Innventure (INV)


Market Price (10/11/2026): $0.2707 | Market Cap: $22.5 MilSector: Financials | Industry: Asset Management & Custody Banks

Innventure (INV)


Market Price (10/11/2026): $0.2707
Market Cap: $22.5 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -69%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 155%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -94%

Megatrend and thematic drivers
Megatrends include Innovation & Commercialization. Themes include Technology Commercialization, and Venture Incubation.

Weak multi-year price returns
2Y Excs Rtn is -134%, 3Y Excs Rtn is -181%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%

Penny stock
Mkt Price is 0.3

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -120 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3191%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 740%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3663%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3727%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -509%

High stock price volatility
Vol 12M is 158%

Key risks
INV key risks include [1] significant financial losses and dependence on external capital, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -69%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 155%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -94%
3 Megatrend and thematic drivers
Megatrends include Innovation & Commercialization. Themes include Technology Commercialization, and Venture Incubation.
4 Weak multi-year price returns
2Y Excs Rtn is -134%, 3Y Excs Rtn is -181%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%
6 Penny stock
Mkt Price is 0.3
7 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -120 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3191%
8 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 740%
9 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3663%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3727%
10 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -509%
11 High stock price volatility
Vol 12M is 158%
12 Key risks
INV key risks include [1] significant financial losses and dependence on external capital, Show more.

INV in ETFs

Weight = INV's share of each fund

VTI0.00%
IWM0.00%
IWN0.26%
VTWO0.00%
SCHA0.00%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Innventure (INV) stock has lost about 95% since 6/30/2026 because of the following key factors:

1. Innventure's stock experienced a significant decline due to the unraveling of the Accelsius-DarkNX data center project, which was a major component of its projected 2026 revenue and cash flow.

On May 28, 2026, a research report questioned the legitimacy of the 300MW AI data center deal with DarkNX, leading to an 8.42% drop in share price. Subsequently, on August 13, 2026, Innventure announced during its fiscal Q2 2026 earnings report that the DarkNX deployment site was no longer available and the project had been removed from internal bookings, resulting in the suspension of its 2026 revenue and cash flow expectations. This disclosure led to a 55% stock price drop on August 14, 2026.

2. Poor fiscal Q2 2026 financial performance and concerns about the company's ability to continue as a going concern contributed to the stock's plummet.

For the second quarter of fiscal 2026, reported on August 13, 2026, Innventure missed analyst expectations, posting an EPS of -$0.32 against an estimated -$0.23, and revenue of $0.95 million, significantly below the anticipated $1.97 million. The company also reported a net loss of $47.3 million for the six months ending June 30, 2026, and its management explicitly stated "substantial doubt regarding the company's ability to continue as a going concern within one year".

Show more
Updated on 10/1/2026

Innventure (INV) stock has lost about 95% since 6/30/2026 because of the following key factors:

1. Innventure's stock experienced a significant decline due to the unraveling of the Accelsius-DarkNX data center project, which was a major component of its projected 2026 revenue and cash flow.

On May 28, 2026, a research report questioned the legitimacy of the 300MW AI data center deal with DarkNX, leading to an 8.42% drop in share price. Subsequently, on August 13, 2026, Innventure announced during its fiscal Q2 2026 earnings report that the DarkNX deployment site was no longer available and the project had been removed from internal bookings, resulting in the suspension of its 2026 revenue and cash flow expectations. This disclosure led to a 55% stock price drop on August 14, 2026.

2. Poor fiscal Q2 2026 financial performance and concerns about the company's ability to continue as a going concern contributed to the stock's plummet.

For the second quarter of fiscal 2026, reported on August 13, 2026, Innventure missed analyst expectations, posting an EPS of -$0.32 against an estimated -$0.23, and revenue of $0.95 million, significantly below the anticipated $1.97 million. The company also reported a net loss of $47.3 million for the six months ending June 30, 2026, and its management explicitly stated "substantial doubt regarding the company's ability to continue as a going concern within one year".

3. Aggressive cost-cutting measures and strategic restructuring, announced after the disappointing fiscal Q2 2026 results, signaled financial distress and further eroded investor confidence.

