Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 70

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 70
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 September 30, 2025 (Successor) and $11,762 for the nine months ended September 30, 2024 (Predecessor), an increase of $162,366, or 1,380.4%. This was due to the increase in the Technology segment net loss as a result of goodwill impairment during the nine months ended September 30, 2025 (Successor) as compared to the nine months ended September 30, 2024 (Predecessor).

44

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

SuccessorPredecessorThree months ended September 30, 2025Three months ended September 30, 2024Change($)($)($)(%)Revenue$534 $317 $217 68.5 %Operating ExpensesCost of sales4,147 777 3,370 433.7 %General and administrative16,927 9,052 7,875 87.0 %Sales and marketing2,514 1,629 885 54.3 %Research and development6,151 2,533 3,618 142.8 %Total Operating Expenses29,739 13,991 15,748 112.6 %Loss from Operations(29,205)(13,674)(15,531)113.6 %Non-operating (Expense) and IncomeInterest expense, net(3,401)(852)(2,549)299.2 %Net gain on investments— 7,148 (7,148)(100.0)%Net loss on investments – due to related parties— (308)308 (100.0)%Change in fair value of financial liabilities(4,109)— (4,109)nm*Equity method investment (loss) income(1,602)109 (1,711)(1,569.7)%Miscellaneous other expense(21)(64)43 (67.2)%Total Non-operating (Expense) Income(9,133)6,033 (15,166)(251.4)%Income tax benefit(3,603)— (3,603)nm*Net Loss(34,735)(7,641)(27,094)354.6 %Less: net loss attributable toNon-controlling interest(6,403)(5,430)(973)17.9 %Net Loss