INV revenueQ2 2026$953.0K
- Quarter YoY
- +100.2%
- QoQ
- -34.0%
INV revenue was $953.0K in fiscal Q2 2026 (ended Jun 30, 2026), up 100.2% from a year earlier and down 34.0% from the prior quarter. For the full fiscal 2025 it was $2.06M.
Innventure Inc. (INV) financials
For the twelve months ended Jun 30, 2026, Innventure Inc. reported $3.75M of revenue and -$120.38M of net income.
- Revenue, TTM
- $3.75M
- Revenue growth, YoY
- +154.7%
- Net income, TTM
- -$120.38M
- Net margin
- -3208.4%
- Free cash flow, TTM
- -$104.95M
- Cash
- $41.54M
- Total debt
- $5.91M
- P/S
- 3.20
- Market cap
- $12.0M
FY2023FY2025
FY2023FY2025
FY2023FY2025
INV revenue and earnings growth
INV net incomeQ2 2026-$26.50M
INV net income was -$26.50M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$84.23M a year earlier. For the full fiscal 2025 it was -$293.32M.
INV EPSQ2 2026-$0.32
INV diluted EPS was -$0.32 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$5.39.
INV free cash flowQ2 2026-$25.66M
INV free cash flow was -$25.66M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$22.07M a year earlier. For the full fiscal 2025 it was -$82.10M.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2023 |
|---|---|---|
| Revenue | $2.06M | $1.12M |
| Cost of revenue | $18.83M | $0 |
| Gross profit | -$16.77M | $1.12M |
| Research and development | $25.02M | $4.00M |
| Selling, general and admin | $66.71M | $17.59M |
| Operating income | -$464.70M | -$23.68M |
| Interest expense | $10.23M | $1.37M |
| Pre-tax income | -$488.83M | -$30.98M |
| Income tax | -$13.48M | $0 |
| Net income | -$293.32M | -$30.84M |
| EPS, basic | -$5.39 | - |
| EPS, diluted | -$5.39 | - |
| Diluted shares | 54.4M | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2023 |
|---|---|---|
| Cash and equivalents | $60.45M | $2.58M |
| Receivables | $1.09M | $0 |
| Inventory | $1.60M | $0 |
| Current assets | $83.15M | $5.66M |
| Goodwill | $323.46M | $0 |
| Total assets | $599.19M | $21.56M |
| Current liabilities | $76.28M | $8.17M |
| Long-term debt | $8.33M | $5.50M |
| Total debt | $8.33M | $5.50M |
| Total liabilities | $115.51M | $29.42M |
| Shareholders' equity | $204.21M | -$18.49M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2023 |
|---|---|---|
| Operating cash flow | -$80.68M | -$19.48M |
| Capital expenditures | $1.42M | $645.0K |
| Free cash flow | -$82.10M | -$20.12M |
| Investing cash flow | -$4.13M | -$4.67M |
| Financing cash flow | $139.14M | $19.17M |
| Dividends paid | - | $241.0K |
| Stock-based compensation | $27.87M | $910.0K |
| Depreciation and amortization | $22.51M | $8.0K |
Key ratios
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $953.0K | $1.44M | $822.0K | $534.0K | $476.0K | $224.0K | $456.0K | $317.0K | $223.0K | $224.0K | $224.0K | $274.0K |
| Cost of revenue | $5.07M | $5.25M | $11.64M | $4.15M | $2.86M | $184.0K | $3.75M | $777.0K | $0 | $0 | $0 | $0 |
| Gross profit | -$4.12M | -$3.81M | -$10.82M | -$3.61M | -$2.38M | $40.0K | -$3.30M | -$460.0K | $223.0K | $224.0K | $224.0K | $274.0K |
