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Innovate Corp. income statement

In fiscal 2025, Innovate Corp. reported revenue of $1.25bn, up 12.5% on the year before, operating income of $28.7m (a 2.3% margin) and net income of −$60.6m, or −$4.84 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Innovate Corp.: income statement, annual
Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue2824123032315471,1211,5581,6341,9771,0777171,2051,6371,4231,1071,2461,516
Cost of revenue135389286220—9831,2541,3131,5855965891,0221,4161,2078981,0461,275
Gross profit147231710—138304321392481128184221216209200242
Selling, general and administrative11342453580109153183218177146168180168160153161
Operating income−6−41−52−39−141−2−1−5625−28−111327402965
Interest expense35000123943557676755952687589100
Income before tax−49−42−48−25−35−47−46−40182−42−47−81−41−34−33−62−15
Income tax−71−3−7−23−1152112−207615637
Net income−19−3928112−14−36−95−47162−32−92−228−36−35−35−61−22
Diluted EPS−$19.60−$29.80$20.20$7.95−$8.30−$1.50−$28.30−$1.16—−$7.00−$1.88−$2.98−$0.53−$4.81−$3.08−$4.84−$1.66
Diluted shares (average)—1m1m1m2m3m4m4m5m4m5m8m8m8m11m13m13m
EBITDA6224−9−15−3332736−1734−2275663735988

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Innovate Corp.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Innovate Corp.