INV

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Innventure, Inc.

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Key Metrics

Previous Close: $1.54
52-Week Range: $1.26 – $7.86
Market Cap: $126.92M
P/E (TTM): —
EPS (TTM): -1.38
Dividend Yield: —

Advanced Metrics

Price/Book: 0.54
PEG Ratio: —
Return on Equity: -31.49%
Return on Assets: -13.23%
Gross Margin: 0.00%
Operating Margin: -3304.09%
Profit Margin: 0.00%
Current Ratio: 1.20
Debt/Equity: 0.05
Total Debt: $26.04M
Free Cash Flow: $-55.77M
Revenue Growth: 100.20%
Earnings Growth: —
Enterprise Value: $384.93M

INV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$942.00K	$1.12M	$1.22M	$2.06M
Cost of Revenue	—	$0.00	$4.53M	$18.83M
Gross Profit	—	$1.12M	-$3.31M	-$16.77M
Research & Development	$15.44M	$4.00M	$11.32M	$25.02M
Selling, General & Admin	$10.17M	$20.79M	$61.16M	$76.34M
Operating Expenses	$25.61M	$24.80M	$72.48M	$101.37M
Operating Income	-$24.67M	-$23.68M	-$75.79M	-$118.14M
EBITDA	-$31.89M	-$29.75M	-$91.82M	-$456.65M
Pretax Income	-$32.78M	-$30.98M	-$99.86M	-$488.83M
Income Tax	$0.00	$0.00	-$3.28M	-$13.48M
Net Income	-$32.76M	-$30.84M	-$76.47M	-$293.32M
Diluted EPS	-0.77	-0.72	-1.80	-5.39
Diluted Shares	42.70M	42.70M	44.60M	54.42M

INV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$7.54M	$2.58M	$11.12M	$60.45M
Receivables	$14.00K	$2.60M	$4.82M	$12.93M
Inventory	—	$0.00	$5.18M	$1.60M
Current Assets	$7.82M	$5.66M	$24.29M	$83.15M
Total Assets	$27.98M	$21.56M	$905.29M	$599.19M
Current Liabilities	$4.32M	$8.17M	$69.35M	$76.28M
Long-Term Debt	$3.45M	$5.50M	$13.65M	$8.33M
Total Debt	$5.90M	$7.41M	$28.28M	$33.39M
Total Liabilities	$39.17M	$40.05M	$139.00M	$115.51M
Retained Earnings	-$38.56M	-$64.28M	-$78.26M	-$371.60M
Shareholders' Equity	$0.00	$0.00	$503.78M	$575.82M
Working Capital	$3.49M	-$2.50M	-$45.06M	$6.88M
Net Debt	—	$4.84M	$17.16M	—

INV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$9.95M	-$19.48M	-$47.86M	-$80.68M
Capital Expenditure	—	-$645.00K	-$1.03M	-$1.42M
Free Cash Flow	-$9.95M	-$20.12M	-$48.89M	-$82.10M
Depreciation & Amortisation	—	$8.00K	$5.60M	$22.51M
Stock-Based Compensation	$815.00K	$910.00K	$17.39M	$27.87M
Investing Cash Flow	$1.48M	-$4.67M	$1.00M	-$4.13M
Financing Cash Flow	$11.67M	$19.17M	$71.66M	$139.14M
Dividends Paid	-$1.69M	-$241.00K	-$663.00K	-$76.00K
Net Change in Cash	$3.21M	-$4.97M	$24.80M	$54.33M

INV Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$224.00K	$476.00K	$534.00K	$822.00K	$1.44M
Cost of Revenue	$184.00K	$2.86M	$4.15M	$11.64M	$5.25M
Gross Profit	$40.00K	-$2.38M	-$3.61M	-$10.82M	-$3.81M
Research & Development	$6.25M	$6.07M	$6.15M	$6.55M	$7.84M
Selling, General & Admin	$21.77M	$20.78M	$19.44M	$14.35M	$15.65M
Operating Expenses	$28.02M	$26.84M	$25.59M	$20.91M	$23.49M
Operating Income	-$27.98M	-$29.23M	-$29.20M	-$31.72M	-$27.30M
EBITDA	-$247.99M	-$135.21M	-$29.30M	-$44.15M	-$24.16M
Pretax Income	-$255.07M	-$143.50M	-$38.34M	-$51.93M	-$30.82M
Income Tax	-$1.40M	-$2.22M	-$3.60M	-$6.26M	-$3.04M
Net Income	-$143.00M	-$84.23M	-$28.33M	-$37.76M	-$20.80M
Diluted EPS	-3.10	-1.60	-0.51	—	-0.27
Diluted Shares	46.25M	52.55M	55.85M	—	77.83M

INV Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.38M	$6.96M	$9.06M	$60.45M	$55.37M
Receivables	$361.00K	$5.09M	$9.08M	$12.93M	$15.76M
Inventory	$5.22M	$6.62M	$6.40M	$1.60M	$1.56M
Current Assets	$10.29M	$21.13M	$32.25M	$83.15M	$81.82M
Total Assets	$660.42M	$555.99M	$556.51M	$599.19M	$591.48M
Current Liabilities	$47.32M	$72.32M	$82.48M	$76.28M	$59.85M
Long-Term Debt	$12.35M	$16.75M	$29.51M	$8.33M	$6.94M
Total Debt	$14.49M	$45.26M	$66.00M	$33.39M	$26.70M
Total Liabilities	$134.67M	$129.93M	$149.94M	$115.51M	$93.33M
Retained Earnings	-$221.28M	-$305.51M	-$333.84M	-$371.60M	-$392.41M
Shareholders' Equity	$482.78M	$218.55M	$190.77M	$575.82M	$223.44M
Working Capital	-$37.04M	-$51.19M	-$50.23M	$6.88M	$21.98M
Net Debt	$13.11M	$38.29M	$56.94M	—	—

INV Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$14.70M	-$22.06M	-$19.57M	-$24.36M	-$34.03M
Capital Expenditure	-$917.00K	-$15.00K	-$439.00K	-$46.00K	-$846.00K
Free Cash Flow	-$15.61M	-$22.07M	-$20.01M	-$24.40M	-$34.88M
Depreciation & Amortisation	$5.55M	$5.63M	$5.64M	$5.68M	$5.67M
Stock-Based Compensation	$5.84M	$9.41M	$7.72M	$4.90M	$4.83M
Investing Cash Flow	-$3.25M	-$386.00K	-$439.00K	-$46.00K	-$846.00K
Financing Cash Flow	$8.21M	$33.03M	$22.11M	$75.79M	$29.80M
Dividends Paid	-$26.00K	-$50.00K	$0.00	$0.00	$0.00
Share Repurchases	-$50.00K	—	—	—	$0.00
Net Change in Cash	-$9.74M	$10.59M	$2.10M	$51.39M	-$5.08M

Market Snapshot

About

Innventure, Inc. is an innovation company that commercializes breakthrough technologies by partnering with Fortune 500 companies and leading research institutions. The company identifies promising technologies with significant market potential, provides capital and operational expertise, and builds new companies around these innovations. Innventure's portfolio includes ventures across sustainability, materials science, industrial technology, and other sectors. The company operates as both a venture builder and operating company, taking majority ownership stakes in the businesses it creates and actively managing them to scale.