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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue $ 224 $ 224
Operating Expenses    
Cost of sales 184 0
General and administrative 19,676 7,904
Sales and marketing 2,096 1,183
Research and development 6,253 1,669
Goodwill impairment 233,213 0
Total Operating Expenses 261,422 10,756
Loss from Operations (261,198) (10,532)
Non-operating (Expense) and Income    
Interest expense, net (1,538) (405)
Change in fair value of financial liabilities 16,429 (478)
Equity method investment (loss) gain (6,756) 5
Realized gain on conversion of available for sale investment 1,507 0
Miscellaneous other income 21 0
Total Non-operating Income 6,125 3,006
Loss before income taxes (255,073) (7,526)
Income tax benefit (1,399) 0
Net Loss (253,674) (7,526)
Less: net loss attributable to    
Non-redeemable non-controlling interest (110,677) (2,307)
Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders $ (142,997) (5,219)
Basic loss per unit (in usd per share) $ (3.10)  
Diluted loss per share (in usd per share) $ (3.10)  
Basic weighted average common shares (in shares) 46,252,922  
Diluted weighted average common shares (in shares) 46,252,922  
Other comprehensive loss, net of taxes:    
Unrealized loss on available for sale debt securities - related party $ (880) 0
Reclassification of realized gain on conversion of available for sale investments (1,507) 0
Total other comprehensive loss, net of taxes (2,387) 0
Total comprehensive loss, net of taxes (256,061) (7,526)
Less: comprehensive loss attributable to    
Non-redeemable non-controlling interest (110,677) (2,307)
Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders (145,384) (5,219)
Nonrelated party    
Non-operating (Expense) and Income    
Net gain (loss) on investments 0 5,189
Loss on extinguishment and conversion of debt 0 (1,119)
Related party    
Non-operating (Expense) and Income    
Net gain (loss) on investments 0 (186)
Loss on extinguishment and conversion of debt $ (3,538) $ 0