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TickerINVE
SectorComputer Hardware
Mkt cap$123M
EV / EBITDA0.3×
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1036044

Identiv, Inc.

INVEHIGH VELOCITYFILING INTENSITY

Identiv, Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Semis & Hardware.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

−99%

0/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$21M
EBITDAN/A
Enterprise valueN/A
EV / RevenueN/A
EV / EBITDA0.3×
P/EN/A
Cash$129M
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

15/100

Companies actively deploying disclosed capital into M&A

  • $70M disclosed buyer spend

Buyer Cadence

20/100

Buyer-side companies with recent filing activity

  • Filed within 42d
  • 333 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 18 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 18 activism filings

Pressure Watch

49/100

Issuers facing activism, governance, or control pressure

  • 18 activism filings
  • Latest activism 1.9y ago

Distress Watch

44/100

Issuers showing financial-distress filing patterns

  • 10-Q 212d stale
  • 18 activism filings

Restatement Risk

4/100

Issuers with accounting-integrity flags from filings

  • 4 auditor changes
  • 6 NT late filings
  • Latest event 11y ago; heavily discounted

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 333 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Market cap $123M
  • 10-Q 212d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $39M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
20201$39M$39MN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    20%
  • Geographic Expansion
    20%
  • Technology Acquisition
    20%
  • Tuck In
    20%
  • Horizontal Consolidation
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • technology_acquisition
  • tuck_in
  • horizontal_consolidation
  • talent_acquisition
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

We believe our Velocity, MX and TS Reader solution is the highest performance, lowest per-door cost access control system for the U.S. federal government security mandate known as the Federal Identity, Credential and Access Management (“FICAM”) architecture.

10-KFY2018

We pursue investments and acquisitions with a focus on expanding our business, reinforcing our market position in targeted areas and fully leveraging our strengths and opportunities to enter new markets.

10-KFY2011

Our growth model is based on a combination of strong technology-driven organic growth from the businesses within the group and disciplined acquisitive expansion.

10-KFY2010

Our growth model is principally based on strong technology-driven organic growth, supported by disciplined acquisitive expansion.

10-KFY2011

integration of payment solution into our existing operations in Germany

10-KFY2012
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Semis & Hardware

Market spend (2023–2025)
$118.8B
Market spend (2020–2022)
$89.3B
Recent vs prior
+33%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

0.3×EV / EBITDA

INVE trades at a -19.2-turn discount to the Semis & Hardware peer median of 19.5×.

EV / Revenue
N/A
Net debt / EBITDA
N/A
Peer median EV / EBITDA
19.5×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
30.8×8.0×3.8×$3.2B$6B
21.7×6.6×-0.1×$25.9B$6.9B
19.5×4.5×2.8×$4.7B$1.8B
18.1×5.4×-0.4×$44.5B$997M
14.5×3.5×-0.2×$18.5B$3.1B
Identiv, Inc.INVE
0.3×N/AN/A$21MN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Semis & Hardware. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)332026-04-29
  • 10-Q (quarterly)882025-11-10
  • 8-K (event)3332026-03-12
  • Proxy / DEF 14A602025-05-08
  • Activism (13D / DFAN / PREC)182024-07-02

Signals on file

  • elevated

    Auditor change

    2015-11-30

    4 Item 4.01 filings on file; certifying accountant change.

  • watch

    Late-filing notice

    2015-08-14

    6 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2024-07-02

    18 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Identiv, Inc.: Issuer Brief | SE-Cluster