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INNOVATE Corp.

$19.10 +0.63% NYSE: VATE · 15-min delayed
  • NEW YORK, New York
  • Public · NYSE: VATE
  • 3,738 employees
  • Founded 1994
$258.9MMarket cap
$1.2BRevenue · FY2025
-$60.6MNet income
3,738Employees
VATENYSE
2009IPO

About INNOVATE Corp.

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure, Life Sciences and Spectrum, and Other segment. Through its subsidiaries it provides fully integrated structural and steel construction services; supports healthcare and biotechnology product development; and operates Over-The-Air (OTA) broadcasting stations across the United States (U.S.) including Puerto Rico.

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Reported figures

Financial summary

Revenue FY2025
$1.2B
Net income
-$60.6M
Total assets
$950.1M
Market cap
$258.9M
Gross margin
16.0%
Operating margin
2.3%
Net margin
-5.1%

Source: SEC EDGAR · updated Jun 7, 2026

Multi-year

Revenue & profit trend

Revenue Net income
FY 2025

Financial statements

Income statement

Revenue
$1.2B
Cost of revenue
$1.0B
Gross profit
$199.7M
Operating expenses
$171.0M
Operating income
$28.7M
Income tax
$2.5M
Net income
-$64.0M
EPS (basic)
$-4.84
EPS (diluted)
$-4.84

Balance sheet

Total assets
$950.1M
Current assets
$451.5M
Total liabilities
$1.2B
Current liabilities
$1.0B
Shareholders’ equity
-$226.2M

Cash flow

Operating cash flow
$146.6M
Investing cash flow
-$22.6M
Financing cash flow
-$61.2M
Net cash flow
$63.4M

Statements via Polygon.io (SEC filings)

NYSE: VATE
$19.10 +0.63%

15-minute delayed · data by Polygon.io

Past year

$3.98 $19.10

52-week range

Market cap
$258.9M
EPS (diluted)
$-4.84
Shares outstanding
13.6M
Open
Day range
Prev close
Volume
IPO date
Jul 13, 2009

Market data by Polygon.io · prices are 15-minute delayed

Auto-generated

At a glance

  • Reported a net loss of $60.6M in FY2025.
  • Revenue grew 3% from FY2021 to FY2025.
  • Gross margin of 16.0%, net margin -5.1%.
  • Trading near its 52-week high.

Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.

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