INNOVATE Corp.

INNOVATE Corp.

VATEยทNYSE

$17.13

+11%
IndustrialsEngineering & Construction

INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. It provides industrial construction, structural steel, and facility maintenance services for use in commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants. The company also fabricates trusses and girders; and fabricates and erects water pipe, water storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other customized products. In addition, it offers integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation, and facility services; and steel and rebar detailing, and BIM modeling and management services, as well as equipment used in the oil, gas, petrochemical, and pipeline industries. Further, the company develops products for early osteoarthritis of the knee, and aesthetic and medical technologies for the skin. Additionally, it operates over-the-air broadcasting stations and Azteca America, a Spanish-language broadcast network. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$233.69M
EPS-4.8400
P/E Ratio-3.54
Earnings Date08/05/2026
3Y-18.0%
5Y-86.0%
10Y-66.0%
3Y-1.0%
5Y-81.0%
10Y-58.0%
3Y+627.0%
5Y-135.0%
10Y-408.0%
vate

INNOVATE Corp. Funding & Solvency Profile

VATE ยท NYSE
Cash & Cash Equivalents112.10M
Net Receivables309.60M
Inventory16.00M
Other Current Assets13.80M
Total Current Assets452 M
Property, Plant & Equipment141.80M
Goodwill & Intangible Assets292.20M
Long-Term Investments1.80M
Other Non-Current Assets60.80M
Total Non-Current Assets204 M
Total Assets
950.10M

