INNOVATE Corp. (VATE)
NYSE: VATE · Real-Time Price · USD
15.23
+0.83 (5.76%)
May 29, 2026, 4:00 PM EDT - Market closed
INNOVATE Income Statement
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 | Mar '26 Mar 31, 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 |
| 1,337 | 1,246 | 1,107 | 1,423 | 1,637 | 1,205 | |
Revenue Growth (YoY) | 25.37% | 12.55% | -22.20% | -13.09% | 35.85% | 68.11% |
Cost of Revenue | 1,129 | 1,046 | 898.3 | 1,207 | 1,416 | 1,022 |
Gross Profit | 207.7 | 199.7 | 208.8 | 216 | 221.4 | 183.7 |
Selling, General & Admin | 154.7 | 153.1 | 160.2 | 168 | 180.1 | 168.3 |
Depreciation & Amortization Expenses | 17.3 | 17.5 | 17.6 | 20.2 | 27.2 | 25.4 |
Other Operating Expenses | 0.4 | 0.4 | -9 | 1.3 | 0.7 | 0.6 |
Total Operating Expenses | 172.4 | 171 | 168.8 | 189.5 | 208 | 194.3 |
Operating Income | 35.3 | 28.7 | 40 | 26.5 | 13.4 | -10.6 |
Interest Expense | -93.3 | -89 | -74.5 | -68.2 | -52 | -59.1 |
Other Non-Operating Income (Expense) | -0.1 | -1.2 | 1.1 | 7.3 | -2.5 | -11 |
Total Non-Operating Income (Expense) | -93.4 | -90.2 | -73.4 | -60.9 | -54.5 | -70.1 |
Pretax Income | -57 | -61.5 | -33.4 | -34.4 | -41.1 | -80.7 |
Provision for Income Taxes | -1.7 | 2.5 | 6.3 | 4.5 | 0.9 | 5.6 |
Net Income | -56.4 | -64 | -35.8 | -37.6 | -40.8 | -229.7 |
Minority Interest in Earnings | -2.4 | -3.4 | -5.1 | -3.7 | -6.1 | -8.7 |
Net Income Attributable to Preferred Dividends | 3.5 | 3.4 | 1.2 | 2.4 | 4.9 | 2.2 |
Earnings From Discontinued Operations | - | - | - | - | - | -149.9 |
Net Income to Common | -56.4 | -64 | -35.8 | -37.6 | -40.8 | -229.7 |
Shares Outstanding (Basic) | 13 | 13 | 11 | 8 | 8 | 8 |
Shares Outstanding (Diluted) | 13 | 13 | 11 | 8 | 8 | 8 |
Shares Change (YoY) | -0.94% | 23.57% | 36.83% | 0.86% | 0.52% | 53.28% |
EPS (Basic) | -4.25 | -4.84 | -3.08 | -4.81 | -5.30 | -10.50 |
EPS (Diluted) | -4.25 | -4.84 | -3.08 | -4.81 | -5.30 | -10.50 |
Shares Outstanding | 13.64 | 13.66 | 13.26 | 7.92 | 7.88 | 7.78 |
Free Cash Flow | 175.3 | 120.5 | -9.9 | 8.1 | -30.2 | 29.9 |
Free Cash Flow Growth | 45.48% | - | - | - | - | -53.57% |
Free Cash Flow Per Share | 13.21 | 9.12 | -0.93 | 1.04 | -3.90 | 3.88 |
Gross Margin | 15.54% | 16.03% | 18.86% | 15.18% | 13.52% | 15.24% |
Operating Margin | 2.64% | 2.30% | 3.61% | 1.86% | 0.82% | -0.88% |
Profit Margin | -4.14% | -5.14% | -3.59% | -2.73% | -2.57% | -7.16% |
FCF Margin | 13.12% | 9.67% | -0.89% | 0.57% | -1.84% | 2.48% |
EBITDA | 65.2 | 59.1 | 72.9 | 62.5 | 55.6 | 27 |
EBITDA Margin | 4.88% | 4.74% | 6.58% | 4.39% | 3.40% | 2.24% |
EBIT | 35.3 | 28.7 | 40 | 26.5 | 13.4 | -10.6 |
EBIT Margin | 2.64% | 2.30% | 3.61% | 1.86% | 0.82% | -0.88% |
Effective Tax Rate | 2.98% | -4.07% | -18.86% | -13.08% | -2.19% | -6.94% |