<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019eacd0-ec3a-7ae4-8085-ca5a8c5995b5,g:0ed706d8-ddf6-40c3-bbba-d7987696a134-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://www.innventure.com/role/ConsolidatedBalanceSheets" xlink:type="simple" xlink:href="innv-20260630.xsd#ConsolidatedBalanceSheets"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7c6a-a2c9-a190b20bb1fc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7c6a-a2c9-a190b20bb1fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLongTermNotesPayable_019eacd0-ed95-719b-b0bb-fd20e17d929e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLongTermNotesPayable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_us-gaap_OtherLongTermNotesPayable_019eacd0-ed95-719b-b0bb-fd20e17d929e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent_019eacd0-ed95-7e5a-9ba5-5566a473af72" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent_019eacd0-ed95-7e5a-9ba5-5566a473af72" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent_019eacd0-ed95-79bd-b904-e46689553e46" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent_019eacd0-ed95-79bd-b904-e46689553e46" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_PatentInstallmentPayableNoncurrent_019eacd0-ed95-79e8-b237-743db0139582" xlink:href="innv-20260630.xsd#innv_PatentInstallmentPayableNoncurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_innv_PatentInstallmentPayableNoncurrent_019eacd0-ed95-79e8-b237-743db0139582" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019eacd0-ed95-7804-9bcb-f796031c2f18" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_019eacd0-ed95-7804-9bcb-f796031c2f18" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrent_019eacd0-ed95-7726-a70d-69da4592faa9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesNoncurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019eacd0-ed95-7c28-b3e5-53e8b164f77f" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrent_019eacd0-ed95-7726-a70d-69da4592faa9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019eacd0-ed95-7576-8377-9904026fee65" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:to="loc_us-gaap_AssetsCurrent_019eacd0-ed95-7576-8377-9904026fee65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermInvestments_019eacd0-ed95-769d-b0e7-efd50142a192" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:to="loc_us-gaap_LongTermInvestments_019eacd0-ed95-769d-b0e7-efd50142a192" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019eacd0-ed95-7a34-8e12-72bf03e9905c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_019eacd0-ed95-7a34-8e12-72bf03e9905c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019eacd0-ed95-7bc3-9f0c-d117bda505ee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019eacd0-ed95-7bc3-9f0c-d117bda505ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019eacd0-ed95-7393-a44b-11fd98698446" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:to="loc_us-gaap_Goodwill_019eacd0-ed95-7393-a44b-11fd98698446" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_019eacd0-ed95-718c-bace-b8d0491c97b7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019eacd0-ed95-76ed-b03f-0ba31ebabdad" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_019eacd0-ed95-718c-bace-b8d0491c97b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019eacd0-ed95-771c-9c08-38c0f545aa7d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019eacd0-ed95-7f9d-ae96-c8ff810eb795" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019eacd0-ed95-771c-9c08-38c0f545aa7d" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019eacd0-ed95-7f9d-ae96-c8ff810eb795" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019eacd0-ed95-7412-b475-99c04bed3e3d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019eacd0-ed95-771c-9c08-38c0f545aa7d" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019eacd0-ed95-7412-b475-99c04bed3e3d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_019eacd0-ed95-7be8-bb55-2a72752ba102" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019eacd0-ed95-771c-9c08-38c0f545aa7d" xlink:to="loc_us-gaap_AdditionalPaidInCapital_019eacd0-ed95-7be8-bb55-2a72752ba102" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019eacd0-ed95-7168-967d-ea861df40246" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019eacd0-ed95-771c-9c08-38c0f545aa7d" xlink:to="loc_us-gaap_CommonStockValue_019eacd0-ed95-7168-967d-ea861df40246" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_019eacd0-ed95-768a-aa15-b64d47b84d8a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PreferredStockValue"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019eacd0-ed95-771c-9c08-38c0f545aa7d" xlink:to="loc_us-gaap_PreferredStockValue_019eacd0-ed95-768a-aa15-b64d47b84d8a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019eacd0-ed95-74a6-a247-34a5386d9eb0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019eacd0-ed95-74a6-a247-34a5386d9eb0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashCurrent_019eacd0-ed95-7606-9f73-8fd6328ee3e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCashCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:to="loc_us-gaap_RestrictedCashCurrent_019eacd0-ed95-7606-9f73-8fd6328ee3e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_019eacd0-ed95-746e-b74a-5b53f772da3c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_019eacd0-ed95-746e-b74a-5b53f772da3c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherReceivablesNetCurrent_019eacd0-ed95-757e-878b-31f7cf8c0071" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherReceivablesNetCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:to="loc_us-gaap_OtherReceivablesNetCurrent_019eacd0-ed95-757e-878b-31f7cf8c0071" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_019eacd0-ed95-724e-8396-dccb1928ed20" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryNet"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:to="loc_us-gaap_InventoryNet_019eacd0-ed95-724e-8396-dccb1928ed20" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019eacd0-ed95-74bb-adf3-2736cb79f154" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019eacd0-ed95-767b-8f64-b70da95dadb8" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019eacd0-ed95-74bb-adf3-2736cb79f154" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