Business Segment Data (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Reportable Segment Information

The following table presents information about the Company’s Technology segment for the Successor period from October 2, 2024 through December 31, 2024, the Predecessor period from January 1, 2024 through October 1, 2024, and for the Predecessor year ended December 31, 2023. The information includes the significant expense categories and amounts regularly provided to the CODM for the reportable segment, which may reflect a different presentation than amounts presented elsewhere in the consolidated financial statements. Inter-segment transactions are not eliminated from segment results when management considers those transactions in assessing the results of the Technology segment.


	Successor				Predecessor
	December 31, 2025		October 2, 2024 through December 31, 2024		January 1, 2024 through October 1, 2024
	(in thousands)				(in thousands)
Revenue from external customers	$	1,557	$	233	$	95
Interest income	139		—		7

Cost of sales	$	7,831	$	3,752	$	777
Employee costs	26,377		3,933		8,076
Facilities, equipment & supplies	3,117		121		581
General and administrative	5,578		751		398
Outside services	1,589		390		842
Research and development	13,864		3,224		2,711
Sales and marketing	1,073		193		442
Depreciation expense *	1,181		6		99
Interest expense	855		90		564
Income tax expense (benefit)	(13,571)		(3,637)		432
Goodwill Impairment	346,557		—		—
Other **	2,435		168		1,832
Total Expenses	$	396,886	$	8,991	$	16,754

Net Loss	$	(395,190)	$	(8,758)	$	(16,652)

* Represents depreciation not already included in Cost of sales.

** Other - change in fair value of financial liabilities, loss on conversion of promissory notes, travel and other miscellaneous expenses.

The following table reconciles the reportable segment to amounts reflected in our consolidated financial statements.


	Successor				Predecessor
	December 31, 2025		October 2, 2024 through December 31, 2024		January 1, 2024 through October 1, 2024
Revenues:
Technology	$	1,557	$	233	$	95
Other	607		250		750
Elimination of management services provided to Technology	(108)		(27)		(81)
Consolidated Revenues	$	2,056	$	456	$	764

Interest Expense:
Technology	$	855	$	90	$	564
Other	9,865		1,240		1,069
Elimination of Intercompany Interest	(486)		—
Consolidated Interest Expense	$	10,234	$	1,330	$	1,633

Interest Income:
Technology	$	139	$	—	$	7
Other	903		198		326
Elimination of Intercompany Interest	(486)		—		—
Consolidated Interest Income	$	556	$	198	$	333

Depreciation and Amortization Expense:
Technology	$	22,497	$	5,455	$	146
Other	9		—
Consolidated Depreciation and Amortization Expense	$	22,506	$	5,455	$	146

Net Loss:
Technology	$	(395,190)	$	(8,758)	$	(16,652)
Other	(80,160)		(61,335)		(11,546)
Consolidated Net Loss	$	(475,350)	$	(70,093)	$	(28,198)

Capital Expenditures:
Technology	$	1,417	$	266	$	736
Other	—		—		—
Consolidated Capital Expenditures	$	1,417	$	266	$	736

Innventure, Inc. 10-K