Overview
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- TickerINV on Nasdaq1
- IndustryBlank Checks1
- HeadquartersOrlando, Florida1
- Incorporated inDE2
- Business address6900 Tavistock Lakes Blvd, Suite 400, Orlando, Fl 328272
- Filer category, Emerging growth company2
- Legal formCorporation
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Innventure is an industrial growth conglomerate that founds, funds, and operates companies with a focus on commercializing transformative, sustainable technology solutions acquired or licensed from multinational corporations (“MNCs”) or other technology innovators (collectively, “Technology Solutions Providers”) with the intent to maximize value for investors and other stakeholders through positive cash flow generated through long-term ownership of our Innventure Companies (as defined below). These Technology Solutions Providers are typically MNCs but need not be MNCs. In connection with the founding of a new company, we look to establish a collaborative relationship with at least one MNC that (1) has expressed a need for, and an interest in using or distributing, the specific technology that we intend to commercialize and (2) we expect will become a channel partner capable of providing …3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-22602.1%Operating margin4
-14266.4%Net margin4
-143.6%Return on equity4
0.04×Debt to equity4
-$82.1MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product and Service, Other brought in 76% of the revenue Innventure, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2025 |
|---|---|
| Product and Service, Other | $1.6M |
| Management Fees | $499.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue33¢$18.8M
- Research and development44¢$25.0M
- Income tax24¢$13.5M
Out of $2.1M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $2.1M | |
| Cost of sales | $18.8M | |
| General and administrative | $66.7M | |
| Sales and marketing | $9.6M | |
| Research and development | $25.0M | |
| Goodwill impairment | $346.6M | $0 |
| Total Operating Expenses | $466.8M | |
| Loss from Operations | -$464.7M | |
| Interest expense, net | -$9.7M | |
| Change in fair value of financial liabilities | $16.1M | |
| Equity method investment (loss) income | -$12.6M | |
| Realized gain on conversion of available for sale investment | $1.5M | |
| Loss on conversion of promissory notes | $0 | |
| Write-off of loan commitment fee asset | $0 | |
| Miscellaneous other expense | -$46.0K | |
| Total Non-operating (Expense) Income | -$24.1M | |
| Loss before Income Taxes | -$488.8M | |
| Income tax expense (benefit) | -$13.5M | |
| Net Loss | -$475.4M | |
| Non-redeemable non-controlling interest | -$182.0M | |
| Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders | -$293.3M | |
| Basic loss per unit (in usd per share) | -$5.39 | |
| Diluted loss per share (in usd per share) | -$5.39 | |
| Basic weighted average common shares (in shares) | 54.4M shares | |
| Diluted weighted average common shares (in shares) | 54.4M shares | |
| Unrealized gain (loss) on available-for-sale debt securities - related party | -$662.0K | |
| Reclassification of realized gain (loss) on conversion of available for sale investments | -$1.5M | |
| Total other comprehensive gain (loss), net of taxes | -$2.2M | |
| Total comprehensive income (loss), net of taxes | -$477.5M | |
| Non-redeemable non-controlling interest | -$182.0M | |
| Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders | -$295.5M |
| Period ending | 2024-12-31 |
|---|---|
| Revenue | $456.0K |
| Cost of sales | $3.8M |
| General and administrative | $29.7M |
| Sales and marketing | $2.0M |
| Research and development | $5.3M |
| Goodwill impairment | $0 |
| Total Operating Expenses | $40.8M |
| Loss from Operations | -$40.3M |
| Interest expense, net | -$1.1M |
| Change in fair value of financial liabilities | -$20.9M |
| Equity method investment (loss) income | -$902.0K |
| Realized gain on conversion of available for sale investment | $0 |
| Loss on conversion of promissory notes | $0 |
| Write-off of loan commitment fee asset | -$10.0M |
| Miscellaneous other expense | -$57.0K |
| Total Non-operating (Expense) Income | -$33.1M |
| Loss before Income Taxes | -$73.4M |
| Income tax expense (benefit) | -$3.3M |
| Net Loss | -$70.1M |
| Non-redeemable non-controlling interest | -$8.3M |
| Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders | -$61.8M |
| Basic loss per unit (in usd per share) | -$1.41 |
| Diluted loss per share (in usd per share) | -$1.41 |
| Basic weighted average common shares (in shares) | 44.0M shares |
| Diluted weighted average common shares (in shares) | 44.0M shares |
| Unrealized gain (loss) on available-for-sale debt securities - related party | $909.0K |
| Reclassification of realized gain (loss) on conversion of available for sale investments | $0 |