In a letter to shareholders on August 19, 2026, Innventure's Board detailed corporate actions to reduce capital demands and focus resources, including cutting quarterly parent-level cash expenses from $7.5 million to $4.5 million. The company also ceased funding new company formation and parent-level R&D, sought monetization alternatives for AeroFlexx, and transitioned Refinity to independent funding after fiscal Q3 2026. Additionally, senior management and directors forfeited earnout shares tied to the now-defunct DarkNX purchase order.

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Stock Movement Drivers

Fundamental Drivers

The -94.7% change in INV stock from 6/30/2026 to 10/10/2026 was primarily driven by a -95.0% change in the company's P/S Multiple.
(LTM values as of)630202610102026Change
Stock Price ($)5.070.27-94.7%
Change Contribution By: 
Total Revenues ($ Mil)3414.6%
P/S Multiple120.56.0-95.0%
Shares Outstanding (Mil)7883-6.4%
Cumulative Contribution-94.7%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/10/2026
ReturnCorrelation
INV-94.7% 
Market (SPY)4.3%43.4%
Sector (XLF)2.1%13.1%

Fundamental Drivers

The -93.1% change in INV stock from 3/31/2026 to 10/10/2026 was primarily driven by a -95.0% change in the company's P/S Multiple.
(LTM values as of)331202610102026Change
Stock Price ($)3.910.27-93.1%
Change Contribution By: 
Total Revenues ($ Mil)2482.5%
P/S Multiple119.76.0-95.0%
Shares Outstanding (Mil)6383-24.3%
Cumulative Contribution-93.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/10/2026
ReturnCorrelation
INV-93.1% 
Market (SPY)20.0%33.7%
Sector (XLF)11.2%10.1%

Fundamental Drivers

The -95.3% change in INV stock from 9/30/2025 to 10/10/2026 was primarily driven by a -97.1% change in the company's P/S Multiple.
(LTM values as of)930202510102026Change
Stock Price ($)5.790.27-95.3%
Change Contribution By: 
Total Revenues ($ Mil)14154.7%
P/S Multiple206.56.0-97.1%
Shares Outstanding (Mil)5383-36.8%
Cumulative Contribution-95.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/10/2026
ReturnCorrelation
INV-95.3% 
Market (SPY)17.8%34.0%
Sector (XLF)2.8%14.4%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/10/2026
ReturnCorrelation
INV  
Market (SPY)88.4%20.2%
Sector (XLF)72.2%11.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
INV Return---2%-70%-93%-98%
Peers Return34%-9%69%38%5%17%246%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
INV Win Rate---33%33%20% 
Peers Win Rate68%43%62%60%43%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
INV Max Drawdown-----82%-96% 
Peers Max Drawdown-15%-32%-24%-23%-42%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRT, CARR, NVT, AMCR, GPK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)

About Innventure (INV)

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Innventure (INV) employs a distinctive innovation model centered on identifying and transforming promising technologies from multinational corporations (MNCs) into successful, independent standalone businesses. Rather than operating as a traditional venture capital firm or an internal corporate incubator, Innventure specializes in taking underutilized R&D assets from large corporations and providing the dedicated resources and expertise needed for their commercialization and scaling.

The company's core service involves the entire process of company creation and growth around these selected technologies. Innventure manages everything from initial business strategy and development to operational execution, effectively de-risking the commercialization process for the MNCs. This enables MNCs to participate in the potential future economic upside of their innovations without incurring additional funding requirements, operational burdens, or the typical risks associated with launching new ventures themselves.

Innventure's primary customers are multinational corporations seeking to unlock unrealized value from their significant R&D investments, particularly for technologies that may not fit neatly into their existing business lines or have not yet found a path to market. By creating and scaling new businesses from these technologies, Innventure operates within the broader innovation ecosystem, generating new enterprises and serving as a strategic partner for large corporations looking to monetize their intellectual property through external commercialization.

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AI Analysis | Feedback

  • A Y Combinator for corporate R&D spin-offs.
  • Like an outsourced innovation lab for multinational corporations, transforming their R&D into standalone businesses.
  • A venture studio that creates companies exclusively from the untapped technology of large corporations.

