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Side-by-side financial comparison of CXApp Inc. (CXAI) and Innventure, Inc. (INV). Click either name above to swap in a different company.
CXApp Inc. is the larger business by last-quarter revenue ($1.0M vs $822.0K, roughly 1.2× Innventure, Inc.). CXApp Inc. runs the higher net margin — -544.1% vs -4593.8%, a 4049.7% gap on every dollar of revenue. CXApp Inc. produced more free cash flow last quarter ($-3.6M vs $-82.1M).
CXApp Inc. is a technology firm specializing in digital workplace experience solutions. It offers cloud-based software tools for employee engagement, office space optimization, visitor management, and hybrid work coordination, serving mid-to-large enterprises across North America, APAC and Europe.
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.
CXAI vs INV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0M | $822.0K |
| Net Profit | $-5.6M | $-37.8M |
| Gross Margin | 86.9% | -1315.8% |
| Operating Margin | -576.9% | -3859.1% |
| Net Margin | -544.1% | -4593.8% |
| Revenue YoY | -38.5% | — |
| Net Profit YoY | -56.7% | — |
| 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.
| Q4 25 | $1.0M | $822.0K | ||
| Q3 25 | $1.1M | $534.0K | ||
| Q2 25 | $1.2M | $476.0K | ||
| Q1 25 | $1.2M | $224.0K | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $1.9M | $317.0K | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $1.8M | — |
| Q4 25 | $-5.6M | $-37.8M | ||
| Q3 25 | $-3.2M | $-28.3M | ||
| Q2 25 | $-3.1M | $-84.2M | ||
| Q1 25 | $-1.6M | $-143.0M | ||
| Q4 24 | $-3.5M | — | ||
| Q3 24 | $-5.4M | $-2.2M | ||
| Q2 24 | $-5.3M | — | ||
| Q1 24 | $-5.2M | — |
| Q4 25 | 86.9% | -1315.8% | ||
| Q3 25 | 89.0% | -676.6% | ||
| Q2 25 | 86.0% | -501.1% | ||
| Q1 25 | 87.7% | 17.9% | ||
| Q4 24 | 86.0% | — | ||
| Q3 24 | 80.4% | -145.1% | ||
| Q2 24 | 80.0% | — | ||
| Q1 24 | 82.0% | — |
| Q4 25 | -576.9% | -3859.1% | ||
| Q3 25 | -343.4% | -5469.1% | ||
| Q2 25 | -336.1% | -29952.5% | ||
| Q1 25 | -306.0% | -116606.3% | ||
| Q4 24 | -169.7% | — | ||
| Q3 24 | -194.3% | -4313.6% | ||
| Q2 24 | -206.7% | — | ||
| Q1 24 | -197.3% | — |
| Q4 25 | -544.1% | -4593.8% | ||
| Q3 25 | -283.4% | -5305.6% | ||
| Q2 25 | -256.7% | -17694.7% | ||
| Q1 25 | -132.0% | -63837.9% | ||
| Q4 24 | -213.6% | — | ||
| Q3 24 | -286.5% | -697.5% | ||
| Q2 24 | -297.6% | — | ||
| Q1 24 | -284.4% | — |
| Q4 25 | — | $-0.18 | ||
| Q3 25 | — | $-0.51 | ||
| Q2 25 | — | $-1.60 | ||
| Q1 25 | — | $-3.10 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.94 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.1M | $60.4M |
| Total DebtLower is stronger | — | $8.3M |
| Stockholders' EquityBook value | $14.0M | $204.2M |
| Total Assets | $32.4M | $599.2M |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.1M | $60.4M | ||
| Q3 25 | $5.1M | $9.1M | ||
| Q2 25 | $4.9M | $7.0M | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $4.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $29.5M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $14.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $14.0M | $204.2M | ||
| Q3 25 | $15.2M | $190.8M | ||
| Q2 25 | $14.3M | $218.6M | ||
| Q1 25 | $15.6M | $261.5M | ||
| Q4 24 | $15.6M | — | ||
| Q3 24 | $13.6M | $-22.3M | ||
| Q2 24 | $16.3M | — | ||
| Q1 24 | $20.9M | — |
| Q4 25 | $32.4M | $599.2M | ||
| Q3 25 | $28.5M | $556.5M | ||
| Q2 25 | $29.6M | $556.0M | ||
| Q1 25 | $29.3M | $660.4M | ||
| Q4 24 | $31.8M | — | ||
| Q3 24 | — | $55.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.6M | $-80.7M |
| Free Cash FlowOCF − Capex | $-3.6M | $-82.1M |
| FCF MarginFCF / Revenue | -355.5% | -9987.8% |
| Capex IntensityCapex / Revenue | 0.2% | 172.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-10.4M | $-139.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.6M | $-80.7M | ||
| Q3 25 | $-2.8M | $-19.6M | ||
| Q2 25 | $-3.0M | $-22.1M | ||
| Q1 25 | $-979.0K | $-14.7M | ||
| Q4 24 | $-2.7M | — | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-1.9M | — | ||
| Q1 24 | $-650.0K | — |
| Q4 25 | $-3.6M | $-82.1M | ||
| Q3 25 | $-2.8M | $-20.0M | ||
| Q2 25 | $-3.0M | $-22.1M | ||
| Q1 25 | $-984.0K | $-15.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-1.9M | — | ||
| Q1 24 | $-668.0K | — |
| Q4 25 | -355.5% | -9987.8% | ||
| Q3 25 | -248.1% | -3747.8% | ||
| Q2 25 | -247.2% | -4637.2% | ||
| Q1 25 | -80.4% | -6970.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -109.3% | — | ||
| Q2 24 | -108.6% | — | ||
| Q1 24 | -36.7% | — |
| Q4 25 | 0.2% | 172.4% | ||
| Q3 25 | 0.4% | 82.2% | ||
| Q2 25 | 0.9% | 3.2% | ||
| Q1 25 | 0.4% | 409.4% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
