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Side-by-side financial comparison of Innventure, Inc. (INV) and SenesTech, Inc. (SNES). Click either name above to swap in a different company.
Innventure, Inc. is the larger business by last-quarter revenue ($822.0K vs $421.0K, roughly 2.0× SenesTech, Inc.). SenesTech, Inc. runs the higher net margin — -428.5% vs -4593.8%, a 4165.3% gap on every dollar of revenue. SenesTech, Inc. produced more free cash flow last quarter ($-1.7M vs $-82.1M).
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.
SenesTech, Inc. is an agricultural biotechnology life-sciences company, specializing in fertility management as a form of pest control. The company's primary product, ContraPest is designed to make brown and black rats infertile. SenesTech is headquartered in Phoenix, Arizona.
INV vs SNES — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.0K | $421.0K |
| Net Profit | $-37.8M | $-1.8M |
| Gross Margin | -1315.8% | 55.3% |
| Operating Margin | -3859.1% | -446.8% |
| Net Margin | -4593.8% | -428.5% |
| Revenue YoY | — | -16.0% |
| Net Profit YoY | — | -43.7% |
| EPS (diluted) | $-0.18 | $0.48 |
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 | $822.0K | $421.0K | ||
| Q3 25 | $534.0K | $690.0K | ||
| Q2 25 | $476.0K | $625.0K | ||
| Q1 25 | $224.0K | $485.0K | ||
| Q4 24 | — | $501.0K | ||
| Q3 24 | $317.0K | $482.0K | ||
| Q2 24 | — | $459.0K | ||
| Q1 24 | — | $415.0K |
| Q4 25 | $-37.8M | $-1.8M | ||
| Q3 25 | $-28.3M | $-1.3M | ||
| Q2 25 | $-84.2M | $-1.6M | ||
| Q1 25 | $-143.0M | $-1.7M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $-2.2M | $-1.5M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | -1315.8% | 55.3% | ||
| Q3 25 | -676.6% | 62.8% | ||
| Q2 25 | -501.1% | 65.4% | ||
| Q1 25 | 17.9% | 64.5% | ||
| Q4 24 | — | 60.9% | ||
| Q3 24 | -145.1% | 65.4% | ||
| Q2 24 | — | 54.2% | ||
| Q1 24 | — | 32.5% |
| Q4 25 | -3859.1% | -446.8% | ||
| Q3 25 | -5469.1% | -195.2% | ||
| Q2 25 | -29952.5% | -258.2% | ||
| Q1 25 | -116606.3% | -342.9% | ||
| Q4 24 | — | -250.9% | ||
| Q3 24 | -4313.6% | -321.0% | ||
| Q2 24 | — | -349.0% | ||
| Q1 24 | — | -444.1% |
| Q4 25 | -4593.8% | -428.5% | ||
| Q3 25 | -5305.6% | -188.1% | ||
| Q2 25 | -17694.7% | -258.6% | ||
| Q1 25 | -63837.9% | -343.3% | ||
| Q4 24 | — | -250.5% | ||
| Q3 24 | -697.5% | -313.9% | ||
| Q2 24 | — | -345.1% | ||
| Q1 24 | — | -441.4% |
| Q4 25 | $-0.18 | $0.48 | ||
| Q3 25 | $-0.51 | $-0.28 | ||
| Q2 25 | $-1.60 | $-0.87 | ||
| Q1 25 | $-3.10 | $-1.28 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | $-0.94 | $-2.07 | ||
| Q2 24 | — | $-3.08 | ||
| Q1 24 | — | $-3.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $60.4M | $8.6M |
| Total DebtLower is stronger | $8.3M | — |
| Stockholders' EquityBook value | $204.2M | $9.6M |
| Total Assets | $599.2M | $12.8M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.4M | $8.6M | ||
| Q3 25 | $9.1M | $10.2M | ||
| Q2 25 | $7.0M | $6.1M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.0M | ||
| Q1 24 | — | $3.6M |
| 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 | $204.2M | $9.6M | ||
| Q3 25 | $190.8M | $11.3M | ||
| Q2 25 | $218.6M | $7.0M | ||
| Q1 25 | $261.5M | $2.9M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | $-22.3M | $3.7M | ||
| Q2 24 | — | $3.1M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | $599.2M | $12.8M | ||
| Q3 25 | $556.5M | $14.6M | ||
| Q2 25 | $556.0M | $10.4M | ||
| Q1 25 | $660.4M | $3.6M | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | $55.7M | $4.4M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | — | $5.5M |
| 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 | $-80.7M | $-1.7M |
| Free Cash FlowOCF − Capex | $-82.1M | $-1.7M |
| FCF MarginFCF / Revenue | -9987.8% | -398.3% |
| Capex IntensityCapex / Revenue | 172.4% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-139.8M | $-5.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-80.7M | $-1.7M | ||
| Q3 25 | $-19.6M | $-1.4M | ||
| Q2 25 | $-22.1M | $-1.1M | ||
| Q1 25 | $-14.7M | $-1.6M | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | $-82.1M | $-1.7M | ||
| Q3 25 | $-20.0M | $-1.4M | ||
| Q2 25 | $-22.1M | $-1.2M | ||
| Q1 25 | $-15.6M | $-1.6M | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $-1.6M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | -9987.8% | -398.3% | ||
| Q3 25 | -3747.8% | -205.9% | ||
| Q2 25 | -4637.2% | -191.5% | ||
| Q1 25 | -6970.1% | -328.5% | ||
| Q4 24 | — | -246.1% | ||
| Q3 24 | — | -296.1% | ||
| Q2 24 | — | -354.2% | ||
| Q1 24 | — | -441.2% |
| Q4 25 | 172.4% | 3.1% | ||
| Q3 25 | 82.2% | 6.1% | ||
| Q2 25 | 3.2% | 7.5% | ||
| Q1 25 | 409.4% | 7.4% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 0.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