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  • Technology Commercialization & Business Creation: Innventure identifies promising technologies from multinational corporations and builds them into successful standalone businesses.
  • New Venture Scaling & Growth: Innventure provides expertise and resources to scale and grow the newly created businesses for long-term success and value realization.

AI Analysis | Feedback

Innventure (symbol: INV) primarily serves other companies rather than individuals.

Based on the provided background, Innventure's major customers are Multinational Corporations (MNCs). Innventure's model involves sourcing promising technologies from these MNCs and transforming them into successful standalone businesses. In doing so, Innventure enables MNCs to unlock unrealized value from their R&D investments and participate in the future economic benefits of these technologies without incurring the risks or requiring additional funding and operational support for commercialization.

The provided description does not list the names of specific multinational corporations that are Innventure's customers.

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Gregory W. Haskell, Chief Executive Officer
Gregory W. Haskell leads Innventure in founding, funding, and operating companies that utilize evolving technology. He spearheaded the company's IPO to secure capital for current and future ventures, with the aim of holding majority stakes and developing Innventure into an operating conglomerate that retains its companies indefinitely. Haskell also established Accelsius in June 2022, guiding it from its conceptual stage to commercial operation in just over two years. He has also discussed Innventure's partnerships with major corporations like Nokia and Procter & Gamble.

David Yablunosky, Chief Financial Officer
David Yablunosky serves as the Chief Financial Officer for Innventure and is a member of the Executive Committee and a Class II Director. He oversees the financial operations of the company. Yablunosky has received significant equity compensation awards through Innventure's 2024 Equity and Incentive Compensation Plan.

Michael Otworth, Executive Chairman
Michael Otworth is a co-founder of Innventure and previously held the position of CEO. He co-founded Innventure with the mission to address global unmet needs through new emerging technologies, often sourced from the R&D efforts of multinational corporations. Prior to Innventure, Otworth was part of the founding team of XL Vision, which later became XL Tech Group. He later brought together John Scott and others to establish Innventure. Otworth advocates for "adaptive strategic positioning," emphasizing agility, continuous learning, and a team-oriented culture that promotes shared ownership and accountability. He seeks to hire "athletes" who demonstrate determination, resilience, and an eagerness for new challenges.

Dr. John Scott, Chief Strategy Officer
Dr. John Scott is a co-founder of Innventure and an angel investor in five startups. He possesses PhDs in physics and high-energy astrophysics. Scott was a member of the founding team of the original XL Vision, which evolved into XL Tech Group, and served as a mentor to Michael Otworth. His background also includes a role as director of the directed energy component of the Star Wars program.

Roland Austrup, Chief Growth Officer
Roland Austrup is Innventure's Chief Growth Officer and a member of the Executive Committee. He is responsible for driving the company's growth initiatives.

AI Analysis | Feedback

The key risks to Innventure's business, based on its unique model of sourcing and commercializing technologies from multinational corporations, include its precarious financial health, challenges in scaling new technologies and securing funding, and the inherent risks associated with market adoption and commercialization.

  1. Poor Financial Health and Profitability Issues
    Innventure faces significant financial challenges, indicated by its "poor financial strength" with an Altman Z-Score in the "distress zone". The company has reported a revenue growth decline of 14.4% over the past three years and ongoing losses, with its earnings per share (EPS) at -6.62 and a "significantly negative" net margin of -18,775.74%. Furthermore, its current and quick ratios of 0.39 and 0.31 respectively, suggest liquidity constraints. A Beneish M-Score of 21.44 also points to potential financial manipulation. These metrics collectively highlight fundamental issues with the company's financial stability and ability to generate profits.
  2. Challenges in Scaling New Technologies and Securing Funding
    Innventure's business model is centered on the "capital-intensive scale-up of breakthrough technologies into commercial operations". This inherently carries "sector-specific risks" related to scaling new technologies and "securing funding in a competitive asset management landscape". The company's success relies on the "availability, timing and terms of additional financing, including debt or equity financing" and navigating "market conditions affecting access to capital". While Innventure aims for its subsidiaries to become financially independent, reducing reliance on corporate capital, the need for substantial funding to scale innovative technologies remains a critical and ongoing challenge.
  3. Market Adoption and Commercialization Risk of New Technologies
    A fundamental risk for Innventure is the successful "implementation, adoption, market acceptance and success of Innventure's and its subsidiaries' products, business models and growth strategies". The company's core involves "commercializing breakthrough technology solutions", and a significant challenge in this endeavor is "getting the market to adopt the new innovation," as consumers are often reluctant to change existing solutions. Despite Innventure's efforts to mitigate this risk through collaborations with multinational corporations to identify market needs and accelerate adoption, the ultimate success of its created companies hinges on overcoming market resistance and achieving widespread acceptance for its novel technologies.

