Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 80

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 80
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 provides a reconciliation from Net Loss to EBITDA and Adjusted EBITDA for the specified periods:

Three months endedSix months endedJune 30, 2025(Successor)June 30, 2024(Predecessor)June 30, 2025(Successor)June 30, 2024(Predecessor)Net loss$(141,275)$(11,314)$(394,949)$(18,840)Interest expense, net(1)2,647 43 4,185 448 Depreciation and amortization expense5,634 64 11,182 69 Income tax benefit(2,220)— (3,619)— EBITDA(135,214)(11,207)(383,201)(18,323)Transaction and other related costs(2)— 2,769 — 6,041 Change in fair value of financial liabilities(3)(7,176)— (23,605)478 Stock-based compensation(4)9,406 293 15,247 689 Goodwill impairment(5)113,344 — 346,557 — Loss on extinguishment of debt(6)3,462 — 3,462 — Loss on extinguishment of related party debt(7)— — 3,538 — Loss on conversion of promissory notes— — — 1,119 Adjusted EBITDA$(16,178)$(8,145)$(38,002)$(9,996)

(1) Interest Expense, net, includes interest incurred on our various borrowing facilities and the amortization of debt issuance costs. 

(2) Transaction and other related costs – For the three and six months ended June 30, 2024 (Predecessor), this is comprised of consulting, legal, and other professional fees related to the Business Combination.

(3) Change in fair value of financial liabilities – For the three and six months ended June 30, 2025 (Successor), the change in fair value of financial liabilities primarily consists of the change in fair value of the warrant liability and the earnout liability. For the three and six months ended June 30, 2024 (Predecessor), this is comprised entirely of the change in fair value of the embedded derivative associated with the convertible notes.

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(4) Stock based compensation – For the three and six months ended June