VATE
Income statement / Annual
Last year (2025), Innovate Corp's total revenue was $1.25 B,
an increase of 12.55% from the previous year.
In 2025, Innovate Corp's net income was -$60.60 M.
See Innovate Corp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$1.25 B |
$1.11 B |
$1.42 B |
$1.64 B |
$1.21 B |
$716.90 M |
$1.08 B |
$1.98 B |
$1.63 B |
$1.56 B |
| Cost of Revenue |
$1.06 B
|
$898.30 M
|
$1.21 B
|
$1.42 B
|
$1.02 B
|
$588.50 M
|
$830.50 M
|
$1.78 B
|
$1.42 B
|
$1.38 B
|
| Gross Profit |
$182.20 M
|
$208.80 M
|
$216.00 M
|
$221.40 M
|
$183.70 M
|
$128.40 M
|
$246.50 M
|
$194.20 M
|
$212.36 M
|
$180.90 M
|
| Gross Profit Ratio |
0.15
|
0.19
|
0.15
|
0.14
|
0.15
|
0.18
|
0.23
|
0.1
|
0.13
|
0.12
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$291.58 M
|
$153.07 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$108.70 M
|
-$179.00 K
|
| Selling, General & Administrative Expenses |
$148.00 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$145.50 M
|
$177.30 M
|
$218.40 M
|
$182.88 M
|
$152.89 M
|
| Other Expenses |
$0.00
|
$168.80 M
|
$189.50 M
|
$208.00 M
|
$194.30 M
|
$11.20 M
|
$43.90 M
|
$78.70 M
|
-$12.77 M
|
-$2.84 M
|
| Operating Expenses |
$148.00 M
|
$168.80 M
|
$189.50 M
|
$208.00 M
|
$194.30 M
|
$156.70 M
|
$221.20 M
|
$250.00 M
|
$213.49 M
|
$177.38 M
|
| Cost And Expenses |
$1.21 B
|
$1.07 B
|
$1.40 B
|
$1.62 B
|
$1.22 B
|
$745.20 M
|
$1.05 B
|
$2.03 B
|
$1.64 B
|
$1.55 B
|
| Interest Income |
$700.00 K
|
$2.60 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$89.00 M
|
$74.50 M
|
$68.20 M
|
$52.00 M
|
$59.10 M
|
$74.80 M
|
$76.10 M
|
$75.70 M
|
$55.10 M
|
$43.38 M
|
| Depreciation & Amortization |
$30.40 M
|
$32.90 M
|
$36.00 M
|
$42.20 M
|
$37.60 M
|
$26.80 M
|
$8.20 M
|
$51.50 M
|
$36.57 M
|
$28.86 M
|
| EBITDA |
$57.90 M |
$74.00 M |
$63.10 M |
$62.80 M |
$31.80 M |
$54.90 M |
$42.50 M |
$309.50 M |
$51.92 M |
$26.45 M |
| EBITDA Ratio |
0.05
|
0.07
|
0.04
|
0.04
|
0.03
|
0.08
|
0.04
|
0.16
|
0.03
|
0.02
|
| Operating Income Ratio |
0.03
|
0.04
|
0.02
|
0.01
|
-0.01
|
-0.04
|
0.02
|
-0.03
|
-0
|
-0
|
| Total Other Income/Expenses Net |
-$95.70 M
|
-$73.40 M
|
-$60.90 M
|
-$54.50 M
|
-$70.10 M
|
-$18.40 M
|
-$67.10 M
|
$238.10 M
|
-$38.65 M
|
-$44.37 M
|
| Income Before Tax |
-$61.50 M
|
-$33.40 M
|
-$34.40 M
|
-$41.10 M
|
-$80.70 M
|
-$46.70 M
|
-$41.80 M
|
$182.30 M
|
-$39.75 M
|
-$45.79 M
|
| Income Before Tax Ratio |
-0.05
|
-0.03
|
-0.02
|
-0.03
|
-0.07
|
-0.07
|
-0.04
|
0.09
|
-0.02
|
-0.03
|
| Income Tax Expense |
$2.50 M
|
$6.30 M
|
$4.50 M
|
$900.00 K
|
$5.60 M
|
$7.00 M
|
-$19.60 M
|
$2.40 M
|
$10.74 M
|
$51.64 M
|
| Net Income |
-$60.60 M
|
-$34.60 M
|
-$35.20 M
|
-$35.90 M
|
-$227.50 M
|
-$92.00 M
|
-$31.50 M
|
$139.00 M
|
-$49.70 M
|
-$105.40 M
|
| Net Income Ratio |
-0.05
|
-0.03
|
-0.02
|
-0.02
|
-0.19
|
-0.13
|
-0.03
|
0.07
|
-0.03
|
-0.07
|
| EPS |
-4.84 |
-2.73 |
-4.78 |
-5.26 |
-10.35 |
-9.22 |
-3.93 |
29 |
-7.5 |
-15.91 |
| EPS Diluted |
-4.84 |
-2.73 |
-4.78 |
-5.26 |
-10.35 |
-9.22 |
-3.93 |
29.7 |
-11.61 |
-28.26 |
| Weighted Average Shares Out |
$13.22 M
|
$13.10 M
|
$7.87 M
|
$7.75 M
|
$7.71 M
|
$5.03 M
|
$4.48 M
|
$4.79 M
|
$6.62 M
|
$6.62 M
|
| Weighted Average Shares Out Diluted |
$13.22 M
|
$13.10 M
|
$7.87 M
|
$7.75 M
|
$7.71 M
|
$5.03 M
|
$4.48 M
|
$4.68 M
|
$4.28 M
|
$3.73 M
|
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