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
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 282 | 412 | 303 | 231 | 547 | 1,121 | 1,558 | 1,634 | 1,977 | 1,077 | 717 | 1,205 | 1,637 | 1,423 | 1,107 | 1,246 | 1,516 |
| Cost of revenue | 135 | 389 | 286 | 220 | — | 983 | 1,254 | 1,313 | 1,585 | 596 | 589 | 1,022 | 1,416 | 1,207 | 898 | 1,046 | 1,275 |
| Gross profit | 147 | 23 | 17 | 10 | — | 138 | 304 | 321 | 392 | 481 | 128 | 184 | 221 | 216 | 209 | 200 | 242 |
| Selling, general and administrative | 113 | 42 | 45 | 35 | 80 | 109 | 153 | 183 | 218 | 177 | 146 | 168 | 180 | 168 | 160 | 153 | 161 |
| Operating income | −6 | −41 | −52 | −39 | −14 | 1 | −2 | −1 | −56 | 25 | −28 | −11 | 13 | 27 | 40 | 29 | 65 |
| Interest expense | 35 | 0 | 0 | 0 | 12 | 39 | 43 | 55 | 76 | 76 | 75 | 59 | 52 | 68 | 75 | 89 | 100 |
| Income before tax | −49 | −42 | −48 | −25 | −35 | −47 | −46 | −40 | 182 | −42 | −47 | −81 | −41 | −34 | −33 | −62 | −15 |
| Income tax | −7 | 1 | −3 | −7 | −23 | −11 | 52 | 11 | 2 | −20 | 7 | 6 | 1 | 5 | 6 | 3 | 7 |
| Net income | −19 | −39 | 28 | 112 | −14 | −36 | −95 | −47 | 162 | −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) | — | 1m | 1m | 1m | 2m | 3m | 4m | 4m | 5m | 4m | 5m | 8m | 8m | 8m | 11m | 13m | 13m |
| EBITDA | 62 | 24 | −9 | −15 | −3 | 33 | 27 | 36 | −17 | 34 | −2 | 27 | 56 | 63 | 73 | 59 | 88 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 242 | 237 | 274 | 242 | 347 | 383 | 365 | 422 |
| Cost of revenue | 194 | 190 | 229 | 196 | 297 | 324 | 311 | 342 |
| Gross profit | 48 | 46 | 46 | 46 | 50 | 59 | 54 | 80 |
| Selling, general and administrative | 37 | 40 | 38 | 35 | 40 | 41 | 39 | 42 |
| Operating income | 6 | 3 | 3 | 5 | 6 | 14 | 10 | 35 |
| Interest expense | 21 | 20 | 20 | 21 | 23 | 24 | 25 | 28 |
| Income before tax | −13 | −15 | −19 | −17 | −17 | −9 | −14 | 26 |
| Income tax | 3 | 2 | 7 | 4 | −7 | −2 | 3 | 13 |
| Net income | −15 | −17 | −25 | −20 | −9 | −7 | −17 | 11 |
| Diluted EPS | −$1.18 | −$1.39 | −$1.89 | −$1.67 | −$0.71 | −$0.57 | −$1.29 | $0.71 |
| EBITDA | 10 | 11 | 11 | 9 | 10 | 22 | 17 | 38 |
Compare with peers
- Argan Inc income statement
- Orion Group Holdings Inc income statement
- Matrix Service Co income statement
- Cadeler A/s income statement
- Limbach Holdings, Inc. income statement
Head to head: AGX vs VATEORN vs VATEMTRX vs VATE
More: Construction & Engineering stocks compared, Industrials sector, rankings of US companies