INNOVATE Corp. (VATE)
NYSE: VATE · Real-Time Price · USD
7.81
+0.17 (2.23%)
Aug 19, 2026, 4:00 PM EDT - Market closed
INNOVATE Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 1,516 | 1,246 | 1,107 | 1,423 | 1,637 | 1,205 |
Revenue Growth | 52.38% | 12.55% | -22.20% | -13.09% | 35.85% | 68.11% |
Gross Profit Gross Profit Growth | 241.6 | 199.7 | 208.8 | 216 | 221.4 | 183.7 |
Operating Income Operating Income Growth | 64.9 | 28.7 | 40 | 27.1 | 20.6 | -5.8 |
Net Income Net Income Growth | -24 | -64 | -35.8 | -37.6 | -40.8 | -229.7 |
Earnings Per Share EPS Growth | -1.81 | -4.84 | -3.35 | -4.81 | -5.26 | -29.79 |
EPS Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Spectrum Spectrum Growth | 22 | 23.2 | 25.7 | 22.5 | 38.7 | 42 |
Infrastructure Infrastructure Growth | 1,484 | 1,210 | 1,072 | 1,397 | 1,594 | 1,160 |
Life Sciences Life Sciences Growth | 10 | 12.5 | 9.8 | 3.3 | 4.3 | 3.5 |
Total Total Growth | 1,516 | 1,246 | 1,107 | 1,423 | 1,637 | 1,205 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 87.8 | 112.1 | 48.8 | 80.8 | 80.4 | 45.5 |
Total Debt Total Debt Growth | 682.3 | 717.5 | 719.2 | 771.9 | 785.3 | 700.3 |
Net Cash (Debt) Net Cash Growth | -594.5 | -605.4 | -670.4 | -691.1 | -704.9 | -654.8 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -44.59 | -45.80 | -62.68 | -88.44 | -90.95 | -84.93 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 141.2 | 146.6 | 9.1 | 26.5 | -9.5 | 27 |
Capital Expenditures CapEx Growth | -35.7 | -26.6 | -20.2 | -18.4 | -20.7 | -24.1 |
Free Cash Flow Free Cash Flow Growth | 105.5 | 120 | -11.1 | 8.1 | -30.2 | 2.9 |
Free Cash Flow Growth | 531.74% | - | - | - | - | -87.55% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 15.93% | 16.03% | 18.86% | 15.18% | 13.52% | 15.24% |
Operating Margin | 4.28% | 2.30% | 3.61% | 1.90% | 1.26% | -0.48% |
Pretax Margin | -0.97% | -4.94% | -3.02% | -2.42% | -2.51% | -6.70% |
Profit Margin | -1.58% | -5.14% | -3.23% | -2.64% | -2.49% | -19.06% |
FCF Margin | 6.96% | 9.63% | -1.00% | 0.57% | -1.85% | 0.24% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 20, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Forward PE | - | 5.19 | 5.19 | 5.19 | 5.19 | 5.19 |
P/FCF Ratio | 1.01 | 0.51 | - | 12.03 | - | 99.22 |
PS Ratio | 0.07 | 0.05 | 0.06 | 0.07 | 0.09 | 0.24 |