Updated
The most significant concentration Innventure discloses is P&G, Nokia and VTT technology agreements, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Innventure’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'agreements with P&G, Nokia, and VTT ... If one or more of these MNC agreements is terminated, Innventure’s ability to license other technologies from existing or future technology providers could be impeded'”
Innventure's disclosed concentration exposure is not a percentage-based revenue or customer metric but a structural dependency on a small set of technology-sourcing relationships: agreements with P&G, Nokia, and VTT. These agreements are the company's channel for licensing new technologies, and the filing is explicit that termination of one or more could impede Innventure's ability to license other technologies from existing or future providers. This is a dependency-type exposure rather than a diversified, structural feature of the business — it reflects reliance on a handful of named multinational counterparties rather than a broad customer or geographic base. Since Innventure's business model is built around identifying and commercializing external technology, the health of this small set of relationships functions as a gating factor for future growth: losing access to even one of these partners could narrow the pipeline of technologies available to license, with knock-on effects on the company's ability to source future ventures. Given size is disclosed at a MEDIUM band, this is a meaningful but not overwhelming exposure, though it is the only concentration risk disclosed in the most recent 10-K and therefore the primary one to monitor.
For the engine’s reasoning on INV’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAMI | Acadian Asset Management Inc. | 1 | 2 | 1 | 4 |
| ALTI | AlTi Global, Inc. | 1 | 0 | 0 | 1 |
| AMP | Ameriprise Financial, Inc. | 0 | 1 | 0 | 1 |
| INV● | Innventure, Inc. | 0 | 1 | 0 | 1 |
| AB | AllianceBernstein Holding L.P. | 0 | 0 | 1 | 1 |
| AMG | Affiliated Managers Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.