Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 64

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 64
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 September 30, 2024 (labeled “Predecessor”) and (2) three and nine months ended September 30, 2025 (labeled “Successor”).

Comparison of the nine months ended September 30, 2025 and September 30, 2024: 

SuccessorPredecessorNine months ended September 30, 2025Nine months ended September 30, 2024Change($)($)($)(%)Revenue$1,234 $764 $470 61.5 %Operating ExpensesCost of sales7,192 777 6,415 825.6 %General and administrative55,172 25,323 29,849 117.9 %Goodwill impairment346,557 — 346,557 nm*Sales and marketing6,818 4,178 2,640 63.2 %Research and development18,472 5,978 12,494 209.0 %Total Operating Expenses434,211 36,256 397,955 1,097.6 %Loss from Operations(432,977)(35,492)(397,485)1,119.9 %Non-operating (Expense) and IncomeInterest expense, net(7,586)(1,300)(6,286)483.5 %Net gain on investments— 11,547 (11,547)(100.0)%Net loss on investments – due to related parties— (468)468 (100.0)%Change in fair value of financial liabilities19,496 (478)19,974 (4,178.7)%Equity method investment (loss) income(10,282)893 (11,175)(1,251.4)%Realized gain on conversion of available for sale investment1,507 — 1,507 nm*Loss on extinguishment of debt(3,462)— (3,462)nm*Loss on extinguishment of related party debt(3,538)— (3,538)nm*Loss on conversion of promissory notes— (1,119)1,119 (100.0)%Miscellaneous other expense(64)(64)— — %Total Non-operating (Expense) Income(3,929)9,011 (12,940)(143.6)%Income tax benefit(7,222)— (7,222)nm*