| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -27,783 | -45,666 | -34,735 | -394,949 |
| Stock-based compensation | 4,832 | 4,900 | 7,725 | 15,247 |
| Interest income on debt securities - related party | 91 | 95 | 104 | 195 |
| Change in fair value of financial liabilities | 63 | -3,350 | -4,109 | 23,605 |
| Net gain on investments-Related Party | NaN | 0 | 0 | 0 |
| Write-off of loan commitment fee asset | NaN | 0 | NaN | NaN |
| Non-cash interest expense on notes payable | 706 | 1,446 | 2,582 | 2,560 |
| Net gain on investments-Nonrelated Party | NaN | 131 | 0 | 0 |
| Net gain on investments | 69 | NaN | NaN | NaN |
| Accrued unpaid interest on note payable | 130 | 116 | 220 | NaN |
| Equity method investment loss (gain) | -1,516 | -2,310 | -1,602 | -8,680 |
| Realized gain on conversion of available for sale investments | 0 | 0 | 0 | 1,507 |
| Loss on extinguishment of debt-Nonrelated Party | -977 | -12,602 | 0 | -3,462 |
| Loss on extinguishment of debt-Related Party | 0 | 0 | 0 | -3,538 |
| Loss on conversion of promissory notes | NaN | 0 | 0 | 0 |
| Deferred income taxes | -3,067 | -5,309 | -4,244 | -3,897 |
| Loss on disposal of ppe | -223 | NaN | NaN | NaN |
| Depreciation and amortization | 5,671 | 5,685 | 5,639 | 11,182 |
| Goodwill impairment | 0 | 0 | 0 | 346,557 |
| Other costs | -130 | 38 | -68 | -165 |
| Accounts receivable | -254 | -475 | 668 | 618 |
| Prepaid expenses and other current assets | 4,046 | 5,215 | 3,149 | 3,312 |
| Inventory | -42 | -4,800 | -216 | 1,442 |
| Accounts payable | 451 | 1,056 | -2,763 | 315 |
| Accrued employee benefits | -6,863 | -764 | 1,161 | 1,330 |
| Accrued expenses | -5,503 | -856 | 334 | 42 |
| Stock-based compensation liability | 3 | 2 | -237 | -686 |
| Income taxes payable | 29 | -907 | 638 | 292 |
| Liability for future stock issuance | NaN | NaN | 2,158 | NaN |
| Other current liabilities | -138 | -128 | -152 | -78 |
| Obligation to issue equity | NaN | 0 | NaN | NaN |
| Other assets | NaN | 1 | 60 | NaN |
| Payment of patent installment | 700 | 0 | 0 | 525 |
| Contract liabilities | -672 | 171 | 86 | 690 |
| Net cash used in operating activities | -34,031 | -24,355 | -19,574 | -36,754 |
| Acquisition of intangible assets | NaN | 0 | NaN | NaN |
| Investment in debt securities-Nonrelated Party | NaN | 0 | 2,708 | NaN |
| Acquisition of net assets, net of cash acquired, through business combination | NaN | 0 | NaN | NaN |
| Investment in available-for-sale debt securities - equity method investee | -2,708 | NaN | NaN | 2,708 |
| Investment in debt securities-Related Party | NaN | 0 | 0 | NaN |
| Proceeds from sale of investments | NaN | 0 | 0 | 0 |
| Advances to equity method investee | NaN | 0 | NaN | 0 |
| Cash withdrawn from trust as a result of business combination | NaN | 0 | NaN | NaN |
| Acquisition of property, plant and equipment | 846 | 46 | 439 | 932 |
| Net cash used in investing activities | -846 | -46 | -439 | -3,640 |
| Proceeds from issuance of equity, net of issuance costs | 37,207 | 8,979 | 0 | 3,675 |
| Proceeds from the issuance of equity to non-controlling interest, net of issuance costs | 0 | 65,050 | 960 | 5,367 |
| Proceeds from the issuance of related party convertible promissory notes and term convertible notes-Related Party | NaN | -2,000 | 2,351 | 3,999 |
| Proceeds from the issuance of related party convertible promissory notes and term convertible notes-Nonrelated Party | NaN | 0 | 12,499 | 2,451 |
| Proceeds from issuance of debt securities, net of issuance costs | NaN | NaN | 9,000 | 27,000 |
| Payment of debts | 3,535 | NaN | 2,701 | 1,176 |
| Proceeds from issuance of debt securities, net of issuance costs-Nonrelated Party | NaN | 40,500 | NaN | NaN |
| Proceeds of related party notes payable | NaN | NaN | 0 | NaN |
| Payment of debts-Nonrelated Party | NaN | 4,617 | NaN | NaN |
| Repurchase of preferred stock | 0 | NaN | NaN | NaN |
| Distributions to stockholders and other | 0 | 0 | 0 | 76 |
| Proceeds from issuance of debt securities, net of issuance costs-Related Party | NaN | 0 | NaN | NaN |
| Payment of debts-Related Party | NaN | 0 | NaN | NaN |
| Net cash flows provided by financing activities | 29,795 | 75,789 | 22,109 | 41,240 |
| Net decrease in cash, cash equivalents and restricted cash | -5,082 | 51,388 | 2,096 | 846 |
| Cash, cash equivalents and restricted cash beginning of period | 65,449 | 14,061 | 11,119 | NaN |
| Cash, cash equivalents and restricted cash end of period | 60,367 | 65,449 | 14,061 | NaN |
Innventure, Inc. (INV)
Innventure, Inc. (INV)