Identiv Reports Q4 & Fiscal 2025 Financial Results

Identiv, Inc., a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, released its financial results for the fourth quarter and fiscal year ended December 31, 2025.

“During the fourth quarter, we delivered results that exceeded our guidance and expectations, reflecting the higher-than-expected sales from key customers and the successful completion of our two-year manufacturing transition to Thailand, which has structurally reduced our cost profile and significantly increased efficiency,” said Identiv CEO Kirsten Newquist.

Q4 Results

Revenue for the fourth quarter of 2025 was $6.2 million, compared to $6.7 million in the previous year. This year-over-year decrease was as expected and due to the exit of lower-margin business, which did not transfer to Thailand.

The year-over-year improvement primarily reflects the reduction in direct labor and manufacturing overhead costs associated with the transition of all production to Thailand in 2025.

“We have made considerable progress across our Perform-Accelerate-Transform (P-A-T) strategy and most recently achieved a significant win. We signed an exclusive multi-year agreement to serve as the exclusive supplier for specialized, next-generation BLE smart labels,” added Newquist. “As we move into 2026, we are focused on scaling production for high-volume specialized BLE smart labels, expanding our customer base, and launching new products to capture opportunities in the rapidly growing global IoT market.”

Fiscal 2025 Results

Revenue for fiscal year 2025 was $21.5 million compared to $26.6 million the previous year. 

Fiscal year 2025 GAAP gross margin was 6.1% and non-GAAP gross margin was 14.3%, compared to 1.3% and a non-GAAP gross margin of 8.0%. The year-over-year expansion in gross margin reflects the lower cost structure and operational efficiencies gained from moving production to Thailand and shutting down the Singapore site.