Filing Flows › Innventure (INV) › Q2 2025
Innventure (INV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Innventure (INV) reported revenue of $476K for the second quarter 2025 (Q2 2025), +113% from a year earlier and +112% from the quarter before.
Innventure, Q2 2025: revenue $476K (+114% year over year), net loss $141M, operating cash flow −$22.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $476K | +112% | +113% |
| Operating profit | −$143M | — | — |
| Net earnings | −$141M | — | — |
| Operating cash flow | −$22.1M | — | — |
What changed
Revenue was $476K in Q2 2025, up 113% year over year and up 112% from the previous quarter.
Operating costs exceeded revenue by $142.6M, an operating margin of -29952.5%. Total costs grew 1143% against revenue growth of 113%. The fastest-growing cost line was Research & development (+244%). The quarter ended with a net loss of $141.3M, narrower than the previous quarter's $253.7M loss. Minority interests bore $57.0M of it: to shareholders the quarter was a loss of $84.2M.
Operating cash flow was −$22.1M. Non-cash charges added back $5.6M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items added $104.2M. Capital expenditures of $15K exceeded it, leaving free cash flow of −$22.1M.
Questions
What was Innventure's revenue in the second quarter 2025?
Innventure (INV) reported revenue of $476K for the second quarter 2025 (Q2 2025), +113% from a year earlier and +112% from the quarter before.
Source: Innventure 10-Q on SEC EDGAR.