v3.25.3
Consolidated Statements of Changes in Stockholders' Deficit (FY) - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Common Stock
Common Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Common Stock
Additional Paid-In Capital
Preferred Stock
Accumulated Deficit
Accumulated OCI
Non-Controlling Interest
Beginning balance at Dec. 31, 2022 $ (11,193)                   $ (38,564) $ 0 $ 656
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net loss (30,984)                   (30,845)   (139)
Other comprehensive gain, net of taxes 0                        
Non-controlling interest acquired 337                       337
Distributions to Stockholders (241)                   (241)    
Ending balance at Dec. 31, 2023 (18,486)                   (64,284) 0 1,559
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Issuance of shares, net of issuance costs 7,566                        
Net loss (7,526)                   (5,219)   (2,307)
Non-controlling interest acquired 3,503                       3,503
Ending balance at Mar. 31, 2024 (10,519)                   (73,918)   11,543
Beginning balance at Dec. 31, 2023 (18,486)                   (64,284) 0 1,559
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net loss (18,840)                        
Other comprehensive gain, net of taxes 0                        
Ending balance at Jun. 30, 2024 (11,702)                   (81,568)   15,113
Beginning balance at Dec. 31, 2023 (18,486)                   (64,284) 0 1,559
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net loss (28,198)                   (16,436)   (11,762)
Other comprehensive gain, net of taxes 62                     62  
Non-controlling interest acquired 13,921                       13,921
Preferred Stock, ending balance (in shares) at Oct. 01, 2024       0                  
Ending balance at Oct. 01, 2024 $ (4,503)     $ 0   $ 0   $ 11,342     (15,845) 0 0
Common Stock, ending balance (in shares) at Oct. 01, 2024 43,589,850         0              
Beginning balance at Dec. 31, 2023 $ (18,486)                   (64,284) 0 1,559
Preferred Stock, ending balance (in shares) at Dec. 31, 2024 1,102,000     1,102,000                  
Ending balance at Dec. 31, 2024 $ 766,293     $ 0   $ 4   502,865     (78,262) 909 340,777
Common Stock, ending balance (in shares) at Dec. 31, 2024 44,597,154         44,597,154              
Beginning balance at Mar. 31, 2024 $ (10,519)                   (73,918)   11,543
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Issuance of shares, net of issuance costs 2,852                        
Net loss (11,314)                   (7,288)   (4,026)
Other comprehensive gain, net of taxes 0                        
Non-controlling interest acquired 7,348                       7,348
Ending balance at Jun. 30, 2024 (11,702)                   (81,568)   15,113
Preferred Stock, beginning balance (in shares) at Oct. 01, 2024       0                  
Beginning balance at Oct. 01, 2024 $ (4,503)     $ 0   $ 0   11,342     (15,845) 0 0
Common Stock, beginning balance (in shares) at Oct. 01, 2024 43,589,850         0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Effect of acquisition of Innventure LLC (in shares)           43,589,850              
Effect of acquisition of Innventure LLC $ 804,098         $ 4   461,064         343,030
Reclassification of warrants from liability to equity 1,265             1,265          
Issuance of shares, net of issuance costs (in shares)         1,102,000   160,000            
Issuance of shares, net of issuance costs   $ 2,083 $ 9,965           $ 2,083 $ 9,965      
Issuance of common shares from warrant exercises (in shares)           259,309              
Issuance of common shares from warrant exercises 2,982             2,982          
Net loss (70,093)                   (61,754)   (8,339)
Other comprehensive gain, net of taxes 909                     909  
Non-controlling interest acquired 4,129                       4,129
Distributions to Stockholders (663)                   (663)    
Vesting of contingent at risk sponsor shares (in shares)           587,995              
Stock-based compensation 16,338             14,381         1,957
Accrued preferred dividends $ (217)             (217)          
Preferred Stock, ending balance (in shares) at Dec. 31, 2024 1,102,000     1,102,000                  
Ending balance at Dec. 31, 2024 $ 766,293     $ 0   $ 4   502,865     (78,262) 909 340,777
Common Stock, ending balance (in shares) at Dec. 31, 2024 44,597,154         44,597,154              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Issuance of shares, net of issuance costs (in shares)           161,964              
Issuance of shares, net of issuance costs $ 1,927             1,927          
Net loss (253,674)                   (142,997)   (110,677)
Other comprehensive gain, net of taxes (2,387)                     (2,387)  
Distributions to Stockholders (26)                   (26)    
Stock-based compensation 5,841             4,943         898
Accrued preferred dividends (217)             (217)          
Ending balance at Mar. 31, 2025 $ 525,745         $ 5   484,256     (221,285) (1,478) 264,247
Common Stock, ending balance (in shares) at Mar. 31, 2025           47,103,800              
Preferred Stock, beginning balance (in shares) at Dec. 31, 2024 1,102,000     1,102,000                  
Beginning balance at Dec. 31, 2024 $ 766,293     $ 0   $ 4   502,865     (78,262) 909 340,777
Common Stock, beginning balance (in shares) at Dec. 31, 2024 44,597,154         44,597,154              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net loss $ (394,949)                        
Other comprehensive gain, net of taxes (2,198)                        
Ending balance at Jun. 30, 2025 $ 426,060         $ 6   525,346     (305,512) (1,289) 207,509
Common Stock, ending balance (in shares) at Jun. 30, 2025 55,221,494         55,221,494              
Beginning balance at Mar. 31, 2025 $ 525,745         $ 5   484,256     (221,285) (1,478) 264,247
Common Stock, beginning balance (in shares) at Mar. 31, 2025           47,103,800              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Issuance of shares, net of issuance costs (in shares)           481,325              
Issuance of shares, net of issuance costs 2,625             2,625          
Net loss (141,275)                   (84,227)   (57,048)
Other comprehensive gain, net of taxes 189                     189  
Stock-based compensation 9,406             8,494         912
Ending balance at Jun. 30, 2025 $ 426,060         $ 6   $ 525,346     $ (305,512) $ (1,289) $ 207,509
Common Stock, ending balance (in shares) at Jun. 30, 2025 55,221,494         55,221,494