019eacd0-ed95-711b-8243-af2ff821f49c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019eacd0-ed95-7e34-b2ac-8c1fd504e1fc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019eacd0-ed95-711b-8243-af2ff821f49c" xlink:to="loc_us-gaap_Liabilities_019eacd0-ed95-7e34-b2ac-8c1fd504e1fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-76df-9b94-d1d86cc37be6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019eacd0-ed95-711b-8243-af2ff821f49c" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-76df-9b94-d1d86cc37be6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_019eacd0-ed95-7b37-ab60-7d3e4ebe8bd1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019eacd0-ed95-711b-8243-af2ff821f49c" xlink:to="loc_us-gaap_CommitmentsAndContingencies_019eacd0-ed95-7b37-ab60-7d3e4ebe8bd1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-7710-a68a-b9863f814b52" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_019eacd0-ed95-76b2-b628-32701f699cf4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MinorityInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-7710-a68a-b9863f814b52" xlink:to="loc_us-gaap_MinorityInterest_019eacd0-ed95-76b2-b628-32701f699cf4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019eacd0-ed95-79aa-8936-509584ef3dd6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-7710-a68a-b9863f814b52" xlink:to="loc_us-gaap_StockholdersEquity_019eacd0-ed95-79aa-8936-509584ef3dd6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableCurrent_019eacd0-ed95-737d-afdf-3b557f269709" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsPayableCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_AccountsPayableCurrent_019eacd0-ed95-737d-afdf-3b557f269709" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedEmployeeBenefitsCurrent_019eacd0-ed95-7a89-854a-4648463b740e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccruedEmployeeBenefitsCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_AccruedEmployeeBenefitsCurrent_019eacd0-ed95-7a89-854a-4648463b740e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrent_019eacd0-ed95-709e-ae93-9a45f3a56f54" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAccruedLiabilitiesCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_OtherAccruedLiabilitiesCurrent_019eacd0-ed95-709e-ae93-9a45f3a56f54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityCurrent_019eacd0-ed95-7f3f-86dc-958b840670a6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractWithCustomerLiabilityCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityCurrent_019eacd0-ed95-7f3f-86dc-958b840670a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNotesPayableCurrent_019eacd0-ed95-7aa5-a7b6-f3e70a68fa14" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNotesPayableCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_OtherNotesPayableCurrent_019eacd0-ed95-7aa5-a7b6-f3e70a68fa14" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleDebtCurrent_019eacd0-ed95-71ec-a68e-46352f88d680" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ConvertibleDebtCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_ConvertibleDebtCurrent_019eacd0-ed95-71ec-a68e-46352f88d680" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConvertibleNotesPayableCurrent_019eacd0-ed95-7a99-b104-9a0e328ca80a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ConvertibleNotesPayableCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_ConvertibleNotesPayableCurrent_019eacd0-ed95-7a99-b104-9a0e328ca80a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_PatentInstallmentPayableCurrent_019eacd0-ed95-7385-8e5f-19ec272646f3" xlink:href="innv-20260630.xsd#innv_PatentInstallmentPayableCurrent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_innv_PatentInstallmentPayableCurrent_019eacd0-ed95-7385-8e5f-19ec272646f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_EquityIssuanceLiabilityCurrent_019eacd0-ed95-78cb-a40c-581448b87a05" xlink:href="innv-20260630.xsd#innv_EquityIssuanceLiabilityCurrent"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_innv_EquityIssuanceLiabilityCurrent_019eacd0-ed95-78cb-a40c-581448b87a05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WarrantsAndRightsOutstanding_019eacd0-ed95-790d-8aa4-5a1a4fc85c65" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WarrantsAndRightsOutstanding"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_WarrantsAndRightsOutstanding_019eacd0-ed95-790d-8aa4-5a1a4fc85c65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TaxesPayableCurrent_019eacd0-ed95-77bd-a2f9-91dc0f8f669b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TaxesPayableCurrent"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_TaxesPayableCurrent_019eacd0-ed95-77bd-a2f9-91dc0f8f669b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_019eacd0-ed95-7fa1-b515-c27df82f69c6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesCurrent"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019eacd0-ed95-7044-ad4b-5fdb51a3020f" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_019eacd0-ed95-7fa1-b515-c27df82f69c6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeLoss" xlink:type="simple" xlink:href="innv-20260630.xsd#ConsolidatedStatementsofOperationsandComprehensiveIncomeLoss"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeLoss" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019eacd0-ed95-7943-ab41-4631485c2fc9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019eacd0-ed95-7835-8c28-e9b78cfb4a9c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019eacd0-ed95-7943-ab41-4631485c2fc9" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019eacd0-ed95-7835-8c28-e9b78cfb4a9c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019eacd0-ed95-7187-9939-397105756737" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019eacd0-ed95-7943-ab41-4631485c2fc9" xlink:to="loc_us-gaap_ProfitLoss_019eacd0-ed95-7187-9939-397105756737" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019eacd0-ed95-7de0-9981-a06d7d0d6ee2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7e31-a0c0-87651cb9d33f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019eacd0-ed95-7de0-9981-a06d7d0d6ee2" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7e31-a0c0-87651cb9d33f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