INNOVATE Corp. (VATE)
NYSE: VATE · Real-Time Price · USD
7.59
-0.15 (-1.94%)
At close: Aug 28, 2026, 4:00 PM EDT
7.50
-0.09 (-1.19%)
After-hours: Aug 28, 2026, 7:52 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 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 Revenue | 1,516 | 1,246 | 1,107 | 1,423 | 1,637 | 1,205 |
| 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% |
Cost of Revenue | 1,275 | 1,046 | 898.3 | 1,207 | 1,416 | 1,022 |
Gross Profit | 241.6 | 199.7 | 208.8 | 216 | 221.4 | 183.7 |
Selling, General & Admin | 161.1 | 153.1 | 160.2 | 168 | 173.6 | 166.3 |
Other Operating Expenses | -0.8 | 0.4 | -9 | 0.7 | - | -2.2 |
Operating Expenses | 176.7 | 171 | 168.8 | 188.9 | 200.8 | 189.5 |
Operating Income | 64.9 | 28.7 | 40 | 27.1 | 20.6 | -5.8 |
Interest Expense | -99.5 | -89 | -74.5 | -68.2 | -52 | -59.1 |
Interest & Investment Income | 1.1 | 0.7 | 2.6 | 1.3 | - | - |
Earnings From Equity Investments | - | -5.9 | -2.3 | -9.4 | -1.3 | -2.8 |
Currency Exchange Gain (Loss) | -0.6 | -1.1 | 1.3 | -0.4 | - | - |
Other Non Operating Income (Expenses) | 0.8 | 0.2 | - | - | -1.2 | 4.3 |
EBT Excluding Unusual Items | -33.3 | -66.4 | -32.9 | -49.6 | -33.9 | -63.4 |
Merger & Restructuring Charges | - | - | - | - | -6.5 | -2 |
Gain (Loss) on Sale of Investments | 0.2 | 5.2 | -0.2 | 15.8 | - | - |
Asset Writedown | - | - | - | -0.6 | -0.7 | -2.8 |
Other Unusual Items | 18.4 | -0.3 | -0.3 | - | - | -12.5 |
Pretax Income | -14.7 | -61.5 | -33.4 | -34.4 | -41.1 | -80.7 |
Income Tax Expense | 7.2 | 2.5 | 6.3 | 4.5 | 0.9 | 5.6 |
Earnings From Continuing Operations | -21.9 | -64 | -39.7 | -38.9 | -42 | -86.3 |
Earnings From Discontinued Operations | - | - | - | - | - | -149.9 |
Net Income to Company | -21.9 | -64 | -39.7 | -38.9 | -42 | -236.2 |
Minority Interest in Earnings | -0.5 | 3.4 | 5.1 | 3.7 | 6.1 | 8.7 |
Net Income | -22.4 | -60.6 | -34.6 | -35.2 | -35.9 | -227.5 |
Preferred Dividends & Other Adjustments | 1.6 | 3.4 | 1.2 | 2.4 | 4.9 | 2.2 |
Net Income to Common | -24 | -64 | -35.8 | -37.6 | -40.8 | -229.7 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 13 | 13 | 11 | 8 | 8 | 8 |
Shares Outstanding (Diluted) | 13 | 13 | 11 | 8 | 8 | 8 |
Shares Change | 2.11% | 23.57% | 36.88% | 0.83% | 0.52% | 53.28% |
EPS (Basic) | -1.80 | -4.84 | -3.35 | -4.81 | -5.26 | -29.79 |
EPS (Diluted) | -1.81 | -4.84 | -3.35 | -4.81 | -5.26 | -29.79 |
EPS Growth | - | - | - | - | - | - |
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 |
Free Cash Flow | 105.5 | 120 | -11.1 | 8.1 | -30.2 | 2.9 |
Free Cash Flow Per Share | 7.91 | 9.08 | -1.04 | 1.04 | -3.90 | 0.38 |
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% |
Profit Margin | -1.58% | -5.14% | -3.23% | -2.64% | -2.49% | -19.06% |
Free Cash Flow Margin | 6.96% | 9.63% | -1.00% | 0.57% | -1.85% | 0.24% |
EBITDA | 94.4 | 59.1 | 72.9 | 63.1 | 62.8 | 31.8 |
EBITDA Margin | 6.23% | 4.74% | 6.59% | 4.43% | 3.84% | 2.64% |
D&A For EBITDA | 29.5 | 30.4 | 32.9 | 36 | 42.2 | 37.6 |
EBIT | 64.9 | 28.7 | 40 | 27.1 | 20.6 | -5.8 |
EBIT Margin | 4.28% | 2.30% | 3.61% | 1.90% | 1.26% | -0.48% |