Financial Statements — INNV
Balance Sheet
(in millions USD)| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 95.54 | 83.20 | 67.15 | 60.45 | 46.08 | 39.02 | 54.10 | 54.08 | 88.40 | 121.71 | 99.46 | 188.22 | 199.49 | 216.31 | 215.53 | 201.53 |
| Short-term Investments | 43.05 | 42.76 | 42.27 | 41.28 | 40.78 | 46.66 | 45.24 | 44.69 | 46.83 | 45.85 | 45.42 | -- | -- | -- | -- | -- |
| Accounts Receivable | 28.58 | 21.30 | 23.17 | 44.40 | 49.76 | 46.74 | 36.46 | 43.46 | 44.19 | 34.20 | 38.64 | 37.52 | 31.91 | 33.29 | 28.39 | 44.36 |
| Total Current Assets | 202.61 | 181.85 | 161.70 | 176.18 | 167.95 | 158.55 | 153.07 | 156.96 | 196.11 | 215.94 | 199.49 | 242.93 | 250.45 | 265.94 | 260.63 | 251.88 |
| Property, Plant & Equipment | 165.35 | 164.59 | 166.28 | 177.50 | 179.02 | 189.90 | 191.19 | 195.62 | 190.06 | 192.91 | 185.77 | 181.09 | 163.88 | 152.20 | 141.99 | 141.51 |
| Goodwill | 142.05 | 142.05 | 142.05 | 142.05 | 139.95 | 139.95 | 140.08 | 141.57 | 124.22 | 124.22 | 124.22 | 124.22 | 124.22 | 124.22 | 124.22 | 124.22 |
| Intangible Assets | 3.38 | 3.55 | 3.71 | 4.04 | 4.21 | 4.37 | 4.70 | 4.87 | 5.03 | 5.36 | 5.53 | 5.69 | 8.77 | 6.19 | 6.35 | -- |
| Total Non-current Assets | 344.78 | 345.63 | 348.54 | 360.47 | 356.83 | 369.17 | 374.29 | 377.30 | 349.49 | 353.46 | 346.63 | 342.05 | 307.74 | 292.06 | 282.24 | 279.52 |
| Total Assets | 547.39 | 527.48 | 510.23 | 536.65 | 524.78 | 527.72 | 527.36 | 534.26 | 545.59 | 569.41 | 546.12 | 584.98 | 558.19 | 558.00 | 542.87 | 531.40 |
| Accounts Payable | 105.59 | 55.90 | 50.80 | 75.18 | 58.05 | 45.85 | 48.89 | 52.37 | 46.92 | 48.20 | 48.90 | 50.86 | 41.83 | 39.22 | 33.35 | 33.22 |
| Total Current Liabilities | 195.89 | 144.70 | 138.49 | 225.32 | 144.97 | 131.35 | 121.97 | 123.13 | 138.81 | 137.69 | 106.19 | 131.42 | 94.39 | 89.32 | 81.15 | 93.99 |
| Long-term Debt | 55.43 | 55.99 | 56.15 | 1.77 | 59.80 | 60.64 | 62.32 | 63.16 | 64.00 | 65.69 | 66.53 | 67.37 | 69.05 | 69.89 | 70.73 | 72.42 |
| Total Non-current Liabilities* | 92.61 | 94.02 | 95.98 | 43.62 | 101.86 | 105.66 | 107.06 | 108.16 | 101.73 | 106.08 | 108.16 | 112.31 | 97.68 | 100.25 | 95.18 | 86.35 |
| Total Liabilities | 288.50 | 238.72 | 234.47 | 268.94 | 246.83 | 237.01 | 229.03 | 231.29 | 240.55 | 243.76 | 214.34 | 243.73 | 192.07 | 189.57 | 176.33 | 180.33 |
| Retained Earnings | (111.87) | (82.41) | (93.03) | (97.84) | (86.46) | (73.24) | (55.58) | (49.69) | (46.25) | (24.77) | (18.14) | (8.34) | 17.44 | 17.70 | 18.94 | 4.82 |
| Total Stockholder Equity | 229.03 | 256.79 | 244.98 | 237.96 | 248.46 | 260.94 | 281.15 | 285.50 | 287.20 | 306.32 | 311.78 | 320.50 | 343.92 | 343.33 | 343.79 | 328.08 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 261.95 | 251.94 | 239.71 | 236.11 | 221.42 | 218.14 | 209.00 | 205.14 | 199.40 | 193.07 | 188.90 | 182.49 | 176.87 | 172.54 | 167.46 | 171.22 | 172.86 | 177.36 | 175.35 | 173.07 |