| Research and development | $9.78M | $7.84M | $6.55M | $6.15M | $6.07M | $6.25M | $5.34M | $2.53M | $1.76M | $1.67M | $1.18M | $1.24M |
| Selling, general and admin | $14.50M | $12.75M | $11.54M | $16.93M | $18.57M | $19.68M | $29.65M | $9.05M | $8.38M | $7.90M | $7.71M | $4.05M |
| Operating income | -$31.49M | -$27.30M | -$31.72M | -$29.20M | -$142.57M | -$261.20M | -$40.30M | -$13.67M | -$11.29M | -$10.53M | -$9.97M | -$5.72M |
| Interest expense | $1.11M | $1.47M | $2.34M | $3.51M | $2.94M | $1.76M | $1.33M | $971.0K | $99.0K | $491.0K | $472.0K | $379.0K |
| Pre-tax income | -$36.43M | -$30.82M | -$51.93M | -$38.34M | -$143.50M | -$255.07M | -$73.38M | -$7.64M | -$11.31M | -$7.53M | - | - |
| Income tax | -$1.52M | -$3.04M | -$6.26M | -$3.60M | -$2.22M | -$1.40M | -$3.28M | $0 | $0 | $0 | $0 | $0 |
| Net income | -$26.50M | -$27.78M | -$37.76M | -$28.33M | -$84.23M | -$253.67M | -$61.75M | -$2.21M | -$11.31M | -$7.53M | -$12.99M | -$18.87M |
| EPS, basic | -$0.32 | -$0.27 | - | -$0.51 | -$1.60 | -$3.10 | -$1.41 | -$0.94 | - | - | - | -$0.84 |
| EPS, diluted | -$0.32 | -$0.27 | - | -$0.51 | -$1.60 | -$3.10 | -$1.41 | -$0.94 | - | - | - | - |
| Diluted shares | 83.1M | 77.8M | - | 55.8M | 52.5M | 46.3M | 44.0M | 10.9M | - | - | - | - |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $41.54M | $55.37M | $60.45M | $9.06M | $11.96M | $1.38M | $11.12M | $16.30M | $2.08M | $2.16M | $2.58M | $4.14M |
| Receivables | $2.12M | $840.0K | $1.09M | $1.57M | $901.0K | $237.0K | $283.0K | - | - | - | $0 | - |
| Inventory | $2.99M | $1.56M | $1.60M | $6.40M | $6.62M | $5.22M | $5.18M | $2.82M | - | - | $0 | - |
| Current assets | $71.44M | $81.82M | $83.15M | $32.25M | $21.13M | $10.29M | $24.29M | $21.21M | - | - | $5.66M | - |
| Goodwill | $323.46M | $323.46M | $323.46M | $323.46M | $323.46M | $436.81M | $667.94M | - | - | - | $0 | - |
| Total assets | $574.70M | $591.48M | $599.19M | $556.51M | $555.99M | $660.42M | $905.29M | $55.73M | - | - | $21.56M | - |
| Current liabilities | $59.77M | $59.85M | $76.28M | $82.48M | $72.32M | $47.32M | $69.35M | $41.60M | - | - | $8.17M | - |
| Long-term debt | $5.91M | $6.94M | $8.33M | $29.51M | $16.75M | $12.35M | $13.65M | $282.0K | - | - | $5.50M | - |
| Total debt | $5.91M | $6.94M | $8.33M | $29.51M | $16.75M | $12.35M | $13.65M | $282.0K | - | - | $5.50M | - |
| Total liabilities | $91.88M | $93.33M | $115.51M | $149.94M | $129.93M | $105.95M | $139.00M | $55.46M | - | - | $29.42M | - |
| Shareholders' equity | $212.69M | $498.15M | $204.21M | $190.77M | $426.06M | $525.75M | $766.29M | -$22.31M | -$11.70M | -$10.52M | -$18.49M | -$17.96M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.43M | -$34.03M | -$24.36M | -$19.57M | -$22.06M | -$14.70M | -$29.21M | -$2.26M | -$8.99M | -$7.40M | -$7.34M | - |
| Capital expenditures | $228.0K | $846.0K | $46.0K | $439.0K | $15.0K | $917.0K | $266.0K | $30.0K | $66.0K | $640.0K | $472.0K | - |
| Free cash flow | -$25.66M | -$34.88M | -$24.40M | -$20.01M | -$22.07M | -$15.61M | -$29.48M | -$2.29M | -$9.06M | -$8.04M | -$7.81M | - |
