Inventiva S.A. reported preliminary unaudited 2025 fiscal year financial results, including cash and cash equivalents of €99.3 million and short-term deposits of €131.6 million as of December 31, 2025, revenues of €4.5 million, and a cash runway until the middle of the first quarter of 2027. The company completed a U.S. registered public offering for gross proceeds of $172.5 million (€149 million).
Key takeaways
Cash and cash equivalents: €99.3 million as of December 31, 2025 (vs. €96.6 million as of December 31, 2024)
Short-term deposits: €131.6 million as of December 31, 2025
Revenues: €4.5 million in 2025 (vs. €9.2 million in 2024)
Net cash used in operating activities: (€104.6) million in 2025 (vs. (€85.9) million in 2024)
U.S. registered public offering: gross proceeds $172.5 million (€149 million) in November 2025
Cash runway: until middle of Q1 2027; extends to middle of Q3 2027 assuming full exercise of Tranche 3 warrants for up to €116.0 million