Innventure Q2 FY26 net loss narrows to $34.91 million; revenue rises 100.21% to $953,000

Innventure posted a Q2 net loss of $34.91 million, narrowing from $141.28 million a year earlier; revenue more than doubled to $953,000.

Operating loss narrowed to $31.49 million from $142.57 million, as the prior-year quarter included a $113.34 million goodwill impairment.

Net cash used in operating activities rose to $59.47 million from $36.75 million; cash and restricted cash ended at $46.54 million.

Management suspended previously communicated Accelsius 2026 revenue and cash flow targets, citing shifting AI infrastructure dynamics affecting smaller early adopters.

The company reiterated its focus on two-phase liquid cooling milestones, including chip-maker relationships, OEM/ODM co-development, hyperscaler engagement, and additional benchmark data.