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 Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 87.8 | 112.1 | 48.8 | 80.8 | 80.4 | 45.5 |
Cash & Short-Term Investments | 87.8 | 112.1 | 48.8 | 80.8 | 80.4 | 45.5 |
Cash Growth | 162.87% | 129.71% | -39.60% | 0.50% | 76.70% | 3.88% |
Accounts Receivable | 333.3 | 304.6 | 294.5 | 391.8 | 415.5 | 355.1 |
Other Receivables | 5.5 | 5 | 6.4 | 7.3 | 9.8 | 10.6 |
Receivables | 338.8 | 309.6 | 300.9 | 399.1 | 425.3 | 365.7 |
Inventory | 14.8 | 16 | 20.8 | 22.4 | 18.9 | 17 |
Prepaid Expenses | 24.9 | 10.6 | 10.9 | 11.2 | 10.4 | - |
Restricted Cash | - | - | - | 0.9 | 0.3 | 2 |
Other Current Assets | 13 | 3.2 | 9.5 | 3.5 | 1.1 | 12.4 |
Total Current Assets | 479.3 | 451.5 | 390.9 | 517.9 | 536.4 | 442.6 |
Property, Plant & Equipment | 200.3 | 194.7 | 187.3 | 212.6 | 225.2 | 239.5 |
Long-Term Investments | 2.2 | 1.8 | 3.6 | 1.8 | 48.2 | 44.7 |
Goodwill | 105.7 | 127 | 126.7 | 127.1 | 127.1 | 127.4 |
Other Intangible Assets | 44 | 165.2 | 172.4 | 178.9 | 195.7 | 208.4 |
Long-Term Deferred Tax Assets | 2 | 2 | 1.6 | 2 | 1.7 | 3 |
Other Long-Term Assets | 173.2 | 7.9 | 8.6 | 3.3 | 17.4 | 15 |
Total Assets | 1,007 | 950.1 | 891.1 | 1,044 | 1,152 | 1,081 |
Liabilities
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 |
Accounts Payable | 137.2 | 141.4 | 84.8 | 142.9 | 202.5 | 179.2 |
Accrued Expenses | 65.4 | 121.9 | 108.9 | 70.4 | 65 | 93 |
Current Portion of Long-Term Debt | 553.8 | 581.3 | 162.2 | 30.5 | 30.6 | 69.5 |
Current Portion of Leases | 10.6 | 13 | 12.9 | 13.5 | 17.1 | 15.5 |
Current Income Taxes Payable | 12.5 | 0.6 | 0.8 | 0.4 | 0.4 | 0.4 |
Current Unearned Revenue | 182.7 | 171.9 | 109.1 | 153.5 | 98.6 | 79.1 |
Other Current Liabilities | 121.2 | 4 | 4.3 | 2.6 | 3 | 2.8 |
Total Current Liabilities | 1,083 | 1,034 | 483 | 413.8 | 417.2 | 439.5 |
Long-Term Debt | 62.1 | 80.3 | 500 | 676.9 | 681.7 | 556.7 |
Long-Term Leases | 55.8 | 42.9 | 44.1 | 51 | 55.9 | 58.6 |
Long-Term Deferred Tax Liabilities | 1.9 | 4.7 | 4.4 | 4.1 | 9.1 | 9.1 |
Other Long-Term Liabilities | 23.5 | 3.4 | 3.3 | 34.1 | 17.4 | 4.8 |
Total Liabilities | 1,227 | 1,165 | 1,035 | 1,180 | 1,181 | 1,069 |
Shareholders' Equity
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 |
Common Stock | - | - | - | - | 0.1 | 0.1 |
Additional Paid-In Capital | 352.9 | 350.1 | 350.1 | 328.3 | 330.1 | 330.6 |
Retained Earnings | -588.6 | -582.5 | -521.9 | -487.3 | -452.1 | -416.2 |
Treasury Stock | -5.6 | -5.6 | -5.4 | -5.4 | -5.3 | -5.2 |
Comprehensive Income & Other | -1.9 | -2.1 | -3.2 | -1.1 | 5.9 | 6.4 |
Total Common Equity | -243.2 | -240.1 | -180.4 | -165.5 | -121.3 | -84.3 |
Minority Interest | 13.5 | 15.5 | 20.6 | 12.8 | 74.1 | 77.4 |
Shareholders' Equity | -220 | -215.3 | -143.7 | -136.3 | -29.6 | 11.9 |
Total Liabilities & Equity | 1,007 | 950.1 | 891.1 | 1,044 | 1,152 | 1,081 |
Additional Metrics
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 |
Total Debt | 682.3 | 717.5 | 719.2 | 771.9 | 785.3 | 700.3 |
Net Cash (Debt) | -594.5 | -605.4 | -670.4 | -691.1 | -704.9 | -654.8 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -44.59 | -45.80 | -62.68 | -88.44 | -90.95 | -84.93 |
Filing Date Shares Outstanding | 13.64 | 13.65 | 13.28 | 7.92 | 7.88 | 7.78 |
Total Common Shares Outstanding | 13.64 | 13.66 | 13.26 | 7.92 | 7.88 | 7.78 |
Working Capital | -604.1 | -582.6 | -92.1 | 104.1 | 119.2 | 3.1 |
Book Value Per Share | -17.83 | -17.58 | -13.60 | -20.89 | -15.40 | -10.83 |
Tangible Book Value | -392.9 | -532.3 | -479.5 | -471.5 | -444.1 | -420.1 |
Tangible Book Value Per Share | -28.80 | -38.98 | -36.16 | -59.51 | -56.37 | -53.97 |
Land | 19.1 | 25.3 | 18.6 | 25.8 | 26.1 | 24.1 |
Buildings | 41.9 | 42.4 | 36.8 | 42.9 | 44.8 | 43 |
Machinery | 201.7 | 230 | 218.4 | 218.8 | 168.6 | 189 |
Construction In Progress | 18.1 | 16.3 | 8 | 4.8 | 8.4 | 8.9 |
Order Backlog | - | 1,724 | - | - | - | - |