Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 74

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 74
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 classified as available for sale.

Reclassification of realized gain on conversion of available for sale investments

Reclassification of realized gain on conversion of available for sale investments was $1,507 for the six months ended June 30, 2025 (Successor) and nil for the six months ended June 30, 2024 (Predecessor), an increase of $1,507. The increase was due to the partial conversion of the AeroFlexx investment in debt securities resulting in a realized gain during the six months ended June 30, 2025 (Successor).

Loss attributable to Non-redeemable non-controlling interest

Loss attributable to non-redeemable non-controlling interests was $167,725 for the six months ended June 30, 2025 (Successor) and $6,333 for the six months ended June 30, 2024 (Predecessor), an increase of $161,392, or 2,548.4%. This was due to the increase in the Technology segment net loss as a result of goodwill impairment during the six months ended June 30, 2025 (Successor) as compared to the six months ended June 30, 2024 (Predecessor).

43

Comparison of the three months ended June 30, 2025 and June 30, 2024: 

SuccessorPredecessorThree months ended June 30, 2025Three months ended June 30, 2024Change($)($)($)(%)Revenue$476 $223 $253 113.5 %Operating ExpensesCost of sales2,861 — 2,861 nm*General and administrative18,569 8,379 10,190 121.6 %Sales and marketing2,208 1,366 842 61.6 %Research and development6,068 1,764 4,304 244.0 %Goodwill impairment113,344 — 113,344 nm*Total Operating Expenses143,050 11,509 131,541 1,142.9 %Loss from Operations(142,574)(11,286)(131,288)1,163.3 %Non-operating (Expense) and IncomeInterest expense, net(2,647)(43)(2,604)6,055.8 %Net gain (loss) on investments— (790)790 (100.0)%Net gain (