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Stock-Based Compensation (Tables)

6 Months Ended

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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- References

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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

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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

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