What is the revenue and EPS growth rate for InnVenture year over year?

What does InnVenture do and what are its main business segments?

What were the key takeaways from InnVenture’s earnings call?

What is InnVenture's latest dividend and current dividend yield?

What were the key takeaways from InnVenture's earnings call?

What guidance did InnVenture's management provide for the next earnings period?

What factors drove the changes in InnVenture's revenue and profit?

What is InnVenture's gross profit margin?

- **Accelsius Breakthrough**: $1B+ pipeline with 75% 2026 production orders, $25M JCI investment, and NeuCool MR250 launch for 250kW cooling.
- **Financial Resilience**: $0.5M Q3 revenue, $14.1M cash, and $15M capital raises to fuel growth.
- **Q&A Insights**: 100+ active pipeline opportunities, no single customer concentration, and 2-3Q booking-to-revenue lag.

**【CEO Opening Remarks】**
- **Accelsius Momentum**: Q3 opportunity pipeline grew 79% QoQ to exceed $1B, with 75% representing 2026 production orders. NeuCool MR250 solution launched at OCP Summit, targeting 250kW cooling capacity. Johnson Controls’ $25M strategic investment validates technology leadership and scalability.
- **AeroFlexx Expansion**: 5th consecutive quarter of revenue across pet, baby, and industrial markets. Won CosmoPet Best Packaging Award and German Packaging Award, with BRCGS certification for manufacturing excellence.
- **Refinity Progress**: Demonstrated fluidized bed conversion of plastic waste to hydrocarbons at bench and pilot scale. Planning 2.5ktpa mid-scale demo in 2026, with full commercial scale targeting 150ktpa.

**【CFO Financial Commentary】**
- **Revenue & Expenses**: Q3 revenue $0.5M (primarily Accelsius PoCs). Total G&A expenses $16.9M (down 9% QoQ). Net loss $34.7M, Adjusted EBITDA loss $17.5M.
- **Balance Sheet**: $14.1M cash (up $3M YoY). Raised $15M via convertible debentures and $9.8M via equity pipe to support growth.

**【Q&A Highlights】**
- **Pipeline Composition**: Over 100 active opportunities, mostly $7-8M in value, with no single dominant customer. 75% of pipeline reflects follow-on orders from successful POCs.
- **Supply Chain Readiness**: Designed for North American dual-sourced components and partnered with contract manufacturers to scale production.
- **Booking Visibility**: Orders typically take 2-3 quarters to fulfill due to data center deployment complexity. Pipeline retention rate remains strong, with minimal attrition.
- **JCI Impact**: Strategic investment signals industry confidence, with potential commercial collaborations expected in coming quarters.

Innventure Inc (INV) Q3 2025 Earnings Call Transcript

- **Excelsius Breakout**: Q2 bookings exceed prior total bookings, with Q3+ multipliers driven by hyperscaler POCs and OEM ramp.
- **2-Phase Cooling Leadership**: 28-40% OPEX savings validated, 75%+ 2026 pipeline in production orders.
- **Portfolio Diversification**: $2.3B Pure Cycle spin-off, Aeroflex APR-certified packaging, Refinitiv plant construction on track.
- **Financial Discipline**: Q2 EBITDA loss improving 38% vs. Q1, $30M capital raise supports growth.
- **Innovation Edge**: Thermal simulation sleds (TTVs) generating new revenue streams for data center testing.

**【CEO Opening Remarks】**
- Highlighted Excelsius' momentum as the core growth driver, with Q2 bookings surpassing all prior bookings combined.
- Emphasized the company's strategy as a 'market-changing companies engine,' citing successful spin-offs like Pure Cycle ($2.3B market cap) and Aeroflex's APR certification for recyclable packaging.
- Announced a $30M capital raise to support growth, with CFO confidence in liquidity management.

**【Josh Clayman, Excelsius CEO】**
- **Market Growth**: UBS survey shows 100% of IT orgs plan AI deployment, driving demand for 2-phase cooling solutions (average POC order size $5M).
- **Key Milestones**:
  - First hyperscaler POC system delivery by Q3, with 2+ other hyperscalers in advanced discussions.
  - OEM orders ramping Q3+, with Equinix deployment and 21+ go-to-market partners (e.g., Park Place, Avnet).
  - Bay Area demo center opening with ODM partner (hyperscaler supplier) by year-end.
- **Performance Validation**: Jacobs Engineering study shows 28-40% OPEX savings vs. single-phase cooling.
- **Pipeline Strength**: 3x+ 2025 bookings coverage, 6x+ 2026 coverage, with 75%+ production orders by 2026.

**【Bill Haskell, nVenture CEO】**
- **Diversified Portfolio**:
  - Pure Cycle: Publicly traded with $2.3B+ market cap, proving nVenture's spin-off model.
  - Aeroflex: 4Q+ revenue growth, APR certification for recyclable packaging, $113M R&D pipeline.
  - Refinitiv: Dow collaboration on plastic-to-olefins conversion, on track for 2025 plant construction.
- **Capital Allocation**: $30M convertible debentures raised Q2, with focus on high-ROI opportunities across portfolio.

**【Dave Yablonowski, CFO】**
- **Q2 Financials**:
  - Total revenue: $500M (Excelsius: $300M, ESG fees: $200M)
  - G&A expenses: $18.6M (down 5% vs. Q1)
  - EBITDA loss: $13.5M (improving from $21.8M Q1)
  - Cash balance: $12M (up from $11.1M)
  - Inventory: $6.6M (up 27% vs. Q1)
- **Balance Sheet Management**:
  - $30M Yorkville convertible debentures issued
  - $6.5M related-party financing
  - $32.4M investments in Aeroflex and ESG fund
- **Guidance**: Expecting revenue weighting to H2, with Excelsius orders converting to production shipments.

**【Q&A Highlights】**
- **Revenue Growth**: Q3 bookings expected to be multiple of Q2, driven by hyperscaler POCs and OEM ramp.
- **Manufacturing Strategy**: 30,000 sq ft Austin facility (27k sq ft manufacturing) + contract manufacturing for scale.
- **Capital Comfort**: CFO confident in liquidity, with access to capital for growth opportunities.
- **Thermal Simulation Product**: TTVs (thermal test vehicles) generating supplemental revenue, used for pre-deployment testing of next-gen chips.


INV

INV fundamentals

Earnings Call

You can ask Aime