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The clear emerging threat to Innventure is the increasing sophistication and prevalence of **multinational corporations (MNCs) developing their own internal corporate venturing, innovation labs, and spin-out capabilities.** While Innventure offers MNCs a model to commercialize technologies without requiring additional funding or operational support from the MNCs themselves, a growing number of large corporations are choosing to invest in establishing internal venture studios or dedicated spin-out units. This allows them to maintain greater control over their intellectual property, potentially capture a larger share of the economic upside, and strategically integrate new ventures more closely with their long-term goals. As MNCs become more adept and willing to internalize the process of transforming promising technologies into standalone businesses, the pool of available IP that Innventure can source through its unique model may diminish, directly threatening its deal flow and competitive advantage.

AI Analysis | Feedback

Innventure (NASDAQ: INV) focuses on creating and scaling operating companies that commercialize transformative technology solutions sourced from multinational corporations. The addressable markets for Innventure's main operating companies are as follows:

  • Accelsius (Data Center Liquid Cooling): The global data center liquid cooling market is projected to grow from approximately $2.84 billion in 2025 to $21.14 billion by 2032, at a compound annual growth rate (CAGR) of 33.2%.

  • AeroFlexx (Sustainable Liquid Packaging): AeroFlexx targets the global flexible packaging market, which is projected to grow from approximately $248.1 billion in 2023 to $309.5 billion by 2028.

  • Refinity (Waste-to-Value Chemical Technologies / Advanced Recycling): The global advanced recycling market, which includes waste-to-value chemical technologies, was valued at approximately $2.11 billion in 2025 and is predicted to reach about $7.26 billion by 2035, growing at a CAGR of 13.16% from 2026 to 2035. Other estimates indicate the global advanced recycling technologies market size was valued at $2.99 billion in 2025 and is predicted to reach $45.87 billion by 2035 at a 31.5% CAGR.

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Innventure (NASDAQ: INV) is expected to drive future revenue growth over the next two to three years through several key initiatives aligned with its unique business model of commercializing breakthrough technologies from multinational corporations (MNCs).

  1. Scaling of Existing Portfolio Companies: A significant driver of revenue growth will be the continued scaling and commercialization of its current portfolio companies. Notably, Accelsius, a consolidated subsidiary focused on data center cooling products, is projected to achieve cash-flow positivity by the end of 2026. This growth is anticipated as Accelsius deploys its NeuCool liquid cooling technology across large AI data center campuses. Furthermore, AeroFlexx, specializing in sustainable liquid packaging, and Refinity, focused on waste-to-value chemical technologies, are both launching direct capital raises as they reach commercial and technical inflection points, indicating a ramp-up in their commercial activities and potential revenue generation.
  2. Creation and Commercialization of New Technology Companies: Innventure's core business model involves systematically creating and operating new industrial enterprises from groundbreaking technology solutions sourced from MNCs, with a target of building companies with billion-dollar valuations. This continuous pipeline of new venture creation and subsequent commercialization is expected to be a fundamental driver of revenue growth as Innventure participates in the early-stage economics of these burgeoning businesses.
  3. Expansion in High-Growth Technology Sectors: The company strategically focuses on high-growth technology sectors, such as AI cooling solutions (through Accelsius) and sustainable packaging (through AeroFlexx). This focus positions Innventure to capitalize on expanding markets and increasing demand for innovative solutions in these areas, thereby driving future revenue.
  4. Enhanced Credibility and Increased MNC Partnerships: Innventure's transition to a public company on Nasdaq is expected to enhance its credibility and market position as an innovation partner for major global companies. This heightened profile could lead to an increase in strategic collaborations with MNCs, providing Innventure with a broader and more robust pipeline of promising technologies to transform into new ventures.

