INVO Fertility
IVFNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $2.50 Prior regular-session close from the quote source.
- $2.47–$2.74 Regular-session low and high so far today.
- 22.5K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Nov 16 projected Projected for 2026-11-16 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $1.59–$98.08 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own IVF if IVF is a high-risk turnaround whose value depends on proving that INVO Fertility can turn a low-cost fertility-care model into recurring clinic volume before cash burn and dilution overwhelm shareholders.
IVF price history
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Investment thesis
What must happen next
INVO’s lower-cost fertility-access model must keep winning patient and provider adoption rather than being treated as a niche option behind established IVF clinic networks.HoldingMateriality: High
GAAP annual revenue rose from $3.0 million in FY2023 to $6.5 million in FY2024 and $6.8 million in FY2025. If adoption is real, small revenue can scale into a clinic platform; if not, the company remains subscale and cash-consuming.
Watch: Large fertility networks such as Shady Grove Fertility, CCRM, Kindbody, or Prelude win patients through broader clinic footprints, financing, and perceived success-rate advantages.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue rose from $3.0 million in FY2023 to $6.5 million in FY2024 and $6.8 million in FY2025.
Open source ↗The clinic and technology model must show operating leverage as utilization rises; otherwise the fixed cost of clinical operations and public-company infrastructure will consume incremental revenue.WeakeningMateriality: High
GAAP annual operating loss improved from negative $10.6 million in FY2022 to negative $6.8 million in FY2023 and negative $6.6 million in FY2024. Operating leverage is the bridge from an interesting access model to an investable business; without it, growth can destroy value.
Watch: Patient acquisition costs, physician compensation, embryology staffing, lab costs, or compliance expenses rise with volume instead of being leveraged.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating loss improved from negative $10.6 million in FY2022 to negative $6.8 million in FY2023 and negative $6.6.
Open source ↗The company must maintain access to acceptable financing until the fertility model reduces cash burn; otherwise shareholder value will be driven more by survival capital than business adoption.WeakeningMateriality: Medium
GAAP annual operating cash flow has been negative in each reported year from FY2021 through FY2025. For a microcap loss-maker, financing terms can dominate per-share outcomes even if the product and clinics gain traction.
Watch: Equity markets become unavailable or punitive for small healthcare issuers, forcing deeply dilutive stock, warrant, or convertible financings.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow has been negative in each reported year from FY2021 through FY2025.
Open source ↗INVO must preserve enough balance-sheet capacity to keep clinics operating and fund commercialization without creditors or counterparties constraining the strategy.HoldingMateriality: Medium
GAAP stockholders’ equity was positive at $7.2 million at FY2025 year-end after being negative in FY2022. A fragile balance sheet can force asset sales, clinic closures, or unfavorable financing before the operating model has time to prove itself.
Watch: Ongoing losses consume equity faster than new capital can be raised on acceptable terms.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP stockholders’ equity was positive at $7.2 million at FY2025 year-end after being negative in FY2022.
Open source ↗A very lean organization must rely on clinic-level and partner execution without suffering key-person, clinical-quality, or regulatory bottlenecks.HoldingMateriality: Medium
The profile reports 14 full-time INVO employees as of December 31, 2025. If execution capacity is too thin, the company may be unable to scale adoption even if patient demand exists.
Watch: Departure of key executives, reproductive endocrinologists, embryologists, or regulatory-quality personnel disrupts operations.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
The profile reports 14 full-time INVO employees as of December 31, 2025.
Open source ↗
Full investment case & evidence
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Original research
INVO’s lower-cost fertility-access model must keep winning patient and provider adoption rather than being treated as a niche option behind established IVF clinic networks. If adoption is real, small revenue can scale into a clinic platform; if not, the company remains subscale and cash-consuming.
The clinic and technology model must show operating leverage as utilization rises; otherwise the fixed cost of clinical operations and public-company infrastructure will consume incremental revenue. Operating leverage is the bridge from an interesting access model to an investable business; without it, growth can destroy value.
The company must maintain access to acceptable financing until the fertility model reduces cash burn; otherwise shareholder value will be driven more by survival capital than business adoption. For a microcap loss-maker, financing terms can dominate per-share outcomes even if the product and clinics gain traction.
INVO must preserve enough balance-sheet capacity to keep clinics operating and fund commercialization without creditors or counterparties constraining the strategy. A fragile balance sheet can force asset sales, clinic closures, or unfavorable financing before the operating model has time to prove itself.
A very lean organization must rely on clinic-level and partner execution without suffering key-person, clinical-quality, or regulatory bottlenecks. If execution capacity is too thin, the company may be unable to scale adoption even if patient demand exists.
All standing thesis claims
Original report summary
IVF is a high-risk turnaround whose value depends on proving that INVO Fertility can turn a low-cost fertility-care model into recurring clinic volume before cash burn and dilution overwhelm shareholders.
Bull case and bear case
Bull case and bear case for INVO Fertility
Where the evidence on INVO Fertility disagrees: Mixed on the latest evidence (Nov 9, 2026). Of its 5 thesis points, 3 holding and 2 weakening.
Bull case: what the evidence supports
INVO’s lower-cost fertility-access model must keep winning patient and provider adoption rather than being treated as a niche option behind established IVF clinic networks.
INVO must preserve enough balance-sheet capacity to keep clinics operating and fund commercialization without creditors or counterparties constraining the strategy.
A very lean organization must rely on clinic-level and partner execution without suffering key-person, clinical-quality, or regulatory bottlenecks.
Bear case: what the evidence questions
The clinic and technology model must show operating leverage as utilization rises; otherwise the fixed cost of clinical operations and public-company infrastructure will consume incremental revenue.
The company must maintain access to acceptable financing until the fertility model reduces cash burn; otherwise shareholder value will be driven more by survival capital than business adoption.
Thesis-Break Engine
Thesis-break watch · INVO Fertility
No break has crossed INVO Fertility’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedOther material event.
INVO Fertility filed an SEC 8-K on 2026-11-04: Other material event. It is a dated development that tests the current thesis.
- MixedRegulation FD disclosure.
INVO Fertility filed an SEC 8-K on 2026-08-28: Regulation FD disclosure. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
INVO Fertility filed an SEC 8-K on 2026-08-17: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Large fertility networks such as Shady Grove Fertility, CCRM, Kindbody, or Prelude win patients through broader clinic footprints, financing, and perceived success-rate advantages.
- Patient acquisition costs, physician compensation, embryology staffing, lab costs, or compliance expenses rise with volume instead of being leveraged.
- Equity markets become unavailable or punitive for small healthcare issuers, forcing deeply dilutive stock, warrant, or convertible financings.
- Ongoing losses consume equity faster than new capital can be raised on acceptable terms.
- Departure of key executives, reproductive endocrinologists, embryologists, or regulatory-quality personnel disrupts operations.
IVF news
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Financial statements
IVF income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
IVF: quick answers
- When does INVO Fertility (IVF) report earnings next?
- INVO Fertility's next results are projected for November 16, 2026, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on August 17, 2026. Earnings calendar
- What is IVF's short interest?
- As of October 30, 2026, 7,572 IVF shares were sold short, down 71.4% from the count before. At the stock's average daily volume that is 1.0 day to cover. FINRA publishes the count twice a month. IVF short interest history