| Investing cash flow | -$228.0K | -$846.0K | -$46.0K | -$439.0K | -$386.0K | -$3.25M | $6.82M | -$1.45M | -$1.20M | -$3.18M | -$3.07M | - |
| Financing cash flow | $11.84M | $29.80M | $75.79M | $22.11M | $33.03M | $8.21M | $33.47M | $17.92M | $10.12M | $10.16M | $8.85M | - |
| Dividends paid | - | - | - | - | - | $26.0K | $663.0K | - | - | $0 | - | - |
| Stock-based compensation | $5.48M | $4.83M | $4.90M | $7.72M | $9.41M | $5.84M | $16.34M | $367.0K | $293.0K | $396.0K | $277.0K | - |
| Depreciation and amortization | $5.66M | $5.67M | $5.68M | $5.64M | $5.63M | $5.55M | $5.46M | $77.0K | $64.0K | $6.0K | $8.0K | $0 |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 100.2% | 544.2% | 80.3% | 68.5% | 113.5% | 0.0% | 103.6% | 15.7% | - | - | - | - |
| Gross margin | -432.3% | -264.0% | -1315.8% | -676.6% | -501.1% | 17.9% | -722.8% | -145.1% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | -3304.1% | -1891.7% | -3859.1% | -5469.1% | -29952.5% | -116606.3% | -8837.1% | -4313.6% | -5061.0% | -4701.8% | -4450.9% | -2086.1% |
| Net margin | -2781.0% | -1925.4% | -4593.8% | -5305.6% | -17694.7% | -113247.3% | -13542.5% | -697.5% | -5073.5% | -3359.8% | -5801.3% | -6887.2% |
| Free cash flow margin | -2692.9% | -2417.0% | -2968.5% | -3747.8% | -4637.2% | -6970.1% | -6464.9% | -721.1% | -4062.8% | -3587.9% | -3487.5% | - |
| Current ratio | 1.20 | 1.37 | 1.09 | 0.39 | 0.29 | 0.22 | 0.35 | 0.51 | - | - | 0.69 | - |
| Debt to equity | 0.03 | 0.01 | 0.04 | 0.15 | 0.04 | 0.02 | 0.02 | - | - | - | - | - |
Source: XBRL data Innventure Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
INV peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| INV | $3.75M | +154.7% | -$120.38M | -3208.4% | $12.0M |
| TACO | $11.6K | - | $9.36M | 80937.6% | $382.6M |
| PRE | $30.62M | +40.8% | -$46.30M | -151.2% | $270.0M |
| OXSQ | - | - | -$32.87M | - | $105.7M |
| MLEC | $333.61M | -28.5% | -$111.46M | -33.4% | $1.2M |
INV FAQ
7 questionsWhat is INV revenue?
Innventure Inc. (INV) reported $3.75M of revenue for the twelve months ended Jun 30, 2026. That is up 154.7% from the year before. Revenue for fiscal 2025 was $2.06M.Is INV profitable?
No. Innventure Inc. reported a net loss of $120.38M for the twelve months ended Jun 30, 2026.How much cash and debt does INV have?
Innventure Inc. reported $41.54M in cash and cash equivalents and $5.91M of debt on its most recent balance sheet in SEC filings.What is INV gross margin?
Innventure Inc.'s gross profit was -$22.36M on $3.75M of revenue for the twelve months ended Jun 30, 2026, a gross margin of -595.9%.What is INV free cash flow?
Innventure Inc. generated -$104.95M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$103.39M less capital expenditures.When did INV last report financial results?
The latest statements here come from Innventure Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.Where does this INV financial data come from?
Quantisnow builds these statements from the structured XBRL data Innventure Inc. files with the SEC. It is provided for information only and is not investment advice.