VATE
Innovate Corp
NYSE: VATE · INDUSTRIALS · ENGINEERING & CONSTRUCTION
$12.00
+4.17% today
Updated 2026-04-30
Market cap
$168.37M
P/E ratio
—
P/S ratio
0.14x
EPS (TTM)
$-4.84
Dividend yield
—
52W range
$3 – $13
Volume
0.0M
Innovate Corp (VATE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $902.18M | $895.86M | $815.55M | $764.95M | $989.26M | $260.55M | $230.69M | $543.20M | $1.12B | $1.56B | $1.63B | $1.98B | $1.08B | $716.90M | $1.21B | $1.64B | $1.42B | $1.11B | $1.25B |
| Revenue growth (YoY) | — | -10.8% | -0.7% | -9.0% | -6.2% | +29.3% | -73.7% | -11.5% | +135.5% | +106.3% | +39.0% | +4.9% | +21.0% | -45.5% | -33.4% | +68.1% | +35.9% | -13.1% | -22.2% | +12.5% |
| Cost of revenue | $663.83M | $554.89M | $569.87M | $533.71M | $488.61M | $695.74M | $125.26M | $220.31M | $471.49M | $984.87M | $1.38B | $1.42B | $1.78B | $830.50M | $588.50M | $1.02B | $1.42B | $1.21B | $898.30M | $1.06B |
| Gross profit | $347.64M | $347.30M | $326.00M | $281.85M | $276.33M | $293.52M | $135.29M | $10.37M | $71.72M | $135.94M | $180.90M | $212.36M | $194.20M | $246.50M | $128.40M | $183.70M | $221.40M | $216.00M | $208.80M | $182.20M |
| Gross margin | 34.4% | 38.5% | 36.4% | 34.6% | 36.1% | 29.7% | 51.9% | 4.5% | 13.2% | 12.1% | 11.6% | 13.0% | 9.8% | 22.9% | 17.9% | 15.2% | 13.5% | 15.2% | 18.9% | 14.6% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | — | — | — | — | $111.96M | $153.07M | $291.57M | $218.40M | $190.10M | $181.10M | $168.30M | $180.10M | $168.00M | $160.20M | $153.10M |
| Operating income | $-212.85M | $31.28M | $38.80M | $31.08M | $12.66M | $12.75M | $-8.66M | $-39.14M | $-14.43M | $2.23M | $-1.42M | $-1.13M | $-55.80M | $25.30M | $-28.30M | $-10.60M | $13.40M | $26.50M | $40.00M | $34.20M |
| Operating margin | -21.0% | 3.5% | 4.3% | 3.8% | 1.7% | 1.3% | -3.3% | -17.0% | -2.7% | 0.2% | -0.1% | -0.1% | -2.8% | 2.3% | -3.9% | -0.9% | 0.8% | 1.9% | 3.6% | 2.7% |
| EBITDA | $-130.80M | $53.49M | $61.61M | $84.06M | $82.00M | $4.74M | $17.01M | $-1.08M | $-1.53M | $23.33M | $26.45M | $51.92M | $309.50M | $42.50M | $54.90M | $31.80M | $62.80M | $63.10M | $72.90M | $64.60M |
| EBITDA margin | -12.9% | 5.9% | 6.9% | 10.3% | 10.7% | 0.5% | 6.5% | -0.5% | -0.3% | 2.1% | 1.7% | 3.2% | 15.7% | 3.9% | 7.7% | 2.6% | 3.8% | 4.4% | 6.6% | 5.2% |
| EBIT | $-178.96M | $22.89M | $28.81M | $32.37M | $13.60M | $-60.40M | $-14.01M | $-25.05M | $-10.50M | $-7.61M | $-2.42M | $15.35M | $258.00M | $34.30M | $28.10M | $-5.80M | $20.60M | $27.10M | $40.00M | $34.20M |
| Interest expense | $54.17M | $61.35M | $53.89M | $31.46M | $35.49M | $32.51M | $27000.00 | $234000.00 | $12.35M | $39.02M | $43.38M | $55.10M | $75.70M | $76.10M | $74.80M | $59.10M | $52.00M | $68.20M | $74.50M | $89.00M |
| Income tax | $4.87M | $-9.23M | $-366000.00 | $6.13M | $-9.09M | $869000.00 | $-4.52M | $-7.44M | $-24.48M | $-10.88M | $51.64M | $10.74M | $2.40M | $-19.60M | $7.00M | $5.60M | $900000.00 | $4.50M | $6.30M | — |
| Effective tax rate | -2.1% | -141.9% | 1.4% | 1.3% | 32.2% | -2.3% | 9.2% | 29.7% | 66.9% | 21.5% | -96.0% | -27.6% | 1.7% | 38.4% | -8.2% | -2.5% | -2.6% | -14.7% | -22.3% | 0.0% |
| Net income | $-237.96M | $15.74M | $-25.03M | $477.89M | $-19.09M | $-38.73M | $-44.85M | $-17.61M | $-12.11M | $-39.83M | $-105.40M | $-49.70M | $139.00M | $-31.50M | $-92.00M | $-227.50M | $-35.90M | $-35.20M | $-34.60M | $-60.60M |
| Net income growth (YoY) | — | +106.6% | -259.1% | +2009.2% | -104.0% | -102.9% | -15.8% | +60.7% | +31.3% | -229.0% | -164.6% | +52.8% | +379.7% | -122.7% | -192.1% | -147.3% | +84.2% | +1.9% | +1.7% | -75.1% |
| Profit margin | -23.5% | 1.7% | -2.8% | 58.6% | -2.5% | -3.9% | -17.2% | -7.6% | -2.2% | -3.6% | -6.8% | -3.0% | 7.0% | -2.9% | -12.8% | -18.9% | -2.2% | -2.5% | -3.1% | -4.9% |