VATE
INNOVATE Corp.
Next earnings Aug 3, 2026
Last earnings -0.7% on 2026-05-14
$19.31
▲ +4.04%$19.31▲ +305.46%
over 1Y
L $3.62EODHDH $20.06
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.0%
1W+6.1%
1M+22.7%
3M+362.9%
YTD+308.6%
1Y+305.5%
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy
Revenue grew 12.5% YoY; but unprofitable (net margin -4.9%).
Revenue (FY2025) $1.25B · FY2025
INNOVATE Corp. shows $1.25B in FY2025 revenue (+12.5% YoY), a -4.9% net margin.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.21B | $1.64B | $1.42B | $1.11B | $1.25B |
| Gross profit | $184M | $221M | $216M | $209M | $200M |
| Operating income | -$10.6M | $13.4M | $26.5M | $40.0M | $28.7M |
| Net income | -$228M | -$35.9M | -$35.2M | -$34.6M | -$60.6M |
| Diluted EPS | -$2.98 | -$0.53 | -$4.81 | -$3.08 | -$4.84 |
| Net margin | -18.9% | -2.2% | -2.5% | -3.1% | -4.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.16B
EV / EBITDA19.6
EV / Sales0.9
EV / FCF7.9
P / FCF1.8
PEG (trailing)—
Earnings yield-23.0%
FCF yield55.4%
Quality & risk
ROIC (est.)—
Free cash flow$146M
Total debt$1.01B
Net cash-$898M
Altman Z-Score-0.05 distress
Piotroski F-Score3/9
Capital returns
Buyback yield0.1%
Dividend yield (est.)0.8%
Shareholder yield1.0%
Shares Δ YoY+2.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-112026-06-11open ↗8-KPeriod ending 2026-05-292026-06-01open ↗10-QPeriod ending 2026-03-312026-05-14open ↗8-KPeriod ending 2026-05-142026-05-14open ↗DEFA14AFiling2026-04-28open ↗DEF 14APeriod ending 2025-12-312026-04-28open ↗8-KPeriod ending 2026-04-062026-04-06open ↗8-KPeriod ending 2026-03-312026-03-31open ↗10-KPeriod ending 2025-12-312026-03-26open ↗8-KPeriod ending 2026-03-262026-03-26open ↗4Period ending 2026-03-132026-03-16open ↗8-KPeriod ending 2026-02-102026-02-10open ↗
Frequently asked
- Is INNOVATE Corp. (VATE) a buy?
- VATE currently carries a Avoid rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 12.5% YoY; but unprofitable (net margin -4.9%).
- What is INNOVATE Corp.'s quality score?
- VATE scores 47.588235294117645/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001006837, latest 10-Q filed 2026-05-14) · EODHD · as of 6/26/2026, 7:56:14 PM.
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