VATE
INNOVATE Corp.Company Information
- Company Name
- INNOVATE Corp.
- CIK
- CIK0001006837
- Category
- Non-accelerated filer<br>Smaller reporting company
- Ticker: Exchange
- VATE: NYSE
- Fiscal Year End
- December 31
- Owner Organization
- 04 Manufacturing
- SIC
- 3440
- SIC Description
- Fabricated Structural Metal Products
- Ticker
- VATE
SEC filing data through
Insider Sentiment
- Last purchase
- 2024-11-19
- Last sale
- 2024-03-15
- Shares purchased (TTM)
- 77,787
- Shares sold (TTM)
- 21,471
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 3,114,963
- Shares outstanding
- 13,374,803
- Ownership
- 23.29%
Earnings Market Reaction
- Filing date
- 2026-08-06
- Price on filing date
- —
- 1-month reaction
- 2.43%
- 3-month reaction
- …
Balance Sheet
Values in millions ($)| Line item | 2026-06-30 | 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 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A3 And A4 Preferred Stock | - | - | - | - | - | - | - | - | - | - | 0 | 0 | ||||||
| Series A3 A4 And C Preferred Stock | - | - | - | - | - | - | - | - | 0 | 0 | - | - | ||||||
Assets Current | ||||||||||||||||||
| Cash And Cash Equivalents At Carrying Value | 88 | 135 | 112 | 36 | 28 | 33 | 49 | 51 | 80 | 38 | 81 | 56 | ||||||
| Accounts Receivable Net Current | 284 | 186 | 241 | 266 | 243 | 165 | 194 | 191 | 178 | 269 | 278 | 291 | ||||||
| Contract With Customer Asset Net | - | - | - | - | - | - | - | - | - | - | - | 171 | ||||||
| Contract With Customer Asset Net Current | 53 | 55 | 64 | 81 | 83 | 135 | 106 | 114 | 101 | 82 | 119 | - | ||||||
| Inventory Net | 15 | 15 | 16 | 18 | 21 | 20 | 21 | 21 | 21 | 22 | 22 | 19 | ||||||
| Restricted Cash Current | - | - | - | - | - | - | - | - | - | - | - | 0 | ||||||
| Assets Of Disposal Group Including Discontinued Operation Current | 6 | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Other Assets Current | 34 | 15 | 18 | 21 | 19 | 19 | 21 | 16 | 14 | 13 | 18 | 16 | ||||||
| Assets Current | 479 | 406 | 452 | 421 | 398 | 372 | 391 | 400 | 395 | 429 | 518 | 553 | ||||||
| Investments | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 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 Right Of Use Asset After Accumulated Depreciation And Amortization | 136 | 148 | 142 | 134 | 132 | 133 | 134 | 133 | 144 | 147 | 155 | 160 | ||||||
| Goodwill | 106 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 | ||||||
| Intangible Assets Net Excluding Goodwill | 44 | 164 | 165 | 167 | 169 | 170 | 172 | 173 | 175 | 177 | 179 | 181 | ||||||
| Assets Of Disposal Group Including Discontinued Operation | 170 | - | - | - | - | - | - | 7 | 0 | 4 | 3 | - | ||||||
| Other Assets Noncurrent | 68 | 88 | 61 | 61 | 59 | 61 | 62 | 60 | 55 | 60 | 61 | 67 | ||||||
| Assets | 1,007 | 937 | 950 | 913 | 891 | 868 | 891 | 897 | 899 | 944 | 1,044 | 1,096 | ||||||
Liabilities Current | ||||||||||||||||||
| Accounts Payable And Other Accrued Liabilities | 137 | 130 | 141 | 100 | 80 | 105 | 85 | 84 | 90 | 123 | 143 | 149 | ||||||
| Accrued Liabilities Current | 78 | 104 | 123 | 110 | 125 | 107 | 110 | 93 | 60 | 51 | 71 | 66 | ||||||
| Long Term Debt Current | 554 | 611 | 581 | 572 | 478 | 524 | 162 | 189 | 50 | 34 | 31 | 163 | ||||||
| Contract With Customer Liability Current | 183 | 157 | 172 | 176 | 173 | 95 | 109 | 86 | 73 | 125 | 154 | 162 | ||||||
| Liabilities Of Disposal Group Including Discontinued Operation Current | 119 | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Other Liabilities Current | 13 | 18 | 17 | 17 | 17 | 17 | 17 | 16 | 16 | 16 | 16 | 17 | ||||||
| Liabilities Current | 1,083 | 1,020 | 1,034 | 974 | 873 | 848 | 483 | 468 | 289 | 349 | 414 | 558 | ||||||
| Deferred Income Tax Liabilities Net | 2 | 5 | 5 | 4 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | ||||||
| Debt And Capital Lease Obligations | 62 | 69 | 80 | 97 | 160 | 140 | 501 | 502 | 638 | 642 | 679 | 587 | ||||||
| Liabilities Of Disposal Group Including Discontinued Operation | 22 | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Other Liabilities Noncurrent | 57 | 76 | 46 | 45 | 43 | 45 | 47 | 48 | 77 | 83 | 83 | 75 | ||||||
| Liabilities | 1,227 | 1,169 | 1,165 | 1,121 | 1,080 | 1,037 | 1,035 | 1,023 | 1,009 | 1,078 | 1,180 | 1,223 | ||||||
Temporary Equity | ||||||||||||||||||
| Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests | 9 | 11 | 11 | 8 | 17 | 15 | 16 | 16 | 16 | 39 | 15 | 8 | ||||||
Stockholders Equity Including Portion Attributable To Noncontrolling Interest | ||||||||||||||||||
| Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Additional Paid In Capital Common Stock | 353 | 350 | 350 | 350 | 349 | 351 | 350 | 348 | 348 | 328 | 328 | 328 | ||||||
