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INVO Fertility (IVF) investor relations material
INVO Fertility Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the nine months ended September 30, 2025, increased 8% year-over-year to $5.3 million, with Q3 2025 revenue up 23% to $1,757,094, driven by organic growth in Wisconsin and Atlanta clinics.
The company divested its majority stake in NAYA Therapeutics in June 2025, returning to an exclusive focus on fertility services.
Net loss for the nine months ended September 30, 2025, was $25.3 million, including $19.6 million in non-cash expenses, with Q3 2025 net loss widening to $2.6 million.
Expanded INVOcell device training and improved pricing led to 130% year-over-year device revenue growth.
Benefited from U.S. policy changes enabling standalone infertility benefits, expanding access to IVF treatments.
Financial highlights
Clinic revenue for the nine months ended September 30, 2025, was $5.2 million, up from $4.8 million year-over-year; Q3 2025 consolidated clinic revenue rose 21% to $1,722,223.
Cost of revenue increased to $3.3 million from $2.7 million year-over-year; Q3 2025 cost of revenue was $1,127,749.
Selling, general, and administrative expenses rose to $5.9 million from $5.6 million year-over-year.
Impairment loss of $1.4 million was recorded due to the release of a non-compete agreement.
Adjusted EBITDA for Q3 2025 was $(947,568), nearly flat year-over-year.
Outlook and guidance
The company plans to grow the Wisconsin Fertility Institute and pursue additional profitable IVF clinic acquisitions, with management expecting to complete at least one acquisition soon.
Anticipates continued growth from expanded telehealth, marketing, and policy-driven access to fertility services.
Until positive cash flow is achieved, additional funding will be required to meet liquidity needs and execute the business strategy.
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