019eacd0-ed95-755e-88f1-d75bb3b02684" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019eacd0-ed95-7de0-9981-a06d7d0d6ee2" xlink:to="loc_us-gaap_OperatingIncomeLoss_019eacd0-ed95-755e-88f1-d75bb3b02684" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_019eacd0-ed95-75b7-82d2-799c26929b58" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_019eacd0-ed95-72de-8305-9db84c805a2a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_019eacd0-ed95-75b7-82d2-799c26929b58" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax_019eacd0-ed95-72de-8305-9db84c805a2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019eacd0-ed95-7aff-9ad6-1666cca99000" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-740c-82b4-c821fba3f7e9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostsAndExpenses"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019eacd0-ed95-7aff-9ad6-1666cca99000" xlink:to="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-740c-82b4-c821fba3f7e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019eacd0-ed95-7626-8261-1f26da586951" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingIncomeLoss_019eacd0-ed95-7aff-9ad6-1666cca99000" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019eacd0-ed95-7626-8261-1f26da586951" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-736a-b008-23fdac117c2a" xlink:href="innv-20260630.xsd#innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019eacd0-ed95-743f-8aa9-0734798d66ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-736a-b008-23fdac117c2a" xlink:to="loc_us-gaap_ProfitLoss_019eacd0-ed95-743f-8aa9-0734798d66ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_019eacd0-ed95-7cad-8738-468a06cfc417" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-736a-b008-23fdac117c2a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_019eacd0-ed95-7cad-8738-468a06cfc417" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_019eacd0-ed95-7012-aa77-d074ea126b4e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestIncomeExpenseNonoperatingNet"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_us-gaap_InterestIncomeExpenseNonoperatingNet_019eacd0-ed95-7012-aa77-d074ea126b4e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnInvestments_019eacd0-ed95-71c8-99bf-8ca27f36ffe9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainLossOnInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_us-gaap_GainLossOnInvestments_019eacd0-ed95-71c8-99bf-8ca27f36ffe9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_UnrealizedGainLossOnFinancialLiabilities_019eacd0-ed95-742a-a63f-56c2b9d14dd9" xlink:href="innv-20260630.xsd#innv_UnrealizedGainLossOnFinancialLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_innv_UnrealizedGainLossOnFinancialLiabilities_019eacd0-ed95-742a-a63f-56c2b9d14dd9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019eacd0-ed95-7fc1-9601-f429290c81a6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromEquityMethodInvestments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_us-gaap_IncomeLossFromEquityMethodInvestments_019eacd0-ed95-7fc1-9601-f429290c81a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_019eacd0-ed95-73e6-9bf8-07582c819dc6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_019eacd0-ed95-73e6-9bf8-07582c819dc6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019eacd0-ed95-7c7c-8938-ef0ceb54dc05" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019eacd0-ed95-7c7c-8938-ef0ceb54dc05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019eacd0-ed95-7345-b5fe-306bafe564a1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019eacd0-ed95-7b51-94d6-c14dd009574e" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019eacd0-ed95-7345-b5fe-306bafe564a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019eacd0-ed95-7d46-a42f-1342edbf01fa" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019eacd0-ed95-7118-b3dc-d916f020819e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019eacd0-ed95-7d46-a42f-1342edbf01fa" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019eacd0-ed95-7118-b3dc-d916f020819e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019eacd0-ed95-77d0-9a98-d618223831a6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019eacd0-ed95-7d46-a42f-1342edbf01fa" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019eacd0-ed95-77d0-9a98-d618223831a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-7f2a-b97c-e38d602c4187" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostsAndExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_019eacd0-ed95-7cb6-a8b3-f91dc5fab445" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostOfGoodsAndServicesSold"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-7f2a-b97c-e38d602c4187" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_019eacd0-ed95-7cb6-a8b3-f91dc5fab445" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingAndMarketingExpense_019eacd0-ed95-7d74-84fb-96c861a77401" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SellingAndMarketingExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-7f2a-b97c-e38d602c4187" xlink:to="loc_us-gaap_SellingAndMarketingExpense_019eacd0-ed95-7d74-84fb-96c861a77401" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResearchAndDevelopmentExpense_019eacd0-ed95-73ba-8858-6c9d75d785b2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ResearchAndDevelopmentExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-7f2a-b97c-e38d602c4187" xlink:to="loc_us-gaap_ResearchAndDevelopmentExpense_019eacd0-ed95-73ba-8858-6c9d75d785b2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_019eacd0-ed95-7ce8-9795-8b4344d81b52" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-7f2a-b97c-e38d602c4187" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_019eacd0-ed95-7ce8-9795-8b4344d81b52" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019eacd0-ed95-78ea-b980-a48cd5e1865c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_019eacd0-ed95-7f2a-b97c-e38d602c4187" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019eacd0-ed95-78ea-b980-a48cd5e1865c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeLossCalculation" xlink:type="simple" xlink:href="innv-20260630.xsd#ConsolidatedStatementsofOperationsandComprehensiveIncomeLossCalculation"