Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 68

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 68
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 30, 2024 (labeled “Predecessor”) and (2) three and six months ended June 30, 2025 (labeled “Successor”).

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

39

SuccessorPredecessorSix months ended June 30, 2025Six months ended June 30, 2024Change($)($)($)(%)Revenue$700 $447 $253 56.6 %Operating ExpensesCost of sales3,045 — 3,045 nm*General and administrative38,245 16,283 21,962 134.9 %Sales and marketing4,304 2,549 1,755 68.9 %Research and development12,321 3,433 8,888 258.9 %Goodwill impairment346,557 — 346,557 nm*Total Operating Expenses404,472 22,265 382,207 1,716.6 %Loss from Operations(403,772)(21,818)(381,954)1,750.6 %Non-operating (Expense) and IncomeInterest expense, net(4,185)(448)(3,737)834.2 %Net gain (loss) on investments— 4,399 (4,399)(100.0)%Net gain (loss) on investments – due to related parties— (160)160 (100.0)%Change in fair value of financial liabilities23,605 (478)24,083 (5,038.3)%Equity method investment (loss) income(8,680)784 (9,464)(1,207.1)%Realized gain on conversion of available for sale investment1,507 — 1,507 nm*Loss on extinguishment of related party debt(3,538)— (3,538)nm*Loss on extinguishment of debt(3,462)— (3,462)nm*Loss on conversion of promissory notes— (1,119)1,119 (100.0)%Miscellaneous other expense(43)— (43)nm*Total Non-operating (Expense) Income5,204 2,978 2,226 74.7 %Income tax benefit(3,619)— (3,619)nm*Net