Filing Flows › Innventure (INV) › Q3 2025
Innventure (INV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Innventure (INV) reported revenue of $534K for the third quarter 2025 (Q3 2025), +68% from a year earlier and +12% from the quarter before.
Innventure, Q3 2025: revenue $534K (+68% year over year), net loss $34.7M, operating cash flow −$19.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $534K | +12% | +68% |
| Operating profit | −$29.2M | — | — |
| Net earnings | −$34.7M | — | — |
| Operating cash flow | −$19.6M | — | — |
What changed
Revenue was $534K in Q3 2025, up 68% year over year and up 12% from the previous quarter.
Operating costs exceeded revenue by $29.2M, an operating margin of -5469.1%. Total costs grew 95% against revenue growth of 68%. The fastest-growing cost line was Cost of revenue (+434%). The quarter ended with a net loss of $34.7M, narrower than the previous quarter's $141.3M loss. Minority interests bore $6.4M of it: to shareholders the quarter was a loss of $28.3M.
Operating cash flow was −$19.6M. Non-cash charges added back $5.6M of depreciation and amortization and $7.7M of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $439K exceeded it, leaving free cash flow of −$20.0M.
Questions
What was Innventure's revenue in the third quarter 2025?
Innventure (INV) reported revenue of $534K for the third quarter 2025 (Q3 2025), +68% from a year earlier and +12% from the quarter before.
Source: Innventure 10-Q on SEC EDGAR.