| Total other comprehensive gain (loss), net of taxes | $909.0K |
| Total comprehensive income (loss), net of taxes | -$69.2M |
| Non-redeemable non-controlling interest | -$8.3M |
| Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders | -$60.8M |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $60.4M | $11.1M | ||
| Restricted cash | $5.0M | $0 | ||
| Accounts receivable | $1.1M | $283.0K | ||
| Due from related party | $11.8M | $4.5M | ||
| Inventories | $1.6M | $5.2M | ||
| Prepaid expenses and other current assets | $3.2M | $3.2M | ||
| Total Current Assets | $83.2M | $24.3M | ||
| Investments | $28.7M | $28.7M | ||
| Property, plant and equipment, net | $1.9M | $1.4M | ||
| Intangible assets, net | $160.5M | $182.2M | ||
| Goodwill | $323.5M | $667.9M | ||
| Other assets | $1.4M | $766.0K | ||
| Total Assets | $599.2M | $905.3M | ||
| Accounts payable | $2.6M | $3.2M | ||
| Accrued employee benefits | $11.3M | $9.3M | ||
| Accrued expenses | $7.4M | $2.5M | ||
| Contract liabilities | $947.0K | $0 | ||
| Patent installment payable - current | $700.0K | $1.2M | ||
| Obligation to issue equity | $119.0K | $4.2M | ||
| Warrant liability | $27.5M | $34.0M | ||
| Income taxes payable | $23.0K | $0 | ||
| Other current liabilities | $682.0K | $317.0K | ||
| Total Current Liabilities | $76.3M | $69.3M | ||
| Notes payable, net of current portion | $8.3M | $13.7M | ||
| Earnout liability | $3.9M | $14.8M | ||
| Stock-based compensation liability | $239.0K | $1.2M | ||
| Patent installment payable, net of current | $12.4M | $12.4M | ||
| Deferred income taxes | $13.8M | $27.4M | ||
| Other liabilities | $556.0K | $355.0K | ||
| Total Liabilities | $115.5M | $139.0M | ||
| Common stock | $7.0K | $4.0K | ||
| Additional paid-in capital | $577.1M | $502.9M | ||
| Accumulated other comprehensive gain (loss) | -$1.3M | $909.0K | ||
| Accumulated deficit | -$371.6M | -$78.3M | ||
| Total Innventure, Inc., Stockholders Equity | $204.2M | $425.5M | ||
| Non-controlling interest | $279.5M | $340.8M | ||
| Total Stockholders' Equity | $483.7M | $766.3M | -$4.5M | -$18.5M |
| Total Liabilities and Stockholders Equity | $599.2M | $905.3M | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 25.0M shares | 25.0M shares | 25.0M shares | |
| Preferred stock, issued (in shares) | 33.1K shares | |||
| Preferred stock, outstanding (in shares) | 33.1K shares | |||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 250.0M shares | 250.0M shares | 250.0M shares | |
| Common stock, issued (in shares) | 67.7M shares | 44.6M shares | 43.6M shares | |
| Common stock, outstanding (in shares) | 67.7M shares | 44.6M shares | 43.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $60.4M | $11.1M | ||
| Restricted cash | $5.0M | $0 | ||
| Accounts receivable | $1.1M | $283.0K | ||
| Due from related party | $11.8M | $4.5M | ||
| Inventories | $1.6M | $5.2M | ||
| Prepaid expenses and other current assets | $3.2M | $3.2M | ||
| Total Current Assets | $83.2M | $24.3M | ||
| Investments | $28.7M | $28.7M | ||
| Property, plant and equipment, net | $1.9M | $1.4M | ||
| Intangible assets, net | $160.5M | $182.2M | ||
| Goodwill | $323.5M | $667.9M | ||
| Other assets | $1.4M | $766.0K | ||
| Total Assets | $599.2M | $905.3M | ||
| Accounts payable | $2.6M | $3.2M | ||
| Accrued employee benefits | $11.3M | $9.3M | ||
| Accrued expenses | $7.4M | $2.5M | ||
| Contract liabilities | $947.0K | $0 | ||
| Patent installment payable - current | $700.0K | $1.2M | ||
| Obligation to issue equity | $119.0K | $4.2M | ||
| Warrant liability | $27.5M | $34.0M | ||
| Income taxes payable | $23.0K | $0 | ||
| Other current liabilities | $682.0K | $317.0K | ||
| Total Current Liabilities | $76.3M | $69.3M | ||
| Notes payable, net of current portion | $8.3M | $13.7M | ||
| Earnout liability | $3.9M | $14.8M | ||
| Stock-based compensation liability | $239.0K | $1.2M | ||
| Patent installment payable, net of current | $12.4M | $12.4M | ||
| Deferred income taxes | $13.8M | $27.4M | ||
| Other liabilities | $556.0K | $355.0K | ||
| Total Liabilities | $115.5M | $139.0M | ||
| Common stock | $7.0K | $4.0K | ||
| Additional paid-in capital | $577.1M | $502.9M | ||
| Accumulated other comprehensive gain (loss) | -$1.3M | $909.0K | ||
| Accumulated deficit | -$371.6M | -$78.3M | ||
| Total Innventure, Inc., Stockholders Equity | $204.2M | $425.5M | ||
| Non-controlling interest | $279.5M | $340.8M | ||
| Total Stockholders' Equity | $483.7M | $766.3M | -$4.5M | -$18.5M |
| Total Liabilities and Stockholders Equity | $599.2M | $905.3M | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 25.0M shares | 25.0M shares | 25.0M shares | |
| Preferred stock, issued (in shares) | 33.1K shares | |||
| Preferred stock, outstanding (in shares) | 33.1K shares | |||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, authorized (in shares) | 250.0M shares | 250.0M shares | 250.0M shares | |
