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Innventure (INV) investor relations material
Innventure Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Opportunity pipeline grew 79% quarter-over-quarter, now exceeding $1 billion, with over 80% representing production opportunities for 2026, indicating a shift from proof-of-concept to large-scale deployments.
Q3 order bookings for Accelsius surpassed all previous quarters combined, with expectations for continued growth into Q4 and beyond.
Johnson Controls made a $25 million strategic investment in Accelsius in October 2025, validating its technology and market position.
AeroFlexx achieved its fifth consecutive quarter of revenue recognition, expanded across multiple market categories, and received industry awards for packaging innovation.
Refinity advanced its commercialization roadmap, progressing toward pilot scale demonstration and site selection for its first plant by year-end.
Financial highlights
Q3 2025 revenue was $0.53 million, up from $0.32 million in Q3 2024; nine-month revenue reached $1.23 million, up 61.5% year-over-year.
Net loss for Q3 2025 was $34.7 million; for the nine months ended September 30, 2025, net loss was $429.7 million, including a $346.6 million goodwill impairment.
Adjusted EBITDA for Q3 2025 was $(17.5) million; for the nine months ended September 30, 2025, Adjusted EBITDA was $(55.5) million.
Cash and cash equivalents at September 30, 2025, were $9.1 million, down from $11.1 million at December 31, 2024.
General & administrative expenses were $16.9 million in Q3 2025, down from $18.6 million in Q2 and $19.7 million in Q1.
Outlook and guidance
Management anticipates meaningful revenue growth in upcoming quarters and years, driven by a robust pipeline and recent commercial progress.
Revenue growth is expected to outpace costs as Accelsius scales.
Bookings velocity and pipeline growth suggest continued momentum into Q4 and 2026.
Management expects at least $50 million in funding needs over the next 12 months to support operations and growth, with an additional $25 million for expansion.
Substantial doubt exists about the company's ability to continue as a going concern within one year without additional capital raises.
JCI partnership's expected commercial impact?
Refinity's funding plan for 2026 mid-scale demo?
Capital allocation strategy to boost shareholder value?
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Next Innventure earnings date
Sidoti's Year End Virtual Investor Conference11 Dec, 2025
Next Innventure earnings date
Sidoti's Year End Virtual Investor Conference11 Dec, 2025
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Frequently asked questions
Innventure Inc. operates as a venture creation company specializing in the identification, development, and commercialization of breakthrough technologies. The company collaborates with global corporations and research institutions to establish startups that leverage patented innovations. Its business model focuses on scaling new ventures across sectors such as advanced materials, life sciences, and industrial technologies. The company is headquartered in Orlando, Florida, and its shares are listed on the NASDAQ.
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