Innventure, Inc. (INV) intrinsic value & 10-year financials

Innventure, Inc. (INV) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 35.7% a year to $2.1M, with an average return on invested capital of -7.4%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.33
Market cap
$17.8M
Revenue (FY2025)
$2.1M
Revenue growth (4-yr CAGR)
35.7%
ROIC (10-yr avg)
-7.4%
Free cash flow (FY2025)
-$82.1M

INV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.1M -$293.3M -$5.39 -$82.1M -22602.1% -153.2%
FY2024 — — — — — —
FY2023 $1.1M -$30.8M — -$20.1M -2119.8% 138.3%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Innventure, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Innventure, Inc. has earned high returns on invested capital, averaging 68.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Innventure, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Innventure, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-179.03 per share.

INV stock: frequently asked questions

What is the intrinsic value of Innventure, Inc. (INV) stock?

Graham's formula only works with positive earnings. Innventure, Inc. reported diluted EPS of -$5.39 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Innventure, Inc. generate free cash flow?

Innventure, Inc. generated -$82.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 2 reported years.

What is INV's return on invested capital?

Average ROIC over the last 4 fiscal years was -7.4%, and average return on equity was 52.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INV data come from?

From Innventure, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.