Innventure, Inc. (INV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the INV SEC filings page.
Innventure, Inc. (INV) reported $3.8M in revenue over the twelve months to Jun 30, 2026, up 154.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Innventure's low-revenue model produced deep losses in FY2025, while balance-sheet growth came largely from financing and goodwill rather than operations.
The central mismatch is between a$293.3M net loss and operating cash flow of-$80.7M : accounting losses were far larger than cash absorbed by operations, indicating substantial non-cash or timing effects. That gap does not make the economics healthy—the-226.0% operating margin on$2.1M of revenue shows the current sales base is nowhere near covering the reported cost structure.
The balance sheet changed character: total assets expanded from
Short-term coverage improved from a 0.7x current ratio in FY2023 to 1.1x in FY2025, but that improvement coincided with FY2025 financing cash flow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Innventure, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Innventure, Inc.'s reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 13/100.
Innventure, Inc.'s revenue surged 84.1% year-over-year to $2.1M, reflecting rapid business expansion. This strong growth earns a score of 97/100.
Innventure, Inc. carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Innventure, Inc.'s current ratio of 1.09 is below the typical benchmark, resulting in a score of 23/100. However, the company holds substantial cash reserves (79% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Innventure, Inc.'s reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Innventure, Inc. posts a -143.6% return on equity (ROE), meaning it loses $144 for every $100 of shareholders' equity. This results in a returns score of 21/100.
Innventure, Inc. scores -3.37, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($23.4M) relative to total liabilities ($395.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Innventure, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Innventure, Inc. reported a net loss of $293.3M while operations used $80.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Innventure, Inc. reported an operating loss of $464.7M against $10.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Innventure, Inc. generated $953K in revenue in Q2 2026. This represents an increase of 100.2% from the same quarter a year earlier. Against the prior quarter it is down 34.0%.
Innventure, Inc.'s EBITDA was -$25.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 81.1% from the same quarter a year earlier. Against the prior quarter it is down 19.4%.
Innventure, Inc. reported -$26.5M in net income in Q2 2026. This represents an increase of 68.5% from the same quarter a year earlier. Against the prior quarter it is down 27.4%.
Innventure, Inc. earned -$0.32 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 18.5%.
Cash & Balance Sheet
Innventure, Inc. recorded an outflow of $25.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 16.3% from the same quarter a year earlier. Against the prior quarter it is up 26.4%.
Innventure, Inc. held $41.5M in cash against $5.9M in long-term debt as of Q2 2026, with $59.8M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
Innventure, Inc.'s ROE was -12.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 26.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.1 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Innventure, Inc. invested $9.8M in research and development in Q2 2026. This represents an increase of 61.2% from the same quarter a year earlier. Against the prior quarter it is up 24.7%.
Innventure, Inc. invested $228K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1420.0% from the same quarter a year earlier. Against the prior quarter it is down 73.0%.
Not reported for Q2 2026.
INV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $953K+100.2% | $1.4M+544.2% | $822K+80.3% | $534K+68.5% | $476K+113.5% | $224K0.0% | $456K | $317K+15.7% |
