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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | The following table summarizes stock-based compensation expense:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Selling, general and administrative |  | $ | 2,298 |  |  | $ | 1,567 |  |  | $ | 4,326 |  |  | $ | 2,925 |
Research and development |  |  | 124 |  |  |  | 76 |  |  |  | 243 |  |  |  | 173 |
Total |  | $ | 2,422 |  |  | $ | 1,643 |  |  | $ | 4,569 |  |  | $ | 3,098 |
Summary of Weighted-Average Assumptions used to Calculate Estimated Value of Stock Options | Black-Scholes-Merton assumptions used in calculating the estimated value of stock options granted by Innoviva on the date of grant were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Risk-free interest rate |  | 4.1% - 4.2% |  | 4.3% - 4.6% |  | 4.1% - 4.4% |  | 4.1% - 4.6%
Expected term (in years) |  | 5.50 - 6.11 |  | 5.07 - 6.13 |  | 5.50 - 6.14 |  | 5.07 - 6.15
Volatility |  | 34.0% - 34.1% |  | 36.0% |  | 34.0% - 34.9% |  | 36.0 % - 36.8%
Dividend yield |  | —% |  | —% |  | —% |  | —%
Weighted-average estimated fair value of stock options granted |  | $7.22 - $7.68 |  | $6.21 - $6.71 |  | $7.17 - $7.92 |  | $4.97 - $6.93

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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