Innventure (INV) Operating Expenses (2023 - 2025)
Innventure's (INV) quarterly Operating Expenses came in at $429.2 million in Q4 2025, up 1343.27% quarter-over-quarter from $29.7 million in Q3 2025.
Innventure (INV) Operating Expenses (2023 - 2025) Analysis & Trends
Innventure has disclosed Operating Expenses across 3 years of filings, most recently posting $429.2 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $429.2 million, changed N/A year-over-year; the trailing twelve-month figure through Dec 2025 was $863.4 million (up 2281.47% YoY), and the FY2025 annual result was $466.8 million, up 1045.33% from the prior year.
- Operating Expenses came in at $429.2 million for Q4 2025 at Innventure, up from $29.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $429.2 million in Q4 2025 to a low of $6.0 million in Q3 2023.
- The 3-year median for Operating Expenses is $14.0 million (2024), against an average of $101.8 million.
- Peak annual rise in Operating Expenses reached 2330.48% in 2025, while the deepest fall reached 112.56% in 2025.
- Innventure's Operating Expenses stood at $10.2 million in 2023, then jumped by 37.25% to $14.0 million in 2024, then soared by 2967.79% to $429.2 million in 2025.
- The last three Operating Expenses figures came in at $429.2 million (Q4 2025), $29.7 million (Q3 2025), and $143.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | Innventure | 359.45 Mn | 638.91 Mn | -7.56 Mn | 429.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 429.21 Mn |
| Sep 30, 2025 | 29.74 Mn |
| Jun 30, 2025 | 143.05 Mn |
| Mar 31, 2025 | 261.42 Mn |
| Sep 30, 2024 | 13.99 Mn |
| Jun 30, 2024 | 11.51 Mn |
| Mar 31, 2024 | 10.76 Mn |
| Dec 31, 2023 | 10.19 Mn |
| Sep 30, 2023 | 5.99 Mn |