INNOVATE Corp. (VATE)
↓ Download CSV- Sector Manufacturing
- Incorporated DE
- Fiscal year ends Dec 31
In fiscal 2025, INNOVATE Corp. reported revenue of $1.25B, up 12.5% from the prior year. The company ran a net loss, with a net margin of -4.9% and a gross margin of 16.0%. It held $950.10M in total assets against $1.17B in total liabilities.
Key ratios (FY2025)
16.0%
Gross margin
2.3%
Operating margin
-4.9%
Net margin
+12.5%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $1.11B | $1.42B | $1.64B | $1.21B | $716.90M | $1.08B | $1.98B | $1.63B | $1.56B |
| Cost of Revenue | $1.05B | $898.30M | $1.21B | $1.42B | $1.02B | $588.50M | $596.00M | $1.59B | $1.31B | $1.25B |
| Gross Profit | $199.70M | $208.80M | $216.00M | $221.40M | $183.70M | $128.40M | — | — | — | — |
| Operating Income | $28.70M | $40.00M | $26.50M | $13.40M | -$10.60M | -$28.30M | $25.30M | -$55.80M | -$1.10M | -$1.50M |
| Net Income | -$60.60M | -$34.60M | -$35.20M | -$35.90M | -$227.50M | -$92.00M | -$31.50M | $162.00M | -$46.90M | -$94.50M |
| EPS (Diluted) | $-4.84 | $-3.08 | $-4.81 | $-0.53 | $-2.98 | $-1.88 | $-0.70 | — | — | $-2.83 |
| Total Assets | $950.10M | $891.10M | $1.04B | $1.15B | $1.08B | $6.72B | $6.96B | $6.50B | $3.22B | $2.84B |
| Total Liabilities | $1.17B | $1.03B | $1.18B | $1.18B | $1.07B | $6.11B | $6.49B | $6.28B | $3.00B | $2.74B |
| Shareholders' Equity | -$226.20M | -$159.30M | -$151.70M | -$90.60M | -$56.20M | $600.20M | $443.60M | $193.70M | $188.10M | $67.40M |
| Cash & Equivalents | $112.10M | $48.80M | $80.80M | $80.40M | $45.50M | $43.80M | $23.30M | $300.70M | $97.90M | $115.40M |
| Operating Cash Flow | $146.60M | $9.10M | $26.50M | -$9.50M | $27.00M | $41.10M | $110.70M | $341.40M | $6.60M | $79.10M |
| Capital Expenditures | $500.0K | $1.20M | $18.40M | $20.70M | $24.10M | $17.80M | $24.70M | $39.70M | $31.90M | $29.00M |
| Shares Outstanding | 13.66M | 13.26M | 7.92M | 78.79M | 77.84M | 76.73M | 46.07M | 44.91M | 44.19M | 41.81M |