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Side-by-side financial comparison of Innventure, Inc. (INV) and OSR Holdings, Inc. (OSRH). Click either name above to swap in a different company.

Innventure, Inc. is the larger business by last-quarter revenue ($822.0K vs $627.7K, roughly 1.3× OSR Holdings, Inc.). OSR Holdings, Inc. runs the higher net margin — -508.9% vs -4593.8%, a 4084.9% 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.

INV vs OSRH — Head-to-Head

Bigger by revenue
INV
INV
1.3× larger
INV
$822.0K
$627.7K
OSRH
Higher net margin
OSRH
OSRH
4084.9% more per $
OSRH
-508.9%
-4593.8%
INV

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INV
INV
OSRH
OSRH
Revenue
$822.0K
$627.7K
Net Profit
$-37.8M
$-3.2M
Gross Margin
-1315.8%
41.7%
Operating Margin
-3859.1%
-605.9%
Net Margin
-4593.8%
-508.9%
Revenue YoY
-23.7%
Net Profit YoY
-1283.3%
EPS (diluted)
$-0.18
$0.12

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
INV
INV
OSRH
OSRH
Q4 25
$822.0K
Q3 25
$534.0K
$627.7K
Q2 25
$476.0K
$1.1M
Q1 25
$224.0K
$761.3K
Q3 24
$317.0K
$823.0K
Q2 24
$881.8K
Q1 24
$910.2K
Net Profit
INV
INV
OSRH
OSRH
Q4 25
$-37.8M
Q3 25
$-28.3M
$-3.2M
Q2 25
$-84.2M
$-5.2M
Q1 25
$-143.0M
$-11.4M
Q3 24
$-2.2M
$-231.0K
Q2 24
$-97.3K
Q1 24
$-60.4K
Gross Margin
INV
INV
OSRH
OSRH
Q4 25
-1315.8%
Q3 25
-676.6%
41.7%
Q2 25
-501.1%
2.9%
Q1 25
17.9%
22.2%
Q3 24
-145.1%
21.8%
Q2 24
26.3%
Q1 24
26.3%
Operating Margin
INV
INV
OSRH
OSRH
Q4 25
-3859.1%
Q3 25
-5469.1%
-605.9%
Q2 25
-29952.5%
-460.5%
Q1 25
-116606.3%
-383.3%
Q3 24
-4313.6%
-433.4%
Q2 24
-364.0%
Q1 24
-362.8%
Net Margin
INV
INV
OSRH
OSRH
Q4 25
-4593.8%
Q3 25
-5305.6%
-508.9%
Q2 25
-17694.7%
-460.2%
Q1 25
-63837.9%
-1496.5%
Q3 24
-697.5%
-28.1%
Q2 24
-11.0%
Q1 24
-6.6%
EPS (diluted)
INV
INV
OSRH
OSRH
Q4 25
$-0.18
Q3 25
$-0.51
$0.12
Q2 25
$-1.60
Q1 25
$-3.10
Q3 24
$-0.94
$-0.06
Q2 24
$-0.02
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
INV
INV
OSRH
OSRH
Cash + ST InvestmentsLiquidity on hand
$60.4M
$2.2M
Total DebtLower is stronger
$8.3M
Stockholders' EquityBook value
$204.2M
$134.2M
Total Assets
$599.2M
$177.3M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INV
INV
OSRH
OSRH
Q4 25
$60.4M
Q3 25
$9.1M
$2.2M
Q2 25
$7.0M
$1.6M
Q1 25
$1.6M
Q3 24
$12.2K
Q2 24
$119.1K
Q1 24
$3.6K
Total Debt
INV
INV
OSRH
OSRH
Q4 25
$8.3M
Q3 25
$29.5M
Q2 25
$16.8M
Q1 25
$12.3M
Q3 24
$14.9M
Q2 24
Q1 24
Stockholders' Equity
INV
INV
OSRH
OSRH
Q4 25
$204.2M
Q3 25
$190.8M
$134.2M
Q2 25
$218.6M
$139.2M
Q1 25
$261.5M
$132.3M
Q3 24
$-22.3M
$-5.8M
Q2 24
$-4.9M
Q1 24
$-4.3M
Total Assets
INV
INV
OSRH
OSRH
Q4 25
$599.2M
Q3 25
$556.5M
$177.3M
Q2 25
$556.0M
$185.4M
Q1 25
$660.4M
$174.6M
Q3 24
$55.7M
$20.9M
Q2 24
$20.6M
Q1 24
$37.3M
Debt / Equity
INV
INV
OSRH
OSRH
Q4 25
0.04×
Q3 25
0.15×
Q2 25
0.08×
Q1 25
0.05×
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
INV
INV
OSRH
OSRH
Operating Cash FlowLast quarter
$-80.7M
$-2.7M
Free Cash FlowOCF − Capex
$-82.1M
FCF MarginFCF / Revenue
-9987.8%
Capex IntensityCapex / Revenue
172.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-139.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INV
INV
OSRH
OSRH
Q4 25
$-80.7M
Q3 25
$-19.6M
$-2.7M
Q2 25
$-22.1M
$-482.6K
Q1 25
$-14.7M
$-64.1K
Q3 24
$-686.5K
Q2 24
$-483.2K
Q1 24
$-498.8K
Free Cash Flow
INV
INV
OSRH
OSRH
Q4 25
$-82.1M
Q3 25
$-20.0M
Q2 25
$-22.1M
Q1 25
$-15.6M
Q3 24
Q2 24
Q1 24
FCF Margin
INV
INV
OSRH
OSRH
Q4 25
-9987.8%
Q3 25
-3747.8%
Q2 25
-4637.2%
Q1 25
-6970.1%
Q3 24
Q2 24
Q1 24
Capex Intensity
INV
INV
OSRH
OSRH
Q4 25
172.4%
Q3 25
82.2%
Q2 25
3.2%
Q1 25
409.4%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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