| Common stock, issued (in shares) | 67.7M shares | 44.6M shares | 43.6M shares | |
| Common stock, outstanding (in shares) | 67.7M shares | 44.6M shares | 43.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$475.4M | |
| Stock-based compensation | $27.9M | |
| Interest income on debt securities - related party | -$394.0K | |
| Change in fair value of financial liabilities | -$16.1M | |
| Write-off of loan commitment fee asset | $0 | |
| Non-cash interest expense on notes payable | $6.6M | |
| Accrued unpaid interest on note payable | $336.0K | |
| Equity method investment loss (income) | $12.6M | |
| Realized gain on conversion of available for sale investments | -$1.5M | |
| Loss on conversion of promissory notes | $0 | |
| Deferred income taxes | -$13.4M | |
| Depreciation and amortization | $22.5M | |
| Goodwill impairment | $346.6M | $0 |
| Other costs, net | $195.0K | |
| Accounts receivable | -$811.0K | |
| Prepaid expenses and other current assets | -$11.7M | |
| Inventory | $3.6M | |
| Accounts payable | -$1.4M | |
| Accrued employee benefits | $1.7M | |
| Accrued expenses | -$480.0K | |
| Stock-based compensation liability | -$921.0K | |
| Income taxes payable | $23.0K | |
| Other current liabilities | -$358.0K | |
| Contract liabilities | $947.0K | |
| Obligation to issue equity | $0 | |
| Other assets | -$61.0K | |
| Patent installment payable | -$525.0K | |
| Net Cash Used in Operating Activities | -$80.7M | |
| Advances to equity method investee | $0 | |
| Acquisition of property, plant and equipment | -$1.4M | |
| Acquisition of intangible assets | $0 | |
| Acquisition of net assets, net of cash acquired, through business combination | $0 | |
| Proceeds from sale of investments | $0 | |
| Cash withdrawn from trust as a result of business combination | $0 | |
| Net Cash (Used in) Provided by Investing Activities | -$4.1M | |
| Proceeds from issuance of equity, net of issuance costs | $12.7M | |
| Proceeds from the issuance of equity to non-controlling interest, net of issuance costs | $71.4M | |
| Distributions to Stockholders | -$76.0K | |
| Cash Flows Provided by Financing Activities | $139.1M | |
| Net Increase in Cash, Cash Equivalents and Restricted Cash | $54.3M | |
| Cash paid for interest | $0 | |
| Accretion of redeemable units to redemption value | $0 | |
| Debt discount and embedded derivative upon issuance | $0 | |
| Issuance of units to non-controlling interest in exchange of convertible promissory notes | $0 | |
| Conversion of working capital loans to equity method investees into investments in debt securities - related party | $4.4M | |
| Transfer of liability warrants to equity warrants in the Business Combination | $0 | |
| Initial recognition of loan commitment fee | $0 | |
| Transfer of loan commitment fee asset | $0 | |
| Recognition of right of use asset and corresponding lease liability | $927.0K | |
| Extinguishment of debt with Series C Preferred Stock | $14.0M | |
| Contribution of Series C Preferred Stock to equity method investee | $5.8M | |
| Conversion of AFX available-for-sale term loan into equity method investments | $8.8M | |
| Issuance of common stock as repayment of convertible debt | $47.0M | |
| Issuance of stock in exchange for services | $4.1M | |
| Conversion of preferred stock into common stock | $36.9M | |
| Transfer of Series C Preferred Stock from Mezzanine to Stockholders' equity | $1.4M | |
| Embedded derivative in association with Convertible Debentures | $1.8M | |
| Equity reallocation between non-controlling interest and additional paid-in capital | $37.0M | |
| Embedded derivative liability derecognition | $3.3M |
| Period ending | 2024-12-31 |
|---|---|
| Net Loss | -$70.1M |
| Stock-based compensation | $16.3M |
| Interest income on debt securities - related party | -$106.0K |
| Change in fair value of financial liabilities | $20.9M |
| Write-off of loan commitment fee asset | $10.0M |
| Non-cash interest expense on notes payable | $248.0K |
| Accrued unpaid interest on note payable | $69.0K |
| Equity method investment loss (income) | $902.0K |
| Realized gain on conversion of available for sale investments | $0 |
| Loss on conversion of promissory notes | $0 |
| Deferred income taxes | -$3.3M |
| Depreciation and amortization | $5.5M |
| Goodwill impairment | $0 |
| Other costs, net | $64.0K |
| Accounts receivable | -$166.0K |
| Prepaid expenses and other current assets | -$1.3M |
| Inventory | -$2.4M |
| Accounts payable | -$11.2M |
| Accrued employee benefits | $1.7M |
| Accrued expenses | -$484.0K |
| Stock-based compensation liability | $1.2M |
| Income taxes payable | $0 |
| Other current liabilities | -$77.0K |
| Contract liabilities | $0 |
| Obligation to issue equity | $3.0M |
| Other assets | $0 |
| Patent installment payable | $0 |
| Net Cash Used in Operating Activities | -$29.2M |
