Innventure Inc
innventure.comWhat Do They Do?
Builds and operates companies commercializing industrial technologies in data-center cooling, liquid packaging and plastic-waste conversion for data-center operators, consumer-products brands and industrial customers.
10-K for FY2025, filed Mar 30, 2026Innventure is an industrial growth conglomerate that founds, funds, and operates companies with a focus on commercializing transformative…View ↗
Accelsius provides two-phase, direct-to-chip liquid cooling solutions for servers (and other computing devices) in data centers and edge…View ↗
Accelsius’ go-to-market strategy is through partnerships. Accelsius has signed binding revenue-generating agreements, as well as…View ↗
Currently, the limitations for Refinity’s clients to fully embrace and scale plastic circularity is economic viability and plastic waste…View ↗
AeroFlexx serves CPG companies that currently rely on rigid bottles with caps or pumps, as well as flexible pouch packaging, to deliver…View ↗
How Do They Make Money?
Product sales bring in most revenue: customers pay when the product changes hands under the contract. The ESG Fund pays management fees over the period Innventure provides investment-management services.
10-K for FY2025, filed Mar 30, 2026The Company’s product sales arrangements contain performance obligations satisfied at a point in time when control of the product transfers…View ↗
The Company earns management fees, consulting revenue and carried interest allocations from investment advisory services it provides to its…View ↗
The Company provides investment management services to the ESG Fund, a related party, through which it earns revenue from management fees.…View ↗
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10-K for FY2025, filed Mar 30, 2026
FY2025 revenue by product or service ↗
$2.1M
-
10-K for FY2025, filed Mar 30, 2026
$2.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product revenue
Sold outright
10-K for FY2025, filed Mar 30, 2026 |
76% |
Product revenue, FY2025
$1.6M Sources
|
Sold outright |
|
Management fees - related party
Recurring
10-K for FY2025, filed Mar 30, 2026 |
24% |
Management fees - related party, FY2025
$499K Sources
|
Recurring |
Who Are Their Customers?
Data-center hardware makers, resellers and operators are Accelsius customers reached through partnerships. Consumer-products brands buy AeroFlexx packaging and filling equipment directly or through co-manufacturers; Innventure also provides investment-management services to its related-party ESG Fund.
10-K for FY2025, filed Mar 30, 2026Accelsius’ go-to-market strategy is through partnerships. Accelsius has signed binding revenue-generating agreements, as well as…View ↗
AeroFlexx serves CPG companies that currently rely on rigid bottles with caps or pumps, as well as flexible pouch packaging, to deliver…View ↗
The Company provides investment management services to the ESG Fund, a related party, through which it earns revenue from management fees.…View ↗
10-K for FY2025, filed Mar 30, 2026
Successor Predecessor Year Ended December 31, 2025 October 2, 2024 through December 31, 2024 January 1, 2024 through October 1, 2024…View ↗
Do Revenues Turn Into Profits?
No. It lost $293.3M in FY2025.
10-K for FY2025, filed Mar 30, 2026
−$464.7MView ↗
10-K for FY2025, filed Mar 30, 2026
−$293.3MView ↗
10-K for FY2025, filed Mar 30, 2026
−$82.1MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$26.5MView ↗
- ▼ −69% (Loss)
- vs −$84.2M in Q2 FY2025
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Oct 19, 2026
Eric Stober becomes CFO after Yablunosky's exit
David Yablunosky ceased serving as CFO on the transition date.
Sources
8-K, filed Oct 20, 2026
On October 19, 2026 (the “Transition Date”), David Yablunosky ceased to serve as the Chief Financial Officer, Principal Financial Officer…View ↗
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Aug 31, 2026
William Grieco becomes CEO; Bruce Brown becomes independent chair
The company advanced Grieco's start to September 1, 2026; Michael Otworth resigned as executive chairman.
Sources
8-K, filed Aug 31, 2026
As previously announced by the Company in the June 8-K, the Company and Mr. Haskell entered into a consulting agreement on June 26, 2026…View ↗
Who Do They Compete With?
Competes with Zutacore, LiquidStack, Green Revolution Cooling, TMGCore, Submer, CoolIT Systems, and STULZ
10-K for FY2025, filed Mar 30, 2026The potential size and high growth of the liquid cooling market has attracted several startup competitors across different liquid cooling…View ↗
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