Revenue: As of FY2025, the actual value is USD 2.056 M.

EPS: As of FY2025, the actual value is USD -5.39.

EBIT: As of FY2025, the actual value is USD -455.02 M.

Operational Highlights

• Innventure, Inc. reported over $50 million in bookings in early 2026, indicating a commercial inflection point .
• Consolidated General and Administrative (G&A) expenses declined by 61% in Q4 2025 compared to Q4 2024, reflecting sustained cost discipline since the public listing .

Financial Performance (Year Ended December 31, 2025)

Revenue

• Total Revenue: $2,056 thousand .

Operating Expenses

• Cost of Sales: $18,830 thousand .
• General and Administrative: $66,710 thousand .
• Sales and Marketing: $9,633 thousand .
• Research and Development: $25,025 thousand .
• Goodwill Impairment: $346,557 thousand .
• Total Operating Expenses: $466,755 thousand .

Profitability

• Loss from Operations: -$464,699 thousand .
• Net Loss: -$475,350 thousand .
• Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders: -$293,317 thousand .

Cash Flow

• Net Cash Used in Operating Activities: -$80,683 thousand .
• Net Cash Used in Investing Activities: -$4,125 thousand .
• Cash Flows Provided by Financing Activities: $139,138 thousand .
• Net Increase in Cash, Cash Equivalents and Restricted Cash: $54,330 thousand .

Financial Position (as of December 31, 2025)

• Cash, Cash Equivalents and Restricted Cash: $60,449 thousand, an increase from $11,119 thousand as of December 31, 2024 .
• Total Current Assets: $83,154 thousand, compared to $24,286 thousand as of December 31, 2024 .
• Total Assets: $599,187 thousand, a decrease from $905,289 thousand as of December 31, 2024 .
• Total Current Liabilities: $76,276 thousand, compared to $69,347 thousand as of December 31, 2024 .
• Total Liabilities: $115,511 thousand, a decrease from $138,996 thousand as of December 31, 2024 .
• Total Stockholders’ Equity: $483,676 thousand, a decrease from $766,293 thousand as of December 31, 2024 .

Non-GAAP Financial Measures

• EBITDA: -$456,649 thousand for the year ended December 31, 2025, compared to -$83,067 thousand for the year ended December 31, 2024 .
• Adjusted EBITDA: -$78,764 thousand for the year ended December 31, 2025, compared to -$31,407 thousand for the year ended December 31, 2024 .

Outlook / Guidance

Innventure, Inc. is at a commercial inflection point in early 2026, with operating companies working to convert demand into bookings and raise capital independently to reduce platform capital intensity . Accelsius is scaling towards cash-flow positivity this year, AeroFlexx is entering anchor-customer adoption, and Refinity is rapidly validating its technology . This strategy aims to build a structurally self-funding growth company with a clear path to long-term value creation .