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Side-by-side financial comparison of StoneBridge Acquisition II Corp (APAC) and Innventure, Inc. (INV). Click either name above to swap in a different company.

Innventure, Inc. is the larger business by last-quarter revenue ($822.0K vs $19, roughly 43263.2× StoneBridge Acquisition II Corp). Innventure, Inc. runs the higher net margin — -4593.8% vs -307242.1%, a 302648.3% gap on every dollar of revenue.

Innventure, Inc. is a business development and commercialization firm that partners with large global corporations to turn their underutilized intellectual property and unused R&D innovations into scalable, high-growth independent businesses. It focuses on sectors including sustainability, advanced materials and life sciences, serving primarily North American and European markets.

APAC vs INV — Head-to-Head

Bigger by revenue
INV
INV
43263.2× larger
INV
$822.0K
$19
APAC
Higher net margin
INV
INV
302648.3% more per $
INV
-4593.8%
-307242.1%
APAC

Income Statement — Q3 2025 vs Q4 2025

Metric
APAC
APAC
INV
INV
Revenue
$19
$822.0K
Net Profit
$-58.4K
$-37.8M
Gross Margin
-1315.8%
Operating Margin
-3859.1%
Net Margin
-307242.1%
-4593.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APAC
APAC
INV
INV
Q4 25
$822.0K
Q3 25
$19
$534.0K
Q2 25
$476.0K
Q1 25
$224.0K
Q3 24
$317.0K
Net Profit
APAC
APAC
INV
INV
Q4 25
$-37.8M
Q3 25
$-58.4K
$-28.3M
Q2 25
$-84.2M
Q1 25
$-143.0M
Q3 24
$-2.2M
Gross Margin
APAC
APAC
INV
INV
Q4 25
-1315.8%
Q3 25
-676.6%
Q2 25
-501.1%
Q1 25
17.9%
Q3 24
-145.1%
Operating Margin
APAC
APAC
INV
INV
Q4 25
-3859.1%
Q3 25
-5469.1%
Q2 25
-29952.5%
Q1 25
-116606.3%
Q3 24
-4313.6%
Net Margin
APAC
APAC
INV
INV
Q4 25
-4593.8%
Q3 25
-307242.1%
-5305.6%
Q2 25
-17694.7%
Q1 25
-63837.9%
Q3 24
-697.5%
EPS (diluted)
APAC
APAC
INV
INV
Q4 25
$-0.18
Q3 25
$-0.51
Q2 25
$-1.60
Q1 25
$-3.10
Q3 24
$-0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APAC
APAC
INV
INV
Cash + ST InvestmentsLiquidity on hand
$60.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-40.9K
$204.2M
Total Assets
$501.1K
$599.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAC
APAC
INV
INV
Q4 25
$60.4M
Q3 25
$9.1M
Q2 25
$7.0M
Q1 25
Q3 24
Total Debt
APAC
APAC
INV
INV
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$14.9M
Stockholders' Equity
APAC
APAC
INV
INV
Q4 25
$204.2M
Q3 25
$-40.9K
$190.8M
Q2 25
$218.6M
Q1 25
$261.5M
Q3 24
$-22.3M
Total Assets
APAC
APAC
INV
INV
Q4 25
$599.2M
Q3 25
$501.1K
$556.5M
Q2 25
$556.0M
Q1 25
$660.4M
Q3 24
$55.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APAC
APAC
INV
INV
Operating Cash FlowLast quarter
$187.2K
$-24.4M
Free Cash FlowOCF − Capex
$-24.4M
FCF MarginFCF / Revenue
-2968.5%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-82.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAC
APAC
INV
INV
Q4 25
$-24.4M
Q3 25
$187.2K
$-19.6M
Q2 25
$-22.1M
Q1 25
$-14.7M
Q3 24
Free Cash Flow
APAC
APAC
INV
INV
Q4 25
$-24.4M
Q3 25
$-20.0M
Q2 25
$-22.1M
Q1 25
$-15.6M
Q3 24
FCF Margin
APAC
APAC
INV
INV
Q4 25
-2968.5%
Q3 25
-3747.8%
Q2 25
-4637.2%
Q1 25
-6970.1%
Q3 24
Capex Intensity
APAC
APAC
INV
INV
Q4 25
5.6%
Q3 25
82.2%
Q2 25
3.2%
Q1 25
409.4%
Q3 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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