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Innventure
(NASDAQ:INV)
Innventure (INV) vs. SPDR S&P 500 ETF (SPY)
Innventure Business Overview & Revenue Model
Innventure Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.69M | 1.22M | 1.12M | 942.00K | 1.85M |
| Gross Profit | -14.89M | -3.31M | 1.12M | 942.00K | 1.85M |
| EBITDA | -479.29M | -93.11M | -29.75M | -31.89M | 8.03M |
| Net Income | -317.31M | -78.19M | -30.84M | -32.76M | 6.66M |
Balance Sheet | |||||
| Total Assets | 556.51M | 905.29M | 21.56M | 27.98M | 233.81M |
| Cash, Cash Equivalents and Short-Term Investments | 14.06M | 11.12M | 2.58M | 7.54M | 237.36K |
| Total Debt | 66.00M | 28.28M | 7.41M | 5.90M | 0.00 |
| Total Liabilities | 149.94M | 139.00M | 40.05M | 39.17M | 19.79M |
| Stockholders Equity | 190.77M | 425.52M | -20.05M | -11.85M | 214.03M |
Cash Flow | |||||
| Free Cash Flow | -87.21M | -49.06M | -20.12M | -9.95M | -3.90M |
| Operating Cash Flow | -85.54M | -48.06M | -19.48M | -9.95M | -3.90M |
| Investing Cash Flow | 2.74M | 865.00K | -4.67M | 1.48M | 564.00K |
| Financing Cash Flow | 96.81M | 71.91M | 19.17M | 11.67M | 6.08M |
Innventure Technical Analysis
Innventure Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $377.56M | 6.00 | 17.44% | 6.55% | 6.38% | 25.69% | |
69 Neutral | $229.87M | 6.76 | 9.43% | 17.28% | 206.13% | 298.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $236.62M | 3.88 | 35.45% | 5.39% | ― | ― | |
60 Neutral | $325.95M | 10.34 | 8.20% | 12.83% | 90.34% | -44.25% | |
55 Neutral | $351.62M | 25.71 | 2.72% | 14.10% | -2.38% | -75.49% | |
44 Neutral | $250.98M | -0.49 | -353.77% | ― | ― | -1555.32% |
Innventure Corporate Events
On January 12, 2026, Innventure, Inc. entered into securities purchase agreements with four institutional investors for an SEC-registered public offering of 11,428,572 shares of common stock, raising approximately $40 million in gross proceeds, with the offering closing on January 14, 2026. The company plans to use the net proceeds primarily to fully repay all outstanding convertible debentures, address other indebtedness, fund working capital and general corporate purposes, and potentially exercise its right to receive equity in Accelsius instead of cash for repayment of about $8 million of intercompany convertible debt and interest. The deal, conducted on a reasonable best-efforts basis with Titan Partners Group LLC as sole placement agent, includes a 30-day lock-up on new issuances of common stock or equivalents by Innventure and its executives and directors, and involves standard indemnification and expense reimbursement arrangements, underscoring a near-term focus on deleveraging and balance-sheet strengthening following the effective registration of its shelf offering in January 2026.
The most recent analyst rating on (INV) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.
Innventure subsidiary Accelsius Holdings LLC raised $40 million through the sale of Series B-1 units to Legrand DPC, LLC and Johnson Controls, Inc., implying an Accelsius valuation of about $665 million as of the recently announced funding round; the valuation is based on various estimates and assumptions that may not prove accurate. Separately, as of January 12, 2026, Innventure reported that the outstanding balance on its convertible debentures issued to YA II PN, Ltd. had declined to approximately $6 million from about $32.1 million on September 30, 2025, indicating a material reduction of roughly $26.1 million in this portion of its debt obligations.
The most recent analyst rating on (INV) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.
On December 29, 2025, Innventure subsidiary Accelsius Holdings LLC closed a Series B-1 funding round in which it raised approximately $40 million through the sale of 822,195 Series B-1 Units to new investor Legrand DPC, LLC for about $30 million and 274,065 additional Series B-1 Units to existing investor Johnson Controls, Inc. for about $10 million, adding to the roughly $25 million previously invested by Johnson Controls on October 2, 2025. The unregistered Series B-1 Units, which are convertible into Accelsius Class A Common Units at an initial issue and conversion price of $36.4877 per unit, will fund general corporate purposes and further cement Accelsius’s capital base as it expands its operations and strategic partnerships. In connection with the closing, Accelsius amended its operating agreement to admit Legrand as a member, expand its board to eight directors, and grant Legrand the right to designate one board member with veto authority over key “Preferred Decisions,” including significant indebtedness, changes affecting Series B-1 rights, creation of senior or pari passu units, and increases in authorized equity, while also providing Legrand customary preemptive, information, and transfer-related rights that are similarly available to Johnson Controls. Accelsius also plans to enter into a suite of commercial and strategic agreements with Legrand, including reseller, private label, joint development, supply, and contract manufacturing arrangements, signaling a deepening operational and go-to-market alliance that could enhance Accelsius’s industry positioning and long-term growth prospects.
The most recent analyst rating on (INV) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.
Innventure, Inc. announced its inclusion in the Russell 2000®, Russell 3000®, and Russell Microcap® Indexes, effective December 22, 2025, marking a significant milestone in its strategy execution. This inclusion is expected to enhance Innventure’s visibility within the investment community and broaden its shareholder base, reflecting its progress in transforming breakthrough technologies into scalable businesses.
The most recent analyst rating on (INV) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.
On December 2, 2025, Innventure, Inc. held a Special Meeting of Stockholders where stockholders voted on proposals related to the issuance of additional common stock. The meeting resulted in the approval of two proposals to comply with Nasdaq Listing Rule 5635(d), allowing the issuance of 20% or more of the company’s common stock in connection with convertible debentures issued to Yorkville. The approval of these proposals indicates a strategic move to facilitate financial agreements with Yorkville, potentially impacting the company’s capital structure and market positioning.
The most recent analyst rating on (INV) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.
Innventure, Inc. announced the appointment of Bruce Brown as its first Lead Independent Director, effective November 12, 2025. This new role aims to enhance board operations and stakeholder communications, with Mr. Brown playing a pivotal role in agenda setting and acting as a liaison between the board and stakeholders. Additionally, on November 14, 2025, the company amended its Non-Management Director Compensation Plan to include an annual retainer of $30,000 for the Lead Independent Director, payable quarterly, with an option to receive compensation in company stock.
The most recent analyst rating on (INV) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.
Innventure, Inc., a Delaware corporation, announced the issuance of its Fourth Convertible Debenture to Yorkville, with a principal amount of $5,000,000 on November 12, 2025. This financial move resulted in gross proceeds of approximately $4,500,000 for the company, with the debenture bearing an annual interest rate of 5.0% and maturing on September 15, 2026. The issuance is structured to allow conversion into common stock, subject to certain conditions and limitations, potentially impacting the company’s stock market activities and shareholder dynamics.
The most recent analyst rating on (INV) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Innventure stock, see the INV Stock Forecast page.