Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 142

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 142
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2024 through October 1, 2024 and the Predecessor year ended December 31, 2023, as the amounts were probable of significant reversal given the consideration is highly susceptible to factors outside the Company's influence. Cumulative carried interest allocation amounts that are subject to restraint and as such are not yet recognized were $11,282 and $5,880 as of December 31, 2024 and 2023, respectively. The Company also provides management services to AeroFlexx, which do not have a carried interest feature. The following table represents the breakout of revenue by source: Successor Predecessor October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024 Year ended December 31, 2023 Product revenue $ 233 $ 95 $ — Management fees - related party 223 669 892 Consulting revenue — — 225 Total revenue $ 456 $ 764 $ 1,117 The following table represents major customer concentration of revenue: Successor Predecessor October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024 Year ended December 31, 2023 Customer A - Related Party ......................................................... 43.0 % 77.0 % 70.7 % Customer B - Related Party ......................................................... 5.9 % 10.6 % 9.2 % Customer C .................................................................................. — % — % 20.1 % Customer D .................................................................................. — % 12.4 % — % Customer E ................................................................................... 48.9 % — % — % Total Revenue Concentration of Major Customers ............... 97.8 % 100.0 % 100.0 % Table of Contents Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) 102

Note 16. Income Taxes The Company is subject to federal and state income taxes with respect to any income or loss generated as well as the allocable share of any taxable income or loss of Innventure LLC and other partnership subsidiaries. The partnership subsidiaries within the consolidated group generally do not pay income taxes in most jurisdictions. Instead, taxable income or loss of the partnership subsidiaries is passed through to its members, including the Company. The partnership subsidiaries are liable for income taxes in those states not recognizing its pass-through status and for certain of its subsidiaries