INNOVATE Corp. (VATE)
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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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
Revenue & profit trend
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)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $258.9M
- EPS (diluted)
- $-4.84
- Shares outstanding
- 31.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jul 13, 2009
INNOVATE Corp. (VATE) Stock Price
- 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 58% below 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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INNOVATE Corp.: frequently asked questions
Is INNOVATE Corp. an American company?
INNOVATE Corp. is a US-based company headquartered in New York, New York, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Where is INNOVATE Corp. headquartered?
INNOVATE Corp. is headquartered in New York, New York, United States.
Is INNOVATE Corp. publicly traded?
Yes — INNOVATE Corp. is a publicly traded company. Its stock trades under the ticker symbol VATE on the NYSE.
What does INNOVATE Corp. do?
INNOVATE Corp. is an American Tools & Hardware company in the Manufacturing & Industrial sector.
When was INNOVATE Corp. founded?
INNOVATE Corp. was founded in 1994.