| Advances to equity method investee | -$4.2M |
| Acquisition of property, plant and equipment | -$266.0K |
| Acquisition of intangible assets | -$30.0K |
| Acquisition of net assets, net of cash acquired, through business combination | $16.0K |
| Proceeds from sale of investments | $0 |
| Cash withdrawn from trust as a result of business combination | $11.3M |
| Net Cash (Used in) Provided by Investing Activities | $6.8M |
| Proceeds from issuance of equity, net of issuance costs | $15.4M |
| Proceeds from the issuance of equity to non-controlling interest, net of issuance costs | $4.2M |
| Distributions to Stockholders | -$663.0K |
| Cash Flows Provided by Financing Activities | $33.5M |
| Net Increase in Cash, Cash Equivalents and Restricted Cash | $11.1M |
| Cash paid for interest | $991.0K |
| Accretion of redeemable units to redemption value | $0 |
| Debt discount and embedded derivative upon issuance | $0 |
| Issuance of units to non-controlling interest in exchange of convertible promissory notes | $0 |
| Conversion of working capital loans to equity method investees into investments in debt securities - related party | $0 |
| Transfer of liability warrants to equity warrants in the Business Combination | $1.3M |
| Initial recognition of loan commitment fee | $16.2M |
| Transfer of loan commitment fee asset | $6.7M |
| Recognition of right of use asset and corresponding lease liability | $0 |
| Extinguishment of debt with Series C Preferred Stock | $0 |
| Contribution of Series C Preferred Stock to equity method investee | $0 |
| Conversion of AFX available-for-sale term loan into equity method investments | $0 |
| Issuance of common stock as repayment of convertible debt | $0 |
| Issuance of stock in exchange for services | $250.0K |
| Conversion of preferred stock into common stock | $0 |
| Transfer of Series C Preferred Stock from Mezzanine to Stockholders' equity | $0 |
| Embedded derivative in association with Convertible Debentures | $0 |
| Equity reallocation between non-controlling interest and additional paid-in capital | $0 |
| Embedded derivative liability derecognition | $0 |
Corporate structure
Innventure, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Innventure, Inc.
- CastleKnight Master Fund LP Filed SCHEDULE 13G/A on Innventure, Inc., latest Aug 14, 2026 (5 filings since Nov 15, 2024)
- Ascent Capital Partners LLC Filed SCHEDULE 13D/A on Innventure, Inc., latest May 5, 2026 (6 filings since Oct 18, 2024)
- WE-INN LLC Filed SCHEDULE 13D/A on Innventure, Inc., latest Apr 23, 2026 (8 filings since Oct 7, 2024)
- COMMONWEALTH ASSET MANAGEMENT LP Filed SCHEDULE 13D on Innventure, Inc., latest Feb 17, 2026 (2 filings since Jan 12, 2026)
- Michael Otworth Filed SCHEDULE 13D on Innventure, Inc., latest Aug 18, 2025
- Walleye Capital LLC Filed SC 13G/A on Innventure, Inc., latest Nov 13, 2024
- YA II PN, Ltd. Filed SC 13G on Innventure, Inc., latest Nov 1, 2024
- Innventure, Inc. Orlando, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Innventure, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.9M4 Dec 31, 2025 | $1.5M4 Dec 31, 2024 | +95.0% |
| Accumulated depreciation | $969.0K4 Dec 31, 2025 | $78.0K4 Dec 31, 2024 | +1142.3% |
| Property and equipment, net | $1.9M4 Dec 31, 2025 | $1.4M4 Dec 31, 2024 | +37.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $60.4M4 Dec 31, 2025 | $11.1M4 Dec 31, 2024 | +443.7% |
| Debt securities available for sale | $9.2M4 Dec 31, 2025 | $11.2M4 Dec 31, 2024 | −17.4% |
| Stakes in other companies (equity method) | $19.5M4 Dec 31, 2025 | $17.5M4 Dec 31, 2024 | +11.1% |
| Long-term investments | $28.7M4 Dec 31, 2025 | $28.7M4 Dec 31, 2024 | 0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $323.5M4 Dec 31, 2025 | $667.9M4 Dec 31, 2024 | −51.6% |
| Intangible assets, net (excluding goodwill) | $160.5M4 Dec 31, 2025 | $182.2M4 Dec 31, 2024 | −11.9% |
| Finite-lived intangibles, gross | $187.5M4 Dec 31, 2025 | $187.5M4 Dec 31, 2024 | 0% |
| Accumulated amortization | $27.0M4 Dec 31, 2025 | $5.4M4 Dec 31, 2024 | +402.0% |
| Finite-lived intangibles, net | $160.5M4 Dec 31, 2025 | $182.2M4 Dec 31, 2024 | −11.9% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.6M4 Dec 31, 2025 | $5.2M4 Dec 31, 2024 | −69.0% |
| Raw materials | $667.0K4 Dec 31, 2025 | $3.0M4 Dec 31, 2024 | −77.6% |
| Work in process | $148.0K4 Dec 31, 2025 | $50.0K4 Dec 31, 2024 | +196.0% |
| Finished goods | $789.0K4 Dec 31, 2025 | $2.2M4 Dec 31, 2024 | −63.4% |
Properties, in its own words
Our principal executive offices are leased and located in Orlando, Florida. The following table sets forth the principal facilities of Accelsius and AeroFlexx as of December 31, 2025, each of which is leased. These facilities are well-maintained, are suitable and adequate for their use and have sufficient capacity for our current needs and expected near-term growth.
