Innoviz Technologies Reports Record Revenue, Improved Margins, and Expanded Customer Engagement

Innoviz Technologies reported record revenue of $55.1 million in 2025, more than double the prior year's level, and improved gross margin to 23% from ~-5%. The company also cut operating expenses ~20% to $80.6M and finished the year with about $72.1 million in cash and no long-term debt. Innoviz confirmed major customer wins and production ramps, including Daimler Truck/Torc Robotics, Mobileye, and Volkswagen, and introduced next-gen InnovizThree for behind-the-windshield integration. The company guided 2026 revenue of $67–$73 million (~27% growth) and plans a 3–4x manufacturing ramp at Fabrinet.