Financial Health Analysis

Current Ratio

0.44x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Working Capital

-582599999

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

48% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

INNOVATE Corp. Balance Sheet

VATE โ€ข NYSE

INNOVATE Corp. Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
ASSETS
CURRENT ASSETS
112.1M
48.8M
80.8M
80.4M
45.5M
45.3M
228.8M
325M
97.9M
115.4M
158.6M
108M
9M
23.2M
41.1M
41.5M
42.5M
37M
81.3M
64.3M
0.0
0.0
0.0
0.0
0.0
0.0
4B
3.4B
1.3B
1.3B
1.2B
4.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
112.1M
48.8M
80.8M
80.4M
45.5M
45.3M
4.3B
3.7B
1.4B
1.4B
1.4B
112.8M
9M
23.2M
41.1M
41.5M
42.5M
37M
81.3M
64.3M
309.6M
300.9M
399.1M
420M
365.7M
221.3M
1.2B
1.5B
918.8M
842.1M
792.5M
180.4M
19M
17.9M
81.6M
76.8M
89.3M
99.5M
113.6M
118M
304.6M
3.2M
1.5M
5.4M
9.3M
212.4M
8.3M
127.5M
106.9M
113.4M
77.2M
9.1M
19M
17.9M
81.6M
76.8M
89.3M
99.5M
113.6M
118M
5M
297.7M
397.6M
414.6M
356.4M
8.9M
1.2B
1.3B
745.5M
682M
696.4M
195K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16M
20.8M
22.4M
18.9M
17M
9.9M
22.6M
-1.3M
12.7M
9.6M
12.1M
15M
40.6M
5.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10.9M
11.2M
300K
0.0
0.0
78M
0.0
-1.9B
-1.9B
4.8M
18.6M
40.6M
5.8M
15.5M
19.4M
15.1M
15.8M
28.7M
24.3M
13.8M
10M
5M
16.8M
14.4M
6B
555.2M
0.0
528.4M
532.2M
6.1M
5.6M
6.3M
45.9M
15.5M
19.4M
15.1M
0.0
362K
24.3M
451.5M
391.4M
518.5M
536.4M
442.6M
6.2B
6B
5.3B
2.4B
2.2B
2.2B
331.6M
74.9M
86.9M
138.2M
137.8M
147M
152.3M
223.9M
206.6M
NON-CURRENT ASSETS
141.8M
187.3M
212.6M
165M
239.5M
152.6M
223.7M
376.3M
374.7M
286.5M
214.5M
239.9M
3M
65.3M
152.2M
138.5M
147.6M
112.2M
144.6M
111.7M
127M
126.7M
127.1M
127.1M
127.4M
111M
112.5M
171.7M
131.7M
98.1M
61.2M
28M
3.4M
60.7M
71.9M
63.7M
64.2M
32.7M
40.1M
34.9M
165.2M
172.4M
178.9M
190.1M
208.4M
172.1M
221.7M
219.2M
117.1M
39.7M
29.4M
31.1M
0.0
63M
135.7M
147.7M
178.8M
746K
1.6M
2.8M
292.2M
299.1M
306M
317.2M
335.8M
283.1M
334.2M
390.9M
248.8M
137.8M
90.6M
59.1M
3.4M
123.8M
207.6M
211.5M
243M
33.4M
41.7M
37.7M
1.8M
3.6M
1.8M
59.5M
44.2M
56.9M
160.6M
273M
132.9M
113.9M
102.8M
48.7M
522K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2M
1.6M
2M
1.7M
3M
3M
2.7M
2.1M
1.7M
1.1M
52.5M
15.8M
-522K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
60.8M
8.1M
2.7M
71.9M
15M
900K
188M
208.1M
102.3M
49.5M
81M
28.9M
6.4M
25.2M
45.9M
26.7M
21.3M
32.5M
50.2M
36.3M
498.6M
499.7M
525.1M
615.3M
637.5M
496.5M
909.2M
1.3B
860.3M
588.7M
541.4M
392.4M
12.8M
214.3M
405.6M
376.7M
411.9M
178.1M
236.5M
185.6M
0.0
0.0
0.0
0.0
500K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
950.1M
891.1M
1B
1.2B
1.1B
6.7B
7B
6.5B
3.2B
2.8B
2.7B
724M
87.7M
301.2M
543.8M
514.5M
558.9M
330.4M
460.4M
392.3M
LIABILITIES
CURRENT LIABILITIES
142M
86M
153.1M
202.9M
218.5M
70.3M
70.5M
105.5M
125.6M
70.8M
85.7M
80.7M
7M
20M
57.2M
44.6M
56.4M
76.9M
105.7M
88.5M
141.4M
84.8M
142.9M
202.5M
179.2M
69.7M
68.6M
104.7M
119.2M
66.8M
84.4M
80.2M
7M
12.2M
46.6M
36.9M
45.8M
58.7M
74.9M
70.6M
600K
1.2M
10.2M
400K
39.3M
600K
1.9M
800K
6.4M
4M
1.3M
512K
53K
7.7M
10.6M
7.7M
10.6M
18.2M
30.8M
17.9M
0.0
75.1M
62.2M
30.8M
54.1M
34.7M
120.1M
239.4M
44.3M
28.7M
17.4M
20M
19.9M
25.3M
74.4M
78.2M
89.3M
94.1M
111.8M
109.6M
594.3M
162.2M
30.5M
30.6M
69.5M
444.8M
0.0
34M
19.7M
0.0
0.0
10.4M
0.0
66K
1.9M
1.1M
4.3M
564.8M
11.2M
37M
0.0
12.9M
13.5M
17.1M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.2M
10.2M
400K
39.3M
600K
2M
800K
6.4M
4M
1.3M
512K
53K
7.7M
10.6M
7.7M
10.6M
18.2M
30.8M
17.9M
0.0
109.1M
153.5M
98.6M
79.1M
33.2M
171.6M
-169.5M
-1.8B
