Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 59

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 59
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M for the reportable segment, which may reflect a different presentation than amounts presented elsewhere in the condensed consolidated financial statements. Inter-segment transactions are not eliminated from segment results when management considers those transactions in assessing the results of the Technology segment. Three months endedNine months endedSeptember 30, 2025 (Successor)September 30, 2024 (Predecessor)September 30, 2025 (Successor)September 30, 2024 (Predecessor)Revenue$507 $95 $762 $95 Interest income— 7 4 7 Cost of sales$4,147 $777 $7,192 $777 Employee costs 5,183 2,746 12,987 8,076 Facilities, equipment & supplies 206 182 667 582 General and administrative870 113 4,105 398 Outside services 427 431 1,236 842 Research and development3,268 1,368 11,291 2,711 Sales and marketing230 84 662 442 Depreciation expense *162 30 463 99 Interest expense297 73 614 564 Income tax expense (benefit)(3,289)— (7,394)— Goodwill impairment— — 346,557 — Other **1,824 81 2,019 1,831 Total Expenses$13,325 $5,885 $380,399 $16,322 Net Loss$(12,818)$(5,783)$(379,633)$(16,220)* Represents depreciation expense not already included in Cost of sales. ** Other  - change in fair value of embedded derivative liability, loss on conversion of promissory note, travel and other miscellaneous expenses.

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Table of ContentsInnventure, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements(Unaudited) (in thousands, except share or per share data)

The following table reconciles the reportable segment to amounts reflected in our condensed consolidated financial statements. Three months endedNine months endedSeptember 30, 2025 (Successor)September 30, 2024 (Predecessor)September 30, 2025 (Successor)September 30, 2024 (Predecessor)Revenues:Technology$507 $95 $762 $95 Other