INNOVATE Corp.
INNOVATE Corp.
Insider Sentiment (TTM):
Last Purchase:2024-11-19Last Sale:2024-03-15Shares Purchased (TTM):0Shares Sold (TTM):0
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:2,367,264Shares Outstanding:13,344,976Institutional Ownership Pct.:17.74%
Earnings Market Reaction:
Filing Date:2026-05-14Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Series A3 And A4 Preferred Stock | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 135 | 112 | 36 | 33 | 33 | 49 | 51 | 80 | 38 | 81 | 56 | 29 | |||||
Accounts Receivable Net Current | 186 | 241 | 266 | 243 | 165 | 194 | 191 | 178 | 269 | 278 | 291 | 294 | |||||
Contract With Customer Asset Net | - | - | - | - | - | - | - | - | - | - | 171 | 175 | |||||
Contract With Customer Asset Net Current | 55 | 64 | 81 | 83 | 135 | 106 | 114 | 101 | 82 | 119 | - | - | |||||
Inventory Net | 15 | 16 | 18 | 21 | 20 | 21 | 21 | 21 | 22 | 22 | 19 | 20 | |||||
Restricted Cash Current | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | - | - | 7 | 0 | 4 | 3 | - | - | |||||
Other Assets Current | 15 | 18 | 21 | 19 | 19 | 21 | 16 | 14 | 13 | 18 | 16 | 14 | |||||
Assets Current | 406 | 452 | 421 | 398 | 372 | 391 | 400 | 395 | 429 | 518 | 553 | 531 | |||||
Investments | 2 | 2 | 2 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 7 | 7 | |||||
Deferred Income Tax Assets Net | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Property Plant And Equipment And Finance Lease Rig… | 148 | 142 | 134 | 132 | 133 | 134 | 133 | 144 | 147 | 155 | 160 | 162 | |||||
Goodwill | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | |||||
Intangible Assets Net Excluding Goodwill | 164 | 165 | 167 | 169 | 170 | 172 | 173 | 175 | 177 | 179 | 181 | 183 | |||||
Other Assets Noncurrent | 88 | 61 | 61 | 59 | 61 | 62 | 60 | 55 | 60 | 61 | 67 | 68 | |||||
Assets | 937 | 950 | 913 | 891 | 868 | 891 | 897 | 899 | 944 | 1,044 | 1,096 | 1,080 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable And Other Accrued Liabilities | 130 | 141 | 100 | 80 | 105 | 85 | 84 | 90 | 123 | 143 | 149 | 189 | |||||
Accrued Liabilities Current | 104 | 123 | 110 | 125 | 107 | 110 | 93 | 60 | 51 | 71 | 66 | 73 | |||||
Long Term Debt Current | 611 | 581 | 572 | 478 | 524 | 162 | 189 | 50 | 34 | 31 | 163 | 222 | |||||
Contract With Customer Liability Current | 157 | 172 | 176 | 173 | 95 | 109 | 86 | 73 | 125 | 154 | 162 | 117 | |||||
Other Liabilities Current | 18 | 17 | 17 | 17 | 17 | 17 | 16 | 16 | 16 | 16 | 17 | 17 | |||||
Liabilities Current | 1,020 | 1,034 | 974 | 873 | 848 | 483 | 468 | 289 | 349 | 414 | 558 | 619 | |||||
Deferred Income Tax Liabilities Net | 5 | 5 | 4 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
Debt And Capital Lease Obligations | 69 | 80 | 97 | 160 | 140 | 501 | 502 | 638 | 642 | 679 | 587 | 520 | |||||
Other Liabilities Noncurrent | 76 | 46 | 45 | 43 | 45 | 47 | 48 | 77 | 83 | 83 | 75 | 55 | |||||
Liabilities | 1,169 | 1,165 | 1,121 | 1,080 | 1,037 | 1,035 | 1,023 | 1,009 | 1,078 | 1,180 | 1,223 | 1,198 | |||||
Temporary Equity | |||||||||||||||||
Temporary Equity Carrying Amount Including Portion… | 11 | 11 | 8 | 17 | 15 | 16 | 16 | 16 | 39 | 15 | 8 | 10 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 350 | 350 | 350 | 349 | 351 | 350 | 348 | 348 | 328 | 328 | 328 | 327 | |||||
Treasury Stock Common Value | -6 | -6 | -6 | -6 | -6 | -5 | -5 | -5 | -5 | -5 | -5 | -5 | |||||
Retained Earnings Accumulated Deficit | -599 | -583 | -575 | -566 | -546 | -522 | -505 | -490 | -505 | -487 | -478 | -471 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2 | -2 | -2 | -2 | -3 | -3 | -1 | -2 | -2 | -1 | -2 | -2 | |||||
