Company: INV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040379
Chunk: 26

Company: Innventure, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 26
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,494 $6 $525,346 $(305,512)$(1,289)$207,509 $426,060 $— $— 

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)

SuccessorPredecessorSix months ended June 30, 2025Six months ended June 30, 2024Cash Flows Used in Operating ActivitiesNet loss$(394,949)$(18,840)Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:Stock-based compensation15,247 689 Interest income on debt securities - related party(195)— Change in fair value of financial liabilities(23,605)478 Change in fair value of payables due to related parties— 160 Non-cash interest expense on notes payable2,560 352 Net gain on investments— (4,399)Equity method investment gain (loss)8,680 (784)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(3,897)— Depreciation and amortization11,182 69 Goodwill impairment346,557 — Payment of patent installment(525)— Other costs165 123 Changes in operating assets and liabilities:Accounts receivable(618)— Prepaid expenses and other current assets(3,312)(965)Inventory(1,442)(662)Accounts payable315 3,181 Accrued employee benefits1,330 2,803 Accrued expenses42 357 Stock-based compensation liability(686)— Income taxes payable292 — Other current liabilities(78)(72)Contract liabilities690 — Net Cash Used in Operating Activities (36,754)(16,391)Cash Flows Used in Investing ActivitiesInvestment in available-for-sale debt securities - equity method investee(2,708)— Loans to equity method investee— (5,035)Acquisition of property, plant and equipment(932)(706)Proceeds from sale of investments— 1,364 Net