Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 12

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 12
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Table of ContentsPart I. Financial InformationInnventure, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(in thousands, except share and per share amounts)

September 30, 2025  (Unaudited)December 31, 2024AssetsCash and cash equivalents$9,061 $11,119 Restricted cash5,000 — Accounts receivable, net1,569 283 Due from related parties7,511 4,536 Inventories, net6,404 5,178 Prepaid expenses and other current assets2,705 3,170 Total Current Assets  32,250 24,286 Investments31,207 28,734 Property, plant and equipment, net2,176 1,414 Intangible assets, net165,941 182,153 Goodwill323,463 667,936 Other assets1,478 766 Total Assets  $556,515 $905,289 Liabilities and Stockholders' EquityAccounts payable$856 $3,248 Accrued employee benefits12,189 9,273 Accrued expenses3,225 2,478 Contract liabilities776 — Related party notes payable - current— 14,000 Notes payable - current34,398 625 Embedded derivative liability1,677 — Patent installment payable - current700 1,225 Obligation to issue equity2,239 4,158 Warrant liability22,742 34,023 Income taxes payable930 — Related party convertible promissory notes - current2,085 — Other current liabilities660 317 Total Current Liabilities 82,477 69,347 Notes payable, net of current portion10,101 13,654 Term convertible notes, net of current portion15,024 — Related party convertible promissory notes, net of current portion4,389 — Earnout liability5,460 14,752 Stock-based compensation liability237 1,160 Patent installment payable, net of current portion12,375 12,375 Deferred income taxes19,213 27,353 Other liabilities660 355 Total Liabilities 149,936 138,996 Commitments and Contingencies (Note 16)Stockholders' EquityPreferred stock, $0.0001 par value, 25,