Innventure, Inc. (INV) Income Statement
INV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINV revenue and net income
Where INV's revenue goes
2025Each bar shows an amount and its share of revenue. INV kept −14,266.4% of revenue as net income.
INV profit margins
INV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +68.5% | +29.7% | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | +10.1% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INV quarterly EPS vs estimates
Innventure beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 12, 2026 (estimate $-0.30).
INV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $2.1M | $1.2M | $1.1M | $942,000 | $1.9M |
| Cost of revenue | $41.3M | $4.5M | $0 | $0 | $0 |
| Gross profit | −$39.3M | −$3.3M | $1.1M | $942,000 | $1.9M |
| Research & development | $25.0M | $11.3M | $4.0M | $15.4M | $0 |
| Sales, general & admin | $66.7M | $62.4M | $20.8M | $10.2M | $5.0M |
| Total operating expenses | $78.9M | $73.8M | $24.8M | $25.6M | $5.0M |
| Operating income | −$118.1M | −$77.1M | −$23.7M | −$24.7M | −$3.2M |
| Interest expense | $9.7M | $2.4M | $1.2M | $890,000 | $1.4M |
| Income before taxes | −$488.8M | −$101.1M | −$31.0M | −$32.8M | $6.7M |
| Income taxes | −$13.5M | −$2.9M | — | — | — |
| Net income | −$293.3M | −$78.2M | −$30.8M | −$32.8M | $6.7M |
| EBITDA | −$456.6M | −$93.1M | −$29.8M | −$31.9M | $8.0M |
| EPS (diluted) | $0.76 | −$0.98 | $0.13 | $0.57 | $0.66 |
| Gross margin | −1,910.5% | −271.2% | 100.0% | 100.0% | 100.0% |
| Operating margin | −5,746.2% | −6,317.5% | −2,119.8% | −2,618.8% | −170.2% |
| Net margin | −14,266.4% | −6,409.0% | −2,761.4% | −3,477.4% | 359.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $953,000 | $1.4M | $822,000 | $534,000 | $476,000 | $224,000 | $456,000 | $317,000 | $223,000 | $224,000 | $224,000 | $274,000 |
| Cost of revenue | $5.1M | $5.3M | $6.0M | $9.8M | $2.9M | $184,000 | $3.8M | $777,000 | $0 | $0 | $0 | $0 |
| Gross profit | −$4.1M | −$3.8M | −$5.2M | −$9.3M | −$2.4M | $40,000 | −$3.3M | −$460,000 | $223,000 | $224,000 | $224,000 | $274,000 |
| Research & development | $978,000 | $7.8M | $6.6M | $6.2M | $6.1M | $6.3M | $5.3M | $2.5M | $1.8M | $1.7M | $1.2M | $1.2M |
| Sales, general & admin | $17.6M | $15.6M | $14.4M | $16.9M | $20.8M | $21.8M | $31.7M | $10.7M | $9.7M | $9.1M | $9.0M | $4.8M |
| Total operating expenses | $27.4M | $23.5M | $26.5M | $20.0M | $140.2M | $261.2M | $40.8M | $13.2M | $11.5M | $10.8M | $10.2M | $6.0M |
| Operating income | −$31.5M | −$27.3M | −$31.7M | −$29.2M | −$142.6M | −$261.2M | −$40.3M | −$13.7M | −$11.3M | −$10.5M | −$10.0M | −$5.7M |
| Interest expense | $531,000 | $989,000 | $2.1M | $3.4M | $2.6M | $1.5M | $1.1M | $852,000 | $43,000 | $405,000 | $383,000 | $364,000 |
| Income before taxes | −$36.4M | −$30.8M | −$51.9M | −$38.3M | −$143.5M | −$255.1M | −$73.4M | −$7.6M | −$11.3M | −$7.5M | −$13.0M | −$18.9M |
| Income taxes | −$1.5M | −$10.1M | −$6.3M | −$3.6M | −$2.2M | −$1.4M | — | — | — | — | — | — |
| Net income | −$26.5M | −$20.7M | −$37.8M | −$28.3M | −$84.2M | −$143.0M | −$61.8M | −$2.2M | −$7.3M | −$5.2M | −$13.0M | −$18.9M |
| EBITDA | −$30.2M | −$24.2M | −$44.1M | −$29.3M | −$135.2M | −$248.0M | — | −$6.7M | −$11.3M | −$7.1M | −$12.7M | −$18.6M |
| EPS (diluted) | −$0.32 | −$0.30 | $0.01 | −$0.44 | $0.59 | $0.60 | −$0.69 | $0.02 | −$0.17 | −$0.14 | −$0.12 | $0.08 |
| Gross margin | −432.3% | −264.0% | −629.9% | −1,732.4% | −501.1% | 17.9% | −722.8% | −145.1% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | −3,304.1% | −1,891.7% | −3,859.1% | −5,469.1% | −29,952.5% | −116,606.2% | −8,837.1% | −4,313.6% | −5,061.0% | −4,701.8% | −4,450.9% | −2,086.1% |
| Net margin | −2,781.0% | −1,435.5% | −4,593.8% | −5,305.6% | −17,694.7% | −63,837.9% | −13,542.5% | −697.5% | −3,268.2% | −2,329.9% | −5,801.3% | −6,887.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INV's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INV financial results
In fiscal year 2025 (ended December 31, 2025), Innventure reported revenue of $2.1 million, up 68.5% from the year before. It had a net loss of $293.3 million, a net profit margin of −14,266.4%. Diluted earnings per share came to $0.76.
See the INV stock overview for the latest quote and news, or the INV chart for price history and technical indicators.
INV income statement FAQ
What is Innventure's annual revenue?
Innventure reported total revenue of $2.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 68.5% from $1.2 million the previous year.
Is Innventure profitable?
No. Innventure reported a net loss of $293.3 million in fiscal 2025, a net profit margin of −14,266.4%; its operating margin was −5,746.2%.
What is Innventure's gross margin?
Innventure's gross margin was −1,910.5% in fiscal 2025: for every $100 of revenue, Innventure kept $-1911 after the direct cost of its products and services.
How much does Innventure spend on research and development?
Innventure spent $25.0 million on research and development in fiscal 2025, 1,217.2% of revenue.
What are Innventure's earnings per share?
Innventure earned $0.76 per diluted share in fiscal 2025, compared with $-0.98 a year earlier.
When will Innventure report its next earnings?
Innventure is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Innventure's fiscal year end?
Innventure's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.