INNOVATE Corp. financial data

Symbol
VATE on NYSE
Location
New York, NY
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 12 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 50% % -57%
Quick Ratio 2.5% % -56%
Debt-to-equity -507% % 22%
Return On Equity 36% % 98%
Return On Assets -7.8% % -171%
Operating Margin 1.5% %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 13,655,062 shares 3%
Common Stock, Shares, Outstanding 13,655,062 shares 3.7%
Entity Public Float $32,300,000 USD -63%
Common Stock, Value, Issued $0 USD
Weighted Average Number of Shares Outstanding, Basic 13,264,799 shares 2.3%
Weighted Average Number of Shares Outstanding, Diluted 13,264,799 shares 2.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $1,099,900,000 USD 43%
Revenue from Contract with Customer, Excluding Assessed Tax $1,231,500,000 USD -16%
Cost of Revenue $912,700,000 USD -9.5%
Operating Income (Loss) $16,900,000 USD -67%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $67,100,000 USD -141%
Income Tax Expense (Benefit) $6,600,000 USD 27%
Net Income (Loss) Attributable to Parent $69,800,000 USD -156%
Earnings Per Share, Basic -5 USD/shares 14%
Earnings Per Share, Diluted -4 USD/shares 17%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $35,500,000 USD -30%
Accounts Receivable, after Allowance for Credit Loss, Current $265,600,000 USD 39%
Inventory, Net $18,100,000 USD -14%
Other Assets, Current $20,600,000 USD 29%
Assets, Current $420,600,000 USD 5.2%
Deferred Income Tax Assets, Net $1,600,000 USD -20%
Operating Lease, Right-of-Use Asset $52,000,000 USD -2.6%
Intangible Assets, Net (Excluding Goodwill) $167,000,000 USD -3.7%
Goodwill $126,900,000 USD -0.16%
Other Assets, Noncurrent $60,900,000 USD 0.83%
Assets $913,200,000 USD 1.8%
Accrued Liabilities, Current $110,100,000 USD 18%
Contract with Customer, Liability, Current $175,500,000 USD 105%
Liabilities, Current $974,300,000 USD 108%
Long-term Debt and Lease Obligation $97,300,000 USD -81%
Deferred Income Tax Liabilities, Net $4,300,000 USD 0%
Operating Lease, Liability, Noncurrent $41,900,000 USD -2.8%
Other Liabilities, Noncurrent $45,000,000 USD -5.9%
Liabilities $1,120,900,000 USD 9.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax $2,400,000 USD -200%
Retained Earnings (Accumulated Deficit) $575,100,000 USD -14%
Stockholders' Equity Attributable to Parent $233,300,000 USD -43%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $215,900,000 USD -53%
Liabilities and Equity $913,200,000 USD 1.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $14,100,000 USD 44%
Net Cash Provided by (Used in) Financing Activities $2,400,000 USD
Net Cash Provided by (Used in) Investing Activities $3,900,000 USD -18%
Common Stock, Shares Authorized 250,000,000 shares 0%
Common Stock, Shares, Issued 13,818,904 shares 3.8%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $15,400,000 USD 64%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $36,100,000 USD -31%
Interest Paid, Excluding Capitalized Interest, Operating Activities $19,500,000 USD -0.51%
Deferred Tax Assets, Valuation Allowance $128,900,000 USD 16%
Deferred Tax Assets, Gross $190,600,000 USD 7.3%
Operating Lease, Liability $54,600,000 USD -2.7%
Depreciation $23,100,000 USD -8.7%
Payments to Acquire Property, Plant, and Equipment $4,700,000 USD -16%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $71,400,000 USD -178%
Lessee, Operating Lease, Liability, to be Paid $66,700,000 USD -3.9%
Operating Lease, Liability, Current $12,700,000 USD -2.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two $12,200,000 USD 11%
Lessee, Operating Lease, Liability, to be Paid, Year One $14,200,000 USD -4.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) $100,000 USD 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $12,100,000 USD -9%
Lessee, Operating Lease, Liability, to be Paid, Year Three $9,300,000 USD 11%
Deferred Tax Assets, Operating Loss Carryforwards $79,200,000 USD 6%
Preferred Stock, Shares Authorized 20,000,000 shares 0%
Unrecognized Tax Benefits $17,600,000 USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four $5,800,000 USD -1.7%
Operating Lease, Payments $19,200,000 USD -1%
Amortization of Intangible Assets $7,800,000 USD -1.3%
Depreciation, Depletion and Amortization $7,900,000 USD -6%
Share-based Payment Arrangement, Expense $4,500,000 USD 246%
Interest Expense $69,800,000 USD 27%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%