Financial Performance - Revenue for the year ended December 31, 2025, was $2,056,000, a substantial increase from $456,000 in 2024[18] - The net loss for the year ended December 31, 2025, was $475,350,000, with a basic and diluted loss per share of $5.39[18] - The company reported a net loss of $475.35 million for the year ended December 31, 2025, compared to a net loss of $70.09 million for the period through December 31, 2024[20] - Stock-based compensation increased to $27.87 million for the year ended December 31, 2025, up from $16.34 million for the previous period[20] - The company reported an adjusted EBITDA of $(78.76) million for the year ended December 31, 2025, compared to $(17.15) million for the previous period[24] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased to $60,449,000 as of December 31, 2025, up from $11,119,000 in 2024[17] - The company had a net cash increase of $54.33 million for the year ended December 31, 2025, compared to an increase of $11.07 million for the previous period[22] - Net cash used in operating activities was $80.68 million for the year ended December 31, 2025, compared to $29.21 million for the period through December 31, 2024[20] - Cash flows provided by financing activities totaled $139.14 million for the year ended December 31, 2025, compared to $33.47 million for the period through December 31, 2024[22] - The company reported a net cash used in investing activities of $4.13 million for the year ended December 31, 2025, compared to a net cash provided of $6.82 million for the previous period[22] Expenses and Impairments - Total operating expenses for 2025 were $466,755,000, compared to $40,753,000 in 2024, primarily due to a goodwill impairment of $346,557,000[18] - The company recognized a goodwill impairment of $346.56 million due to a decline in its publicly quoted share price and market capitalization[28] - Consolidated general and administrative expenses declined by 61% in Q4 2025 compared to Q4 2024, reflecting effective cost management[1] - The company incurred a loss on extinguishment of debt amounting to $16.06 million for the year ended December 31, 2025[29] Strategic Goals and Initiatives - Innventure reported over $50 million in bookings in early 2026, indicating a significant commercial inflection point[1] - The company aims to achieve cash-flow positivity in 2026, with Accelsius scaling operations and AeroFlexx entering anchor-customer adoption[2] - Innventure's approach focuses on building billion-dollar valuations through the commercialization of breakthrough technology solutions[5] - The company is actively reducing reliance on its balance sheet by advancing independent capital formation among its operating companies[1] Asset Management - Total assets decreased to $599,187,000 in 2025 from $905,289,000 in 2024, largely due to a reduction in goodwill[17] - The company made an investment of $2.71 million in available-for-sale debt securities for the year ended December 31, 2025[22]
Innventure, Inc.(INV) - 2025 Q4 - Annual Results