Issue 001 | U.S. Pilot | US

INVE

Identiv, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-14 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 45.4%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 138,915,000USD
Total Liabilities: 10,482,000USD
NCAV: 128,433,000USD
Cash: 124,525,000USD
NCAV per share: 5.36USD/share
Evidence: 10 annual | 25 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: no_split_evidence_reported_equals_adjusted | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2020-12-31 10-K Open filing	2019-12-31 10-K Open filing	2018-12-31 10-K Open filing	2017-12-31 10-K Open filing	2016-12-31 10-K Open filing
Period-end Shares Outstanding	23,948,00023,948,000	23,765,00023,765,000	23,730,00023,730,000	23,658,00023,658,000	23,521,00023,521,000	23,431,00023,431,000	23,873,00023,873,000	23,448,00023,448,000	23,334,00023,334,000	23,247,00023,247,000	23,150,00023,150,000	23,112,00023,112,000	22,677,00022,677,000	22,623,00022,623,000	22,490,00022,490,000	22,444,00022,444,000	22,300,00022,300,000	22,230,00022,230,000	22,178,00022,178,000	22,123,00022,123,000	18,055,00018,055,000	16,986,00016,986,000	15,967,00015,967,000	14,435,00014,435,000	11,109,00011,109,000
Weighted-average Basic Shares	n/an/a	23,782,00023,782,000	23,849,00023,849,000	23,760,00023,760,000	23,599,00023,599,000	23,581,00023,581,000	23,660,00023,660,000	23,459,00023,459,000	23,368,00023,368,000	23,068,00023,068,000	23,174,00023,174,000	23,051,00023,051,000	22,794,00022,794,000	22,659,00022,659,000	22,682,00022,682,000	22,639,00022,639,000	22,574,00022,574,000	21,340,00021,340,000	22,448,00022,448,000	21,908,00021,908,000	17,978,00017,978,000	16,984,00016,984,000	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	24,037,00024,037,000	23,782,00023,782,000	23,849,00023,849,000	23,760,00023,760,000	23,599,00023,599,000	23,581,00023,581,000	23,660,00023,660,000	23,459,00023,459,000	23,368,00023,368,000	23,068,00023,068,000	23,174,00023,174,000	23,051,00023,051,000	22,794,00022,794,000	22,659,00022,659,000	23,315,00023,315,000	22,639,00022,639,000	n/an/a	22,267,00022,267,000	29,330,00029,330,000	28,751,00028,751,000	n/an/a	16,984,00016,984,000	n/an/a	n/an/a	n/an/a
Basic EPS	-0-0	-1-1	-1-1	-0-0	-0-0	33	44	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	00	00	00	-0-0	-0-0	-0-0	-1-1	n/an/a
Diluted EPS	-0-0	-1-1	-1-1	-0-0	-0-0	33	44	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	00	00	00	-0-0	-0-0	-0-0	-1-1	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.8%	0.0%	Insufficient evidence	4.3%	30.7%	31.2%	Insufficient evidence	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	0.8%	0.1%	0.3%	0.6%	0.4%	-1.9%	1.8%	0.5%	0.4%	0.4%	0.2%	1.9%	0.2%	0.6%	0.2%	0.6%	0.3%	0.2%	0.2%	22.5%	6.3%	6.4%	10.6%	29.9%	Insufficient evidence
Ownership Claim Change	-0.8%	-0.1%	-0.3%	-0.6%	-0.4%	1.9%	-1.8%	-0.5%	-0.4%	-0.4%	-0.2%	-1.9%	-0.2%	-0.6%	-0.2%	-0.6%	-0.3%	-0.2%	-0.2%	-18.4%	-5.9%	-6.0%	-9.6%	-23.0%	Insufficient evidence

