VATE — INNOVATE Corp.

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NYSE · Industrials · Building Products · CIK 1006837 ·

Last close

$7.49

Market Cap

$102.18M

52W High

$21.30

52W Low

$6.41

ADV30

706,592

Next earnings

2026-08-06

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

Period	Revenues	GrossProfit	OpIncome	NetIncome	Assets	Cash	Liabilities
Jun 2026	421,600,000	79,500,000	34,500,000	10,700,000	1,006,700,000	87,800,000	1,236,400,000
Mar 2026	364,800,000	53,500,000	10,000,000	-16,800,000	936,800,000	134,600,000	1,178,500,000
Dec 2025	382,700,000	58,900,000	14,300,000	-7,400,000	950,100,000	112,100,000	1,174,700,000
Sep 2025	347,100,000	49,700,000	6,100,000	-8,900,000	913,200,000	35,500,000	1,130,000,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF

$206,200,000

Investing CF

$-28,300,000

Financing CF

$-77,100,000

CapEx

$-30,900,000

Dividends Paid

$-2,300,000

Buybacks

EPS Diluted TTM

$-4.25

As of

2026-08-09

Balance + Analyst (yfinance extras)

Retained Earnings

$-588,600,000

Inventory

$14,800,000

Receivables

$338,800,000

ST Investments

—

EBIT TTM

$84,800,000

Pretax Income TTM

$-14,700,000

Interest Exp TTM

$99,500,000

Analysts

—

Yahoo Snapshot (yfinance, live)

Total Revenue

$1,516,199,936

EBITDA

$94,400,000

Free Cash Flow

$111,075,000

Enterprise Value

$724,925,056

Total Cash

$87,800,000

Total Debt

$682,300,032

Shares Out

13,641,866

Trailing EPS

$-1.79

Book Value

$-18.79

ROE

—

ROA

4.3%

Div Yield

9.62%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY end	Revenues	OpIncome	NetIncome	Assets	Liabilities	Equity	OCF
Dec 2025	1,246,000,000	28,700,000	-60,600,000	950,100,000	1,174,700,000	—	146,600,000
Dec 2024	1,107,100,000	40,000,000	-34,600,000	891,100,000	1,050,900,000	—	9,100,000
Dec 2023	1,423,000,000	26,500,000	-35,200,000	1,043,600,000	1,196,300,000	—	26,500,000
Dec 2022	1,637,300,000	13,400,000	-35,900,000	1,151,700,000	1,198,900,000	—	-9,500,000

TTM Snapshot

Revenues TTM

$1,435,300,000

NetIncome TTM

$-239,300,000

OpCashFlow TTM

Assets (Latest)

$891,100,000

Forward EPS

—

Peers — same industry

Ticker	Name	Market Cap	Last	Daily %
WRAP	WRAP TECHNOLOGIES, INC.	$89.58M	$1.45	—
NTIC	NORTHERN TECHNOLOGIES INTERNATIONAL CORP	$76.51M	$8.06	—
ZJK	ZJK Industrial Co., Ltd.	$141.07M	$2.55	—
EML	EASTERN CO	$154.17M	$25.62	—
ZKIN	ZK International Group Co., Ltd.	$65.91M	$1.15	—

News headlines (Yahoo Finance, 1h cache)

Innovate Corp (VATE) Q1 2026 Earnings Call Highlights: Revenue Surge and Strategic Advances ...

2026-05-15 05:03 · Yahoo

INNOVATE Corp. to Report First Quarter 2026 Results on May 14th

2026-04-27 20:21 · Yahoo

VATE Q2 Earnings Improve Y/Y as Infrastructure Revenues Surge

2026-08-18 13:53 · Yahoo

MediBeacon® Transdermal GFR System Nominated for 2026 Prix Galien USA Best Medical Technology

2026-08-18 12:00 · Yahoo

Innovate Corp (VATE) (Q2 2026) Earnings Call Highlights: Record Infrastructure Performance and ...

2026-08-07 05:12 · Yahoo

INNOVATE Corp. Announces Second Quarter 2026 Results

2026-08-06 20:05 · Yahoo

INNOVATE Corp. to Report Second Quarter 2026 Results on August 6th

2026-08-03 20:05 · Yahoo

INNOVATE’s Portfolio Company DBM Global to Pay Cash Dividend

2026-07-08 20:12 · Yahoo

DBM Global to Pay Cash Dividend