INV · Innventure, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44M | - | $534.0K | $223.0K | $224.0K | - | $317.0K | - |
| Cost of Revenue | $5.25M | - | $4.15M | $2.86M | $0 | - | $0 | - |
| Gross Profit | ($3.81M) | - | ($3.61M) | ($2.64M) | $224.0K | - | $317.0K | - |
| R&D | $7.84M | - | $6.15M | $1.76M | $1.67M | - | $1.24M | - |
| SG&A | $12.75M | - | $16.93M | $18.57M | $7.90M | - | $9.05M | - |
| Total Operating Expenses | $28.74M | - | $29.74M | $143.05M | $10.76M | - | $13.99M | - |
| D&A | $5.67M | - | $5.64M | $5.63M | $6.0K | - | $0 | - |
| Operating Income | ($27.30M) | - | ($29.20M) | ($11.29M) | ($10.53M) | - | ($13.67M) | - |
| Interest Expense | $1.47M | - | $3.51M | $2.94M | $491.0K | - | $971.0K | - |
| Income Tax | ($3.04M) | - | ($3.60M) | $0 | $0 | - | $0 | - |
| Net Income | ($20.80M) | - | ($28.33M) | ($84.23M) | ($5.22M) | - | ($18.87M) | - |
| EPS - Basic | ($0.27) | - | ($0.51) | ($1.60) | ($3.10) | - | ($0.94) | - |
| EPS - Diluted | ($0.27) | - | ($0.51) | ($1.60) | ($3.10) | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $55.37M | $60.45M | $9.06M | $6.96M | $2.16M | $45.0K | $7.54M | - |
| Accounts Receivable | $840.0K | $1.09M | $1.57M | $901.0K | $237.0K | $283.0K | - | $0 |
| Inventory | $1.56M | $1.60M | $6.40M | $6.62M | $5.22M | $5.18M | $0 | - |
| Accounts Payable | $3.00M | $2.55M | $856.0K | $3.71M | $5.06M | - | - | - |
| Current Assets | $81.82M | $83.15M | $32.25M | $21.13M | $10.29M | $24.29M | $21.21M | - |
| Total Assets | $591.48M | $599.19M | $556.51M | $555.99M | $660.42M | $905.29M | $21.56M | - |
| Current Liabilities | $59.85M | $76.28M | $82.48M | $72.32M | $47.32M | $69.35M | $8.17M | - |
| Long-term Debt | $6.94M | $8.33M | $29.51M | $16.75M | $12.35M | $13.65M | $5.50M | - |
| Total Liabilities | $93.33M | $115.51M | $149.94M | $129.93M | $105.95M | $139.00M | $55.46M | - |
| Stockholders' Equity | $223.44M | $204.21M | $190.77M | $218.55M | $261.50M | $425.52M | ($11.70M) | ($20.05M) |
| Retained Earnings | ($392.41M) | ($371.60M) | ($333.84M) | ($305.51M) | ($221.28M) | ($78.26M) | ($90.95M) | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($34.03M) | - | - | - | ($7.40M) | - | - | - |
| Investing Cash Flow | ($846.0K) | - | - | - | ($3.18M) | - | - | - |
| Financing Cash Flow | $29.80M | - | - | - | $10.16M | - | - | - |
| CapEx | $846.0K | - | - | - | $640.0K | - | - | - |
| Free Cash Flow | ($34.88M) | - | - | - | ($8.04M) | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||
| Gross margin | -264.0% | - | -676.6% | -1183.0% | 100.0% | - | 100.0% | - |
| Operating margin | -1891.7% | - | -5469.1% | -5061.0% | -4701.8% | - | -4313.6% | - |
| EBITDA margin | -1498.7% | - | -4413.3% | -2534.5% | -4699.1% | - | -4313.6% | - |
| Net margin | -1441.8% | - | -5305.6% | -37770.0% | -2329.9% | - | -5953.0% | - |
| Free cash flow margin | -2417.0% | - | - | - | -3587.9% | - | - | - |
| FCF / Net income | 1.68 | - | - | - | 1.54 | - | - | - |
| R&D / Revenue | 543.3% | - | 1151.9% | 791.0% | 745.1% | - | 391.2% | - |
| SG&A / Revenue | 883.6% | - | 3169.9% | 8326.9% | 3528.6% | - | 2855.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - |
| Return on assets | -3.5% | - | -5.1% | -15.1% | -0.8% | - | -87.5% | - |
| Return on equity | -9.3% | - | -14.9% | -38.5% | -2.0% | - | 161.3% | - |
| Return on invested capital | -9.4% | - | -10.5% | -3.8% | -3.0% | - | - | - |
| Liquidity | ||||||||
| Current ratio | 1.37 | 1.09 | 0.39 | 0.29 | 0.22 | 0.35 | 2.60 | - |
| Quick ratio | 1.34 | 1.07 | 0.31 | 0.20 | 0.11 | 0.28 | 2.60 | - |
| Cash ratio | 0.93 | 0.79 | 0.11 | 0.10 | 0.05 | 0.00 | 0.92 | - |
| Leverage | ||||||||
| Debt / Equity | 0.03 | 0.04 | 0.15 | 0.08 | 0.05 | 0.03 | -0.47 | - |
| Debt / Assets | 0.01 | 0.01 | 0.05 | 0.03 | 0.02 | 0.02 | 0.26 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest coverage | -18.5x | - | -8.3x | -3.8x | -21.5x | - | -14.1x | - |
| Equity multiplier | 2.65 | 2.93 | 2.92 | 2.54 | 2.53 | 2.13 | -1.84 | - |
| Liabilities / Assets | 0.16 | 0.19 | 0.27 | 0.23 | 0.16 | 0.15 | 2.57 | - |
| Efficiency | ||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.01 | - |
| Inventory turnover | 3.36 | - | 0.65 | 0.43 | 0.00 | - | - | - |
| Days sales outstanding | 212d | - | 1072d | 1475d | 386d | - | - | - |
| Days inventory outstanding | 109d | - | 564d | 845d | - | - | - | - |
| Days payable outstanding | 209d | - | 75d | 473d | - | - | - | - |
| Cash conversion cycle | 112d | - | 1561d | 1846d | - | - | - | - |
| Valuation | ||||||||
| P / E | - | - | - | - | - | - | - | - |
| P / B | 1.4x | - | 1.7x | 1.2x | 1.4x | - | - | - |
| P / S | 210.9x | - | 605.5x | 1131.0x | 1592.0x | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| Growth | ||||||||
| Revenue growth (YoY) | 544.2% | - | 68.5% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -159.2% | - | -113.6% | - | - | - | - | - |
| Net income growth (YoY) | -298.6% | - | -50.1% | - | - | - | - | - |
| EPS growth (YoY) | 91.3% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -334.0% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -14.6% | -52.0% | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.56M totalTechnology Segment$1.56M · 100.0%
Product / service
$2.06M totalProduct And Service Other$1.56M · 75.7%
Management Fees$499.0K · 24.3%
Peer comparison
Same SIC group: Blank Checks
Comparing Innventure against the 5 most active filers in the same SIC group.