Filing Flows › Companies › Innventure › Cash flow
Innventure cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$25.7M in Q2 2026 · −$105M over twelve months
Analysis
In Q2 2026, Innventure generated −$25.4M of operating cash flow and spent $228K on capital projects, leaving free cash flow of −$25.7M. That is $3.6M less than in Q2 2025 (−$22.1M).
Over the twelve months to Jun 30, 2026, operating cash flow was −$103M; the largest uses were operating cash flow ($103M), capital spending ($1.6M); besides operations, cash came from partners ($66.0M), shares issued ($59.2M); the cash balance rose by $34.6M.
Operating cash flow was −$25.4M against net income of −$34.9M. The largest differences: depreciation & amortization +$5.7M, stock-based pay +$5.5M, deferred taxes −$1.5M.
Its cash conversion cycle was 138 days (receivables 141 + inventory 41 − payables 44).
Free cash flow
Cash runway and the debt wall
Innventure is burning cash: its operations consume cash, a free cash flow of −$105M a year at the current rate against $41.5M of cash and investments: a runway of about 5 months before any new financing.
Where the cash came from and went
From profit to cash
| Quarter | Receivable days | Inventory days | Payable days | Cash conversion cycle |
|---|---|---|---|---|
| Q2 2026 | 141 | 41 | 44 | 138 |
| Q1 2026 | 60 | 27 | 48 | 40 |
| Q4 2025 | 149 | 32 | 13 | 167 |
| Q3 2025 | 213 | 144 | 51 | 307 |
| Q2 2025 | 109 | 188 | 139 | 158 |
| Q1 2025 | 104 | 2543 | 2032 | 615 |
Every quarter
| Quarter | Operating cash flow | Capital spending | Acquisitions | Dividends | Net borrowing (+) / repaid (−) | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | −$25.4M | −$228K | — | — | −$1.2M | $13.0M | $13.8M | −$25.7M |
| Q1 2026 | −$34.0M | −$846K | — | — | −$7.4M | $37.2M | $5.1M | −$34.9M |
| Q4 2025 | −$24.4M | −$46K | — | — | — | $9.0M | −$51.4M | −$24.4M |
| Q3 2025 | −$19.6M | −$439K | — | — | −$2.7M | — | −$2.1M | −$20.0M |
| Q2 2025 | −$22.1M | −$15K | — | — | −$876K | — | −$10.6M | −$22.1M |
| Q1 2025 | −$14.7M | −$917K | — | −$26K | −$300K | $3.7M | $9.7M | −$15.6M |
| Q4 2024 | −$29.2M | −$266K | $16K | −$663K | — | $15.4M | −$11.1M | −$29.5M |
| Q3 2024 | −$2.5M | −$30K | — | — | — | $3.1M | −$14.1M | −$2.5M |
Innventure: income statement and cash flow
Innventure, Q2 2026: revenue $953K (+100% year over year). The chart follows the revenue to costs, profit and cash.
Innventure: every quarter, Q/Q and Y/Y → Open in the app
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.