43.2M
21.2M
42M
402K
8.8M
12.3M
12.9M
13.9M
13.3M
16.5M
18.3M
297.8M
38.4M
31.8M
37.2M
18.3M
5.4B
398.8M
0.0
2.3B
2.1B
2B
46.9M
4.4M
24.3M
0.0
0.0
0.0
0.0
0.0
0.0
1B
483.7M
444.6M
417.2M
439.5M
5.9B
524M
344.9M
367.2M
295M
246.6M
205.6M
31.7M
78.4M
145.8M
136.9M
163.9M
749.1M
245.2M
253.4M
NON-CURRENT LIABILITIES
80.3M
500.6M
679.3M
683.8M
556.8M
127.9M
722.3M
536.5M
399.8M
378.8M
319.2M
332.9M
0.0
127M
245.8M
242.7M
253.2M
40M
662.7M
607.1M
0.0
0.0
0.0
0.0
0.0
52.2M
4.8B
4.8B
2B
43.2M
1.9B
0.0
0.0
14.9M
0.0
0.0
0.0
0.0
0.0
0.0
4.7M
4.4M
4.1M
9.1M
9.1M
7M
83.7M
30.3M
10.7M
15.3M
4.3M
0.0
0.0
11.4M
31.3M
32.2M
36.1M
0.0
0.0
0.0
3.4M
18.7M
19.7M
17.4M
23.6M
-44M
5.1B
5.4B
2.2B
2B
2B
7.5M
1.6M
15.9M
19.2M
19.6M
5.9M
2.8M
-662.6M
-6.4M
131.3M
567.2M
751.7M
764.1M
648M
174.7M
6B
6B
2.7B
2.5B
2.4B
405.6M
1.6M
154.3M
296.3M
294.6M
295.2M
42.9M
662.7M
607.1M
42.9M
56.4M
62.1M
70.9M
58.5M
31.6M
1.6M
40.4M
48.5M
49.7M
52.7M
0.0
0.0
127M
245.8M
242.7M
39.9M
39.9M
662.7M
40.5M
1.2B
1.1B
1.2B
1.2B
1.1B
6.1B
6.5B
6.3B
3B
2.8B
2.6B
611.2M
33.3M
232.7M
442.1M
431.4M
459M
792M
907.9M
860.5M
SHAREHOLDERS' EQUITY
-5.6M
-5.4M
-5.4M
-5.3M
-5.2M
-4.2M
-3.3M
-2.6M
-2.1M
-1.4M
-378K
-378K
-378K
-378K
-378K
0.0
0.0
0.0
0.0
0.0
9.3M
0.0
0.0
17.6M
18.8M
10.4M
10.3M
20.3M
26.3M
29.5M
52.6M
39.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
100K
100K
100K
0.0
0.0
44K
42K
35K
24K
14K
14K
14K
10K
10K
1.4M
1.4M
1.1M
350.1M
350.1M
328.3M
330.1M
330.6M
355.7M
281.1M
260.5M
254.7M
241.5M
209.5M
141.9M
98.6M
98.5M
142.8M
87M
85.5M
719M
718.7M
692.9M
-582.5M
-521.9M
-487.3M
-452.1M
-416.2M
-188.7M
-96.7M
-57.2M
-221.2M
-174.3M
-79.7M
-41.9M
-29.8M
-23.2M
-51.1M
-12.4M
6.7M
-1.1B
-1.1B
-1.1B
-2.1M
-3.2M
-1.1M
5.9M
6.4M
396.9M
168.7M
-112.6M
41.7M
-21.6M
-35.4M
-15.2M
-14.1M
-6.5M
2.4M
4.8M
4.1M
-82.1M
-92.9M
-74.3M
0.0
0.0
0.0
0.0
-18.8M
0.0
-10.3M
-20.3M
-26.3M
-29.5M
-52.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-230.8M
-180.4M
-165.5M
-103.7M
-84.3M
570.2M
349.8M
88.1M
73.2M
44.2M
94M
89.7M
54.4M
68.5M
93.8M
79.4M
96.3M
-461.5M
-447.5M
-468.3M
-215.3M
-159.8M
-152.7M
-29.6M
-6.9M
615.9M
454.9M
201.7M
189.7M
70M
120.6M
112.8M
54.4M
68.5M
101.7M
83M
99.9M
-461.5M
-447.5M
-468.3M
15.5M
20.6M
12.8M
74.1M
77.4M
45.7M
105.1M
113.6M
116.6M
25.8M
26.6M
23.2M
0.0
0.0
7.9M
3.6M
3.6M
0.0
0.0
0.0
SUMMARY
950.1M
891.1M
1B
1.2B
1.1B
6.7B
7B
6.5B
3.2B
2.8B
2.7B
724M
87.7M
301.2M
543.8M
514.5M
558.9M
330.4M
460.4M
392.3M
1.8M
3.6M
1.8M
59.5M
44.2M
56.9M
4.2B
3.7B
1.5B
1.4B
1.3B
53.5M
522K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
717.5M
719.2M
771.9M
785.3M
684.8M
604.3M
773.6M
743.9M
593.2M
428.5M
371.9M
343.4M
-128M
127.1M
247.8M
243.9M
257.5M
604.8M
673.9M
644.1M
605.4M
670.4M
691.1M
704.9M
639.3M
559M
544.8M
418.9M
495.3M
313.1M
213.3M
235.4M
-137M
103.9M
206.7M
202.4M
215M
567.8M
592.6M
579.8M
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149
13,336,149

SEC Filings

VATE - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
May 29, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 14, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 14, 2026
May 14, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 28, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

April 06, 2026
April 06, 2026
2026
8-K

8-K 2026

N/A

March 31, 2026
March 31, 2026
2026
10-K

10-K 2025 FY

FY

March 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 26, 2026
March 26, 2026
2026
8-K

8-K 2026

N/A

February 10, 2026
February 10, 2026
2026
8-K

8-K 2026

N/A

February 02, 2026
February 02, 2026
2026
Showing 1 to 10 of 711 filings