Stockholders Equity | -256 | -240 | -216 | -225 | -184 | -159 | -163 | -126 | -173 | -166 | -135 | -151 | |||||
Minority Interest | 13 | 14 | 17 | 18 | 20 | 21 | 22 | 23 | 11 | 14 | 23 | 23 | |||||
Liabilities And Stockholders Equity | 937 | 950 | 913 | 891 | 868 | 891 | 897 | 899 | 944 | 1,044 | 1,096 | 1,080 | |||||
Series A3 A4 And C Preferred Stock | - | - | - | - | - | - | - | 0 | 0 | - | - | - | |||||
Series A3 A4 Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 0 | - | - | |||||
Series A3 Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Series A Three Preferred Stock | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Series A4 Preferred Stock | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Series C Preferred Stock | - | - | - | - | - | - | - | - | 0 | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | - | - | |||||
Series A Four Preferred Stock | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 160 | 160 | 160 | 160 | |||||
Common Stock Shares Issued | 138 | 138 | 138 | 135 | 134 | 134 | 133 | 132 | 163 | 161 | 161 | 161 | |||||
Shares Outstanding | 14 | 14 | 14 | 13 | 13 | 13 | 13 | 9 | 8 | 8 | 8 | 8 | |||||
Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 62.50% | 26.80% | - | - | - | - | - | - | - | - | - | - |
| 2025 | -7.37% | -14.10% | -6.89% | -6.08% | -16.84% | -2.60% | -10.05% | -4.94% | 2.19% | 165.26% | 164.52% | 314.89% |
| 2024 | -17.57% | -18.92% | -12.16% | -26.07% | -29.46% | 12.14% | 17.90% | 3.70% | 106.03% | -15.33% | -19.28% | -31.93% |
| 2023 | - | - | - | -1.19% | -3.57% | -23.21% | -1.87% | 14.95% | -5.61% | -19.54% | -37.93% | -25.29% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.40 | 0.44 | 0.43 | 0.46 | 0.44 | 0.81 | 0.85 | 1.37 | 1.23 | 1.25 | 0.99 | 0.86 | |||||
| Quick Ratio | 0.38 | 0.42 | 0.41 | 0.43 | 0.42 | 0.77 | 0.81 | 1.29 | 1.17 | 1.20 | 0.96 | 0.83 | |||||
| Working Capital | -613.90M | -582.60M | -553.70M | -474.70M | -476.10M | -92.10M | -68.10M | 105.60M | 79.60M | 104.10M | -5.20M | -87.70M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -4.56 | -5.15 | -5.19 | -4.81 | -5.63 | -6.50 | -6.27 | -8.00 | -6.22 | -7.78 | -9.05 | -7.94 | |||||
| Interest Coverage TTM | 0.38 | 0.32 | 0.20 | 0.20 | 0.52 | 0.54 | 0.70 | 0.80 | 0.48 | 0.39 | 0.30 | 0.25 | |||||
| Debt Ratio | 1.25 | 1.23 | 1.23 | 1.21 | 1.19 | 1.16 | 1.14 | 1.12 | 1.14 | 1.13 | 1.12 | 1.11 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.48 | 1.35 | 1.22 | 1.11 | 1.18 | 1.14 | 1.24 | 1.38 | 1.43 | 1.30 | 1.30 | 1.39 | |||||
| Days Sales Outstanding TTM | 47.86 | 63.73 | 75.73 | 77.20 | 74.26 | 77.87 | 71.37 | 63.10 | 67.20 | 68.40 | 76.74 | 67.85 | |||||
| Receivables Turnover TTM | 7.63 | 5.73 | 4.82 | 4.73 | 4.92 | 4.69 | 5.11 | 5.78 | 5.43 | 5.34 | 4.76 | 5.38 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -4.25 | -4.84 | -5.69 | -6.21 | -3.55 | -3.71 | -2.22 | -1.55 | -5.90 | -4.98 | -3.85 | -3.63 | |||||
| Free Cash Flow Per Share TTM | 15.40 | 10.70 | 5.62 | 1.83 | 0.18 | -0.93 | 0.97 | 7.23 | 7.35 | 1.04 | 1.24 | -6.12 | |||||
| Dividend Per Share TTM | 0.17 | 0.17 | 0.14 | 0.13 | 0.11 | 0.14 | 0.12 | 0.17 | 0.17 | 0.28 | 0.40 | 0.53 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 15.54% | 16.03% | 17.02% | 18.66% | 19.29% | 18.86% | 18.15% | 17.15% | 15.56% | 15.18% | 14.80% | 14.32% | |||||
| Operating Profit Margin TTM | 2.64% | 2.30% | 1.54% | 1.68% | 3.81% | 3.61% | 4.18% | 4.13% | 2.34% | 1.86% | 1.29% | 0.98% | |||||
| Net Profit Margin TTM | -4.24% | -5.14% | -6.86% | -8.20% | -4.36% | -3.59% | -2.34% | -1.64% | -3.27% | -2.73% | -2.05% | -1.86% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 25.37% | 12.55% | -10.69% | -27.08% | -24.94% | -22.20% | -16.30% | -10.16% | -7.92% | -13.09% | -18.02% | -14.01% | |||||
