Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 68

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 68
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 future requirements for

capital expenditures and contractual commitments, and changes in or cash requirements for working capital needs.

Adjusted EBITDA also omits significant interest expenses and related cash requirements for interest and payments.

While depreciation and amortization are non-cash charges, the associated assets will often need to be replaced in the

future, and Adjusted EBITDA does not reflect the cash required for such replacements. Additionally, Adjusted

EBITDA does not account for income or other taxes or necessary cash tax payments.

Investors should use caution when comparing our non-GAAP measure to similar metrics used by other

companies, as definitions can vary. Adjusted EBITDA should not be considered in isolation or as a substitute for

GAAP financial measures.

38

In presenting Adjusted EBITDA, we aim to provide investors with an additional tool for assessing the operational performance of our business. It serves as a useful complement to our GAAP results, offering a more comprehensive understanding of our financial health and operational efficiencies. The following table provides a reconciliation from Net Loss to EBITDA and Adjusted EBITDA for the specified periods:

|                                                                      |                                         Successor |     |                                      Predecessor |     |     S/P Combined(Non-GAAP) |     |                Predecessor |
|                                                                      | Period fromOctober 2, 2024throughDecember 31,2024 |     | Period fromJanuary 1, 2024through October1, 2024 |     | Year endedDecember 31,2024 |     | Year endedDecember 31,2023 |
| Net Loss............................................................ |                                           -70,093 |     |                                          -28,198 |     |                    -98,291 |     |                    -30,984 |
| Interest expense, net(1)......................................       |                                            11,173 |     |                                            1,300 |     |                     12,473 |     |                      1,224 |
| Depreciation and amortization expense............                    |                                             5,455 |     |                                              146 |     |                      5,601 |     |                          8 |
| Provision for income taxes...............................            |                                             3,282 |     |                                             -432 |     |                      2,850 |     |                          — |
| EBITDA...........................................................    |                                           -50,183 |     |                                          -27,184 |     |                    -77,367 |     |                    -29,752 |