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Capital Allocation Decisions for Innventure (INV) over the Last 3-5 Years

Share Issuance

  • Innventure completed a registered direct offering of common stock in January 2026, generating approximately $40 million in gross proceeds, intended to repay outstanding convertible debentures and for working capital and general corporate purposes.
  • In Q2 2025, the company recorded $27 million in cash from financing activities, which included raising $6.5 million through related party and other term convertible notes.
  • Innventure bolstered its capital structure with $10 million in convertible debentures in September 2025 and an additional $5 million in November 2025.

Inbound Investments

  • Accelsius, an Innventure operating company, secured a $25 million strategic investment from Johnson Controls in early October 2025.
  • Accelsius completed a $40 million Series B-1 funding round in 2025, with contributions from Legrand DPC, LLC and Johnson Controls, Inc.

Outbound Investments

  • Innventure's core business model involves founding and scaling operating companies, such as Accelsius which was founded in May 2022.
  • In 2025, Innventure continued to fund its operating companies, including Accelsius, alongside Accelsius's direct capital raises, and funded other operating companies through its corporate balance sheet.

Capital Expenditures

  • In the last 12 months (prior to March 2026), Innventure reported capital expenditures of approximately $1.64 million.
  • Strategic expansion in Q2 2025 included the establishment of a new manufacturing facility in Austin.
  • Refinity, an Innventure company, plans for a mid-scale demonstration of 2.5 kilotonnes per year in 2026 and a 10 kilotonne commercial demonstration in subsequent years, ultimately aiming for a full commercial scale of approximately 150 kilotonnes per year.

Peer Outperformance in Asset Management & Custody Banks

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Share of Asset Management & Custody Banks constituents that INV has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
1%
of 101 industry peers · -92.2% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Asset Management & Custody Banks is INV's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 18.4%62.5%115.7% SPNT 168% · RGA 140% · RNR 137%
Investment Banking & Brokerage 13 -2.0%95.2%96.5% IBKR 402% · SNEX 203% · GS 162%
Diversified Banks 12 32.3%125.4%96.1% CM 136% · JPM 126% · RY 124%
Life & Health Insurance 20 12.8%50.8%84.9% JXN 483% · UNM 278% · MFC 172%
Multi-Sector Holdings 4 5.4%50.0%71.5% JONE 361% · BRK-B 84% · VOYA 59%
Property & Casualty Insurance 42 6.7%71.1%58.1% ASIC 2592900% · HRTG 417% · UVE 314%
Multi-line Insurance 9 8.0%66.5%51.8% GNW 126% · L 91% · AIZ 80%
Regional Banks 263 29.0%85.2%49.0% GCBC 312% · ESQ 286% · PBAM 244%
Financial Exchanges & Data 15 3.2%42.8%30.8% VIRT 167% · CBOE 160% · CME 72%
Consumer Finance 30 8.8%81.4%23.7% ENVA 399% · EZPW 284% · FCFS 163%
Asset Management & Custody Banks ← 82 -7.7%17.2%14.4% WT 340% · SII 265% · VCTR 265%
Diversified Financial Services 4 -3.0%18.3%13.8% FRHC 168% · EQH 90% · TMS -63%
Insurance Brokers 16 -22.0%-7.0%8.6% LIFE 292% · ARX 89% · CRD-A 61%
Commercial & Residential Mortgage Finance 14 -52.7%19.7%-3.5% FNMA 462% · FMCC 411% · ACT 182%
Specialized Finance 3 14.4%32.4%-11.9% EFC 16% · CACC -12% · HASI -14%
Mortgage REITs 33 -14.7%-1.6%-30.0% NREF 46% · RITM 29% · DX 19%
Transaction & Payment Processing Services 17 0.5%-4.3%-39.0% V 78% · MA 75% · CPAY 56%
Diversified Capital Markets 20 -46.3%24.1%-61.3% OPY 151% · LPLA 103% · GOLD 47%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

