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Stock-based Compensation (Tables)

12 Months Ended

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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