| Net Income Growth (1Y) | 21.94% | 61.21% | 162.15% | 264.29% | 0.22% | 2.06% | -4.64% | -20.85% | 45.00% | 8.36% | 36.04% | -87.70% | |||||
| EPS Growth (1Y) | 19.83% | 30.46% | 156.25% | 147.18% | -39.90% | -25.44% | -42.33% | -30.86% | 43.24% | 7.46% | 34.62% | -87.76% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -1.34 | -0.93 | -0.86 | -0.83 | -2.21 | -1.33 | -1.67 | -2.39 | -1.19 | -2.47 | -4.21 | -4.82 | |||||
| P/B TTM | -0.30 | -0.26 | -0.30 | -0.30 | -0.56 | -0.33 | -0.29 | -0.42 | -0.32 | -0.63 | -0.94 | -0.90 | |||||
| P/S TTM | 0.06 | 0.05 | 0.06 | 0.07 | 0.10 | 0.05 | 0.04 | 0.04 | 0.04 | 0.07 | 0.09 | 0.09 | |||||
| Market Cap | 75.80M | 59.74M | 64.86M | 67.71M | 102.69M | 52.84M | 47.98M | 53.52M | 55.06M | 96.12M | 127.04M | 136.36M | |||||
| Enterprise Value | 552.00M | 632.44M | 600.56M | 511.21M | 592.29M | 165.74M | 184.68M | 22.02M | 49.36M | 44.32M | 232.74M | 328.56M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 205.50M | 141.40M | 74.50M | 24.00M | 2.30M | -9.90M | 12.60M | 64.50M | 57.80M | 8.10M | 9.70M | -47.70M | |||||
| Net Debt | 476.20M | 572.70M | 535.70M | 443.50M | 489.60M | 112.90M | 136.70M | -31.50M | -5.70M | -51.80M | 105.70M | 192.20M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2024-11-19Purchase
Owner: Voigt, Paul
Title: Interim CEO
Shares: 25,000
Price/Share: $3.98
Value: $99,500.00
Shares Owned: 25,000
Relationship: Officer
Ownership: Indirect
2024-09-12Purchase
Owner: Voigt, Paul
Title: Interim CEO
Shares: 43,785
Price/Share: $3.80
Value: $166,383.00
Shares Owned: 211,655
Relationship: Officer
Ownership: Direct
2024-06-14Purchase
Owner: Voigt, Paul
Title: Interim CEO
Shares: 176
Price/Share: $0.60
Value: $105.60
Shares Owned: 1,678,695
Relationship: Officer
Ownership: Direct
2024-06-11Purchase
Owner: Voigt, Paul
Title: Interim CEO
Shares: 8,826
Price/Share: $0.60
Value: $5,295.60
Shares Owned: 1,671,489
Relationship: Officer
Ownership: Direct
2024-03-15Sale
Owner: Sena, Michael J.
Title: CFO and Corporate Secretary
Shares: 21,471
Price/Share: $0.62
Value: $13,312.02
Shares Owned: 1,057,347
Relationship: Officer
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
17.74%
Inst. Shares: 2,367,264
Shares Outstanding: 13,344,976
2025-12-31
18.56%
Inst. Shares: 2,452,794
Shares Outstanding: 13,217,593
2025-09-30
18.77%
Inst. Shares: 2,490,064
Shares Outstanding: 13,264,799
2025-06-30
19.50%
Inst. Shares: 2,563,748
Shares Outstanding: 13,146,750
2025-03-31
19.40%
Inst. Shares: 2,544,886
Shares Outstanding: 13,114,804
INNOVATE Corp. (VATE) — SEC Financial Statements & Analysis
INNOVATE Corp. (VATE) is a fabricated structural metal products company, incorporated in DE. INNOVATE Corp. trades on NYSE as: VATE. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), INNOVATE Corp. reported a 25.37% year-over-year revenue growth, a Gross Profit Margin of 15.54% (TTM), a Debt-to-Equity ratio of -4.56x, a Price-to-Sales (P/S) ratio of 0.06x (TTM), a Price-to-Book (P/B) ratio of -0.3 (TTM), at a market cap of $75.80M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 25.37%
- Gross Profit Margin TTM
- 15.54%
- Debt To Equity
- -4.56x
- P/S TTM
- 0.06x
- P/B TTM
- -0.3
- Market Cap
- $75.80M
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is INNOVATE Corp. in?
INNOVATE Corp. (VATE) operates in the Fabricated Structural Metal Products industry.
What is VATE's market cap?
INNOVATE Corp. (VATE) has a market capitalization of $75.80M as of 2026-03-31.
What exchange does VATE trade on?
INNOVATE Corp. (VATE) trades on the NYSE.
Where is INNOVATE Corp. incorporated?
INNOVATE Corp. is incorporated in DE.