Innventure, Inc. · NASDAQ:INV
Innventure — Q1 2026 Earnings Presentation
19 slides from Innventure's earnings presentation, May 14, 2026
Slide 1: First Quarter 2026 Earnings Presentation
First Quarter 2026 Earnings Presentation May 14, 2026
Slide 2: Disclaimer
2 Disclaimer The material that follows is a presentation ("Presentation") of information about Innventure, Inc. and its subsidiaries (together referred to herein as "Innventure," the "Company," "us," "our," or "we") as of the date of this presentation. The Presentation does not purport to contain al
Slide 3: Disclaimer (cont.)
3 Disclaimer (cont.) • sustained unfavorable economic or other conditions which could require Innventure to evaluate and potentially record additional impairment charges for all, or a portion of, its goodwill and other intangible assets; • the Company’s ability to maintain control over its subsidiar
Slide 4: Disclaimer (cont.)
4 Disclaimer (cont.) • the risk of a cyber-attack or a failure of the Company’s information technology and data security infrastructure; • actions by activist shareholders; • geopolitical risk and changes in applicable laws or regulations, including with respect to foreign trade policy and tariffs;
Slide 5: Disclaimer (cont.)
5 Disclaimer (cont.) Market and Industry Data Certain market, industry and other data used herein have been obtained or derived from third-party sources and publications as well as from research reports prepared for other purposes. Although the information from these third-party sources is believed
Slide 6: Non-GAAP Financial Measures
6 Non-GAAP Financial Measures We use certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (GAAP) to supplement our consolidated financial statements. These non-GAAP financial measures provide additional information to investors to
Slide 7: Maturing Platform Marching Towards Commercial Adoption
7 Maturing Platform Marching Towards Commercial Adoption • Corporate governance meaningfully advanced, with the recent addition and nomination of seasoned independent operators to the Board • Received explicit public support from a large, engaged shareholder, reinforcing alignment around strategy an
Slide 8: Operating Company Updates
8 OPERATING COMPANY UPDATES
Slide 9: Accelsius – True Commercialization is Here
9 Accelsius – True Commercialization is Here 1Q26 bookings of greater than $50 million, all tied to greenfield Bookings Velocity data center deployments Following historical adoption curves seen in prior data center and Technology Tipping Point compute infrastructure transitions Recent $65 million S
Slide 10: AeroFlexx – Continued Momentum and Execution
10 AeroFlexx – Continued Momentum and Execution Manufacturing Readiness Consistent Revenue Strong Commercial Expansion Generation Sales Pipeline Packaging 7 ~$30M Imolese 1Q26 marked the seventh consecutive quarter of revenue AeroFlexx commercial sales pipeline now just under $30 New regional capabi
Slide 11: Refinity – Executing with Exceptional Speed
11 Refinity – Executing with Exceptional Speed 2026 Achievements and Future Roadmap Status Filed multiple patent applications on Refinity DuoZone reactor design and Completed operation, and licensed additional process technologies to expand IP portfolio 1Q26 Complete detailed engineering for 10 kilo
Slide 12: Financial Overview
12 FINANCIAL OVERVIEW
Slide 13: Significantly Improved G&A Expenses
13 Significantly Improved G&A Expenses $ in millions G&A Expense by Category G&A Expense by Company $35 $35 Non-Cash Refinity $29.7 $29.7 $30 Other $30 Accelsius Prof Svcs $25 Personnel $25 Innventure (topco) $19.7 $19.7 $20 $18.6 $20 14.4 $18.6 (non-cash) $16.9 $16.9 $15 $12.7 $15 $12.7 $11.5 4.9 $
Slide 14: Cash & Liquidity
14 Cash & Liquidity $ in millions up $59.0 million year-over-year $65.4 In January 2026, $60.4 Innventure closed a registered offering resulting in gross proceeds of approximately $40 million Current liquidity gives Innventure and its operating companies the near-term cash runway it $14.1 needs as t
Slide 15: Revenue Growth Picking up Speed
15 Revenue Growth Picking up Speed Consolidated Revenue Momentum 2026 marks commercial inflection $ in millions $2.1 >$50 million Total 1Q26 bookings 2025$1.4 ~$100 million $1.2 2025 2024 1Q26 Implied December 2026 annual revenue exit run rate for Accelsius to hit expected 2024 $0.2 operating cash f
Slide 16: Q&A
16 Q&A
Slide 17: Appendix
17 APPENDIX
Slide 18: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
18 Reconciliation of Net Loss to EBITDA and Adjusted EBITDA The following table provides a reconciliation from Net Loss to EBITDA and Adjusted EBITDA for the specified periods: Three Months Ended $ in thousands March 31, 2026 March 31, 2025 Net loss $ (27,783) $ (253,674) Interest expense, net(1) 98
Slide 19: Innventure
Innventure Creating Companies to Transform Tomorrow