Location · Innventure Company · Use
The rest of Item 2
Austin, TX (Shoal Creek Blvd.) · Accelsius · Subleased
Austin, TX (Kramer Lane) · Accelsius · Executive offices
Austin, TX (Springdale Road) · Accelsius · Manufacturing facility
West Chester, OH · AeroFlexx · Manufacturing facility
Item 2 of the 10-K filed Mar 30, 2026.3
Leadership
Who has led Innventure, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerGregory W. Haskell Oct 2, 2024 to now8
- ChairMichael Otworth Oct 2, 2024 to now9
- Chief financial officerDavid Yablunosky Oct 2, 2024 to now10
Board members and other officers (13)
- Member of Executive CommitteeMichael Otworth Sep 10, 2026 to now11
- Chief Growth OfficerRoland Austrup Oct 2, 2024 to now12
- Board memberCatriona M. Fallon Jun 22, 2026 to now13
- Board memberMichael Otworth Sep 10, 2026 to now11
- Board memberMichael P. Madon Sep 29, 2026 to now14
- Board memberBruce Brown Oct 2, 2024 to now15
- Board memberDaniel J. Hennessy Oct 2, 2024 to now16
- Board memberDavid Yablunosky Oct 2, 2024 to now10
- Board memberElizabeth Suzanne Williams Oct 2, 2024 to now17
- Board memberGregory W. Haskell Oct 2, 2024 to now8
- Board memberJames O. Donnally Oct 2, 2024 to now18
- Board memberMichael Amalfitano Oct 2, 2024 to now19
- Board memberSuzanne Niemeyer Oct 2, 2024 to now20
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerJohn W. Scott named Oct 16, 2024 to Oct 10, 202521
- Executive OfficerJohn William Scott named Apr 8, 202522
- PromoterAaron Berg named Oct 16, 202423
- PromoterDevery (Rusty) Cagle named Oct 16, 202423
- PromoterElias Gabriel Silverman named Oct 16, 202423
- PromoterJack Grella named Oct 16, 202423
- PromoterSal Craig Cognetti named Oct 16, 202423
Former names
- Learn SPAC HoldCo, Inc.Jan 26, 2024 to Oct 2, 20242
Timeline
- Oct 13, 20268-K Other events24
- Oct 8, 20268-K Other events25
- Oct 6, 20268-K Entered a material agreement; Unregistered sale of shares; Other events26
- Oct 5, 20268-K Executive or director change27
- Sep 21, 20268-K Executive or director change; Other events28
- Sep 15, 20268-K Other events29
- Aug 31, 20268-K Executive or director change; Regulation FD disclosure; Other events30
- Aug 19, 20268-K Regulation FD disclosure31
- Aug 13, 20268-K Results of operations32
- Jun 30, 20268-K Executive or director change; Regulation FD disclosure33
- Jun 22, 20268-K Shareholder vote34
- Jun 18, 20268-K Shareholder vote35
- Oct 2, 2024New chief executive Gregory W. Haskell becomes CEO8
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.51) a share, on Nov 13, 2025.36
When it reported results
- Aug 13, 2026Reported quarterly or annual results32
- May 14, 2026Reported quarterly or annual results37
- Mar 30, 2026Reported quarterly or annual results38
- Nov 13, 2025Reported quarterly or annual results39
- May 15, 2025Reported quarterly or annual results40
- Apr 11, 2025Reported quarterly or annual results41
- Nov 14, 2024Reported quarterly or annual results42
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
343 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 60 major events, 106 insider forms, 24 large holders, 3 private raises, 142 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 8, 20268-K EDGAR
- Oct 6, 20268-K EDGAR
- Oct 6, 2026424B5 EDGAR
- Oct 5, 20268-K/A EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 29, 20264 EDGAR
- Sep 29, 20263 EDGAR
- Sep 21, 20268-K EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20268-K EDGAR
- Sep 10, 20263 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Aug 31, 20268-K EDGAR
The 343 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
34 open-market trades by officers, directors and large owners since October 2021: 9 buys and 25 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Brown BruceDirector | Buy | 30,000 | $1.51 | $45.3K | Form 4 |
| Aug 20, 2026 | Haskell Gregory WFormer Chief Executive Officer | Buy | 50,000 | $1.51 | $75.5K | Form 4 |
| Aug 20, 2026 | Otworth MichaelMember of Executive Committee | Buy | 231,000 | $1.51 | $348.8K | Form 4 |
| Aug 20, 2026 | Donnally James ODirector | Buy | 225,000 | $1.50 | $337.5K | Form 4 |
| Apr 20, 2026 | HENNESSY DANIEL JDirector | Sale | 582,139 | $5.52 | $3.2M | Form 4 |
