Innventure, Inc. (INV) Key Metrics
INV valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $28.4M
- Enterprise value
- $55.0M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 7.6 10-yr median 414.3
- Price / book
- 0.3 10-yr median 1.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.40
INV key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsINV valuation Price multiples at each fiscal year-end price.
INV returns How much profit the business earns on the capital it uses.
INV per-share figures Results divided by the shares outstanding at year-end.
INV financial health Debt, liquidity and how easily interest is covered.
INV efficiency & capital use Working capital cycle and where the cash goes.
INV valuation history
INV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
INV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
INV cash returned to shareholders
INV price vs earnings per share
INV key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $227.5M | $617.7M | $462.8M | $431.2M | $426.5M |
| Enterprise value | $200.4M | $634.8M | $467.7M | $429.6M | $435.1M |
| P/E ratio | — | — | — | — | 64.1 |
| Price / sales | 110.6 | 506.3 | 414.3 | 457.8 | 230.2 |
| Price / book | 1.1 | 1.5 | — | — | 2.0 |
| EV / sales | 97.5 | 520.4 | 418.7 | 456.0 | 234.8 |
| EV / EBITDA | — | — | — | — | 54.2 |
| Earnings yield | −128.9% | −12.7% | −6.7% | −7.6% | 1.6% |
| Free cash flow yield | −36.1% | −7.9% | −4.3% | −2.3% | −0.9% |
| Dividend yield | 0.0% | 0.1% | 0.1% | 0.4% | 0.3% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.1% | 0.1% | 0.4% | 0.3% |
| Share price at fiscal year-end | $4.18 | $13.85 | $10.84 | $10.10 | $9.99 |
| Per share | |||||
| Revenue per share | $0.04 | $0.03 | $0.03 | $0.02 | $0.04 |
| Earnings per share | −$5.39 | −$1.75 | −$0.72 | −$0.77 | $0.16 |
| Operating cash flow per share | −$1.48 | −$1.08 | −$0.46 | −$0.23 | −$0.09 |
| Free cash flow per share | −$1.51 | −$1.10 | −$0.47 | −$0.23 | −$0.09 |
| Cash per share | $1.11 | $0.25 | $0.06 | $0.18 | $0.01 |
| Book value per share | $3.75 | $9.54 | −$0.47 | −$0.28 | $5.01 |
| Tangible book value per share | −$5.14 | −$9.52 | −$0.47 | −$0.28 | $5.01 |
| Dividends per share | $0.00 | $0.01 | $0.01 | $0.04 | $0.03 |
| Capex per share | $0.03 | $0.02 | $0.02 | $0.00 | $0.00 |
| Debt per share | $0.61 | $0.63 | $0.17 | $0.14 | $0.21 |
| Shares outstanding | 54.4M | 44.6M | 42.7M | 42.7M | 42.7M |
| Change in shares outstanding | +22.0% | +4.5% | 0.0% | 0.0% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | −93.2% | −38.6% | — | — | 3.1% |
| Return on invested capital (ROIC) | −30.1% | −28.5% | — | — | −1.1% |
| Return on assets (ROA) | −39.0% | −16.9% | −124.5% | −25.0% | 2.8% |
| Return on tangible assets | −254.6% | −141.6% | −143.0% | −117.1% | 2.8% |
| Free cash flow margin | — | — | — | — | −210.6% |
| Income quality (OCF / net income) | — | — | — | — | −0.59 |
| Financial health | |||||
| Total debt | $33.4M | $28.3M | $7.4M | $5.9M | $8.8M |
| Cash & short-term investments | $60.4M | $11.1M | $2.6M | $7.5M | $237,363 |
| Net debt | −$27.1M | $17.2M | $4.8M | −$1.6M | $8.5M |
| Debt / equity | 0.16 | 0.07 | — | — | 0.04 |
| Debt / assets | 0.06 | 0.03 | 0.34 | 0.21 | 0.04 |
| Net debt / EBITDA | — | — | — | — | 1.06 |
| Current ratio | 1.09 | 0.35 | 0.69 | 1.81 | 2.01 |