| Treasury Stock Common Value | -6 | -6 | -6 | -6 | -6 | -6 | -5 | -5 | -5 | -5 | -5 | -5 | ||||||
| Retained Earnings Accumulated Deficit | -589 | -599 | -583 | -575 | -566 | -546 | -522 | -505 | -490 | -505 | -487 | -478 | ||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -2 | -2 | -2 | -2 | -2 | -3 | -3 | -1 | -2 | -2 | -1 | -2 | ||||||
| Stockholders Equity | -229 | -243 | -226 | -216 | -225 | -184 | -180 | -141 | -149 | -184 | -166 | -135 | ||||||
| Minority Interest | 15 | 13 | 14 | 17 | 18 | 20 | 21 | 22 | 23 | 11 | 14 | 23 | ||||||
| Liabilities And Stockholders Equity | 1,007 | 937 | 950 | 913 | 891 | 868 | 891 | 897 | 899 | 944 | 1,044 | 1,096 | ||||||
| Series A3 A4 Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 0 | - | ||||||
| Series A3 Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | ||||||
| Series A Three Preferred Stock | - | - | - | - | - | - | - | - | - | - | 0 | 0 | ||||||
| Series A4 Preferred Stock | 0 | 0 | 0 | -9 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | - | ||||||
| Series A Four Preferred Stock | - | - | - | - | - | - | - | - | - | - | 0 | 0 | ||||||
| Series C Preferred Stock | - | - | - | - | - | - | - | - | - | 0 | - | - | ||||||
| Preferred Stock Par Or Stated Value Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | ||||||
| Preferred Stock Shares Authorized | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | - | ||||||
| Common Stock Par Or Stated Value Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Common Stock Shares Authorized | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 160 | 160 | 160 | ||||||
| Common Stock Shares Issued | 14 | 14 | 14 | 14 | 13 | 13 | 13 | 13 | 13 | 8 | 8 | 8 | ||||||
| Shares Outstanding | 14 | 14 | 14 | 14 | 13 | 13 | 13 | 13 | 13 | 8 | 8 | 8 | ||||||
| Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | ||||||
Select a line item above to chart it.
Recent filings
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
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Start 7-day free trialINNOVATE 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. INNOVATE Corp. (VATE)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-06. Based on that filing, INNOVATE Corp. carries a market cap of $249.71M, a P/E ratio of -10.19x, a P/B ratio of -1.09x, a P/S ratio of 0.16x, an enterprise value of $715.81M, and an EV/EBITDA multiple of 7.58x. On profitability, it posts a gross margin of 15.93%, an operating margin of 4.28%, a net margin of -1.62%, a Return on Equity (ROE) of 10.81%, a Return on Assets (ROA) of -2.58%, and a Return on Invested Capital (ROIC) of 25.63%. Per share, it reports EPS of $-1.83, diluted EPS of $-1.75, free cash flow per share of $10.52, and a dividend per share of $0.13. Over the trailing year, it posted revenue growth of 52.38% year-over-year, net income growth of -69.57% year-over-year, and EPS growth of -70.08% year-over-year. On the balance sheet, it maintains a current ratio of 0.44x, a quick ratio of 0.43x, working capital of $-604.10M, a debt-to-equity ratio of -5.37x, a debt ratio of 1.22, an interest coverage ratio of 0.65x, free cash flow of $140.70M (TTM), and net debt of $466.10M. Figures sourced from SEC EDGAR.
- Market Cap
- $249.71M
- P/E TTM
- -10.19x
- EPS TTM
- $-1.83
- P/B TTM
- -1.09x
- ROE TTM
- 10.81%
- ROA TTM
- -2.58%
- Debt To Equity
- -5.37x
- Free Cash Flow TTM
- $140.70M
- Net Revenue TTM Growth 1Y
- 52.38%
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is INNOVATE Corp. in?
INNOVATE Corp. (VATE) operates in the Fabricated Structural Metal Products industry.
What exchange does VATE trade on?
INNOVATE Corp. (VATE) trades on the NYSE.
Where is INNOVATE Corp. incorporated?
INNOVATE Corp. is incorporated in DE.
When was INNOVATE Corp. (VATE)'s most recent SEC filing?
INNOVATE Corp. (VATE)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-06.
What is VATE's market cap?
INNOVATE Corp. (VATE) has a market capitalization of $249.71M as of 2026-06-30.
What is VATE's EPS (earnings per share)?
INNOVATE Corp. (VATE)'s trailing twelve month EPS is $-1.83 as of 2026-06-30.
What is VATE's ROE (return on equity)?
INNOVATE Corp. (VATE)'s trailing twelve month Return on Equity (ROE) is 10.81% as of 2026-06-30.
What is VATE's ROA (return on assets)?
INNOVATE Corp. (VATE)'s trailing twelve month Return on Assets (ROA) is -2.58% as of 2026-06-30.
What is VATE's ROIC (return on invested capital)?
INNOVATE Corp. (VATE)'s trailing twelve month Return on Invested Capital (ROIC) is 25.63% as of 2026-06-30.
What is VATE's EV/EBITDA?
INNOVATE Corp. (VATE)'s trailing twelve month EV/EBITDA is 7.58x as of 2026-06-30.