| Apr 14, 2026 | HENNESSY DANIEL JDirector | Sale | 2,992 | $5.01 | $15.0K | Form 4 |
| Dec 18, 2025 | WE-INN LLC10% owner | Sale | 252,502 | $4.68 | $1.2M | Form 4 |
| Dec 17, 2025 | WE-INN LLC10% owner | Sale | 184,777 | $4.86 | $898.0K | Form 4 |
| Dec 4, 2025 | HENNESSY DANIEL JDirector | Sale | 55,840 | $5.19 | $289.8K | Form 4 |
| Dec 3, 2025 | WE-INN LLC10% owner | Sale | 172,589 | $4.76 | $821.5K | Form 4 |
| Dec 2, 2025 | Otworth MichaelMember of Executive Committee | Buy | 12,000 | $5.06 | $60.7K | Form 4 |
| Dec 2, 2025 | HENNESSY DANIEL JDirector | Sale | 8,450 | $5.01 | $42.3K | Form 4 |
| Dec 2, 2025 | WE-INN LLC10% owner | Sale | 117,901 | $4.95 | $583.6K | Form 4 |
| Dec 1, 2025 | Austrup RolandChief Growth Officer | Buy | 4,900 | $5.01 | $24.5K | Form 4 |
| Dec 1, 2025 | HENNESSY DANIEL JDirector | Sale | 81,993 | $5.13 | $420.6K | Form 4 |
| Dec 1, 2025 | WE-INN LLC10% owner | Sale | 427,301 | $5.11 | $2.2M | Form 4 |
| Nov 26, 2025 | Haskell Gregory WFormer Chief Executive Officer | Buy | 10,000 | $5.14 | $51.4K | Form 4 |
| Nov 26, 2025 | Scott John StewartChief Strategy Officer | Sale | 452,668 | $5.13 | $2.3M | Form 4 |
| Nov 25, 2025 | HENNESSY DANIEL JDirector | Sale | 266,367 | $5.31 | $1.4M | Form 4 |
| Nov 21, 2025 | Donnally James ODirector | Buy | 27,886 | $3.37 | $94.0K | Form 4 |
All 34 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CastleKnight Master Fund LPSCHEDULE 13G/A, 5 filings Nov 15, 2024 to Aug 14, 202643
- Ascent Capital Partners LLCSCHEDULE 13D/A, 6 filings Oct 18, 2024 to May 5, 202644
- WE-INN LLCSCHEDULE 13D/A, 8 filings Oct 7, 2024 to Apr 23, 202645
- COMMONWEALTH ASSET MANAGEMENT LPSCHEDULE 13D, 2 filings Jan 12, 2026 to Feb 17, 202646
- Michael OtworthSCHEDULE 13D, 1 filing Aug 18, 202547
- Walleye Capital LLCSC 13G/A, 1 filing Nov 13, 202448
- YA II PN, Ltd.SC 13G, 1 filing Nov 1, 202449
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | David YablunoskyChief Financial Officer ......... | $450.0K | $1.1M50 | |
| 2025 | Gregory W. (Bill) HaskellChief Executive Officer ........... | $700.0K | $994.0K50 | |
| 2025 | Dr. John ScottChief Strategy Officer ........... | $450.0K | $680.3K50 | |
| 2024 | Dr. John ScottChief Strategy Officer ........... | $300.0K | $11.6M50 | |
| 2024 | Gregory W. (Bill) HaskellChief Executive Officer ........... | $300.0K | $3.1M50 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Oct 3, 2025Raised $9.8 million in a private offering of equity Form D: 13 investors so far Form D
- Mar 24, 2025Raised $28.9 million in a private offering of equity Form D: $50 million offered in all Form D
- Oct 1, 2024Raised $11 million in a private offering of equity Form D: $30 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Innventure, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARInnventure, Inc.1
- CIK0002001557
- Employer ID (EIN)93-44400483
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address6900 Tavistock Lakes Blvd, Suite 400, Orlando, FL 328271
- Phone(321) 209-67871
- Shares outstanding84,612,657 as of Aug 7, 20267
- Public float$126.8M as of Jun 30, 20253
- AuditorWithumSmith+Brown, PC, Orlando, Florida PCAOB ID 100; it also attests to the company’s internal control over financial reporting3
- On EDGAR sinceJan 26, 20241
- Filings343 in all: 4 (89), 424B3 (65), 8-K (57), 3 (16), CORRESP (13), UPLOAD (11), SCHEDULE 13D/A (9), 144 (7)1
All 38 form types
425 (7), S-4/A (7), 10-Q (6), EFFECT (6), SCHEDULE 13G/A (6), 8-K/A (3), D (3), DEF 14A (3), DEFA14A (3), S-1 (3), SC 13G (3), SCHEDULE 13D (3), 10-K (2), 424B5 (2), ARS (2), PRE 14A (2), S-3 (2), 144/A (1), 3/A (1), 8-A12B (1), CERT (1), CT ORDER (1), NT 10-K (1), POS AM (1), S-3/A (1), S-4 (1), S-8 (1), SC 13D (1), SC 13G/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 per share | INV | The Nasdaq Stock Market, LLC |
From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Innventure, Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 44 risks under these headings, as written.3
- Risks Related to Innventure’s Business
- Innventure may not be able to obtain additional financing to fund the operations and growth of the business.
