Company: INV
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001628280-25-017614
Chunk: 136

Company: Innventure, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 7
Chunk 136
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 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. 

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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. 

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) PredecessorPeriod from October 2, 2024 through December 31, 2024Period from January 1, 2024 through October 1, 2024Year ended December 31, 2024Year ended December 31, 2023Net Loss(70,093)(28,198)(98,291)(30,984)Interest expense, net(1)11,173 1,300 12,473 1,224 Depreciation and amortization expense5,455 146 5,601 8 Provision for income taxes3,282 (432)2,850 — EBITDA(50,183)(27,184)(77,367)(29,752)Transaction and other related costs(2)2,309 9,414 11,723 3,452 Change in fair value of financial liabilities(3)20,946 478 21,424 (766)Stock based compensation(4)16,338 1,056 17,394 910 Adjusted EBITDA(10,590)(16,236)(26,826)(26,156)

(1) Interest expense, net – For the combined twelve months ended December 31, 2024, interest expense, net includes interest incurred on our various borrowing facilities and the amortization of debt issuance costs. Additional debt issuance cost associated with a loan commitment fee asset in the amount of $10,041 was written off in combined twelve