INNOVATE Corp.
VATENYSE
$9.03
↓ -3.4%Jul 17 close · end-of-day
Price
1Y↑ +71.7%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$120.5M
Enterprise Value
$665.5M
P/E
—
P/S
0.1
P/B
—
EV/EBITDA
10.2
PEG
—
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$1.3B
Net Income (TTM)
-$52.9M
Free Cash Flow (TTM)
—
Gross Margin
15.5%
Operating Margin
2.6%
Net Margin
-4.0%
ROE
20.6%
ROIC
9.7%
Debt / Equity
-2.7
Net Cash
-$545.0M
Return 1Y
+62.4%
Company profile
INNOVATE Corp. operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in commercial, industrial, and infrastructure construction projects. The company also develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin.
- CEO
- Wayne Barr
- Sector
- Construction
- Industry
- Construction Materials
- Employees
- 3,900
- Headquarters
- New York
- Website
- innovatecorp.com
Management & directors
- Sena Michael J.Chief Financial Officer
- Voigt PaulInterim CEO
Roles derived from SEC Form 4 filings.
Earnings
VATE Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$364.8M↑ +33.0%
Diluted EPS-$1.29↓ -31.7%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $716.9M | $1.2B | $1.6B | $1.4B | $1.1B | $1.2B |
| Gross profit | $128.4M | $183.7M | $221.4M | $216.0M | $208.8M | $199.7M |
| Operating income | -$28.3M | -$10.6M | $13.4M | $26.5M | $40.0M | $28.7M |
| Net income | -$92.0M | -$227.5M | -$35.9M | -$35.2M | -$34.6M | -$60.6M |
| Diluted EPS | -$1.88 | -$2.98 | -$0.53 | -$4.81 | -$3.08 | -$4.84 |
| Operating cash flow | $41.1M | $27.0M | -$9.5M | $26.5M | $9.1M | $146.6M |
| Free cash flow | $23.3M | $2.9M | -$30.2M | $8.1M | -$9.9M | — |
| Gross margin | 17.9% | 15.2% | 13.5% | 15.2% | 18.9% | 16.0% |
| Operating margin | -3.9% | -0.9% | 0.8% | 1.9% | 3.6% | 2.3% |
| Net margin | -12.8% | -18.9% | -2.2% | -2.5% | -3.1% | -4.9% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $313.1M | $242.2M | $236.6M | $274.2M | $242.0M | $347.1M | $382.7M | $364.8M |
| Gross profit | $65.6M | $48.2M | $46.4M | $45.5M | $45.6M | $49.7M | $58.9M | $53.5M |
| Operating income | $28.8M | $5.9M | $2.5M | $3.4M | $4.9M | $6.1M | $14.3M | $10.0M |
| Net income | $14.4M | -$15.0M | -$16.6M | -$24.5M | -$19.8M | -$8.9M | -$7.4M | -$16.8M |
| Diluted EPS | $1.03 | -$1.18 | -$0.72 | -$1.89 | -$1.67 | -$0.71 | -$0.57 | -$1.29 |
| Operating cash flow | $21.5M | -$28.4M | $41.4M | -$14.1M | $40.4M | $19.2M | $101.1M | $45.5M |
| Free cash flow | $18.4M | -$31.5M | $34.2M | -$18.8M | — | — | — | — |
| Gross margin | 21.0% | 19.9% | 19.6% | 16.6% | 18.8% | 14.3% | 15.4% | 14.7% |
| Operating margin | 9.2% | 2.4% | 1.1% | 1.2% | 2.0% | 1.8% | 3.7% | 2.7% |
| Net margin | 4.6% | -6.2% | -7.0% | -8.9% | -8.2% | -2.6% | -1.9% | -4.6% |
Company news
Jul 8, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-03-15 | Sena Michael J.· Chief Financial Officer | Tax withholding | 1,207 | $4.22 | $5,093.54 | filing |
| 2026-03-14 | Sena Michael J.· Chief Financial Officer | Tax withholding | 4,920 | $4.22 | $20,762.40 | filing |
| 2026-03-13 | Sena Michael J.· Chief Financial Officer | Tax withholding | 1,784 | $4.35 | $7,760.40 | filing |
| 2025-08-06 | Voigt Paul· Interim CEO | Award | 176,056 | $5.68 | $999,998.08 | filing |
Latest 4 transactions.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.