Innventure, Inc. (INV) Earnings History

Innventure, Inc. - Q3 FY2025 Earnings

Filed at: Nov 13, 2025, 4:52 PM EST|Read from source

EXECUTIVE SUMMARY

Innventure's momentum continued in Q3 2025 with significant progress across its operating companies, Accelsius, AeroFlexx, and Refinity, positioning the company for a pivotal growth phase. Key milestones were achieved in commercialization and technology development, reinforcing the company's strategy to build billion-dollar valuation companies.

POSITIVE HIGHLIGHTS

  • •

    Accelsius secured strategic investment from Johnson Controls and introduced its NeuCool® MR250 system, demonstrating industry-leading thermal performance.

    positive
  • •

    Accelsius' sales pipeline now exceeds $1 billion, driven by accelerating demand for advanced liquid cooling solutions.

    positive
  • •

    AeroFlexx delivered its 5th consecutive quarter of revenue generation with a growing customer pipeline in the U.S. and Europe.

    positive
  • •

    Refinity is on track to demonstrate pilot scale and finalize initial site selection for its first plant by year-end.

    positive

CONCERNS & RISKS

  • •

    The company reported a significant net loss of $34.7 million for the quarter and a goodwill impairment of $346.6 million for the nine-month period, indicating substantial operational challenges and asset value erosion.

    negative
  • •

    Revenue for the quarter was $534 million, a substantial increase from the prior year's $317 million, but operating expenses significantly outpaced this growth, leading to a widening loss from operations.

    attention
  • •

    Total assets decreased from $905 million to $557 million, primarily due to a significant reduction in goodwill, reflecting a revaluation of the company's assets.

    negative
  • •

    Adjusted EBITDA remained negative at $(17.5) million for the quarter, indicating ongoing cash burn from core operations.

    negative

FINANCIAL METRICS

Revenue
Quarterly
$534.00M
+68.5%
Prior year: $317.00M
Annual (YTD)
$1.23B
N/A
Prior year: $764.00M
Net Income
Quarterly
$-34.73B
N/A
Prior year: $-7.64B
Annual (YTD)
$-429.68B
N/A
Prior year: $-26.48B
EPS (Diluted)
Quarterly
$-0.51
N/A
Prior year: $-0.94
Annual (YTD)
$-4.96
N/A
Prior year: $-2.67
Operating Income
Quarterly
$-29.20B
N/A
Prior year: $-13.67B
Annual (YTD)
$-432.98B
N/A
Prior year: $-35.49B
EPS (Basic)
Quarterly
$-0.51
N/A
Prior year: $-0.94
Annual (YTD)
$-4.96
N/A
Prior year: $-2.67

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

SPECIAL ITEMS & ADJUSTMENTS

Nine months ended September 30, 2025
Goodwill impairment
Recognized due to sustained decreases in the Company’s publicly quoted share price and market capitalization.
+$346,557M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Innventure is entering a pivotal phase of growth with Accelsius, AeroFlexx, and Refinity advancing key commercial and technical milestones.

— Innventure, Inc., Q3 FY2025 2025 Earnings Call

Accelsius is positioned to capitalize on accelerating demand for advanced liquid cooling solutions.

— Innventure, Inc., Q3 FY2025 2025 Earnings Call

AeroFlexx continued its revenue momentum and expanded its global footprint through strategic partnerships.

— Innventure, Inc., Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Accelsius Pipeline
1000.0M
dollars
AeroFlexx Revenue Quarters
5
consecutive quarters

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.