Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 19

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 19
---
)— — — (28)— — September 30, 202533,144 $— 150,000 $— 56,220,158 $6 $525,615 $(333,844)$(1,008)$215,810 $406,579 $— $— 

See accompanying notes to condensed consolidated financial statements.

10

Table of ContentsInnventure, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(Unaudited) (in thousands, except share and per share amounts)

SuccessorPredecessorNine months ended September 30, 2025Nine months ended September 30, 2024Cash Flows Used in Operating ActivitiesNet loss$(429,684)$(26,481)Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:Stock-based compensation22,972 1,056 Interest income on debt securities - related party(299)(110)Change in fair value of financial liabilities(19,496)478 Change in fair value of payables due to related parties— 468 Non-cash interest expense on notes payable5,142 351 Net gain on investments— (11,547)Accrued unpaid interest on note payable220 931 Equity method investment loss (gain)10,282 (893)Realized gain on conversion of available for sale investments(1,507)— Loss on extinguishment of debt3,462 — Loss on extinguishment of related party debt3,538 — Loss on conversion of promissory notes— 1,119 Deferred income taxes(8,141)— Depreciation and amortization16,821 146 Goodwill impairment346,557 — Other costs233 186 Changes in operating assets and liabilities:Accounts receivable(1,286)— Prepaid expenses and other current assets(6,461)(1,605)Inventory(1,226)(2,824)Accounts payable(2,448)4,863 Accrued employee benefits2,491 3,838 Accrued expenses376 674 Stock-based compensation liability(923)— Income taxes payable930 — Liability for future stock issuance2,158 10,870 Other current liabilities(230)(147)Other assets(60)(20)Payment of patent installment(525)— Contract liabilities776 — Net