Innventure (INVLW) Operating Expenses (2023 - 2025)

Innventure's (INVLW) 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 (INVLW) 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 - - -7.56 Mn 429.21 Mn

Historic Data

Download Data
DateValue
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