Stocks Industrials VATE
NYSE · IndustrialsINNOVATE 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.
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.2B | -$60.6M | -$4.84 | $146.1M |
| 2024 | $1.1B | -$34.6M | -$3.08 | -$9.9M |
| 2023 | $1.4B | -$35.2M | -$4.81 | $8.1M |
| 2022 | $1.6B | -$35.9M | -$5.31 | -$30.2M |
| 2021 | $1.2B | -$227.5M | -$29.86 | $2.9M |
| 2020 | $716.9M | -$92M | -$18.84 | $23.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where VATE ranks in Industrials
Dividends
It paid out $2.2M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $2.2M | n/a |
| 2024 | n/a | $1.2M | n/a |
| 2023 | n/a | $2.2M | n/a |
| 2022 | n/a | $5.2M | n/a |
| 2021 | n/a | $2.9M | n/a |
| 2018 | n/a | $500K | 0% |
Latest SEC filings
What INNOVATE Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 5, 2026Acquisition or sale completed8-KINNOVATE Corp. completed the sale of DBM Global to IES Holdings for cash and stock.
- September 3, 2026Form DEF 14C filing DEF 14C
- September 2, 2026
- August 24, 2026Form PRE 14C filing PRE 14C
- August 19, 2026
- August 18, 2026Other event 8-K
- August 14, 2026Activist stake (5% or more) SCHEDULE 13D
- August 10, 2026
- August 10, 2026
- August 6, 2026Quarterly 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.
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.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 12, 2026 | Voigt PaulInterim CEO | Shares withheld for tax | 60,643 | $462.2K |
| August 11, 2026 | Glazer Avram ADirector, 10% owner | Received as pay | 12,016 | - |
| August 11, 2026 | Wilkinson Amy MarieDirector | Received as pay | 12,016 | - |
| August 11, 2026 | Goldstein Brian StevenDirector | Received as pay | 12,016 | - |
| August 11, 2026 | Gfeller Warren HDirector | Received as pay | 12,016 | - |
| August 11, 2026 | Voigt PaulInterim CEO | Received as pay | 133,511 | - |
| August 11, 2026 | Sena Michael J.CFO and Corporate Secretary | Received as pay | 15,576 | - |
| March 15, 2026 | Sena Michael J.Chief Financial Officer | Shares withheld for tax | 1,207 | $5.1K |
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
| Holder | Of class | Filed |
|---|---|---|
| Avram Glazer13D, may seek influence with 5 related filers | 51.5% | December 18, 2024 |
| Whitefort Capital Management, LP13G, passive with 2 related filers | 7.8% | November 14, 2025 |
| Voigt Paul13D, may seek influence with 2 related filers | 7.4% | August 14, 2026 |
Largest institutional holders
Insiders
6 insiders reported holding 1,095,954 shares in total, about $5.6M at the last price.
| Holder | Shares |
|---|---|
| Voigt PaulInterim CEO | 698,758 |
| Sena Michael J.CFO and Corporate Secretary | 131,558 |
| Gfeller Warren HDirector | 79,719 |
| Glazer Avram ADirector, 10% owner | 66,000 |
| Goldstein Brian StevenDirector | 60,999 |
| Wilkinson Amy MarieDirector | 58,920 |
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.