VATE
INNOVATE Corp.
NYSEUSDEQUITY
DELAYED
Last price
7.40
▼ 0.61 (7.57%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
7.80
Prev close
8.01
Day high
8.18
Day low
7.75
Volume
116.66K
Market cap
—
P/E (TTM)
—
52W range
3.75 – 21.30
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-1.26%
+0.1%
1M
-6.87%
-10.6%
3M
-40.09%
-43.2%
6M
+55.03%
+44.0%
YTD
+73.89%
+61.6%
1Y
+66.17%
+46.2%
3Y
-52.65%
-126.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.25B | $1.11B | $1.42B | $1.64B | +12.5% |
| Operating revenue | $1.25B | $1.11B | $1.42B | $1.64B | +12.5% |
| Cost of revenue | $1.05B | $898.30M | $1.21B | $1.42B | +16.5% |
| Gross profit | $199.70M | $208.80M | $216.00M | $221.40M | -4.4% |
| Selling, general & admin | $153.10M | $160.20M | $168.00M | $180.10M | -4.4% |
| Total operating expense | $171.00M | $168.80M | $189.50M | $208.00M | +1.3% |
| Operating income | $28.70M | $40.00M | $26.50M | $13.40M | -28.2% |
| Net interest income | -$88.30M | -$71.90M | -$66.90M | -$52.00M | -22.8% |
| Pre-tax income | -$61.50M | -$33.40M | -$34.40M | -$41.10M | -84.1% |
| Tax provision | $2.50M | $6.30M | $4.50M | $900.00K | -60.3% |
| Net income | -$60.60M | -$34.60M | -$35.20M | -$35.90M | -75.1% |
| Net income to common | -$64.00M | -$35.80M | -$37.60M | -$40.80M | -78.8% |
| Basic EPS | -4.84 | -3.08 | -4.81 | -5.26 | -57.1% |
| Diluted EPS | -4.84 | -3.08 | -4.81 | -5.26 | -57.1% |
| EBIT | $27.50M | $41.10M | $33.80M | $10.90M | -33.1% |
| EBITDA | $57.90M | $74.00M | $69.80M | $53.10M | -21.8% |
| Basic shares | 13.22M | 10.70M | 7.81M | 7.81M | +23.6% |
| Diluted shares | 13.22M | 10.70M | 7.81M | 7.81M | +23.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $112.10M | $48.80M | $80.80M | $80.40M | +129.7% |
| Cash & short-term investments | $112.10M | $48.80M | $80.80M | $80.40M | +129.7% |
| Accounts receivable | $3.60M | $3.30M | $1.90M | $5.90M | +9.1% |
| Inventory | $16.00M | $20.80M | $22.40M | $18.90M | -23.1% |
| Total current assets | $452.10M | $391.40M | $518.50M | $537.90M | +15.5% |
| Property, plant & equipment | $194.70M | $187.30M | $212.60M | $230.80M | +4.0% |
| Goodwill & intangibles | $292.20M | $299.10M | $306.00M | $317.20M | -2.3% |
| Total assets | $950.10M | $891.10M | $1.04B | $1.15B | +6.6% |
| Total current liabilities | $1.03B | $483.00M | $413.80M | $417.20M | +114.0% |
| Current debt | $581.40M | $162.20M | $30.50M | $30.60M | +258.4% |
| Long-term debt | $80.30M | $500.60M | $679.30M | $683.80M | -84.0% |
| Total debt | $717.50M | $719.20M | $771.90M | $785.30M | -0.2% |
| Total liabilities | $1.17B | $1.05B | $1.20B | $1.20B | +11.8% |
| Retained earnings | -$582.50M | -$521.90M | -$487.30M | -$452.10M | -11.6% |
| Shareholder equity | -$240.10M | -$180.40M | -$165.50M | -$121.30M | -33.1% |
| Working capital | -$581.70M | -$91.60M | $104.70M | $120.70M | -535.0% |
| Net tangible assets | -$532.30M | -$479.50M | -$471.50M | -$438.50M | -11.0% |
| Shares issued | 13.82M | 13.41M | 8.13M | 8.08M | +3.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$64.00M | -$39.70M | -$38.90M | -$42.00M | — | -61.2% |
