ORLANDO, Fla., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ: INV) (“Innventure”), an industrial growth conglomerate, today issued the following statement in response to the Schedule 13 D filed by Commonwealth Asset Management: Innventure’s Board of Directors and management team are committed to acting in the best interest of all shareholders. We regularly engage with our shareholders and evaluate a variety of strategic priorities in line with our commitment to supporting the Company’s long-ter ...

Innventure company produces metric ton of product from real-world plastic waste, files patent applications, and secures technology licenses to expand capabilitiesORLANDO, Fla., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Refinity, an Innventure (NASDAQ:INV) company focused on transforming plastic waste into valuable chemical intermediates, today announced significant technology validation results and strategic progress in its first 14 months of operations. The company has confirmed its conversion technology performs ...

Summary of Innventure Year-End Conference Call Company Overview - **Company Name**: Innventure - **Ticker**: INV - **Business Model**: Innventure focuses on starting, building, and scaling disruptive industrial technology solutions through strategic collaborations with multinationals [2][3][4] Key Points Industry Focus - Innventure operates in the industrial technology sector, specifically targeting technologies that address unmet market needs [3][4] - The company has launched four companies to date, including PureCycle Technologies, AeroFlexx, Accelsius, and Refinity, each focusing on innovative solutions in recycling and data center cooling [7][10][11] Core Business Model - Innventure employs a closed-loop model that emphasizes unique technology solutions developed by multinationals, ensuring that these technologies are not easily replicated [4][5] - The model aims to mitigate risks associated with early-stage technology companies by ensuring that multinationals are involved as early adopters or customers [6][19] Recent Developments - **Accelsius**: A data center cooling solution that has gained significant market interest, with a pipeline exceeding $1 billion [11][36] - **Refinity**: A recycling business developed in collaboration with Dow Chemical, leveraging technology from VTT, a Finnish lab [10][11] Financial Performance - Innventure went public in October 2024 and has been focusing on reducing operational costs while managing cash burn [11][25][26] - The company has seen an increase in trading volume, averaging over a million shares, which is expected to enhance liquidity and capital access [26][43] Strategic Partnerships - Innventure has established relationships with major multinationals like Procter & Gamble and Nokia, which have facilitated the launch of new companies and technologies [20][23] - The recent strategic investment from Johnson Controls in Accelsius is seen as a validation of the technology and a potential revenue-generating relationship [30][32] Future Outlook - The company aims to continue accelerating the commercialization process for its technologies, with a focus on execution and building trust with clients [39][40] - Innventure is optimistic about its growth trajectory, particularly with Accelsius, and plans to leverage its recent addition to the Russell 2000 and 3000 indices to enhance capital raising efforts [41][43] Investor Relations - Innventure's insiders are reportedly increasing their holdings, indicating confidence in the company's long-term value creation [46][47] - The management emphasizes the importance of executing growth plans and managing capital costs effectively [47][48] Additional Insights - The company is focused on creating immediate economic value through disruptive technologies that compel changes in client behavior [14][19] - Innventure's approach is characterized by a low-throughput, high-conviction strategy, concentrating on a few selected technologies rather than spreading resources too thinly across many [19][20] This summary encapsulates the key points discussed during the Innventure Year-End Conference Call, highlighting the company's strategic focus, recent developments, financial performance, and future outlook.

Financial Data and Key Metrics Changes - Innventure reported revenue of $0.5 million for Q3 2025, primarily from proof of concept sales at Accelsius, indicating early-stage revenue growth has taken longer than expected [15] - Total G&A expenses for the quarter were $16.9 million, down from $18.6 million in Q2 and $19.7 million in Q1, reflecting improved operational efficiency [15] - The net loss for the quarter was $34.7 million, with adjusted EBITDA showing a loss of $17.5 million [15] - Cash at the end of the quarter was $14.1 million, an increase of $3 million from the beginning of the year [15] Business Line Data and Key Metrics Changes - Accelsius's opportunity pipeline grew 79% quarter over quarter, exceeding $1 billion, with over 75% of the pipeline representing production opportunities for 2026 [4][5] - AeroFlexx achieved its fifth consecutive quarter of revenue recognition across multiple market categories, highlighting a strong customer pipeline in both the U.S. and EU [8][9] - Refinity is progressing towards commercializing its technology, with plans for a mid-scale demonstration in 2026 and larger commercial deployments thereafter [10][11] Market Data and Key Metrics Changes - Accelsius's bookings in Q3 surpassed all previous quarters combined, indicating a significant growth trend expected to continue into Q4 and beyond [5] - AeroFlexx received two prestigious awards in Q3, underscoring its leadership in sustainable packaging solutions [9] Company Strategy and Development Direction - The company is focused on building market-changing companies that deliver tangible value for shareholders, with a disciplined, data-driven model pairing transformative technologies with proven operators [12][13] - Accelsius's recent $25 million strategic investment from Johnson Controls is expected to enhance its growth capital and market position [6][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Accelsius's ability to create long-term value, citing robust growth projections and a strong opportunity pipeline [6][12] - The company acknowledges that its share price does not currently reflect the underlying value created, but remains committed to executing its strategy and expanding its pipeline [13][16] Other Important Information - The company has deployed approximately $160 million into its operating companies, producing net assets valued at an estimated $860 million [12] - Accelsius has expanded its manufacturing footprint with a dedicated facility in Austin and installed demonstration sites in various locations [5][6] Q&A Session Summary Question: Can you elaborate on the $1 billion opportunity pipeline for Accelsius? - The pipeline is significantly spread out with several hundred leads, and while large orders from hyperscalers are possible, the majority are smaller opportunities [18][19] Question: What is the expected conversion rate for the pipeline over the next 12 to 18 months? - Management indicated that the pipeline metrics are well calibrated, and while they cannot provide specific percentages, they are confident that a meaningful fraction will translate into revenue [29][32] Question: What investments or supply chain builds are required for Accelsius to support large-scale developments starting in 2026? - Accelsius has designed its supply chain thoughtfully, primarily using North American suppliers and dual-sourcing components to avoid supply chain challenges [28] Question: Are there any integration or regulatory milestones before transitioning pipeline orders into firm orders? - There are no significant technical or regulatory hurdles, and the company is well-positioned to deliver as customer needs arise [33]

