NASDAQ : INV
Innventure, Inc. — Financial statements
Financials · Asset Management · United States
Last price 0.3198 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 27.06M
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Financial statements
Innventure, Inc. (INV) reported revenue of 3.75M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 3.75M | 2.06M | 1.22M | 1.12M | 942.00K |
| Cost of Revenue | 26.11M | 18.83M | 4.53M | ||
| Gross Profit | -22.36M | -16.77M | -3.31M | 1.12M | 942.00K |
| Selling, General & Admin | 67.03M | 76.34M | 62.45M | 20.79M | 10.17M |
| Research & Development | 30.32M | 25.02M | 11.32M | 4.00M | 15.44M |
| Operating Expenses | 97.35M | 101.37M | 73.77M | 24.80M | 25.61M |
| Operating Income | -119.71M | -118.14M | -77.07M | -23.68M | -24.67M |
| Interest Expense | -8.12M | -10.23M | -2.96M | -1.37M | -890.00K |
| Interest & Investment Income | 1.10M | 556.00K | 531.00K | 143.00K | |
| Earnings From Equity Investments | -6.92M | -12.59M | -9.00K | -632.00K | -63.00K |
| Other Non Operating Income (Expenses) | -10.54M | 16.10M | -21.55M | 766.00K | -205.00K |
| EBT Excluding Unusual Items | -144.18M | -124.31M | -101.06M | -24.77M | -25.83M |
| Impairment of Goodwill | -346.56M | ||||
| Gain (Loss) on Sale of Investments | 239.00K | 1.64M | 11.08M | -6.22M | -6.96M |
| Other Unusual Items | -13.58M | -19.60M | -11.16M | ||
| Pretax Income | -157.52M | -488.83M | -101.14M | -30.98M | -32.78M |
| Income Tax Expense | -14.42M | -13.48M | -2.85M | ||
| Earnings From Continuing Operations | -143.10M | -475.35M | -98.29M | -30.98M | -32.78M |
| Minority Interest in Earnings | 29.70M | 182.03M | 20.10M | 139.00K | 28.00K |
| Net Income | -113.40M | -293.32M | -78.19M | -30.84M | -32.76M |
| Preferred Dividends & Other Adjustments | 151.00K | 120.00K | -16.22M | -6.17M | |
| Net Income to Common | -113.55M | -293.44M | -61.97M | -30.84M | -26.59M |
| Shares Outstanding (Basic) | 69.96M | 54.42M | 43.95M | 12.45M | |
| Shares Outstanding (Diluted) | 69.96M | 54.42M | 43.95M | 12.45M | |
| EPS (Basic) | -1.62 | -5.39 | -1.41 | -2.48 | |
| EPS (Diluted) | -1.62 | -5.39 | -1.41 | -2.48 | |
| Free Cash Flow | -104.95M | -82.10M | -49.06M | -20.12M | -9.95M |
| Free Cash Flow Per Share | -1.50 | -1.51 | -1.12 | -1.62 | |
| Gross Margin | -271.23% | 100.00% | 100.00% | ||
| Operating Margin | -3,190.62% | -5,746.21% | -6,317.54% | -2,119.78% | -2,618.79% |
| Profit Margin | -3,026.44% | -14,272.23% | -5,079.59% | -2,761.41% | -2,822.51% |
| Free Cash Flow Margin | -2,797.28% | -3,993.19% | -4,021.64% | -1,801.34% | -1,056.26% |
| EBITDA | -97.06M | -95.64M | -71.47M | -23.67M | |
| D&A For EBITDA | 22.66M | 22.51M | 5.60M | 8.00K | |
| EBIT | -119.71M | -118.14M | -77.07M | -23.68M | -24.67M |
| Revenue as Reported | 942.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 41.54M | 60.45M | 11.12M | 2.58M | 7.54M |
| Cash & Short-Term Investments | 41.54M | 60.45M | 11.12M | 2.58M | 7.54M |
| Accounts Receivable | 2.12M | 1.09M | 283.00K | ||
| Other Receivables | 51.00K | 11.84M | 4.54M | 2.60M | 14.00K |
| Receivables | 2.17M | 12.93M | 4.82M | 2.60M | 14.00K |
| Inventory | 2.99M | 1.60M | 5.18M | ||