| Cost of Revenue | $5.1M+77.3% | $5.3M+2754.9% | $11.6M+210.2% | $4.1M+433.7% | $2.9M | $184K | $3.8M | $777K |
| Gross Profit | -$4.1M-72.7% | -$3.8M-9625.0% | -$10.8M-228.2% | -$3.6M-685.4% | -$2.4M-1169.5% | $40K-82.1% | -$3.3M | -$460K-267.9% |
| R&D Expenses | $9.8M+61.2% | $7.8M+25.4% | $6.6M+22.7% | $6.2M+142.8% | $6.1M+244.0% | $6.3M+274.7% | $5.3M | $2.5M+104.3% |
| SG&A Expenses | $14.5M-21.9% | $12.8M-35.2% | $11.5M-61.1% | $16.9M+87.0% | $18.6M+121.6% | $19.7M+148.9% | $29.7M | $9.1M+123.3% |
| Operating Income | -$31.5M+77.9% | -$27.3M+89.5% | -$31.7M+21.3% | -$29.2M-113.6% | -$142.6M-1163.3% | -$261.2M-2380.0% | -$40.3M | -$13.7M-139.2% |
| EBITDA | -$25.8M+81.1% | -$21.6M+91.5% | -$26.0M+25.3% | -$23.6M-73.3% | -$136.9M-1120.3% | -$255.7M-2328.7% | -$34.8M | -$13.6M-137.9% |
| Interest Expense | $1.1M-62.3% | $1.5M-16.4% | $2.0M+52.6% | $3.5M+261.1% | $2.9M+2866.7% | $1.8M+258.9% | $1.3M | $971K+156.2% |
| Income Tax | -$1.5M+31.6% | -$3.0M-117.2% | -$6.3M-90.8% | -$3.6M | -$2.2M | -$1.4M | -$3.3M | $0 |
| Net Income | -$26.5M+68.5% | -$20.8M+85.5% | -$37.8M+38.9% | -$28.3M-1181.4% | -$84.2M-1055.7% | -$143.0M-2639.9% | -$61.8M | -$2.2M+88.3% |
| EPS (Basic) | -$0.32+80.0% | -$0.27+91.3% | -$0.43+69.5% | -$0.51+45.7% | -$1.60 | -$3.10 | -$1.41 | -$0.94-11.9% |
| EPS (Diluted) | -$0.32 | -$0.27 | -$0.43 | -$0.51 | -$1.60 | -$3.10 | -$1.41 | -$0.94 |
| Diluted Shares (Avg) | 83M | 78M | N/A | 56M | 53M | 46M | 44M | 11M |
INV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $574.7M+3.4% | $591.5M-10.4% | $599.2M-33.8% | $556.5M+898.6% | $556.0M | $660.4M | $905.3M+4098.1% | $55.7M |
| Current Assets | $71.4M+238.1% | $81.8M+695.6% | $83.2M+242.4% | $32.3M+52.0% | $21.1M | $10.3M | $24.3M+328.8% | $21.2M |
| Cash & Equivalents | $41.5M+496.5% | $55.4M+3926.7% | $60.4M+443.7% | $9.1M-44.4% | $7.0M+234.7% | $1.4M-36.3% | $11.1M+331.8% | $16.3M+293.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.0M-54.8% | $1.6M-70.1% | $1.6M-69.0% | $6.4M+126.8% | $6.6M | $5.2M | $5.2M | $2.8M |
| Accounts Receivable | $2.1M+135.2% | $840K+254.4% | $1.1M+286.6% | $1.6M | $901K | $237K | $283K | N/A |
| Long-Term Investments | $26.6M-17.8% | $27.5M-18.4% | $28.7M0.0% | $31.2M-3.6% | $32.4M | $33.7M | $28.7M+102.8% | $32.4M |
| Goodwill | $323.5M0.0% | $323.5M-25.9% | $323.5M-51.6% | $323.5M | $323.5M | $436.8M | $667.9M | N/A |
| Total Liabilities | $362.0M+7.3% | $368.0M-7.7% | $395.0M-17.7% | $365.7M+368.7% | $337.4M | $398.9M | $479.8M+1053.1% | $78.0M |
| Current Liabilities | $59.8M-17.4% | $59.8M+26.5% | $76.3M+10.0% | $82.5M+98.3% | $72.3M | $47.3M | $69.3M+749.0% | $41.6M |
| Non-Current Liabilities | $302.2M+14.0% | $308.2M-12.3% | $318.7M-22.3% | $283.3M+677.4% | $265.1M | $351.6M | $410.4M+1127.3% | $36.4M |
| Long-Term Debt | $5.9M-64.7% | $6.9M-43.8% | $8.3M-39.0% | $29.5M+10366.0% | $16.8M | $12.3M | $13.7M+148.3% | $282K |
| Total Equity | $212.7M-2.7% | $223.4M-14.6% | $204.2M-52.0% | $190.8M+955.2% | $218.6M+1967.6% | $261.5M+2586.0% | $425.5M+2222.8% | -$22.3M-24.2% |
| Retained Earnings | -$418.9M-37.1% | -$392.4M-77.3% | -$371.6M-374.8% | -$333.8M-267.1% | -$305.5M | -$221.3M | -$78.3M-21.7% | -$91.0M |
INV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.4M-15.3% | -$34.0M-131.6% | -$24.4M+16.6% | -$19.6M-696.7% | -$22.1M-145.3% | -$14.7M-98.7% | -$29.2M-298.0% | -$2.5M |
| Depreciation & Amortization | $5.7M+0.5% | $5.7M+2.2% | $5.7M+4.2% | $5.6M+7222.1% | $5.6M+8703.1% | $5.5M+92366.7% | $5.5M+68087.5% | $77K |
| Stock-Based Compensation | N/A | $4.8M-17.3% | N/A | N/A | N/A | $5.8M+1375.0% | $16.3M | N/A |
| Capital Expenditures | $228K+1420.0% | $846K-7.7% | $46K-82.7% | $439K+1363.3% | $15K-77.3% | $917K+43.3% | $266K-43.6% | $30K |
| Free Cash Flow | -$25.7M-16.3% | -$34.9M-123.4% | -$24.4M+17.2% | -$20.0M-704.7% | -$22.1M-143.6% | -$15.6M-94.3% | -$29.5M-277.4% | -$2.5M |
| Investing Cash Flow | -$228K+40.9% | -$846K+74.0% | -$46K-100.7% | -$439K+72.2% | -$386K+67.8% | -$3.3M-2.3% | $6.8M+322.1% | -$1.6M |