| Cost of Revenue* | 199.39 | 190.92 | 186.88 | 184.75 | 180.13 | 177.40 | 171.93 | 170.60 | 162.82 | 159.07 | 155.29 | 154.61 | 148.37 | 143.75 | -- | -- | -- | -- | -- | -- |
| Gross Profit | 62.56 | 61.02 | 52.83 | 51.36 | 41.29 | 40.75 | 37.07 | 34.54 | 36.58 | 34.00 | 33.61 | 27.88 | 28.51 | 28.79 | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 33.08 | 76.53 | 26.61 | 30.27 | 27.82 | 38.60 | 28.10 | 27.54 | 29.59 | 27.55 | 25.25 | 28.95 | 28.99 | 27.65 | 28.82 | 30.18 | 27.41 | 24.68 | 28.48 | 21.08 |
| Total Operating Expenses | 52.42 | 90.10 | 39.56 | 43.07 | 43.44 | 50.91 | 49.62 | 39.44 | 41.46 | 39.79 | 35.40 | 38.60 | 39.45 | 36.95 | 36.25 | 38.03 | 35.98 | 103.80 | -- | -- |
| Operating Income | 10.15 | (29.08) | 13.26 | 8.29 | (2.15) | (10.16) | (12.56) | (4.90) | (4.88) | (5.79) | (1.78) | (10.72) | (10.94) | (8.17) | (13.68) | (16.60) | (12.35) | (6.67) | 2.95 | 11.66 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.02 | 0.94 | 0.66 | -- | 0.41 | 0.22 | 0.60 | 0.60 | 0.71 | 0.67 | 0.55 |
| Pretax Income* | 8.17 | (29.29) | 11.27 | 8.27 | 0.02 | (11.31) | (13.19) | (4.53) | (0.39) | (6.11) | (3.35) | (10.08) | (10.67) | (7.99) | (12.70) | (16.54) | (12.07) | (6.94) | 2.52 | 10.68 |
| Tax Provision | (0.12) | 0.17 | 0.65 | 0.25 | 0.81 | 0.07 | 0.03 | 0.40 | 1.31 | (0.22) | 0.09 | 0.23 | 0.51 | (1.36) | (2.91) | (3.47) | 0.64 | (4.12) | 1.20 | 3.00 |
| Net Income | 8.29 | (29.46) | 10.62 | 8.02 | (0.78) | (11.38) | (13.22) | (4.93) | (1.70) | (5.89) | (3.45) | (10.30) | (11.18) | (6.63) | (9.79) | (13.07) | (12.71) | (2.82) | 1.32 | 7.69 |
| Basic EPS | -- | (0.22) | 0.08 | 0.06 | 0.00 | (0.08) | (0.10) | (0.04) | (0.01) | (0.04) | (0.03) | (0.08) | (0.08) | (0.05) | (0.07) | (0.10) | (0.10) | (0.02) | 0.01 | 0.06 |
| Diluted EPS | -- | (0.22) | 0.08 | 0.06 | 0.00 | (0.08) | (0.10) | (0.04) | (0.01) | (0.04) | (0.03) | (0.08) | (0.08) | (0.05) | (0.07) | (0.10) | (0.10) | (0.02) | 0.01 | 0.06 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 21.29 | 18.14 | 21.36 | 3.92 | 9.00 | 24.63 | 6.75 | (7.52) | 1.87 | 3.51 | (9.29) | (32.98) | 13.15 | 29.08 | (35.12) | 13.13 | 3.24 | (7.52) | 11.02 | 20.56 |
| Capital Expenditures | 4.27 | 3.60 | 2.36 | 4.08 | (0.18) | 2.90 | 1.34 | 2.20 | 3.31 | 0.45 | 1.59 | 2.57 | 4.03 | 4.70 | 6.97 | 7.67 | 18.10 | 8.46 | 8.64 | 3.04 |
| Free Cash Flow* | 17.02 | 14.54 | 19.00 | (0.15) | 9.18 | 21.73 | 5.41 | (9.72) | (1.43) | 3.06 | (10.88) | (35.56) | 9.13 | 24.38 | (42.08) | 5.46 | (14.85) | (15.98) | 2.38 | 17.52 |
| Investing Cash Flow | (4.82) | (3.80) | (2.90) | (0.81) | 0.98 | (8.14) | 4.40 | (2.79) | 0.93 | (1.05) | (23.11) | (3.14) | (5.19) | (4.70) | (51.97) | (7.67) | (16.66) | (9.90) | (8.64) | (5.04) |
| Financing Cash Flow | (14.11) | (2.01) | (2.40) | (0.01) | (5.25) | (2.12) | (4.09) | (7.62) | 0.04 | (2.44) | (1.91) | (2.73) | (2.42) | (2.13) | (1.68) | (1.67) | (1.65) | (1.62) | (1.60) | (1.45) |
* Derived from reported values