Company: INV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052035
Chunk: 71

Company: Innventure, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 71
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 Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders(28,332)(2,211)(26,121)1,181.4 %Other comprehensive income (loss), net of taxes:Unrealized gain (loss) on available for sale debt securities - related party281 (2,373)2,654 (111.8)%Total other comprehensive income (loss), net of taxes281 (2,373)2,654 (111.8)%Total comprehensive loss, net of taxes(34,454)(10,014)(24,440)244.1 %Less: comprehensive loss attributable toNon-controlling interest(6,403)(5,430)(973)17.9 %Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders$(28,051)$(4,584)$(23,467)511.9 %

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45

Revenue

Revenue was $534 for the three months ended September 30, 2025 (Successor) and $317 for the three months ended September 30, 2024 (Predecessor), an increase of $217 or 68.5%. The increase was driven by an increase of $412 of product sales in the Technology segment, offset by a decrease of $196 of management fee income.

Cost of sales

Cost of sales was $4,147 for the three months ended September 30, 2025 (Successor) and $777 for the three months ended September 30, 2024 (Predecessor), an increase of $3,370 or 433.7%. The increase relates to the generation of revenue at the Technology segment resulting in an increase in costs related to material costs and supplies amounting to $509, an increase in amortization of intangible assets of $2,047 and an increase of employee costs of $655.

General and administrative

General and administrative expense was $16,927 for the three months ended September 30, 2025 (Successor) and $9,052 for the three months ended September 30, 2024 (Predecessor), an increase of $7,875, or 87.0%. The increase was due to increased stock-based compensation costs of $7,592 and amortization expense resulting from the intangibles acquired in the Business Combination of $661.

Sales and marketing

Sales and marketing expense was