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Sep 30
Innoviz Q3 2025 Earnings Report
Innoviz reported a net loss in Q3 2025 despite strong revenue growth and reduced operating expenses.
Key Takeaways
Innoviz Technologies posted significant revenue growth in Q3 2025, driven by increased LiDAR shipments and NRE services. While the company narrowed its losses compared to the previous year and reduced operating expenses, it still reported a net loss as it continues scaling operations and development.
Revenue for Q3 2025 was $15.3 million, a significant increase from $4.5 million in Q3 2024.
Operating expenses decreased by 30% to $18.1 million in Q3 2025 from $26.0 million in Q3 2024.
Innoviz was selected for future series production of L4 autonomous trucks by a major commercial vehicle OEM.
The company unveiled the InnovizThree, a new LiDAR sensor with a smaller form factor, better performance, and lower power consumption.
Innoviz
Innoviz
Forward Guidance
Innoviz reaffirmed its FY2025 revenue and program win targets, highlighting strong customer traction and expanding commercial activity.
Positive Outlook
- FY2025 revenue guidance reaffirmed at $50M–$60M
- 1–3 new program wins expected
- NRE bookings target maintained at $30M–$60M
- Ongoing momentum with L3 and L4 programs globally
- InnovizSmart showing strong traction in non-automotive use cases
Challenges Ahead
- Net loss remains significant despite improved revenue
- No GAAP profitability guidance provided
- Free cash flow not reported
- Segment-level revenue not detailed
- Continued cash burn impacting liquidity levels