Innventure (INV) Operating Expenses (2023 - 2026)

Innventure (INV) posted Operating Expenses of $429.2 million for Q4 2025, up 1343.27% sequentially from $29.7 million in Q3 2025.

Innventure (INV) Operating Expenses (2023 - 2026) Analysis & Trends

Innventure has reported Operating Expenses for 3 years, with the latest figure at $429.2 million in Q4 2025.

Quarterly Operating Expenses changed N/A year-over-year to $429.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $863.4 million (up 2281.47% YoY) and the FY2025 annual result came in at $466.8 million, up 1045.33% from the prior year.
Operating Expenses improved to $429.2 million in Q4 2025 per INV's latest filing, from $29.7 million in the prior quarter.
Over five years, Operating Expenses peaked at $429.2 million in Q4 2025 and troughed at $6.0 million in Q3 2023.
A 3-year average of $101.8 million and a median of $14.0 million in 2024 frame the typical range for Operating Expenses.
The widest YoY moves for Operating Expenses: up 2330.48% in 2025, down 112.56% in 2025.
Over 3 years, Operating Expenses stood at $10.2 million in 2023, then soared by 37.25% to $14.0 million in 2024, then surged by 2967.79% to $429.2 million in 2025.
According to Business Quant data, Operating Expenses over the past three periods registered $429.2 million, $29.7 million, and $143.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Qtr)
1	BlackRock	176.99 Bn	163.12 Bn	-	4.62 Bn
2	Blackstone	113.16 Bn	110.65 Bn	-	2.38 Bn
3	Kkr	96.05 Bn	-181.02 Bn	-	5.41 Bn
4	Brookfield	92.54 Bn	45.14 Bn	-	14.94 Bn
5	Brookfield Asset Management	82.31 Bn	80.81 Bn	-	659.00 Mn
6	Apollo Global Management	77.14 Bn	51.77 Bn	10.54 Bn	8.74 Bn
7	State Street	50.64 Bn	50.64 Bn	-	2.66 Bn
8	Ameriprise Financial	50.31 Bn	39.27 Bn	4.72 Bn	3.50 Bn
9	Northern Trust	33.61 Bn	33.61 Bn	-	1.64 Bn
10	Innventure	127.16 Mn	127.16 Mn	-4.12 Mn	32.44 Mn

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