- There is uncertainty regarding Innventure’s ability to maintain liquidity sufficient to operate its business effectively, which raises substantial doubt about its ability to continue as a going concern.
- Innventure depends on its Innventure Companies for revenue and cash, and the Innventure Companies are not guaranteed to succeed.
- Innventure may not be successful in finding future opportunities to license or acquire breakthrough technology solutions, and any failure to satisfy the requirements of or maintain relationships with its technology providers could materially adversely affect its business.
- Our growth strategy depends on our ability to scale our Innventure Companies effectively, and we may be unable to do so successfully.
- The WTI Facility may impair Innventure LLC’s, the Company’s and the Innventure Companies’ financial and operating flexibility.
- It is not possible to predict the extent to which Innventure will, intends to, or may rely on Yorkville and the SEPA as a source of funding or the actual number of shares Innventure will sell or gross proceeds resulting from those sales.
- It is not possible to predict the actual number of shares Innventure will sell under the SEPA to Yorkville, or the actual gross proceeds resulting from those sales.
- Innventure’s success will depend on its ability to attract and retain personnel and manage human capital both for itself and the Innventure Companies, while controlling labor costs.
- Innventure’s pursuit of new Innventure Companies and acquisitions of new technologies could disrupt its ongoing business, present risks not originally contemplated and materially adversely affect its business, reputation, results of operations and financial condition.
- Risks Related to the Innventure Companies’ Operations
The other 34 risks
- The Innventure Companies are early-stage companies, and their limited operating history makes it difficult to evaluate their future prospects and the risks and challenges they may encounter.
- Failure of our Innventure Companies to achieve and maintain a high level of product and service quality and on-time delivery could damage their reputations with customers and negatively impact our results.
- Accelsius’ cooling products may be subject to increased regulatory scrutiny due to their use of working fluid refrigerants that contain fluorine.
- Accelsius may need to rely on third-party manufacturers to fulfill significant customer orders that it may book in the future, which could adversely affect its margins, quality control, and ability to meet delivery timelines.
- Accelsius’ results of operations may be adversely affected by long and unpredictable deployment cycles in the data center market, which could delay or reduce the conversion of bookings into revenue.
- Accelsius may not realize all of the sales expected from its backlog of orders and contracts.
- Accelsius’ purchase orders to date have been received from a limited number of customers, and this customer concentration could materially adversely affect our business.
- If Accelsius is unable to develop and commercialize next-generation cooling solutions capable of addressing increasing chip power densities and thermal loads, our business and competitive position could be materially adversely affected.
- The market, including customers and potential investors, may be skeptical of the viability and benefits of Accelsius’ and Refinity’s products and processes because they are based on relatively novel and complex technology.
- The failure of Accelsius and AFX to access necessary raw materials or other components in a timely manner and to specification or their inability to maintain relationships with suppliers and manufacturing partners could prevent them from delivering products within required time frames and could cause production delays, cancellations, penalty payments and damage to their brands and reputations.
- AFX may not be able to meet applicable regulatory requirements for the use of AFX’s products in food grade applications, and, even if the requirements are met, complying on an ongoing basis with the numerous regulatory requirements applicable to AFX’s products and AFX’s facilities will be time-consuming and costly.
