Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 223

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 223
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 |                 — |     |               — |     |               225 |
| Total revenue                   |     |              $456 |     |            $764 |     |            $1,117 |

F-41

TABLE OF CONTENTS

Innventure, Inc. and Subsidiaries Notes to Consolidated Financial Statements (in thousands, except share or per share data) The following table represents major customer concentration of revenue:

|                                                |     | Successor         
 October 2, 2024   
 through           
 December 31, 2024 |     | Predecessor     
 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%            |

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 not taxed as pass-through entities. Through Innventure LLC, the Company acquired ownership interest in various domestic entities taxed as corporations. Where required or allowed, the corporation subsidiaries file and pay tax in a standalone basis for federal and state income