| Depreciation & amortisation | $30.40M | $32.90M | $36.00M | $42.20M | — | -7.6% |
| Stock-based compensation | $2.70M | $3.40M | $2.20M | $2.40M | — | -20.6% |
| Change in working capital | $151.20M | $12.10M | $28.10M | -$20.00M | — | +1,149.6% |
| Operating cash flow | $146.60M | $9.10M | $26.50M | -$9.50M | — | +1,511.0% |
| Capital expenditure | -$26.10M | -$19.00M | -$18.40M | -$20.70M | — | -37.4% |
| Investing cash flow | -$22.60M | -$13.90M | $39.10M | -$22.50M | — | -62.6% |
| Share buybacks | — | $0 | -$7.00M | $0 | -$10.40M | — |
| Dividends paid | -$2.20M | -$1.20M | -$2.20M | -$5.20M | — | -83.3% |
| Financing cash flow | -$61.20M | -$26.50M | -$65.30M | $68.10M | — | -130.9% |
| End cash position | $112.70M | $49.30M | $82.30M | $82.20M | — | +128.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $421.60M | $364.80M | $382.70M | $347.10M | $242.00M | +15.6% |
| Operating revenue | $421.60M | $364.80M | $382.70M | $347.10M | $242.00M | +15.6% |
| Cost of revenue | $342.10M | $311.30M | $323.80M | $297.40M | $196.40M | +9.9% |
| Gross profit | $79.50M | $53.50M | $58.90M | $49.70M | $45.60M | +48.6% |
| Selling, general & admin | $41.50M | $39.40M | $40.60M | $39.60M | $35.10M | +5.3% |
| Total operating expense | $45.00M | $43.50M | $44.60M | $43.60M | $40.70M | +3.4% |
| Operating income | $34.50M | $10.00M | $14.30M | $6.10M | $4.90M | +245.0% |
| Net interest income | -$27.10M | -$24.50M | -$23.30M | -$23.40M | -$21.30M | -10.6% |
| Pre-tax income | $25.50M | -$14.20M | -$9.30M | -$16.70M | -$16.80M | +279.6% |
| Tax provision | $13.10M | $2.90M | -$1.70M | -$7.10M | $4.20M | +351.7% |
| Net income | $10.70M | -$16.80M | -$7.40M | -$8.90M | -$19.80M | +163.7% |
| Net income to common | $10.40M | -$17.20M | -$7.80M | -$9.40M | -$22.00M | +160.5% |
| Basic EPS | 0.74 | -1.29 | -0.58 | -0.71 | -1.67 | +157.4% |
| Diluted EPS | 0.71 | -1.29 | -0.58 | -0.71 | -1.67 | +155.0% |
| EBIT | $53.10M | $10.30M | $14.70M | $6.70M | $4.60M | +415.5% |
| EBITDA | $60.10M | $17.70M | $22.30M | $14.20M | $12.00M | +239.5% |
| Basic shares | 13.37M | 13.34M | 13.34M | 13.26M | 13.15M | +0.2% |
| Diluted shares | 13.97M | 13.34M | 13.34M | 13.26M | 13.15M | +4.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $87.80M | $134.60M | $112.10M | $35.50M | $33.40M | -34.8% |
| Cash & short-term investments | $87.80M | $134.60M | $112.10M | $35.50M | $33.40M | -34.8% |
| Accounts receivable | $1.00M | $2.70M | $3.60M | $4.10M | $3.60M | -63.0% |
| Inventory | $14.80M | $15.40M | $16.00M | $18.10M | $20.70M | -3.9% |
| Total current assets | $479.90M | $406.50M | $452.10M | $421.20M | $399.00M | +18.1% |
| Property, plant & equipment | $200.30M | $232.10M | $194.70M | $186.40M | $182.10M | -13.7% |
| Goodwill & intangibles | $149.70M | $290.80M | $292.20M | $293.90M | $295.50M | -48.5% |
| Total assets | $1.01B | $936.80M | $950.10M | $913.20M | $890.90M | +7.5% |
| Total current liabilities | $1.08B | $1.02B | $1.03B | $974.30M | $873.10M | +6.2% |
| Current debt | $553.90M | $610.80M | $581.40M | $571.80M | $477.50M | -9.3% |
| Long-term debt | $62.10M | $68.80M | $80.30M | $97.30M | $160.10M | -9.7% |
