Innventure, Inc.
INV Financial Asset Management
Innventure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 million, up 68.5% from fiscal 2024. In the quarter to June 2026, revenue grew 100.2%, EPS grew 80.0%, free cash flow fell 16.3% and total debt fell 16.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow INV
Innventure, Inc. (INV) Piotroski F-score
Innventure, Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (38.99%) | (16.87%) | Fail | 0 |
| Positive operating cash flow | (80.68m) | (48.06m) | Fail | 0 |
| Rising return on assets | (38.99%) | (16.87%) | Fail | 0 |
| Cash flow above net income | 212.63m | 30.13m | Pass | 1 |
| Falling long-term leverage | 0.01 | 0.03 | Pass | 1 |
| Rising current ratio | 1.09 | 0.35 | Pass | 1 |
| No new shares issued | 54,421,000 | 43,951,000 | Fail | 0 |
| Rising gross margin | (815.86%) | (271.23%) | Fail | 0 |
| Rising asset turnover | 0.00 | 0.00 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BCG Binah Capital Group, Inc. compare | 7 |
| GROW U.S. Global Investors, Inc. compare | 5 |
| INV Innventure, Inc. | 4 |
| RMCO Royalty Management Holding Corporation compare | 4 |
| RAND Rand Capital Corporation compare | 4 |
| AMTD AMTD IDEA Group compare | 3 |
| FGC FG Communities Holdings Inc. compare | 3 |
| BENF Beneficient compare | — |
| MLCI Mount Logan Capital Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover