INNOVATE Corp. (VATE)
NYSE: VATE · Real-Time Price · USD
7.09
+0.61 (9.41%)
At close: May 9, 2025, 4:00 PM
7.09
0.00 (0.00%)
After-hours: May 9, 2025, 7:00 PM EDT
INNOVATE Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Operating Revenue | 1,066 | 1,107 | 1,423 | 1,637 | 1,205 | 716.9 | Upgrade
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| Revenue | 1,066 | 1,107 | 1,423 | 1,637 | 1,205 | 716.9 | Upgrade
|
| Revenue Growth (YoY) | -24.94% | -22.20% | -13.09% | 35.85% | 68.11% | -33.43% | Upgrade
|
| Cost of Revenue | 860.4 | 898.3 | 1,207 | 1,416 | 1,022 | 588.5 | Upgrade
|
| Gross Profit | 205.7 | 208.8 | 216 | 221.4 | 183.7 | 128.4 | Upgrade
|
| Selling, General & Admin | 158.5 | 160.2 | 168 | 173.6 | 166.3 | 145.5 | Upgrade
|
| Other Operating Expenses | -11 | -9 | 0.7 | - | -2.2 | -20 | Upgrade
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| Operating Expenses | 165.1 | 168.8 | 188.9 | 200.8 | 189.5 | 143.2 | Upgrade
|
| Operating Income | 40.6 | 40 | 27.1 | 20.6 | -5.8 | -14.8 | Upgrade
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| Interest Expense | -77.5 | -74.5 | -68.2 | -52 | -59.1 | -74.8 | Upgrade
|
| Interest & Investment Income | 2.6 | 2.6 | 1.3 | - | - | - | Upgrade
|
| Earnings From Equity Investments | -7 | -2.3 | -9.4 | -1.3 | -2.8 | -3.4 | Upgrade
|
| Currency Exchange Gain (Loss) | 1.3 | 1.3 | -0.4 | - | - | - | Upgrade
|
| Other Non Operating Income (Expenses) | 5 | -0.2 | - | -1.2 | 4.3 | -2 | Upgrade
|
| EBT Excluding Unusual Items | -35 | -33.1 | -49.6 | -33.9 | -63.4 | -95 | Upgrade
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| Merger & Restructuring Charges | - | - | - | -6.5 | -2 | - | Upgrade
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| Gain (Loss) on Sale of Investments | - | - | 15.8 | - | - | 71.2 | Upgrade
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| Asset Writedown | - | - | -0.6 | -0.7 | -2.8 | -13.5 | Upgrade
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| Other Unusual Items | -0.3 | -0.3 | - | - | -12.5 | -9.4 | Upgrade
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| Pretax Income | -35.3 | -33.4 | -34.4 | -41.1 | -80.7 | -46.7 | Upgrade
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| Income Tax Expense | 10.1 | 6.3 | 4.5 | 0.9 | 5.6 | 7 | Upgrade
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| Earnings From Continuing Operations | -45.4 | -39.7 | -38.9 | -42 | -86.3 | -53.7 | Upgrade
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| Earnings From Discontinued Operations | - | - | - | - | -149.9 | -48.4 | Upgrade
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| Net Income to Company | -45.4 | -39.7 | -38.9 | -42 | -236.2 | -102.1 | Upgrade
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| Minority Interest in Earnings | 3.7 | 5.1 | 3.7 | 6.1 | 8.7 | 10.1 | Upgrade
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| Net Income | -41.7 | -34.6 | -35.2 | -35.9 | -227.5 | -92 | Upgrade
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| Preferred Dividends & Other Adjustments | 1.2 | 1.2 | 2.4 | 4.9 | 2.2 | 2.8 | Upgrade
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| Net Income to Common | -42.9 | -35.8 | -37.6 | -40.8 | -229.7 | -94.8 | Upgrade
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| Shares Outstanding (Basic) | 12 | 11 | 8 | 8 | 8 | 5 | Upgrade
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| Shares Outstanding (Diluted) | 12 | 11 | 8 | 8 | 8 | 5 | Upgrade
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| Shares Change (YoY) | 53.29% | 36.88% | 0.83% | 0.52% | 53.28% | 12.28% | Upgrade
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| EPS (Basic) | -3.57 | -3.35 | -4.81 | -5.26 | -29.79 | -18.85 | Upgrade
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| EPS (Diluted) | -3.60 | -3.35 | -4.81 | -5.26 | -29.79 | -18.85 | Upgrade
|
| Free Cash Flow | 1.1 | -11.1 | 8.1 | -30.2 | 2.9 | 23.3 | Upgrade
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| Free Cash Flow Per Share | 0.09 | -1.04 | 1.04 | -3.90 | 0.38 | 4.63 | Upgrade
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| Gross Margin | 19.30% | 18.86% | 15.18% | 13.52% | 15.24% | 17.91% | Upgrade
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| Operating Margin | 3.81% | 3.61% | 1.90% | 1.26% | -0.48% | -2.06% | Upgrade
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| Profit Margin | -4.02% | -3.23% | -2.64% | -2.49% | -19.06% | -13.22% | Upgrade
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| Free Cash Flow Margin | 0.10% | -1.00% | 0.57% | -1.85% | 0.24% | 3.25% | Upgrade
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| EBITDA | 73 | 72.9 | 63.1 | 62.8 | 31.8 | 12 | Upgrade
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| EBITDA Margin | 6.85% | 6.59% | 4.43% | 3.84% | 2.64% | 1.67% | Upgrade
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| D&A For EBITDA | 32.4 | 32.9 | 36 | 42.2 | 37.6 | 26.8 | Upgrade
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| EBIT | 40.6 | 40 | 27.1 | 20.6 | -5.8 | -14.8 | Upgrade
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| EBIT Margin | 3.81% | 3.61% | 1.90% | 1.26% | -0.48% | -2.06% | Upgrade
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Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.