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2020-12-31 10-K USD	2019-12-31 10-K USD	2018-12-31 10-K USD	2017-12-31 10-K USD	2016-12-31 10-K USD
Revenue	21,484,000	26,628,000	116,383,000	112,915,000	103,769,000	86,920,000	83,755,000	78,142,000	60,219,000	56,168,000
Operating Income	-22,146,000	-27,961,000	-5,055,000	-333,000	-1,347,000	-3,448,000	-109,000	-1,865,000	-4,630,000	-11,220,000
Net Income	-18,003,000	74,820,000	-5,489,000	-392,000	1,620,000	-5,105,000	-1,151,000	-4,708,000	-8,138,000	-13,695,000
Cash From Operations	-6,703,000	-15,433,000	1,157,000	-7,807,000	1,228,000	-1,766,000	427,000	-5,196,000	-7,832,000	-6,217,000
Capex	-1,108,000	-1,493,000	-4,284,000	-3,902,000	-2,087,000	-1,564,000	-289,000	-1,346,000	-967,000	-549,000
Free Cash Flow	-7,811,000	-16,926,000	-3,127,000	-11,709,000	-859,000	-3,330,000	138,000	-6,542,000	-8,799,000	-6,766,000
Cash And Equivalents	128,609,000	135,646,000	23,312,000	16,650,000	28,553,000	11,409,000	9,383,000	10,866,000	19,052,000	9,116,000
Accounts Receivable	4,070,000	4,214,000	21,969,000	24,826,000	19,963,000	18,927,000	18,363,000	14,952,000	12,282,000	9,430,000
Inventory	7,419,000	7,475,000	28,712,000	28,958,000	19,924,000	20,296,000	16,145,000	13,631,000	11,126,000	11,596,000
Total Current Assets	142,665,000	152,845,000	79,486,000	75,098,000	72,726,000	53,445,000	46,183,000	42,192,000	44,239,000	31,652,000
Total Assets	151,337,000	163,225,000	109,723,000	102,765,000	96,663,000	78,677,000	74,318,000	66,306,000	51,362,000	40,600,000
Total Current Liabilities	9,393,000	7,960,000	30,782,000	23,393,000	20,848,000	41,573,000	34,475,000	29,478,000	21,205,000	22,566,000
Total Liabilities	10,636,000	9,156,000	35,451,000	27,371,000	22,151,000	44,488,000	38,852,000	32,606,000	27,509,000	36,667,000
Shareholders Equity	140,701,000	154,069,000	74,272,000	75,394,000	74,512,000	34,189,000	35,466,000	33,870,000	24,031,000	4,113,000
Shares Outstanding	23,765,000	23,431,000	23,247,000	22,623,000	22,230,000	18,055,000	16,986,000	15,967,000	14,435,000	11,109,000
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	23,782,000	23,581,000	23,068,000	22,659,000	22,267,000	17,978,000	16,984,000	15,654,000	13,273,000	10,916,000
Weighted Avg Shares Basic	23,782,000	23,581,000	23,068,000	22,659,000	21,340,000	17,978,000	16,984,000	15,654,000	13,273,000	10,916,000
Net Share Count Change (Normalized)	0.1%	-1.9%	0.4%	0.6%	0.2%	6.3%	6.4%	10.6%	29.9%	Insufficient evidence
Ownership Claim Change (Normalized)	-0.1%	1.9%	-0.4%	-0.6%	-0.2%	-5.9%	-6.0%	-9.6%	-23.0%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	7,413,000	6,166,000	6,166,000	5,009,000	5,040,000	5,269,000	6,697,000	6,697,000	6,532,000	6,741,000	22,494,000	28,985,000	28,985,000	31,846,000	29,555,000	25,997,000	29,001,000	29,001,000	30,996,000	27,857,000	25,061,000	28,517,000	28,517,000	29,097,000	23,993,000
Operating Income	-4,204,000	-4,709,000	-4,709,000	-5,582,000	-6,387,000	-5,468,000	-6,625,000	-7,493,000	-9,553,000	-6,720,000	-4,195,000	-1,634,000	-1,634,000	341,000	-1,030,000	-2,732,000	400,000	400,000	549,000	-261,000	-1,021,000	-1,878,000	-1,878,000	2,060,000	-307,000
Net Income	-3,448,000	-3,721,000	-3,721,000	-3,451,000	-6,042,000	-4,789,000	-355,000	-355,000	85,949,000	-6,216,000	-4,558,000	-1,604,000	-1,604,000	-22,000	-1,144,000	-2,719,000	339,000	339,000	519,000	-251,000	-999,000	-4,387,000	-1,921,000	2,540,000	2,466,000
Cash From Operations	-2,835,000	3,026,000	3,026,000	-2,881,000	-3,568,000	-3,280,000	-5,923,000	-5,923,000	-7,216,000	-993,000	-1,301,000	4,771,000	4,771,000	-322,000	1,406,000	-4,698,000	-4,793,000	-4,793,000	-2,115,000	-865,000	-34,000	1,223,000	1,223,000	2,867,000	-2,451,000
Capex	-882,000	n/a	-203,000	-352,000	-252,000	-301,000	n/a	-620,000	-506,000	-135,000	-232,000	n/a	-1,145,000	-711,000	-1,203,000	-1,225,000	n/a	-894,000	-1,366,000	-1,132,000	-510,000	n/a	-164,000	-251,000	-541,000
