VATE
VATE
NYSE · Construction

Innovate Corp

$7.40
-0.37 (-4.76%)
Financial Highlights (FY 2026)
Revenue
1.28B
Net Income
-62,384,237
Gross Margin
16.0%
Profit Margin
-4.9%
Rev Growth
-8.7%
D/E Ratio
0.98
Revenue & Net Income
Margin Trends
FY 2026 FY 2025 FY 2024 FY 2023
Gross Margin 16.0% 16.0% 41.4% 41.4%
Operating Margin 2.3% 2.1% 7.5% 8.0%
Profit Margin -4.9% -4.6% 5.2% 6.8%
Income Statement
FY 2026 FY 2025 FY 2024 FY 2023
Revenue 1.28B 1.40B 46.71M 51.03M
Gross Profit 205.61M 225.21M 19.32M 21.11M
Operating Income 29.25M 28.83M 3.52M 4.08M
Net Income -62,384,237 -61,495,961 2.41M 3.48M
Gross Margin 16.0% 16.0% 41.4% 41.4%
Operating Margin 2.3% 2.1% 7.5% 8.0%
Profit Margin -4.9% -4.6% 5.2% 6.8%
Rev Growth -8.7% -8.7% +15.4% +11.3%
Balance Sheet
FY 2026 FY 2025 FY 2024 FY 2023
Total Debt 26.23M 26.23M 4.77M 4.02M
Total Equity 26.63M 26.63M 33.93M 39.88M
D/E Ratio 0.98 0.98 0.14 0.10
Cash Flow
FY 2026 FY 2025 FY 2024 FY 2023
EBITDA 47.25M 49.17M 4.33M 4.49M
Free Cash Flow — — 2.13M 2.62M