| Schedule of Reconciliation for EPS Calculations |
Presented in the table below is a reconciliation of the numerator and denominator for the earnings per share calculations (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | Numerator: | | | | | | | | | Net loss attributable to Innventure, Inc., stockholders | $ | (26,503) | | | $ | (84,227) | | | $ | (47,308) | | | $ | (227,224) | | Less: Cumulative earnings to participating securities | 35 | | | 37 | | | 73 | | | 42 | | Undistributed loss for participating securities | (26,538) | | | (84,264) | | | (47,381) | | | (227,266) | | Less: Undistributed loss attributable to participating securities | — | | | — | | | — | | | — | | | Net loss attributable to common stockholders, basic and diluted | $ | (26,538) | | | $ | (84,264) | | | $ | (47,381) | | | $ | (227,266) | | | | | | | | | | | Denominator: | | | | | | | | Weighted average number of shares outstanding, basic and diluted | 83,117,031 | | | 52,546,491 | | | 80,504,971 | | | 49,417,092 | | Net loss per share attributable to common stockholders, basic and diluted | $ | (0.32) | | | $ | (1.60) | | | $ | (0.59) | | | $ | (4.60) | |
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| Schedule of Antidilutive Securities |
The following table presents the potential Common Stock outstanding that was excluded from the computation of diluted net loss per share of Common Stock for the periods presented because including them would have been antidilutive: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | Public warrants | 11,240,688 | | | 11,240,688 | | | 11,240,688 | | | 11,240,688 | | | Private placement warrants | 7,146,000 | | | 7,146,000 | | | 7,146,000 | | | 7,146,000 | | | 2024 WTI Warrants | 2,493,765 | | | 1,000,000 | | | 2,493,765 | | | 1,000,000 | | | Convertible Debentures | — | | | 2,817,200 | | | — | | | 2,817,200 | | | 2025 WTI Warrants | 495,074 | | | 495,074 | | | 495,074 | | | 495,074 | | | Series A Warrants | 1,625,235 | | | — | | | 1,625,235 | | | — | | | Series B Preferred Stock | 49,558 | | | 41,762 | | | 49,558 | | | 26,516 | | | Series C Preferred Stock | 318,540 | | | 189,000 | | | 318,540 | | | 194,062 | | | Share options | 1,635,192 | | | 1,596,702 | | | 1,635,192 | | | 1,596,702 | | | RSUs | 2,097,321 | | | 2,148,001 | | | 2,097,321 | | | 2,148,001 | | SARs(1) | 4,000,000 | | | 4,000,000 | | | 4,000,000 | | | 4,000,000 | | (1)As of June 25, 2025, each of the Company’s share-settled SAR agreements was amended to limit payments made in the form of Common Stock to a maximum number of shares specified for the applicable holder, which total 4,000,000 in the aggregate. |
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