Financial Performance - Revenue for the three months ended September 30, 2025 was $0.53 million, compared to $0.32 million for the same period in 2024[42] - Adjusted EBITDA for the three months ended September 30, 2025 was $(17.5) million, compared to $(3.0) million for the same period in 2024[42] - Net loss for the three months ended September 30, 2025 was $(34.735) million, compared to $(7.641) million for the same period in 2024[48] - Net loss for the nine months ended September 30, 2025 was $(429.684) million, compared to $(26.481) million for the same period in 2024[48] - Adjusted EBITDA for the nine months ended September 30, 2025 was $(55.466) million, compared to $(12.968) million for the same period in 2024[48] Business Highlights - Accelsius secured a $25 million strategic investment from Johnson Controls on October 2, 2025[27,44] - The opportunity pipeline grew by 79% quarter-over-quarter, exceeding $1 billion[27,44] - Over 80% of the pipeline represents production opportunities for Shift to Production 2026[27] - Q3 commercial bookings for Accelsius surpassed all previous bookings combined[44]

Group 1 - Accelsius secured a strategic investment from Johnson Controls and introduced its NeuCool® MR250 system, with a sales pipeline exceeding $1 billion, positioning the company to capitalize on the growing demand for advanced liquid cooling solutions [1][3] - AeroFlexx achieved its fifth consecutive quarter of revenue generation and is expanding its customer pipeline in the U.S. and Europe, including a partnership with ĕleeo brands for innovative, recyclable packaging [1][3] - Refinity is on track to demonstrate pilot scale and finalize the initial site selection for its first plant by the end of the year, indicating progress in its operational capabilities [1][3] Group 2 - Innventure's CEO, Bill Haskell, emphasized the company's focus on unlocking value through the advancement of its operating companies and a high-quality pipeline of technology opportunities, suggesting a commitment to long-term shareholder value [3] - The company reported revenue of $534 million for the quarter ended September 30, 2025, compared to $317 million for the same period in 2024, indicating significant growth [19] - Operating expenses for the same quarter were $29.7 million, up from $14 million in the previous year, reflecting increased investment in operations [19]

Core Insights - Innventure, Inc. reported a strong performance in the second quarter of 2025, with expectations for continued revenue growth in the latter half of the year [3] - The company highlighted significant advancements in its operating companies, including Accelsius, AeroFlexx, and Refinity, which are positioned for market success [3] - Innventure aims to unlock value from its technology solutions pipeline, which is currently underappreciated in the market [3] Financial Performance - For the quarter ended June 30, 2025, Innventure generated revenue of $476 million, a substantial increase from $223 million in the same quarter of 2024 [20] - The total operating expenses for the quarter were $143.05 million, compared to $11.51 million in the same quarter of the previous year [20] - The net loss for the quarter was $141.275 million, compared to a loss of $11.314 million in the same quarter of 2024 [20] Company Developments - Accelsius has strengthened its market position with new deployments at major facilities, achieving industry-leading thermal milestones with its NeuCool technology [3] - AeroFlexx achieved its fourth consecutive quarter of revenue generation and received Critical Guidance Recognition for recyclability from the Association of Plastic Recyclers [3] - Refinity has engaged an engineering, procurement, and construction partner for its first plant design, marking a significant milestone for the company [3] Strategic Outlook - The CEO of Innventure expressed confidence that the remainder of 2025 will be an inflection point for revenue growth across the enterprise [3] - The company is focused on delivering long-term value for shareholders and believes that the progress made across its operating companies is just the beginning [3] - Innventure has a high-quality pipeline of technology solutions from multinational corporations, which it plans to leverage for future growth [3]

Core Insights - Innventure, Inc. had a significant year in 2024, marked by the commercial delivery of products for Accelsius and AeroFlexx, the completion of a business combination, and the launch of its fourth operating company, Refinity [2] Financial Performance - For the year ended December 31, 2024, Innventure reported a net loss of $70.633 million, compared to a net loss of $28.198 million for the predecessor period [18] - The company generated revenue of $456 thousand for the period from October 2, 2024, through December 31, 2024, down from $1.117 million in the previous year [18] - Total operating expenses for the same period were $40.753 million, an increase from $24.795 million in the prior year [18] Assets and Liabilities - As of December 31, 2024, total assets amounted to $905.289 million, a significant increase from $21.564 million in the previous year [16] - Current liabilities totaled $69.347 million, up from $8.168 million in the prior year [16] Non-GAAP Financial Measures - Innventure reported an Adjusted EBITDA of $(11.670) million for the period from October 2, 2024, through December 31, 2024, compared to $(26.156) million for the predecessor period [33] - The company defines Adjusted EBITDA as EBITDA further adjusted to exclude certain non-cash items and non-recurring expenses, providing additional insight into operational performance [7][10] Business Strategy - Innventure focuses on founding, funding, and operating companies that provide transformative, sustainable technology solutions, aiming for a target enterprise value of at least $1 billion [5] - The company aims to mitigate risks while building disruptive companies that can significantly change business operations and market dynamics [5]