| Quick ratio | 1.07 | 0.28 | 0.69 | 1.81 | 2.01 |
| Interest coverage | -12.2 | -31.7 | -19.3 | -27.7 | -2.3 |
| Working capital | $6.9M | −$45.1M | −$2.5M | $3.5M | $474,690 |
| Invested capital | $177.2M | $442.7M | −$15.2M | −$13.5M | $222.6M |
| Tangible asset value | −$324,000 | −$83.8M | −$18.5M | −$11.2M | $214.0M |
| Net current asset value | −$32.4M | −$114.7M | −$34.4M | −$31.4M | −$18.8M |
| Graham number | — | — | — | — | $4.19 |
| Graham net-net per share | −$0.98 | −$2.80 | −$0.83 | −$0.74 | −$0.45 |
| Capital allocation | |||||
| Dividends paid | $76,000 | $663,000 | $241,000 | $1.7M | $1.2M |
| Dividend payout ratio | — | — | — | — | 18.1% |
| Capex / revenue | 68.9% | 82.1% | 57.7% | 0.0% | 0.0% |
| Capex / depreciation | 0.06 | 0.18 | 80.62 | — | — |
| Stock-based compensation / revenue | 1,355.6% | 1,425.7% | 81.5% | 86.5% | 10.5% |
| R&D / revenue | 1,217.2% | 927.7% | 358.2% | 1,639.4% | — |
| SG&A / revenue | 3,244.6% | 5,118.6% | 1,861.6% | 1,079.4% | 270.2% |
| Efficiency | |||||
| Days sales outstanding | 122.2 | 431.6 | 427.4 | 47.7 | 45.7 |
| Days of inventory on hand | 29.9 | 208.7 | — | — | — |
| Days payables outstanding | 25.6 | 134.6 | — | — | — |
| Cash conversion cycle (days) | 126.6 | 505.6 | — | — | — |
| Receivables turnover | 2.99 | 0.85 | 0.85 | 7.66 | 7.99 |
| Payables turnover | 14.26 | 2.71 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 12.19 | 1.75 | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.05 | 0.01 | 0.01 |
| Average receivables | $688,500 | $1.4M | $1.3M | $123,000 | $232,000 |
| Average payables | $2.9M | $1.7M | $88,500 | $156,000 | $228,000 |
| Average inventory | $3.4M | $2.6M | $0 | — | — |
| Intangibles / total assets | 80.8% | 93.9% | 0.0% | 0.0% | 0.0% |
Computed from INV's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
INV valuation and financial ratios
Innventure earned a return on equity of −93.2% and a return on invested capital of −30.1% in fiscal 2025. It ended the year with $33.4 million of debt and $60.4 million in cash and short-term investments, a net cash position of $27.1 million. It returned $0.1 million to shareholders: $0.1 million in dividends and $0 in share buybacks. The share count rose 27.5% from 42.7M to 54.4M over 4 years.
See the INV income statement, the INV chart for price history, or the INV stock overview for the latest quote and news.
INV key metrics FAQ
What is Innventure's return on equity?
Innventure's return on equity (ROE) was −93.2% in fiscal 2025: net income of -$293.3 million on average shareholders' equity of $314.9 million.
What is Innventure's ROIC?
Innventure's return on invested capital was −30.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Innventure have?
Innventure had total debt of $33.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.16 and more cash than debt.
What is Innventure's dividend yield?
Innventure paid $0.1 million in dividends in fiscal 2025 ($0.00 per share), a payout ratio of —.
What is Innventure's free cash flow yield?
Innventure generated -$82.1 million of free cash flow in fiscal 2025, a free cash flow yield of −36.1% on its market value at year-end ($227.5 million).
What is Innventure's current ratio?
Innventure's current ratio was 1.09 at the end of fiscal 2025: current assets were 1.09 times current liabilities.