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeLossCalculation" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019eacd0-ed95-73b0-83c8-f0168e941c01" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-7ccc-863a-d85c55730f89" xlink:href="innv-20260630.xsd#innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019eacd0-ed95-73b0-83c8-f0168e941c01" xlink:to="loc_innv_ComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest_019eacd0-ed95-7ccc-863a-d85c55730f89" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_019eacd0-ed95-7da7-87b2-ccee9a18160e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019eacd0-ed95-73b0-83c8-f0168e941c01" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_019eacd0-ed95-7da7-87b2-ccee9a18160e" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeLossCalculation_1" xlink:type="simple" xlink:href="innv-20260630.xsd#ConsolidatedStatementsofOperationsandComprehensiveIncomeLossCalculation_1"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeLossCalculation_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019eacd0-ed95-7d19-9d55-8dfb34337af9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019eacd0-ed95-745c-8d56-ae46d5a97cee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019eacd0-ed95-7d19-9d55-8dfb34337af9" xlink:to="loc_us-gaap_NetIncomeLoss_019eacd0-ed95-745c-8d56-ae46d5a97cee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_019eacd0-ed95-764e-a192-1f17d6e7bdad" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019eacd0-ed95-7d19-9d55-8dfb34337af9" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_019eacd0-ed95-764e-a192-1f17d6e7bdad" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/ConsolidatedStatementsofCashFlows" xlink:type="simple" xlink:href="innv-20260630.xsd#ConsolidatedStatementsofCashFlows"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/ConsolidatedStatementsofCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOrSaleOfEquity_019eacd0-ee45-776c-b185-a2e876b40d73" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOrSaleOfEquity"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:to="loc_us-gaap_ProceedsFromIssuanceOrSaleOfEquity_019eacd0-ee45-776c-b185-a2e876b40d73" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMinorityShareholders_019eacd0-ee45-74ba-ad8d-c59f8ca21a9b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromMinorityShareholders"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:to="loc_us-gaap_ProceedsFromMinorityShareholders_019eacd0-ee45-74ba-ad8d-c59f8ca21a9b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromConvertibleDebt_019eacd0-ee45-79e6-9f77-aeadc8729ee8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromConvertibleDebt"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:to="loc_us-gaap_ProceedsFromConvertibleDebt_019eacd0-ee45-79e6-9f77-aeadc8729ee8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_019eacd0-ee45-7157-afe7-89a528eab059" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_019eacd0-ee45-7157-afe7-89a528eab059" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfDebt_019eacd0-ee45-7b4d-9645-83bceb95d21d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepaymentsOfDebt"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:to="loc_us-gaap_RepaymentsOfDebt_019eacd0-ee45-7b4d-9645-83bceb95d21d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_PaymentOfDividendsAndOtherFinancingActivities_019f27c0-4a6c-7cda-9fc8-d222876261d7" xlink:href="innv-20260630.xsd#innv_PaymentOfDividendsAndOtherFinancingActivities"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-7037-bdf1-451d887b21d6" xlink:to="loc_innv_PaymentOfDividendsAndOtherFinancingActivities_019f27c0-4a6c-7cda-9fc8-d222876261d7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019eacd0-ee45-738a-84ee-7ff2b61da46a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7a38-b396-a1e529370b75" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019eacd0-ee45-738a-84ee-7ff2b61da46a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7a38-b396-a1e529370b75" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-70e9-b7cc-4f1ecd32944d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019eacd0-ee45-738a-84ee-7ff2b61da46a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019eacd0-ee45-70e9-b7cc-4f1ecd32944d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019eacd0-ee45-7d7f-89f4-a2fdbd38614e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019eacd0-ee45-738a-84ee-7ff2b61da46a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019eacd0-ee45-7d7f-89f4-a2fdbd38614e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019eacd0-ee45-7598-9d6a-8344422bd9ea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_019eacd0-ee45-7bac-adc2-95d9db13f4f4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019eacd0-ee45-7598-9d6a-8344422bd9ea" xlink:to="loc_us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt_019eacd0-ee45-7bac-adc2-95d9db13f4f4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_019eacd0-ee45-70a6-902c-8707c21cd04d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019eacd0-ee45-7598-9d6a-8344422bd9ea" xlink:to="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_019eacd0-ee45-70a6-902c-8707c21cd04d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019eacd0-ee45-7a7f-8595-6d3b3e83d23d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_ProfitLoss_019eacd0-ee45-7a7f-8595-6d3b3e83d23d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019eacd0-ee45-7b9a-a1db-f7e4b68e7919" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_ShareBasedCompensation_019eacd0-ee45-7b9a-a1db-f7e4b68e7919" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_NoncashInterestIncome_019eacd0-ee45-726d-9e3e-1cefa8744d8e" xlink:href="innv-20260630.xsd#innv_NoncashInterestIncome"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_innv_NoncashInterestIncome_019eacd0-ee45-726d-9e3e-1cefa8744d8e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_UnrealizedGainLossOnFinancialLiabilities_019eacd0-ee45-7706-a43c-40b27035bd7e" xlink:href="innv-20260630.xsd#innv_UnrealizedGainLossOnFinancialLiabilities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_innv_UnrealizedGainLossOnFinancialLiabilities_019eacd0-ee45-7706-a43c-40b27035bd7e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfDebtDiscountPremium_019eacd0-ee45-74e4-af99-fcaa632abc7e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AmortizationOfDebtDiscountPremium"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_AmortizationOfDebtDiscountPremium_019eacd0-ee45-74e4-af99-fcaa632abc7e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaidInKindInterest_019eacd0-ee45-705a-8204-ea560f90b662" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaidInKindInterest"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_PaidInKindInterest_019eacd0-ee45-705a-8204-ea560f90b662" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_IncomeLossFromEquityMethodInvestmentsWithRoundingAdjustment_019eacd0-ee45-7b8b-a6f1-3ca6f7d465d5" xlink:href="innv-20260630.xsd#innv_IncomeLossFromEquityMethodInvestmentsWithRoundingAdjustment"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_innv_IncomeLossFromEquityMethodInvestmentsWithRoundingAdjustment_019eacd0-ee45-7b8b-a6f1-3ca6f7d465d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_019eacd0-ee45-7f32-a9a8-97bf5adc40ab" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtSecuritiesAvailableForSaleRealizedGain"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_019eacd0-ee45-7f32-a9a8-97bf5adc40ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019eacd0-ee45-7356-b431-3cfb0ea8b1bb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_GainsLossesOnExtinguishmentOfDebt_019eacd0-ee45-7356-b431-3cfb0ea8b1bb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019eacd0-ee45-79b8-88f7-19fc791b9b34" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019eacd0-ee45-79b8-88f7-19fc791b9b34" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_019eacd0-ee45-7e16-ab17-9106edd3373b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GainLossOnSaleOfPropertyPlantEquipment"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_GainLossOnSaleOfPropertyPlantEquipment_019eacd0-ee45-7e16-ab17-9106edd3373b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAmortizationAndAccretionNet_019eacd0-ee45-7998-a9f3-2ed054a23544" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationAmortizationAndAccretionNet"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_DepreciationAmortizationAndAccretionNet_019eacd0-ee45-7998-a9f3-2ed054a23544" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_019eacd0-ee45-768c-b4d3-a436e51629ba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_019eacd0-ee45-768c-b4d3-a436e51629ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_019eacd0-ee45-7faa-8bd6-cf269c5c754c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNoncashIncomeExpense"/>
    <link:calculationArc order="14" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_019eacd0-ee45-7faa-8bd6-cf269c5c754c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019eacd0-ee45-77d2-83b2-5fbb3ec1419c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:calculationArc order="15" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019eacd0-ee45-77d2-83b2-5fbb3ec1419c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019eacd0-ee45-7bda-9fa7-71cd3d65d16c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <link:calculationArc order="16" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019eacd0-ee45-7bda-9fa7-71cd3d65d16c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_019eacd0-ee45-7569-ab39-d83f9e3eeb47" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInInventories"/>
    <link:calculationArc order="17" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_019eacd0-ee45-7569-ab39-d83f9e3eeb47" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019eacd0-ee45-7135-bf0b-0d19c26477f5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsPayable"/>
    <link:calculationArc order="18" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_019eacd0-ee45-7135-bf0b-0d19c26477f5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_019eacd0-ee45-7225-9ba6-75bc736a95da" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities"/>
    <link:calculationArc order="19" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_019eacd0-ee45-7225-9ba6-75bc736a95da" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_019eacd0-ee45-7a91-9ac0-02b314aa56e3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherAccruedLiabilities"/>
    <link:calculationArc order="20" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_019eacd0-ee45-7a91-9ac0-02b314aa56e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredCompensation_019eacd0-ee45-7e88-bccc-981ece23711b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInDeferredCompensation"/>
    <link:calculationArc order="21" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInDeferredCompensation_019eacd0-ee45-7e88-bccc-981ece23711b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_019eacd0-ee45-78e2-a130-2100a6653c5c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable"/>
    <link:calculationArc order="22" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_019eacd0-ee45-78e2-a130-2100a6653c5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_019eacd0-ee45-71d1-b4b8-70bab7d010ea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities"/>
    <link:calculationArc order="23" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_019eacd0-ee45-71d1-b4b8-70bab7d010ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_PaymentOfPatentInstallment_019eacd0-ee45-75f4-9cbf-02e67bcf1ee2" xlink:href="innv-20260630.xsd#innv_PaymentOfPatentInstallment"/>
    <link:calculationArc order="24" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_innv_PaymentOfPatentInstallment_019eacd0-ee45-75f4-9cbf-02e67bcf1ee2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_019eacd0-ee45-7135-810f-6f91f911cd73" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInContractWithCustomerLiability"/>
    <link:calculationArc order="25" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_us-gaap_IncreaseDecreaseInContractWithCustomerLiability_019eacd0-ee45-7135-810f-6f91f911cd73" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_GainLossOnInvestmentsIncludingRoundingAdjustment_019ffc3d-bcd4-7f58-8fe0-b6965cb8443f" xlink:href="innv-20260630.xsd#innv_GainLossOnInvestmentsIncludingRoundingAdjustment"/>