| Total debt | $682.30M | $765.50M | $717.50M | $723.70M | $689.90M | -10.9% |
| Total liabilities | $1.24B | $1.18B | $1.17B | $1.13B | $1.10B | +4.9% |
| Retained earnings | -$588.60M | -$599.30M | -$582.50M | -$575.10M | -$566.20M | +1.8% |
| Shareholder equity | -$243.20M | -$256.30M | -$240.10M | -$233.30M | -$224.80M | +5.1% |
| Working capital | -$603.50M | -$613.30M | -$581.70M | -$553.10M | -$474.10M | +1.6% |
| Net tangible assets | -$392.90M | -$547.10M | -$532.30M | -$527.20M | -$520.30M | +28.2% |
| Shares issued | 13.64M | 13.82M | 13.82M | 13.82M | 13.50M | -1.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $12.40M | -$17.10M | -$7.60M | -$9.60M | -$21.00M | — | +172.5% |
| Depreciation & amortisation | $7.00M | $7.40M | $7.60M | $7.50M | $7.40M | — | -5.4% |
| Stock-based compensation | $400.00K | $600.00K | $500.00K | $700.00K | $700.00K | — | -33.3% |
| Change in working capital | -$36.40M | $48.50M | $94.40M | $15.40M | $45.70M | — | -175.1% |
| Operating cash flow | -$24.60M | $45.50M | $101.10M | $19.20M | $40.40M | — | -154.1% |
| Capital expenditure | -$10.40M | -$9.50M | -$7.50M | -$7.80M | -$6.10M | — | -9.5% |
| Investing cash flow | -$11.00M | -$9.60M | -$7.50M | -$4.90M | -$6.30M | — | -14.6% |
| Share buybacks | — | — | — | — | — | $0 | — |
| Dividends paid | -$300.00K | -$400.00K | -$700.00K | -$400.00K | -$800.00K | — | +25.0% |
| Financing cash flow | -$9.10M | -$13.50M | -$17.10M | -$11.90M | -$34.60M | — | +32.6% |
| Free cash flow | -$35.00M | $36.00M | $93.60M | $11.40M | $34.30M | — | -197.2% |
| End cash position | $88.40M | $135.20M | $112.70M | $36.10M | $28.40M | — | -34.6% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
7.66
-3.39% from price
SMA 20
7.96
-1.20% from price
SMA 50
11.53
-31.82% from price
SMA 100
11.87
-37.64% from price
SMA 200
8.46
-7.13% from price
EMA 12
7.94
-6.73% from price
EMA 26
8.74
-15.29% from price
EMA 50
10.01
-26.04% from price
RSI (14)
44.5
Neutral
MACD (12,26,9)
-0.80
Hist 0.23
ATR (14)
1.43
18.17% of price
Realised vol 30D
218.8%
Annualised
Bollinger upper
9.96
20, 2σ
Bollinger lower
5.95
20, 2σ
50 / 200 cross
Golden
11.53 vs 8.46
Trend bias
Below 200
-7.13%
Risk profile
Beta vs SPY
0.53
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
218.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-64.5%
Peak to trough
Max drawdown 5Y
-93.0%
Peak to trough
ATR 14
1.43
18.17% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
VATE Q2 Earnings Improve Y/Y as Infrastructure Revenues Surge
Zacks · 4d ago
MediBeacon® Transdermal GFR System Nominated for 2026 Prix Galien USA Best Medical Technology
GlobeNewswire · 5d ago
Top Midday Decliners
MT Newswires · 12d ago
IES to Acquire DBM Global From Innovate for $650 Million
MT Newswires · 12d ago
INNOVATE Q2 Earnings Call Highlights
MarketBeat · 13d ago
Top Premarket Gainers
MT Newswires · 16d ago
Innovate Corp (VATE) (Q2 2026) Earnings Call Highlights: Record Infrastructure Performance and ...
GuruFocus.com · 16d ago
INNOVATE Corp. Announces Second Quarter 2026 Results
GlobeNewswire · 16d ago
PRIVATE STRATEGY · BY QUALIFICATION
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