VATE: financial statements from SEC — TradeAlmanac

VATE

INNOVATE Corp.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	1.25bn	1.11bn
Cost of revenue	1.05bn	898m
Gross profit	200m	209m
Selling, general and administrative	153m	160m
Operating income	29m	40m
Pre-tax income	−62m	−33m
Income tax	3m	6m
Net income	−61m	−35m
Earnings per share	−4.84	−3.08
Earnings per share, diluted	−4.84	−3.08
Weighted average shares	13m	11m
Weighted average shares, diluted	13m	11m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jul 31, 2024
Cash and equivalents	135m	112m	36m	33m	33m	49m	51m	—
Receivables	186m	241m

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	147m	9m
Depreciation and amortisation	30m	33m
Share-based compensation	3m	3m
Capital expenditure	500,000	1m
Investing cash flow	−23m	−14m
Dividends paid	2m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)