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Net Loss Per Share | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Net Loss Per Share | Note 17. Net Loss Per Share The Company follows the two-class method when computing net loss per common share when shares are issued that meet the definition of participating securities. The two-class method requires income available to common shareholders for the period to be allocated between common shares and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The two-class method also requires losses for the period to be allocated between common shares and participating securities based on their respective rights if the participating security contractually participates in losses. As holders of Series B preferred shares, Series C preferred shares and WTI warrants, which are determined to be participating securities, do not have a contractual obligation to fund losses, undistributed net losses are not allocated to them for purposes of the loss per share calculation. Given the historical structure of the Predecessor, the Company determined that the calculation of earnings per membership unit results in values that are not a valuable metric to users of these consolidated financial statements. Therefore, earnings per share (“EPS”) information is omitted for the Predecessor periods. Presented in the table below is a reconciliation of the numerator and denominator for the EPS calculations(in thousands except per share amounts):
| December 31, 2025 |  | October 2, 2024 through December 31, 2024
Numerator: |  |  |
Net loss attributable to Innventure, Inc. shareholders | $ | (293,317) |  |  | $ | (61,754) |
Less: Cumulative earnings to participating securities | 120 |  |  | 217 |
Undistributed loss for participating securities | (293,437) |  |  | (61,971) |
Less: Undistributed loss attributable to participating securities | — |  |  | — |
Net Loss attributable to common shareholders, basic and diluted | $ | (293,437) |  |  | $ | (61,971) |
Denominator: |  |  |
Weighted average number of units outstanding, basic and diluted | 54,421 |  |  | 43,951 |
Net loss per share attributable to common shareholders, basic and diluted | $ | (5.39) |  |  | $ | (1.41) |
Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential common stock outstanding would have been anti-dilutive. The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock for the periods presented because including them would have been antidilutive:
| December 31, 2025 |  | December 31, 2024
Public warrants | 11,246,000 |  |  | 11,500,000 |
Private placement warrants | 7,146,000 |  |  | 7,146,000 |
2024 WTI Warrants | 1,000,000 |  |  | 1,000,000 |
Convertible Debentures | 1,750,726 |  |  | — |
2025 WTI Warrants | 495,074 |  |  | — |
Series B Preferred Stock | 55,067 |  |  | 1,011,869 |
Series C Preferred Stock | 249,214 |  |  | — |
Share options | 1,026,404 |  |  | 975,409 |
RSUs | 1,029,435 |  |  | 2,036,476 |
SARs | 4,000,000 |  |  | 320,000 |

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