    <link:calculationArc order="26" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019eacd0-ee45-7bed-b71e-387aae9d8526" xlink:to="loc_innv_GainLossOnInvestmentsIncludingRoundingAdjustment_019ffc3d-bcd4-7f58-8fe0-b6965cb8443f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/InvestmentsScheduleofInvestmentsDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#InvestmentsScheduleofInvestmentsDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/InvestmentsScheduleofInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermInvestments_019eacd0-ee45-74c0-96fc-f4029d20b34d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermInvestments"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestments_019eacd0-ee45-76bd-a18d-61feadbb6725" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityMethodInvestments"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermInvestments_019eacd0-ee45-74c0-96fc-f4029d20b34d" xlink:to="loc_us-gaap_EquityMethodInvestments_019eacd0-ee45-76bd-a18d-61feadbb6725" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_019eacd0-ee45-7d47-8c79-06994d246a6a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermInvestments_019eacd0-ee45-74c0-96fc-f4029d20b34d" xlink:to="loc_us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_019eacd0-ee45-7d47-8c79-06994d246a6a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019eacd0-ee45-7a26-81c6-af91139c642c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermInvestments_019eacd0-ee45-74c0-96fc-f4029d20b34d" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_019eacd0-ee45-7a26-81c6-af91139c642c" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/BorrowingsMaturityDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#BorrowingsMaturityDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/BorrowingsMaturityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019eacd0-ee45-7b63-b2b1-145042a47b53" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019eacd0-ee45-7e45-8db2-21db5aec44cb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019eacd0-ee45-7b63-b2b1-145042a47b53" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019eacd0-ee45-7e45-8db2-21db5aec44cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019eacd0-ee45-7339-9aa3-60792b2d09dd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019eacd0-ee45-7b63-b2b1-145042a47b53" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019eacd0-ee45-7339-9aa3-60792b2d09dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019fc773-3f7f-7668-b263-09b3bc2d7cba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_019eacd0-ee45-7b63-b2b1-145042a47b53" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019fc773-3f7f-7668-b263-09b3bc2d7cba" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/BorrowingsInterestExpenseDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#BorrowingsInterestExpenseDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/BorrowingsInterestExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt_019eacd0-ee45-7795-8a4f-3a5ed3fb341c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebtExcludingAmortization_019eacd0-ee45-7a40-88e9-2f15dcab2bf5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseDebtExcludingAmortization"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpenseDebt_019eacd0-ee45-7795-8a4f-3a5ed3fb341c" xlink:to="loc_us-gaap_InterestExpenseDebtExcludingAmortization_019eacd0-ee45-7a40-88e9-2f15dcab2bf5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_019eacd0-ee45-7786-92fe-4c751ca0f682" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InterestExpenseDebt_019eacd0-ee45-7795-8a4f-3a5ed3fb341c" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_019eacd0-ee45-7786-92fe-4c751ca0f682" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/InventoriesnetDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#InventoriesnetDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/InventoriesnetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryGross_019f8d8f-3149-7ac4-b61c-88b8033ffffd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryGross"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryRawMaterials_019f8d8f-3149-7c2d-9d86-19858de34ca3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryRawMaterials"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InventoryGross_019f8d8f-3149-7ac4-b61c-88b8033ffffd" xlink:to="loc_us-gaap_InventoryRawMaterials_019f8d8f-3149-7c2d-9d86-19858de34ca3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryWorkInProcess_019f8d8f-3149-7178-84c6-83b0f8746384" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryWorkInProcess"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InventoryGross_019f8d8f-3149-7ac4-b61c-88b8033ffffd" xlink:to="loc_us-gaap_InventoryWorkInProcess_019f8d8f-3149-7178-84c6-83b0f8746384" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryFinishedGoods_019f8d8f-3149-794e-ac85-551dc35359a9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryFinishedGoods"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InventoryGross_019f8d8f-3149-7ac4-b61c-88b8033ffffd" xlink:to="loc_us-gaap_InventoryFinishedGoods_019f8d8f-3149-794e-ac85-551dc35359a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryNet_019eacd0-ee45-7d9e-b32d-bf478ba9d539" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryGross_019eacd0-ee45-7d18-837a-cfb80850619b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InventoryNet_019eacd0-ee45-7d9e-b32d-bf478ba9d539" xlink:to="loc_us-gaap_InventoryGross_019eacd0-ee45-7d18-837a-cfb80850619b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InventoryValuationReserves_019eacd0-ee45-71dd-8a87-a4d9f18e8a50" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InventoryValuationReserves"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_InventoryNet_019eacd0-ee45-7d9e-b32d-bf478ba9d539" xlink:to="loc_us-gaap_InventoryValuationReserves_019eacd0-ee45-71dd-8a87-a4d9f18e8a50" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/PropertyPlantandEquipmentScheduleofPropertyPlantandEquipmentDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#PropertyPlantandEquipmentScheduleofPropertyPlantandEquipmentDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/PropertyPlantandEquipmentScheduleofPropertyPlantandEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019eacd0-ee45-7fff-a5f1-9