INVVRTCARRNVTAMCRGPKMedian
NameInnventu.Vertiv Carrier .nVent El.Amcor Graphic . 
Mkt Price0.27242.8855.61167.4141.738.3848.67
Mkt Cap0.093.446.127.119.32.523.2
Rev LTM411,48022,1084,83423,5068,63710,058
Op Inc LTM-1202,2271,5598262,1975971,193
FCF LTM-1402,9241,9285781,229189903
FCF 3Y Avg-851,7091,589500956-63728
CFO LTM-1373,3542,3876912,1517931,472
CFO 3Y Avg-831,9682,0625861,6218601,240

Growth & Margins

INVVRTCARRNVTAMCRGPKMedian
NameInnventu.Vertiv Carrier .nVent El.Amcor Graphic . 
Rev Chg LTM154.7%26.2%-1.6%46.2%56.6%0.0%36.2%
Rev Chg 3Y Avg-21.7%5.9%26.7%19.8%-3.7%19.8%
Rev Chg Q100.2%24.1%3.9%52.8%25.9%-0.7%25.0%
QoQ Delta Rev Chg LTM14.6%5.9%1.1%11.7%5.9%-0.2%5.9%
Op Inc Chg LTM-7.7%40.6%-36.2%53.9%66.9%-40.3%16.5%
Op Inc Chg 3Y Avg-54.6%-3.9%30.8%20.2%-19.2%20.2%
Op Mgn LTM-3,190.6%19.4%7.1%17.1%9.3%6.9%8.2%
Op Mgn 3Y Avg-4,902.5%17.3%9.1%17.1%9.2%10.5%9.9%
QoQ Delta Op Mgn LTM395.8%0.6%-0.2%1.3%1.1%-1.2%0.8%
CFO/Rev LTM-3,662.7%29.2%10.8%14.3%9.2%9.2%10.0%
CFO/Rev 3Y Avg-4,101.9%20.2%9.6%16.4%9.4%9.8%9.7%
FCF/Rev LTM-3,726.8%25.5%8.7%12.0%5.2%2.2%7.0%
FCF/Rev 3Y Avg-4,215.8%17.5%7.4%14.1%5.6%-0.7%6.5%

Valuation

INVVRTCARRNVTAMCRGPKMedian
NameInnventu.Vertiv Carrier .nVent El.Amcor Graphic . 
Mkt Cap0.093.446.127.119.32.523.2
P/S6.08.12.15.60.80.33.8
P/Op Inc-0.241.929.532.88.84.219.2
P/EBIT-0.143.125.632.59.95.017.8
P/E-0.253.937.745.317.512.827.6
P/CFO-0.227.819.339.29.03.114.1
Total Yield-505.3%1.9%4.4%2.7%11.9%13.1%3.5%
Dividend Yield0.0%0.1%1.7%0.5%6.2%5.2%1.1%
FCF Yield 3Y Avg-2.6%2.8%3.2%5.4%0.0%2.8%
D/E1.20.00.30.10.82.30.5
Net D/E-0.70.00.20.10.72.20.1

Returns

INVVRTCARRNVTAMCRGPKMedian
NameInnventu.Vertiv Carrier .nVent El.Amcor Graphic . 
1M Rtn-73.7%-2.1%-1.8%7.9%-3.0%-9.7%-2.5%
3M Rtn-94.6%-23.8%-19.5%4.3%-2.0%-17.5%-18.5%
6M Rtn-93.8%-17.7%-11.6%28.6%4.6%-11.4%-11.5%
12M Rtn-92.2%43.9%-0.3%75.6%11.6%-50.2%5.7%
3Y Rtn-98.0%484.3%3.4%217.3%9.9%-57.7%6.6%
1M Excs Rtn-76.6%-5.0%-4.7%5.0%-5.8%-12.6%-5.4%
3M Excs Rtn-97.9%-24.5%-22.6%2.1%-4.2%-22.3%-22.4%
6M Excs Rtn-108.4%-32.3%-26.2%14.0%-10.0%-26.1%-26.1%
12M Excs Rtn-110.3%29.6%-21.3%55.1%-4.6%-69.3%-12.9%
3Y Excs Rtn-181.5%455.2%-77.2%148.2%-74.6%-142.2%-75.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2025202320222021
Technology20 0
Other11  
Elimination of management services provided to Technology-0-00 
Corporate  12
Total2112