Free Cash Flow	-3,717,000	n/a	2,823,000	-3,233,000	-3,820,000	-3,581,000	n/a	-6,543,000	-7,722,000	-1,128,000	-1,533,000	n/a	3,626,000	-1,033,000	203,000	-5,923,000	n/a	-5,687,000	-3,481,000	-1,997,000	-544,000	n/a	1,059,000	2,616,000	-2,992,000
Cash And Equivalents	124,525,000	128,609,000	128,609,000	126,266,000	129,339,000	132,382,000	135,646,000	135,646,000	145,361,000	18,435,000	21,623,000	23,312,000	23,312,000	19,674,000	21,905,000	20,804,000	16,650,000	16,650,000	21,202,000	25,016,000	27,614,000	28,553,000	28,553,000	29,218,000	36,370,000
Total Current Assets	138,915,000	142,665,000	142,665,000	142,134,000	144,112,000	148,707,000	152,845,000	152,845,000	166,003,000	69,381,000	72,864,000	79,486,000	79,486,000	81,481,000	81,344,000	77,273,000	75,098,000	75,098,000	74,456,000	72,602,000	71,306,000	72,726,000	72,726,000	74,205,000	80,686,000
Total Liabilities	10,482,000	10,636,000	10,636,000	7,359,000	7,461,000	8,236,000	9,156,000	9,156,000	20,289,000	32,703,000	31,623,000	35,451,000	35,451,000	36,638,000	37,402,000	31,950,000	27,371,000	27,371,000	27,440,000	22,921,000	21,075,000	22,151,000	22,151,000	22,560,000	32,209,000
Shares Outstanding	23,948,000	23,765,000	23,765,000	23,730,000	23,658,000	23,521,000	23,431,000	23,431,000	23,873,000	23,448,000	23,334,000	23,247,000	23,247,000	23,150,000	23,112,000	22,677,000	22,623,000	22,623,000	22,490,000	22,444,000	22,300,000	22,230,000	22,230,000	22,178,000	22,123,000
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	24,037,000	23,782,000	23,915,783	23,849,000	23,760,000	23,599,000	23,581,000	23,833,359	23,660,000	23,459,000	23,368,000	23,068,000	23,246,859	23,174,000	23,051,000	22,794,000	22,659,000	22,105,935	23,315,000	22,639,000	22,574,000	22,267,000	22,504,196	29,330,000	28,751,000
Weighted Avg Shares Basic	24,037,000	23,782,000	23,915,783	23,849,000	23,760,000	23,599,000	23,581,000	23,833,359	23,660,000	23,459,000	23,368,000	23,068,000	23,246,859	23,174,000	23,051,000	22,794,000	22,659,000	22,738,935	22,682,000	22,639,000	22,574,000	21,340,000	22,504,196	22,448,000	21,908,000
Net Share Count Change (Normalized)	0.8%	0.1%	0.1%	0.3%	0.6%	0.4%	-1.9%	-1.9%	1.8%	0.5%	0.4%	0.4%	0.4%	0.2%	1.9%	0.2%	0.6%	0.6%	0.2%	0.6%	0.3%	0.2%	0.2%	0.2%	22.5%
Ownership Claim Change (Normalized)	-0.8%	-0.1%	-0.1%	-0.3%	-0.6%	-0.4%	1.9%	1.9%	-1.8%	-0.5%	-0.4%	-0.4%	-0.4%	-0.2%	-1.9%	-0.2%	-0.6%	-0.6%	-0.2%	-0.6%	-0.3%	-0.2%	-0.2%	-0.2%	-18.4%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	138,915,000USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json
Total Liabilities	10,482,000USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json
Cash	124,525,000USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json
Shares Outstanding	23,948,000	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json Data Vault \| sec/companyfacts/cik=0001036044/companyfacts.json
NCAV	128,433,000USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	5.36USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	45.4%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001036044
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001036044/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001036044/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:52:16+00:00
Rendered At: 2026-08-16T03:29:38+00:00

Run Audit

Mary Run: 7597e71d9e0c42a48d3fa1ce89682485
Mary As Of: 2026-07-11
Accession: 0001193125-26-223705
CIK: 0001036044
Mary Filing Date: 2026-05-14
Filing Currency: USD
Internal Discount: 45.4%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2026-05-14; mary_accession=0001193125-26-223705; mary_cik=0001036044; gnni_supporting_filing_date=2026-05-14; internal_discount=0.453663; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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