- Refinity faces risks in designing, constructing and operating its first commercial-scale manufacturing facility, and it may be unable to successfully or timely complete and bring the facility online.
- Risks Related to Our Common Stock
- The market price of our Common Stock is likely to be highly volatile, and you may lose some or all of your investment.
- Volatility in Innventure’s share price could subject Innventure to securities class action litigation.
- Future offerings of debt or offerings or issuances of equity securities by Innventure may adversely affect the market price of the Common Stock or otherwise dilute all other stockholders and may result in the issuance of securities with rights that are senior to those of the holders of Common Stock.
- Additional financing transactions by the Innventure Companies could impact your rights as a stockholder of Innventure.
- Stockholder activism or unsolicited acquisition proposals could disrupt our business, divert management’s attention and impede our ability to execute our business model and achieve our long-term strategic objectives.
- The market may not fully understand or accept our conglomerate structure and the value of our Innventure Companies, which could cause our common stock to trade at a discount to our net asset value.
- Provisions in the A&R Certificate of Incorporation and under Delaware law could discourage a takeover that stockholders may consider favorable and may lead to entrenchment of management.
- If Innventure’s estimates or judgments relating to its critical accounting estimates prove to be incorrect or financial reporting standards or interpretations change, Innventure’s results of operations could be adversely affected.
- The exclusive forum provision in the A&R Certificate of Incorporation could limit Innventure’s stockholders’ ability to choose their preferred judicial forum for disputes with Innventure or its directors, officers, or employees.
- If Innventure is deemed to be an investment company under the Investment Company Act, it may be required to institute burdensome compliance requirements and its activities may be restricted, which may make it difficult to operate or to execute its growth plans.
- The determination as to whether certain Innventure assets are viewed as securities (i.e., by falling within the definition of an “investment contract”) is made by Innventure and if the SEC were to disagree with Innventure’s determination, Innventure could be deemed to be an investment company under the Investment Company Act.
- Risks Related to Intellectual Property
- Innventure may be unable to sufficiently protect the IP rights of itself and the Innventure Companies and may encounter disputes from time to time relating to its use of the IP of third parties.
- Competitors may develop or acquire competing solutions, and our intellectual property may not prevent others from designing around our technology.
- General Risk Factors
- Innventure, the Innventure Companies, and Innventure’s MNC partners may be negatively impacted by volatility in the political and economic environment, geopolitical unrest, such as the instability and hostilities in the Middle East, including the conflict with Iran, economic downturns and high interest rates, and a period of
- sustained inflation, which could have an adverse impact on Innventure’s and the Innventure Companies’ business, financial condition, results of operations and prospects.
- Changes in U.S. or foreign trade policies, including additional tariffs or global trade conflicts, may adversely impact our business and operating results.
- Innventure, the Innventure Companies, and their MNC partners face risks and uncertainties related to litigation, regulatory actions and investigations.
- Cyber-attacks or a failure in Innventure’s information technology and data security infrastructure could adversely affect Innventure’s business and operations.
- Innventure may face particular data protection and privacy risks in connection with the European Union’s Global Data Protection Regulation, the California Consumer Privacy Act and other privacy laws and regulations.
- AI technologies could present business, compliance and reputational risks.
- Climate change, or legal, regulatory or market measures to address climate change may materially adversely affect Innventure’s financial condition and business operations.
- Changes in tax laws could adversely affect Innventure and the Innventure Companies.
Legal proceedings
Innventure (including AeroFlexx, Accelsius and Refinity) is currently not a party to or subject to any material legal proceedings. Innventure may from time to time become a party to various legal proceedings arising in the ordinary course of its business, which could have a material adverse effect on its business, financial condition or results of operations. Regardless of outcome, litigation or other legal proceedings could adversely impact Innventure’s business due to defense and settlement costs, diversion of management resources and other factors.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9SEC EDGARMichael Otworth, Chair
- 10
- 11
- 12SEC EDGARRoland Austrup, Chief Growth Officer
- 13SEC EDGARCatriona M. Fallon, Board member
- 14SEC EDGARMichael P. Madon, Board member
- 15SEC EDGARBruce Brown, Board member
- 16SEC EDGARDaniel J. Hennessy, Board member
- 17
- 18SEC EDGARJames O. Donnally, Board member
- 19SEC EDGARMichael Amalfitano, Board member
- 20SEC EDGARSuzanne Niemeyer, Board member
- 21
- 22
- 23
- 24SEC EDGAROther events
- 25SEC EDGAROther events
- 26
- 27SEC EDGARExecutive or director change
- 28
- 29SEC EDGAROther events
- 30
- 31SEC EDGARRegulation FD disclosure
- 32SEC EDGARResults of operations
- 33
- 34SEC EDGARShareholder vote
- 35SEC EDGARShareholder vote
- 36NasdaqNasdaq calendar
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