Net Income by Segment
$ Mil2025202320222021
Other-80-20  
Technology-395-11-18-1
Corporate  -157
Total-475-31-337


Assets by Segment
$ Mil202320222021
Corporate232747
Technology1630
Eliminations-18-10
Total222847


Price Behavior

Price Behavior
Market Price$0.27 
Market Cap ($ Bil)0.0 
First Trading Date10/03/2024 
Distance from 52W High-96.3% 
   50 Days200 Days
DMA Price$1.46$3.83
DMA Trenddowndown
Distance from DMA-81.5%-93.0%
 3M1YR
Volatility213.4%156.4%
Downside Capture2109.55797.85
Upside Capture314.84350.90
Correlation (SPY)43.6%33.9%
INV Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta8.668.398.194.694.12-0.00
Up Beta42.369.349.433.262.750.79
Down Beta-0.08-6.130.221.371.73-1.96
Up Capture125%472%612%579%1810%204%
Bmk +ve Days6162766132424
Stock +ve Days4121844101212
Down Capture926%948%632%368%196%113%
Bmk -ve Days16263760120328
Stock -ve Days18294580148276

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INV
INV-94.7%157.7%-1.01-
Sector ETF (XLF)3.5%14.8%0.0115.5%
Equity (SPY)16.7%13.0%0.9133.7%
Gold (GLD)3.3%29.5%0.119.8%
Commodities (DBC)45.0%20.9%1.675.1%
Real Estate (VNQ)4.8%13.8%0.0914.5%
Bitcoin (BTCUSD)-33.2%44.2%-0.7926.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INV
INV-54.4%130.5%-0.83-
Sector ETF (XLF)9.3%18.3%0.3711.4%
Equity (SPY)13.9%17.1%0.6220.2%
Gold (GLD)18.5%18.9%0.797.8%
Commodities (DBC)10.0%19.5%0.392.3%
Real Estate (VNQ)1.3%18.8%-0.048.6%
Bitcoin (BTCUSD)11.4%52.0%0.3921.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with INV
INV-32.5%130.5%-0.83-
Sector ETF (XLF)13.2%22.1%0.5411.4%
Equity (SPY)15.5%17.9%0.7320.2%
Gold (GLD)11.8%16.4%0.597.8%
Commodities (DBC)8.2%18.1%0.372.3%
Real Estate (VNQ)4.5%20.7%0.188.6%
Bitcoin (BTCUSD)63.5%66.2%1.0321.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity13.2 Mil
Short Interest: % Change Since 915202626.5%
Average Daily Volume12.8 Mil
Days-to-Cover Short Interest1.0 days
Basic Shares Quantity83.1 Mil
Short % of Basic Shares15.9%

Earnings Returns History

Updated 10/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/2026-55.1%-58.3%-76.4%
5/14/2026-8.2%-8.6%-17.9%
11/13/2025-12.2%-5.4%32.5%
5/15/202516.0%33.4%18.4%
11/14/20243.5%4.2%18.0%
SUMMARY STATS   
# Positive223
# Negative332
Median Positive9.7%18.8%18.4%
Median Negative-12.2%-8.6%-47.1%
Max Positive16.0%33.4%32.5%
Max Negative-55.1%-58.3%-76.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/2026-55.1%-58.3%-76.4%
5/14/2026-8.2%-8.6%-17.9%
11/13/2025-12.2%-5.4%32.5%
5/15/202516.0%33.4%18.4%
11/14/20243.5%4.2%18.0%
SUMMARY STATS   
# Positive223
# Negative332
Median Positive9.7%18.8%18.4%
Median Negative-12.2%-8.6%-47.1%
Max Positive16.0%33.4%32.5%
Max Negative-55.1%-58.3%-76.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/30/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202404/14/202510-K
09/30/202411/14/202410-Q
06/30/202409/10/2024424B3
03/31/202406/18/2024S-4/A
09/30/202301/26/2024S-4
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/30/202610-K
09/30/202511/13/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202404/14/202510-K
09/30/202411/14/202410-Q
06/30/202409/10/2024424B3
03/31/202406/18/2024S-4/A
09/30/202301/26/2024S-4

