Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 48

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 48
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nventure, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements(Unaudited) (in thousands, except share or per share data)

sensitive to the general downward volatility experienced in the stock market in late February 2025 through April 2025. The Company’s stock price had not yet recovered as of June 30, 2025. The Company’s June 30, 2025 and March 31, 2025 goodwill impairment testing was performed using the income approach via a discounted cash flow model. The income approach estimates fair value by converting future cash flows to a current amount on the measurement date after taking into consideration marketplace conditions. Assumptions including discount rate and estimated future cash flows had a significant impact to the estimated fair value of the reporting unit. These fair values are Level 3 assets in the fair value hierarchy. In the event there are further adverse changes in the Company’s projected cash flows or further changes in key assumptions, including but not limited to an increase in the discount rate and further decline in the Company’s stock price, the Company may be required to record additional non-cash impairment charges to goodwill. Such non-cash charges could have a material adverse effect on the Company’s condensed consolidated statements of operations and comprehensive income (loss) and condensed consolidated balance sheets in the reporting period of the charge. Other intangible assets, netJune 30, 2025December 31, 2024Intangible AssetWeighted-Average Amortization Period Remaining (Years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountTrade names15.317,800 (833)16,967 17,800 $(277)$17,523 Customer relationships2.34,600 (1,149)3,451 4,600 $(382)$4,218 Developed technology 8.5165,100 (14,198)150,902 165,100 $(4,718)$160,382 Other finite-lived intangible assets2.430 (5)25 30 — $30 Total intangible assets$187,530 $(16,185)$171,345 $187,530 $(5,377)$182,153 Amortization expense of $5,405 and $10,808 was recognized for the three and six months ended June 30, 2025 (Successor