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Stocks Industrials VATE

NYSE · Industrials

INNOVATE Corp. (VATE)

INNOVATE Corp. brought in $1.5B of revenue over the twelve months to June 30, 2026, up 52.4% from a year earlier. It posted a net loss of $22.4M. Operating cash flow minus capital spending left $146.1M of free cash flow in fiscal 2025. At June 30, 2026 it held $87.8M in cash against $62.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

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Price
$5.11
-5.72% on the day · November 10, 2026
52-week range $3.75 to $21.30
Market cap
$69.7M
Revenue (last 12 months)
$1.5B
+52.4% year on year
Net margin
-1.5%

Key facts about INNOVATE Corp.

Net worth
INNOVATE Corp. has a market value (market cap) of $69.7M at the latest share price, and shareholders' equity of -$243.2M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $1.2B (+12.5% year on year), with a net loss of $60.6M. Over the 12 months to June 30, 2026: revenue $1.5B, net loss $22.4M.
Cash flow
In fiscal 2025 operations brought in $146.6M of cash; after $500K of capital spending, free cash flow was $146.1M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
INNOVATE Corp.'s next report is expected around November 11, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What INNOVATE Corp. does

INNOVATE Corp. is registered with the SEC under industry code SIC 3440 (Fabricated Structural Metal Products). Its shares trade on NYSE under the ticker VATE.

Revenue and profit by year

Revenue
FY18: $2B $2B FY18FY19: $1.1B $1.1B FY19FY20: $716.9M $716.9M FY20FY21: $1.2B $1.2B FY21FY22: $1.6B $1.6B FY22FY23: $1.4B $1.4B FY23FY24: $1.1B $1.1B FY24FY25: $1.2B $1.2B FY25
Net income
FY18: $162M $162M FY18FY19: -$31.5M -$31.5M FY19FY20: -$92M -$92M FY20FY21: -$227.5M -$227.5M FY21FY22: -$35.9M -$35.9M FY22FY23: -$35.2M -$35.2M FY23FY24: -$34.6M -$34.6M FY24FY25: -$60.6M -$60.6M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$1.2B$28.7M-$60.6M-$4.84$146.1M
2024$1.1B$40M-$34.6M-$3.08-$9.9M
2023$1.4B$26.5M-$35.2M-$4.81$8.1M
2022$1.6B$13.4M-$35.9M-$5.31-$30.2M
2021$1.2B-$10.6M-$227.5M-$29.86$2.9M
2020$716.9M-$28.3M-$92M-$18.84$23.3M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 11, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 12, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where VATE ranks in Industrials

Revenue$1.2B
#266 of 603 in Industrials · Top 44%
Revenue growth+12.5%
#145 of 520 in Industrials · Top 28%
Net margin-4.9%
#386 of 523 in Industrials · Bottom 26%
Free cash flow margin11.7%
#119 of 489 in Industrials · Top 24%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Industrials

Dividends

It paid out $2.2M in cash dividends.

Fiscal yearPer sharePaid outOf profit
2025n/a$2.2Mn/a
2024n/a$1.2Mn/a
2023n/a$2.2Mn/a
2022n/a$5.2Mn/a
2021n/a$2.9Mn/a
2018n/a$500K0%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What INNOVATE Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 5, 2026
    Acquisition or sale completed8-KINNOVATE Corp. completed the sale of DBM Global to IES Holdings for cash and stock.
  2. September 3, 2026
  3. September 2, 2026
  4. August 24, 2026
  5. August 19, 2026
  6. August 18, 2026
  7. August 14, 2026
  8. August 10, 2026
  9. August 10, 2026
  10. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 74% to $421.6M versus the same quarter last year; diluted EPS $0.71 versus -$1.67.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 17, 2026. Insider transactions on SEC

What is VATE worth? A DCF from its reported cash flow

Insider trades

What the people running INNOVATE Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
August 12, 2026 Voigt PaulInterim CEO Shares withheld for tax 60,643 $7.62 $462.2K Form 4
August 11, 2026 Glazer Avram ADirector, 10% owner Received as pay 12,016 - - Form 4
August 11, 2026 Wilkinson Amy MarieDirector Received as pay 12,016 - - Form 4
August 11, 2026 Goldstein Brian StevenDirector Received as pay 12,016 - - Form 4
August 11, 2026 Gfeller Warren HDirector Received as pay 12,016 - - Form 4
August 11, 2026 Voigt PaulInterim CEO Received as pay 133,511 - - Form 4
August 11, 2026 Sena Michael J.CFO and Corporate Secretary Received as pay 15,576 - - Form 4
March 15, 2026 Sena Michael J.Chief Financial Officer Shares withheld for tax 1,207 $4.22 $5.1K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns VATE

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Avram Glazer13D, may seek influence with 5 related filers 51.5% 6,809,739 December 18, 2024
Whitefort Capital Management, LP13G, passive with 2 related filers 7.8% 1,059,897 November 14, 2025
Voigt Paul13D, may seek influence with 2 related filers 7.4% 1,031,295 August 14, 2026

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

6 insiders reported holding 1,095,954 shares in total, about $5.6M at the last price.

HolderSharesAs of
Voigt PaulInterim CEO 698,758 August 12, 2026
Sena Michael J.CFO and Corporate Secretary 131,558 August 11, 2026
Gfeller Warren HDirector 79,719 August 11, 2026
Glazer Avram ADirector, 10% owner 66,000 August 11, 2026
Goldstein Brian StevenDirector 60,999 August 11, 2026
Wilkinson Amy MarieDirector 58,920 August 11, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about VATE

What does INNOVATE Corp. do?

INNOVATE Corp. is a company in the Industrials sector, listed on NYSE as VATE. Its shares trade on NYSE under the ticker VATE.

What is INNOVATE Corp.'s net worth?

INNOVATE Corp. has a market value (market cap) of $69.7M at the latest share price, and shareholders' equity of -$243.2M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is INNOVATE Corp. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $22.4M on revenue of $1.5B.

How much revenue does INNOVATE Corp. make?

Over the twelve months to June 30, 2026 INNOVATE Corp. reported revenue of $1.5B. That is 52.4% more than a year earlier.

When did INNOVATE Corp. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the acquisition or sale completed from October 5, 2026.

When is INNOVATE Corp.'s next earnings report?

INNOVATE Corp.'s next report is expected around November 11, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values INNOVATE Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.