Insider Activity

Updated 10/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Brown, Bruce DirectBuy82120261.5130,00045,399161,779Form
2Haskell, Gregory WChief Executive OfficerDirectBuy82120261.5150,00075,6001,481,462Form
3Otworth, MichaelExecutive ChairmanDirectBuy82120261.51231,000349,2955,717,382Form
4Donnally, James O See footnoteBuy82120261.50225,000337,500379,329Form
5Hennessy, Daniel J DirectSell41620265.012,99214,9903,830,130Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Brown, Bruce DirectBuy82120261.5130,00045,399161,779Form
2Haskell, Gregory WChief Executive OfficerDirectBuy82120261.5150,00075,6001,481,462Form
3Otworth, MichaelExecutive ChairmanDirectBuy82120261.51231,000349,2955,717,382Form
4Donnally, James O See footnoteBuy82120261.50225,000337,500379,329Form
5Hennessy, Daniel J DirectSell41620265.012,99214,9903,830,130Form
6We-Inn, Llc DirectSell121820254.68252,5021,181,70928,713,129Form
7We-Inn, Llc DirectSell121820254.86184,777898,01631,044,640Form
8Hennessy, Daniel J DirectSell120520255.1955,840289,8103,950,083Form
9We-Inn, Llc DirectSell120320254.76172,589821,52431,285,390Form
10We-Inn, Llc DirectSell120320254.95117,901583,61033,388,492Form
11Otworth, MichaelExecutive ChairmanDirectBuy120320255.0612,00060,72017,672,591Form
12Hennessy, Daniel J DirectSell120320255.018,45042,3344,092,844Form
13We-Inn, Llc DirectSell120320255.11427,3012,183,50835,070,191Form
14Austrup, RolandChief Growth OfficerDirectBuy120320255.014,90024,5494,349,502Form
15Hennessy, Daniel J DirectSell120320255.1381,993420,6244,234,225Form
16Haskell, Gregory WChief Executive OfficerDirectBuy112620255.1410,00051,4003,917,271Form
17Scott, John StewartChief Strategy OfficerDirectSell112620255.13452,6682,322,18710,080,712Form
18Hennessy, Daniel J DirectSell112620255.31266,3671,414,4094,818,177Form
19Donnally, James O See footnoteBuy112520253.3727,88693,97693,976Form
20Niemeyer, Suzanne DirectBuy112120253.404,00013,6001,830,115Form
21We-Inn, Llc DirectSell112020253.51302,2111,060,76125,589,136Form
22We-Inn, Llc DirectSell112020253.34235,765787,45525,359,160Form
23We-Inn, Llc DirectSell112020253.61263,782952,25328,260,264Form
24We-Inn, Llc DirectSell102920252.92149,708437,14723,628,961Form
25We-Inn, Llc DirectSell102920252.9798,167291,55624,478,199Form
26We-Inn, Llc DirectSell102420253.03263,627798,79025,270,155Form
27We-Inn, Llc DirectSell102420253.13193,587605,92726,929,306Form
28We-Inn, Llc DirectSell102420253.01436,2961,313,25126,479,569Form
29We-Inn, Llc DirectSell101420253.922,3009,0162,186,184Form
30Hennessy, Daniel J DirectSell101420255.2110,82856,4146,115,211Form
31Hennessy, Daniel J DirectSell100820255.058,60643,4605,982,094Form
32Hennessy, Daniel J DirectSell100820255.015002,5055,977,827Form
33Hennessy, Daniel J DirectSell100820255.116,26532,0146,099,700Form
Core Cache Last Updated: 10/10/2026