & Employment Services | 22 | 13.8% | -6.8% | -43.7% | ADP 43% · FA 18% · PAYX 2% |
| Airport Services | 4 | -53.7% | -57.5% | -86.1% | JOBY -42% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Identiv Earnings Notes | 12/16/2025 | |
| Can Identiv Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 185.67 |
| Mkt Cap | 16.1 |
| Rev LTM | 3,847 |
| Op Inc LTM | 495 |
| FCF LTM | 580 |
| FCF 3Y Avg | 437 |
| CFO LTM | 634 |
| CFO 3Y Avg | 486 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.2% |
| Rev Chg 3Y Avg | 3.3% |
| Rev Chg Q | 16.0% |
| QoQ Delta Rev Chg LTM | 3.8% |
| Op Inc Chg LTM | 24.4% |
| Op Inc Chg 3Y Avg | 6.4% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 4.3% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 16.2% |
| CFO/Rev 3Y Avg | 13.4% |
| FCF/Rev LTM | 14.6% |
| FCF/Rev 3Y Avg | 11.3% |
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 | $2.69 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/07/1997 | |
| Distance from 52W High | -49.1% | |
| 50 Days | 200 Days | |
| DMA Price | $2.57 | $3.25 |
| DMA Trend | down | down |
| Distance from DMA | 4.6% | -17.3% |
| 3M | 1YR | |
| Volatility | 59.1% | 65.3% |
| Downside Capture | 149.77 | 146.97 |
| Upside Capture | 115.68 | 82.16 |
| Correlation (S&P 500) | 17.2% | 18.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.97 | 0.35 | 1.17 | 0.94 | 0.87 | 0.73 |
| Up Beta | -1.97 | -0.16 | 0.93 | 1.21 | 1.30 | 0.82 |
| Down Beta | 2.88 | -0.96 | 0.90 | 1.35 | 1.25 | 1.07 |
| Up Capture | 37% | 26% | 111% | -1% | 16% | 4% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 6 | 17 | 28 | 61 | 124 | 343 |
| Down Capture | 261% | 143% | 156% | 136% | 88% | 93% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 22 | 32 | 58 | 113 | 365 |
[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 | -30.8% | 65.3% | -0.29 | - |
| Sector ETF (XLI) | 9.1% | 17.2% | 0.33 | 3.8% |
| Equity (SPY) | 13.7% | 12.7% | 0.72 | 17.2% |
| Gold (GLD) | 1.8% | 28.3% | 0.05 | 15.2% |
| Commodities (DBC) | 48.4% | 20.6% | 1.80 | -8.1% |
| Real Estate (VNQ) | 2.8% | 13.9% | -0.05 | -1.1% |
| Bitcoin (BTCUSD) | -29.4% | 43.4% | -0.68 | 10.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | -32.6% | 59.8% | -0.42 | - |
| Sector ETF (XLI) | 11.7% | 17.6% | 0.50 | 24.9% |
| Equity (SPY) | 12.7% | 17.1% | 0.56 | 32.2% |
| Gold (GLD) | 17.5% | 18.9% | 0.74 | 7.2% |
| Commodities (DBC) | 9.1% | 19.5% | 0.35 | 1.8% |
| Real Estate (VNQ) | 0.6% | 18.9% | -0.08 | 23.4% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 15.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INVE | |
|---|---|---|---|---|
| INVE | 1.9% | 63.8% | 0.30 | - |
| Sector ETF (XLI) | 13.3% | 20.1% | 0.58 | 25.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 27.9% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 5.3% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 9.4% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 22.3% |
| Bitcoin (BTCUSD) | 62.3% | 66.2% | 1.02 | 14.2% |
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Returns Analyses
Earnings Returns History
Updated 10/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | 25.2% | 22.1% | |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 11 | 14 |
| # Negative | 11 | 14 | 10 |
| Median Positive | 7.6% | 10.5% | 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 |
| 10/21/2026 | 25.2% | 22.1% | |
| 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 | 14 | 11 | 14 |
| # Negative | 11 | 14 | 10 |
| Median Positive | 7.6% | 10.5% | 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 10/26/2026Latest: Q3 2026 Earnings Reported 10/21/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 2.90 Mil | 3.00 Mil | 3.10 Mil | -32.6% | Lowered | Guidance: 4.45 Mil for Q3 2026 | |
| Q3 2026 Gross Margin | Reported | 18.0% | 18.5% | 19.0% | ||||
| Q3 2026 Net Income | Reported | 0.40 Mil | 0.60 Mil | 0.80 Mil | ||||
| Q3 2026 Net Income per Share | Reported | 0.01 | 0.02 | 0.02 | ||||
| Q4 2026 Share Repurchases | Reported | 20.00 Mil | ||||||
Prior: 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 | |
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 | |
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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