d7d14afdc8e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019eacd0-ee45-7c11-ab7f-3f0435977717" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019eacd0-ee45-7fff-a5f1-9d7d14afdc8e" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019eacd0-ee45-7c11-ab7f-3f0435977717" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_019eacd0-ee45-7cf2-a56d-b2a1a346905d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019eacd0-ee45-7fff-a5f1-9d7d14afdc8e" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_019eacd0-ee45-7cf2-a56d-b2a1a346905d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/GoodwillandIntangibleAssetsOtherIntangibleAssetsNetDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#GoodwillandIntangibleAssetsOtherIntangibleAssetsNetDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/GoodwillandIntangibleAssetsOtherIntangibleAssetsNetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-7fcb-9032-f94b38f40fe1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019eacd0-ee45-77e2-9bc6-df7ac5907d0c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-7fcb-9032-f94b38f40fe1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019eacd0-ee45-77e2-9bc6-df7ac5907d0c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019eacd0-ee45-7bcf-b5f7-799320b089f0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-7fcb-9032-f94b38f40fe1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019eacd0-ee45-7bcf-b5f7-799320b089f0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/GoodwillandIntangibleAssetsEstimatedFutureAmortizationExpenseDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#GoodwillandIntangibleAssetsEstimatedFutureAmortizationExpenseDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/GoodwillandIntangibleAssetsEstimatedFutureAmortizationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019eacd0-ee45-7f48-9064-4ac078101387" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019eacd0-ee45-7f48-9064-4ac078101387" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_019eacd0-ee45-7095-b558-a43a022fa975" xlink:href="innv-20260630.xsd#innv_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:to="loc_innv_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_019eacd0-ee45-7095-b558-a43a022fa975" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019eacd0-ee45-7d3c-9202-fe4f82e6a6a4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019eacd0-ee45-7d3c-9202-fe4f82e6a6a4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019eacd0-ee45-7e9f-8d7d-415e048c9997" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019eacd0-ee45-7e9f-8d7d-415e048c9997" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019eacd0-ee45-7be3-a9f1-1a52967fd1d1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019eacd0-ee45-7be3-a9f1-1a52967fd1d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019eacd0-ee45-7258-9fca-99692a382dfd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019eacd0-ee45-76ff-940f-6c2114ca91a1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019eacd0-ee45-7258-9fca-99692a382dfd" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/NetLossPerShareReconciliationforEPSCalculationsDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#NetLossPerShareReconciliationforEPSCalculationsDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/NetLossPerShareReconciliationforEPSCalculationsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019eacd0-ee45-7a55-ad5a-9f9f0bcf2151" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-7ea5-a117-693737bd481a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019eacd0-ee45-7a55-ad5a-9f9f0bcf2151" xlink:to="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-7ea5-a117-693737bd481a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_019eacd0-ee45-7daa-a9ba-1cc05fa20500" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019eacd0-ee45-7a55-ad5a-9f9f0bcf2151" xlink:to="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_019eacd0-ee45-7daa-a9ba-1cc05fa20500" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019eacd0-ee45-7283-adca-f8092ed4017c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-739e-9975-e4632256d14a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019eacd0-ee45-7283-adca-f8092ed4017c" xlink:to="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-739e-9975-e4632256d14a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_019eacd0-ee45-7f88-96d0-21acc23f348e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019eacd0-ee45-7283-adca-f8092ed4017c" xlink:to="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted_019eacd0-ee45-7f88-96d0-21acc23f348e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-741b-badc-4e0839ed9a90" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_019eacd0-ee45-7664-89db-6aa61c0b5dc7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-741b-badc-4e0839ed9a90" xlink:to="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_019eacd0-ee45-7664-89db-6aa61c0b5dc7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019eacd0-ee45-7c5b-812e-3443c18b54da" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_019eacd0-ee45-741b-badc-4e0839ed9a90" xlink:to="loc_us-gaap_NetIncomeLoss_019eacd0-ee45-7c5b-812e-3443c18b54da" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/CommitmentsandContingenciesMinimumPatentRoyaltiesPayableDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#CommitmentsandContingenciesMinimumPatentRoyaltiesPayableDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/CommitmentsandContingenciesMinimumPatentRoyaltiesPayableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractualObligation"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligationDueInSecondYear_019eacd0-ee45-71bb-9a19-03db422c5908" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractualObligationDueInSecondYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:to="loc_us-gaap_ContractualObligationDueInSecondYear_019eacd0-ee45-71bb-9a19-03db422c5908" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear_019eacd0-ee45-7d6e-9aa3-45d563847d1f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:to="loc_us-gaap_ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear_019eacd0-ee45-7d6e-9aa3-45d563847d1f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligationDueInNextTwelveMonths_019eacd0-ee45-77b1-8461-3c31be2b5674" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractualObligationDueInNextTwelveMonths"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:to="loc_us-gaap_ContractualObligationDueInNextTwelveMonths_019eacd0-ee45-77b1-8461-3c31be2b5674" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligationDueInFourthYear_019eacd0-ee45-7a98-a833-0d36820be88e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractualObligationDueInFourthYear"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:to="loc_us-gaap_ContractualObligationDueInFourthYear_019eacd0-ee45-7a98-a833-0d36820be88e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_ContractualObligationToBePaidAfterYearFour_019eacd0-ee45-7e60-bd47-216e4d49e0fe" xlink:href="innv-20260630.xsd#innv_ContractualObligationToBePaidAfterYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:to="loc_innv_ContractualObligationToBePaidAfterYearFour_019eacd0-ee45-7e60-bd47-216e4d49e0fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ContractualObligationDueInThirdYear_019eacd0-ee45-734d-92f4-dd94a12e4b5e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ContractualObligationDueInThirdYear"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ContractualObligation_019eacd0-ee45-79df-9e2c-fe49251ef871" xlink:to="loc_us-gaap_ContractualObligationDueInThirdYear_019eacd0-ee45-734d-92f4-dd94a12e4b5e" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.innventure.com/role/BusinessSegmentDataTechnologySegmentInformationDetails" xlink:type="simple" xlink:href="innv-20260630.xsd#BusinessSegmentDataTechnologySegmentInformationDetails"/>
  <link:calculationLink xlink:role="http://www.innventure.com/role/BusinessSegmentDataTechnologySegmentInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019eacd0-ee45-7322-a3f4-5b60c74b40ae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7639-9bd7-fba0c7ab4805" xlink:href="innv-20260630.xsd#innv_CostsAndExpensesAndNonoperatingIncomeExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019eacd0-ee45-7322-a3f4-5b60c74b40ae" xlink:to="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7639-9bd7-fba0c7ab4805" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_019eacd0-ee45-7792-86ce-f0861287c525" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019eacd0-ee45-7322-a3f4-5b60c74b40ae" xlink:to="loc_us-gaap_InvestmentIncomeInterest_019eacd0-ee45-7792-86ce-f0861287c525" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019eacd0-ee45-71e3-bac7-7d665e35f315" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019eacd0-ee45-7322-a3f4-5b60c74b40ae" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019eacd0-ee45-71e3-bac7-7d665e35f315" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:href="innv-20260630.xsd#innv_CostsAndExpensesAndNonoperatingIncomeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationNonproduction_019eacd0-ee45-7c42-a817-4387e19f3ac4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationNonproduction"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_DepreciationNonproduction_019eacd0-ee45-7c42-a817-4387e19f3ac4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_innv_FacilitiesEquipmentAndSupplies_019eacd0-ee45-755e-9c04-437a6a5562a2" xlink:href="innv-20260630.xsd#innv_FacilitiesEquipmentAndSupplies"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_innv_FacilitiesEquipmentAndSupplies_019eacd0-ee45-755e-9c04-437a6a5562a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResearchAndDevelopmentExpense_019eacd0-ee45-7ddc-92f6-cc09ff2c9173" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ResearchAndDevelopmentExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_ResearchAndDevelopmentExpense_019eacd0-ee45-7ddc-92f6-cc09ff2c9173" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019eacd0-ee45-7def-b633-fa293bab6332" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019eacd0-ee45-7def-b633-fa293bab6332" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingAndMarketingExpense_019eacd0-ee45-7256-ab1b-98265353bbec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SellingAndMarketingExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_SellingAndMarketingExpense_019eacd0-ee45-7256-ab1b-98265353bbec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_019eacd0-ee45-786e-91eb-2d970f379957" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CostOfGoodsAndServicesSold"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_019eacd0-ee45-786e-91eb-2d970f379957" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfessionalFees_019eacd0-ee45-73f8-b779-3342b8cf7a19" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfessionalFees"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_ProfessionalFees_019eacd0-ee45-73f8-b779-3342b8cf7a19" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019eacd0-ee45-7319-9f87-747034ae397a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019eacd0-ee45-7319-9f87-747034ae397a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CompensationExpenseExcludingCostOfGoodAndServiceSold_019eacd0-ee45-7c7c-ab1a-012eb403a75d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CompensationExpenseExcludingCostOfGoodAndServiceSold"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_CompensationExpenseExcludingCostOfGoodAndServiceSold_019eacd0-ee45-7c7c-ab1a-012eb403a75d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseNonoperating_019eacd0-ee45-7872-a3cd-75064b398e2a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseNonoperating"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_InterestExpenseNonoperating_019eacd0-ee45-7872-a3cd-75064b398e2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019eacd0-ee45-70f8-bc8d-0f99e42f45c0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019eacd0-ee45-70f8-bc8d-0f99e42f45c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillImpairmentLoss_019eacd0-ee45-7b1e-aa54-01e2c36fc9ee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillImpairmentLoss"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_innv_CostsAndExpensesAndNonoperatingIncomeExpense_019eacd0-ee45-7c2e-8dba-c4055c68c8a8" xlink:to="loc_us-gaap_GoodwillImpairmentLoss_019eacd0-ee45-7b1e-aa54-01e2c36fc9ee" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