| Prepaid Expenses | 3.44M | 3.17M | 3.17M | 487.00K | 257.00K |
| Restricted Cash | 5.00M | 5.00M | |||
| Total Current Assets | 71.44M | 83.15M | 24.29M | 5.66M | 7.82M |
| Property, Plant & Equipment | 2.27M | 1.94M | 1.41M | 637.00K | |
| Long-Term Investments | 26.64M | 28.74M | 28.73M | 14.17M | 19.82M |
| Goodwill | 323.46M | 323.46M | 667.94M | ||
| Other Intangible Assets | 149.73M | 160.54M | 182.15M | ||
| Other Long-Term Assets | 1.15M | 1.35M | 766.00K | 1.10M | 339.00K |
| Total Assets | 574.70M | 599.19M | 905.29M | 21.56M | 27.98M |
| Accounts Payable | 1.93M | 2.55M | 3.25M | 93.00K | 84.00K |
| Accrued Expenses | 6.84M | 18.73M | 11.75M | 4.79M | 892.00K |
| Short-Term Debt | 12.22M | 14.00M | 1.00M | 501.00K | |
| Current Portion of Long-Term Debt | 20.13M | 12.85M | 625.00K | 912.00K | 1.95M |
| Current Income Taxes Payable | 18.00K | 23.00K | |||
| Current Unearned Revenue | 534.00K | 947.00K | |||
| Other Current Liabilities | 30.31M | 28.96M | 39.72M | 1.38M | 896.00K |
| Total Current Liabilities | 59.77M | 76.28M | 69.35M | 8.17M | 4.32M |
| Long-Term Debt | 5.91M | 8.33M | 13.65M | 5.50M | 3.45M |
| Long-Term Deferred Tax Liabilities | 9.26M | 13.85M | 27.35M | ||
| Other Long-Term Liabilities | 16.94M | 17.06M | 28.64M | 26.38M | 31.40M |
| Total Liabilities | 91.88M | 115.51M | 139.00M | 40.05M | 39.17M |
| Common Stock | 8.00K | 7.00K | 4.00K | 2.79M | 2.59M |
| Additional Paid-In Capital | 632.24M | 577.07M | 502.87M | ||
| Retained Earnings | -418.91M | -371.60M | -78.26M | -64.28M | -38.56M |
| Comprehensive Income & Other | -644.00K | -1.26M | 909.00K | ||
| Total Common Equity | 212.69M | 204.21M | 425.52M | -61.49M | -35.98M |
| Minority Interest | 270.12M | 279.46M | 340.78M | 1.56M | 656.00K |
| Shareholders' Equity | 482.81M | 483.68M | 766.29M | -18.49M | -11.19M |
| Total Liabilities & Equity | 574.70M | 599.19M | 905.29M | 21.56M | 27.98M |
| Total Debt | 26.04M | 33.39M | 28.28M | 7.41M | 5.90M |
| Net Cash (Debt) | 15.50M | 27.05M | -17.16M | -4.84M | 1.65M |
| Net Cash Per Share | 0.22 | 0.50 | -0.39 | -0.39 | |
| Filing Date Shares Outstanding | 84.61M | 80.07M | 47.11M | 12.45M | |
| Total Common Shares Outstanding | 84.61M | 67.74M | 44.60M | 12.45M | |
| Working Capital | 11.67M | 6.88M | -45.06M | -2.50M | 3.49M |
| Book Value Per Share | 2.51 | 3.01 | 9.54 | -4.94 | |
| Tangible Book Value | -260.50M | -279.79M | -424.57M | -61.49M | -35.98M |
| Tangible Book Value Per Share | -3.08 | -4.13 | -9.52 | -4.94 | |
| Machinery | 1.68M | 1.95M | 678.00K | 105.00K | |
| Construction In Progress | 1.05M | 266.00K | 502.00K | ||
| Leasehold Improvements | 981.00K | 960.00K | 548.00K | 38.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | -113.40M | -293.32M | -98.29M | -30.84M | -32.76M |
| Depreciation & Amortization | 22.66M | 22.51M | 5.60M | 8.00K | |
| Asset Writedown & Restructuring Costs | 346.56M | 13.85M | |||
| Loss (Gain) From Sale of Investments | -238.00K | -1.64M | -11.55M | 6.45M | 7.20M |
| Loss (Gain) on Equity Investments | 6.92M | 12.59M | 9.00K | 632.00K | 63.00K |
| Stock-Based Compensation | 22.93M | 27.87M | 17.39M | 910.00K | 815.00K |
