v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 41,543 $ 60,449
Restricted cash 5,000 5,000
Accounts receivable, net 2,119 1,094
Due from related parties 16,351 11,840
Inventories, net 2,989 1,604
Prepaid expenses and other current assets 3,437 3,167
Total Current Assets 71,439 83,154
Investments 26,644 28,741
Property, plant and equipment, net 2,269 1,941
Intangible assets, net 149,729 160,537
Goodwill 323,463 323,463
Other assets 1,153 1,351
Total Assets 574,697 599,187
Liabilities and Stockholders' Equity    
Accounts payable 1,932 2,551
Accrued employee benefits 4,977 11,343
Accrued expenses 1,959 7,386
Contract liabilities 534 947
Notes payable - current 7,700 12,846
Term convertible note, current 8,026 7,890
Convertible promissory note, current 4,407 4,331
Patent installment payable - current 825 700
Obligation to issue equity 73 119
Warrant liability 28,683 27,458
Income taxes payable 18 23
Other current liabilities 633 682
Total Current Liabilities 59,767 76,276
Notes payable, net of current portion 5,909 8,327
Earnout liability 4,790 3,890
Stock-based compensation liability 213 239
Patent installment payable, net of current portion 11,550 12,375
Deferred income taxes 9,264 13,848
Other liabilities 389 556
Total Liabilities 91,882 115,511
Commitments and Contingencies (Note 16)
Stockholders' Equity    
Common stock 8 7
Additional paid-in capital 632,237 577,070
Accumulated other comprehensive loss (644) (1,260)
Accumulated deficit (418,911) (371,603)
Total Innventure, Inc., Stockholders’ Equity 212,690 204,214
Non-controlling interest 270,125 279,462
Total Stockholders' Equity 482,815 483,676
Total Liabilities and Stockholders' Equity 574,697 599,187
Series B Preferred Stock    
Stockholders' Equity    
Preferred stock 0 0
Series C Preferred Stock    
Liabilities and Stockholders' Equity    
Obligation to issue equity 100  
Stockholders' Equity    
Preferred stock $ 0 $ 0