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Jun 30
Innoviz Q2 2025 Earnings Report
Innoviz reported higher revenue and reduced losses in Q2 2025 compared to Q2 2024.
Key Takeaways
Innoviz Technologies delivered improved quarterly results, with revenue increasing to $9.7M and net loss narrowing from the prior year. Continued progress in commercial engagements and OEM partnerships helped drive performance, while cost control reduced operating expenses.
Revenue rose to $9.7M, up from $6.7M in Q2 2024
Net loss narrowed to $18.5M versus $21.2M last year
Operating expenses decreased by 20% year-over-year
Strong commercial momentum with major OEM agreement signed
Innoviz
Innoviz
Forward Guidance
Innoviz reaffirmed its 2025 revenue guidance and raised its NRE bookings target amid growing demand and new partnerships.
Positive Outlook
- Reiterated FY25 revenue guidance of $50–$60M
- Raised 2025 NRE bookings target to $30–$60M
- Signed development agreement with a top 5 passenger OEM
- First units shipped from high-volume Fabrinet line
- Launched InnovizSMART for industrial applications
Challenges Ahead
- Net loss remains significant despite improvement
- No new program wins reported in Q2
- Cash burn still ongoing, albeit lower
- Limited geographic revenue breakdown disclosed
- Macroeconomic and geopolitical risks remain