| Other Operating Activities | -14.72M | -185.83M | 31.56M | -458.00K | 208.00K |
| Change in Accounts Receivable | -1.22M | -811.00K | -283.00K | ||
| Change in Inventory | 3.63M | 3.57M | -5.18M | ||
| Change in Accounts Payable | -2.33M | -1.39M | -5.20M | 9.00K | -143.00K |
| Change in Unearned Revenue | -156.00K | 947.00K | |||
| Change in Income Taxes | -274.00K | 23.00K | |||
| Change in Other Net Operating Assets | -27.42M | -11.77M | 17.87M | 3.82M | 818.00K |
| Operating Cash Flow | -103.39M | -80.68M | -48.06M | -19.48M | -9.95M |
| Capital Expenditures | -1.56M | -1.42M | -1.00M | -645.00K | |
| Cash Acquisitions | 16.00K | ||||
| Sale (Purchase) of Intangibles | -30.00K | ||||
| Investment in Securities | -2.71M | -9.46M | -4.02M | 1.48M | |
| Other Investing Activities | 11.34M | ||||
| Investing Cash Flow | -1.56M | -4.12M | 865.00K | -4.67M | 1.48M |
| Long-Term Debt Issued | 59.80M | 31.45M | 3.00M | 4.00M | |
| Short-Term Debt Repaid | -12.00K | ||||
| Long-Term Debt Repaid | -4.62M | -5.42M | -65.00K | -4.04M | |
| Total Debt Repaid | -12.04M | -4.62M | -5.42M | -65.00K | -4.05M |
| Net Debt Issued (Repaid) | 14.31M | 55.18M | 26.04M | 2.94M | -49.00K |
| Issuance of Common Stock | 59.21M | 12.65M | 28.50M | 16.14M | 13.10M |
| Common Dividends Paid | -76.00K | -663.00K | -241.00K | -1.69M | |
| Other Financing Activities | 66.01M | 71.38M | 18.03M | 337.00K | 313.00K |
| Financing Cash Flow | 139.53M | 139.14M | 71.91M | 19.17M | 11.67M |
| Net Cash Flow | 34.58M | 54.33M | 24.71M | -4.97M | 3.21M |
| Free Cash Flow | -104.95M | -82.10M | -49.06M | -20.12M | -9.95M |
| Free Cash Flow Margin | -2,797.28% | -3,993.19% | -4,021.64% | -1,801.34% | -1,056.26% |
| Free Cash Flow Per Share | -1.50 | -1.51 | -1.12 | -1.62 | |
| Levered Free Cash Flow | -55.77M | -44.33M | 10.33M | -13.81M | |
| Unlevered Free Cash Flow | -50.70M | -37.93M | 12.18M | -12.96M | |
| Cash Interest Paid | 2.06M | 297.00K | 547.00K | ||
| Change in Working Capital | -27.76M | -9.43M | 7.21M | 3.83M | 675.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 27.06M | 283.17M | 686.24M | ||
| Enterprise Value | 11.56M | 555.92M | 752.93M | ||
| Last Close Price | 0.32 | 4.18 | 13.85 | 10.84 | 10.10 |
| PS Ratio | 7.21 | 137.73 | 562.49 | ||
| PB Ratio | 0.13 | 0.58 | 0.90 | ||
| EV/Sales Ratio | 3.08 | 270.39 | 617.16 | ||
| Debt / Equity Ratio | 0.05 | 0.07 | 0.04 | -0.40 | -0.53 |
| Net Debt / Equity Ratio | -0.03 | -0.06 | 0.02 | -0.26 | 0.15 |
| Net Debt / EBITDA Ratio | 0.16 | 0.28 | -0.24 | -0.20 | |
| Net Debt / FCF Ratio | 0.15 | 0.33 | -0.35 | -0.24 | 0.17 |
| Asset Turnover | 0.01 | 0.00 | 0.00 | 0.04 | |
| Inventory Turnover | 5.43 | 5.55 | |||
| Quick Ratio | 0.73 | 0.96 | 0.23 | 0.63 | 1.75 |
| Current Ratio | 1.20 | 1.09 | 0.35 | 0.69 | 1.81 |
| Return on Equity (ROE) | -31.49% | -76.06% | -26.29% | ||
| Return on Assets (ROA) | -13.23% | -9.82% | -10.39% | -59.74% | |
| Return on Capital Employed (ROCE) | -23.20% | -22.60% | -9.20% | -176.80% | -104.30% |
| Earnings Yield | -507.50% | -103.58% | -11.39% | ||
| FCF Yield | -387.87% | -28.99% | -7.15% | ||
| Buyback Yield / Dilution | -26.70% | -23.82% | -253.16% |