INNOVATE Corp. (VATE)
NYSE: VATE · Real-Time Price · USD
5.34
-0.08 (-1.48%)
Feb 11, 2026, 4:00 PM EST - Market closed
INNOVATE Balance Sheet
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 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 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 |
Cash & Equivalents | 35.5 | 48.8 | 80.8 | 80.4 | 45.5 | 43.8 |
Cash & Short-Term Investments | 35.5 | 48.8 | 80.8 | 80.4 | 45.5 | 43.8 |
Cash Growth | -30.39% | -39.60% | 0.50% | 76.70% | 3.88% | -77.39% |
Accounts Receivable | 345.1 | 294.5 | 391.8 | 415.5 | 355.1 | 212.4 |
Other Receivables | 3.9 | 6.4 | 7.3 | 9.8 | 10.6 | 8.9 |
Receivables | 349 | 300.9 | 399.1 | 425.3 | 365.7 | 221.3 |
Inventory | 18.1 | 20.8 | 22.4 | 18.9 | 17 | 9.9 |
Prepaid Expenses | 10.1 | 10.9 | 11.2 | 10.4 | - | - |
Restricted Cash | - | - | 0.9 | 0.3 | 2 | 1.5 |
Other Current Assets | 7.9 | 9.5 | 3.5 | 1.1 | 12.4 | 5,951 |
Total Current Assets | 420.6 | 390.9 | 517.9 | 536.4 | 442.6 | 6,227 |
Property, Plant & Equipment | 186.4 | 187.3 | 212.6 | 225.2 | 239.5 | 152.6 |
Long-Term Investments | 1.8 | 3.6 | 1.8 | 48.2 | 44.7 | 44.1 |
Goodwill | 126.9 | 126.7 | 127.1 | 127.1 | 127.4 | 111 |
Other Intangible Assets | 167 | 172.4 | 178.9 | 195.7 | 208.4 | 172.1 |
Long-Term Deferred Tax Assets | 1.6 | 1.6 | 2 | 1.7 | 3 | 3 |
Other Long-Term Assets | 8.9 | 8.6 | 3.3 | 17.4 | 15 | 13.7 |
Total Assets | 913.2 | 891.1 | 1,044 | 1,152 | 1,081 | 6,724 |
Accounts Payable | 99.9 | 84.8 | 142.9 | 202.5 | 179.2 | 69.7 |
Accrued Expenses | 107.6 | 108.9 | 70.4 | 65 | 93 | 76.5 |
Current Portion of Long-Term Debt | 571.8 | 162.2 | 30.5 | 30.6 | 69.5 | 433.6 |
Current Portion of Leases | 12.7 | 12.9 | 13.5 | 17.1 | 15.5 | 11.2 |
Current Income Taxes Payable | 2.5 | 0.8 | 0.4 | 0.4 | 0.4 | 0.6 |
Current Unearned Revenue | 175.5 | 109.1 | 153.5 | 98.6 | 79.1 | 33.2 |
Other Current Liabilities | 4.3 | 4.3 | 2.6 | 3 | 2.8 | 5,308 |
Total Current Liabilities | 974.3 | 483 | 413.8 | 417.2 | 439.5 | 5,933 |
Long-Term Debt | 97.1 | 500 | 676.9 | 681.7 | 556.7 | 127.1 |
Long-Term Leases | 42.1 | 44.1 | 51 | 55.9 | 58.6 | 32.4 |
Long-Term Deferred Tax Liabilities | 4.3 | 4.4 | 4.1 | 9.1 | 9.1 | 7 |
Other Long-Term Liabilities | 3.1 | 3.3 | 34.1 | 17.4 | 4.8 | 8.2 |
Total Liabilities | 1,121 | 1,035 | 1,180 | 1,181 | 1,069 | 6,108 |
Common Stock | - | - | - | 0.1 | 0.1 | 0.1 |
Additional Paid-In Capital | 349.8 | 350.1 | 328.3 | 330.1 | 330.6 | 355.7 |
Retained Earnings | -575.1 | -521.9 | -487.3 | -452.1 | -416.2 | -188.7 |
Treasury Stock | -5.6 | -5.4 | -5.4 | -5.3 | -5.2 | -4.2 |
Comprehensive Income & Other | -2.4 | -3.2 | -1.1 | 5.9 | 6.4 | 396.9 |
Total Common Equity | -233.3 | -180.4 | -165.5 | -121.3 | -84.3 | 559.8 |
Minority Interest | 16.5 | 20.6 | 12.8 | 74.1 | 77.4 | 45.7 |
Shareholders' Equity | -207.7 | -143.7 | -136.3 | -29.6 | 11.9 | 615.9 |
Total Liabilities & Equity | 913.2 | 891.1 | 1,044 | 1,152 | 1,081 | 6,724 |
Total Debt | 723.7 | 719.2 | 771.9 | 785.3 | 700.3 | 604.3 |
Net Cash (Debt) | -688.2 | -670.4 | -691.1 | -704.9 | -654.8 | -560.5 |
Net Cash Per Share | -52.41 | -62.68 | -88.44 | -90.95 | -84.93 | -111.43 |
Filing Date Shares Outstanding | 13.66 | 13.28 | 7.92 | 7.88 | 7.78 | 7.68 |
Total Common Shares Outstanding | 13.66 | 13.26 | 7.92 | 7.88 | 7.78 | 7.67 |
Working Capital | -553.7 | -92.1 | 104.1 | 119.2 | 3.1 | 294.1 |
Book Value Per Share | -17.09 | -13.60 | -20.89 | -15.40 | -10.83 | 72.96 |
Tangible Book Value | -527.2 | -479.5 | -471.5 | -444.1 | -420.1 | 276.7 |
Tangible Book Value Per Share | -38.61 | -36.16 | -59.51 | -56.37 | -53.97 | 36.06 |
Land | 18.9 | 18.6 | 25.8 | 26.1 | 24.1 | 24.1 |
Buildings | 37.1 | 36.8 | 42.9 | 44.8 | 43 | 41 |
Machinery | 228.3 | 218.4 | 218.8 | 168.6 | 189 | 118.1 |
Construction In Progress | 12.9 | 8 | 4.8 | 8.4 | 8.9 | 3.1 |
Order Backlog | - | 957.2 | - | - | - | 394.5 |
Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.