Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 20

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 20
---
Table of ContentsPart I. Financial InformationInnventure, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(in thousands, except share and per share amounts)

June 30, 2025  (Unaudited)December 31, 2024AssetsCash and cash equivalents$6,965 $11,119 Accounts receivable, net901 283 Due from related parties4,188 4,536 Inventories, net6,620 5,178 Prepaid expenses and other current assets2,455 3,170 Total Current Assets  21,129 24,286 Restricted cash5,000 — Investments32,424 28,734 Property, plant and equipment, net1,972 1,414 Intangible assets, net171,345 182,153 Goodwill323,463 667,936 Other assets652 766 Total Assets  $555,985 $905,289 Liabilities and Stockholders' DeficitAccounts payable$3,710 $3,248 Accrued employee benefits10,603 9,273 Accrued expenses2,594 2,478 Contract liabilities690 — Related party notes payable - current— 14,000 Notes payable - current27,502 625 Embedded derivative liability1,796 — Patent installment payable - current700 1,225 Obligation to issue equity52 4,158 Warrant liability22,996 34,023 Income taxes payable292 — Related party convertible promissory notes - current1,002 — Other current liabilities380 317 Total Current Liabilities 72,317 69,347 Notes payable, net of current portion11,304 13,654 Term convertible notes, net of current portion2,451 — Related party convertible promissory notes, net of current portion3,000 — Earnout liability4,370 14,752 Stock-based compensation liability474 1,160 Patent installment payable, net of current portion12,375 12,375 Deferred income taxes23,458 27,353 Other liabilities176 355 Total Liabilities 129,925 138,996 Commitments and Contingencies (Note 16)Stockholders' EquityPreferred stock, $0.0001 par value, 25,000,000