| Financing Cash Flow | $11.8M-64.2% | $29.8M+263.1% | $75.8M+126.5% | $22.1M+21.7% | $33.0M+226.6% | $8.2M-19.2% | $33.5M+278.2% | $18.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $26K | $663K | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
INV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -432.3% | -264.0% | -1315.8% | -676.6% | -501.1% | 17.9%-82.1pp | -722.8% | -145.1% |
| Operating Margin | -3304.1% | -1891.7% | -3859.1% | -5469.1% | -29952.5% | -116606.3% | -8837.1% | -4313.6% |
| Net Margin | -2781.0% | -1441.8% | -4593.8% | -5305.6% | -17694.8% | -63837.9% | -13542.5% | -697.5% |
| Return on Equity | -12.5%+26.1pp | -9.3%+45.4pp | -18.5%-4.0pp | -14.8% | -38.5% | -54.7% | -14.5% | N/A |
| Return on Assets | -4.6%+10.5pp | -3.5%+18.1pp | -6.3%+0.5pp | -5.1%-1.1pp | -15.2% | -21.6% | -6.8% | -4.0% |
| Current Ratio | 1.20+0.9x | 1.37+1.1x | 1.09+0.7x | 0.39-0.1x | 0.29 | 0.22 | 0.35-0.3x | 0.51 |
| Debt-to-Equity | 0.030.0x | 0.030.0x | 0.040.0x | 0.15 | 0.08 | 0.05 | 0.03 | N/A |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | 0.00 | 0.00 | 0.01 |
| FCF Margin | -2692.9% | -2417.0% | -2968.5% | -3747.8% | -4637.2% | -6970.1% | -6464.9% | -784.5% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Where Innventure, Inc. Ranks
Frequently Asked Questions
What is Innventure, Inc.'s annual revenue?
Innventure, Inc. (INV) reported $2.1M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Innventure, Inc. profitable?
No, Innventure, Inc. (INV) reported a net income of -$293.3M in fiscal year 2025.
What is Innventure, Inc.'s EBITDA?
Innventure, Inc. (INV) had EBITDA of -$442.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Innventure, Inc. have?
As of fiscal year 2025, Innventure, Inc. (INV) had $60.4M in cash and equivalents against $8.3M in long-term debt.
What is Innventure, Inc.'s return on equity (ROE)?
Innventure, Inc. (INV) has a return on equity of -143.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Innventure, Inc.'s free cash flow?
Innventure, Inc. (INV) recorded an outflow of $82.1M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Innventure, Inc.'s operating cash flow?
Innventure, Inc. (INV) recorded an outflow of $80.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Innventure, Inc.'s total assets?
Innventure, Inc. (INV) had $599.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Innventure, Inc.'s capital expenditures?
Innventure, Inc. (INV) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Innventure, Inc. spend on research and development?
Innventure, Inc. (INV) invested $25.0M in research and development during fiscal year 2025.
What is Innventure, Inc.'s current ratio?
Innventure, Inc. (INV) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.
What is Innventure, Inc.'s debt-to-equity ratio?
Innventure, Inc. (INV) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Innventure, Inc.'s return on assets (ROA)?
Innventure, Inc. (INV) had a return on assets of -48.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Innventure, Inc.'s P/E ratio?
Innventure, Inc. (INV) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $23.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Innventure, Inc.'s price-to-sales ratio?
Innventure, Inc. (INV) trades at 6.2x sales, its market capitalization divided by revenue of $3.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $23.4M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Innventure, Inc.'s Altman Z-Score?
Innventure, Inc. (INV) has an Altman Z-Score of -3.37, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Innventure, Inc.'s Piotroski F-Score?
Innventure, Inc. (INV) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Innventure, Inc.'s earnings high quality?
Innventure, Inc. (INV) reported a net loss of $293.3M while operations used $80.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Innventure, Inc. cover its interest payments?
Innventure, Inc. (INV) reported an operating loss of $464.7M against $10.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Innventure, Inc.?
Innventure, Inc. (INV) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.