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Stock-based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | Stock‑based compensation expense is included in the consolidated statements of income and comprehensive income as follows:
|  | Year Ended December 31, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Selling, general and administrative |  | $ | 8,930 |  |  | $ | 6,040 |  |  | $ | 4,645 |
Research and development |  |  | 522 |  |  |  | 334 |  |  |  | 1,192 |
Total |  | $ | 9,452 |  |  | $ | 6,374 |  |  | $ | 5,837 |
Schedule of Stock-based Compensation Expense Included in the Consolidated Statements of Income and Comprehensive Income by Award Type | Stock‑based compensation expense included in the consolidated statements of income and comprehensive income by award type is as follows:
|  | Year Ended December 31, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2023 |
Stock options |  | $ | 3,995 |  |  | $ | 2,738 |  |  | $ | 1,980 |
RSUs |  |  | 5,041 |  |  |  | 3,348 |  |  |  | 3,663 |
RSAs |  |  | 76 |  |  |  | 123 |  |  |  | 168 |
ESPP |  |  | 340 |  |  |  | 165 |  |  |  | 26 |
Total stock-based compensation expense |  | $ | 9,452 |  |  | $ | 6,374 |  |  | $ | 5,837 |
Schedule of Unrecognized Stock-based Compensation Cost | As of December 31, 2025, the unrecognized stock-based compensation cost and the estimated weighted-average amortization period were as follows:
(In thousands) |  | Unrecognized Compensation Cost |  |  | Weighted-Average Amortization Period (Years) |
Stock options |  | $ | 9,140 |  |  |  | 2.6 |
RSUs |  |  | 13,354 |  |  |  | 2.8 |
RSAs |  |  | 22 |  |  |  | 0.7 |
ESPP |  |  | 225 |  |  |  | 0.4 |
Total unrecognized compensation expense |  | $ | 22,741 |  |  |  |
Summary of Equity Award Activity and Related Information | The following table summarizes equity award activity under the 2012 Plan and prior plans and related information:
(In thousands, except per share data) |  | Number of outstanding options |  |  | Weighted-Average Exercise Price of Outstanding Options |  |  | Number of outstanding RSUs |  |  | Weighted-Average Fair Value per Share at Grant |  |  | Number of outstanding RSAs |  |  | Weighted-Average Fair Value per Share at Grant |
Balance as of December 31, 2024 |  |  | 2,067 |  |  | $ | 15.23 |  |  |  | 598 |  |  | $ | 15.00 |  |  |  | 7 |  |  | $ | 15.50 |
Granted |  |  | 870 |  |  | $ | 18.00 |  |  |  | 662 |  |  | $ | 18.18 |  |  |  | — |  |  | $ | — |
Exercised |  |  | (85 | ) |  | $ | 15.09 |  |  |  |  |  |  |  |  |  |  |  |  |
Released RSUs and RSAs |  |  |  |  |  |  |  |  | (300 | ) |  | $ | 15.10 |  |  |  | (5 | ) |  | $ | 15.78 |
Forfeited |  |  | (17 | ) |  | $ | 15.87 |  |  |  | (36 | ) |  | $ | 15.70 |  |  |  | — |  |  | $ | — |
Expired |  |  | (1 | ) |  | $ | 14.11 |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2025 |  |  | 2,834 |  |  | $ | 16.08 |  |  |  | 924 |  |  | $ | 17.22 |  |  |  | 2 |  |  | $ | 14.77 |
Vested and expected to vest as of December 31, 2025 |  |  | 2,834 |  |  | $ | 16.08 |  |  |  | 924 |  |  | $ | 17.22 |  |  |  |  |  |  |
Summary of Weighted-Average Assumptions used to Calculate Estimated Value of Stock Options | Black-Scholes-Merton weighted-average assumptions used in calculating the estimated value of stock options granted by Innoviva on the dates of grant were as follows:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Risk-free interest rate |  |  | 4.2 | % |  |  | 4.2 | % |  |  | 4.0 | %
Expected term (in years) |  |  | 6.07 |  |  |  | 6.10 |  |  |  | 6.09 |
Volatility |  |  | 34.5 | % |  |  | 35.5 | % |  |  | 37.8 | %
Dividend yield |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Weighted-average estimated fair value of stock options granted |  | $ | 7.48 |  |  | $ | 8.17 |  |  | $ | 5.57 |

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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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