Innovate Corp. (VATE)
NYSE · Fabricated Structural Metal Products · Manufacturing · CIK 1006837 · fiscal year ends in Dec
Closing price $5.51 on 30 Oct 2026; 52-week range $3.98 to $20.06.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $1.5B
- Revenue growth
- 52.4%
- Net income, last twelve months
- -$22.4M
- Earnings per share
- -$1.87
- Gross margin
- 15.9%
- Operating margin
- 4.3%
- Net margin
- -1.5%
- Free cash flow
- $140.7M
- Market value
- $75.2M
- Cash
- $87.8M
- Debt
- $626.3M
- Shares outstanding
- 13.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $1.2B | $28.7M | -$60.6M | -$4.84 | $146.1M | 10-K filed 26 Mar 2026 |
| FY2024 | 31 Dec 2024 | $1.1B | $40.0M | -$34.6M | -$3.08 | -$9.9M | 10-K filed 31 Mar 2025 |
| FY2023 | 31 Dec 2023 | $1.4B | $26.5M | -$35.2M | -$4.80 | $8.1M | 10-K filed 31 Mar 2025 |
| FY2022 | 31 Dec 2022 | $1.6B | $13.4M | -$35.9M | -$5.30 | -$30.2M | 10-K filed 14 Mar 2023 |
| FY2021 | 31 Dec 2021 | $1.2B | -$10.6M | -$227.5M | -$29.80 | $2.9M | 10-K filed 9 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $421.6M | $10.7M | $0.71 |
| Q1 FY2026 | 31 Mar 2026 | $364.8M | -$16.8M | -$1.29 |
| Q4 FY2025 | 31 Dec 2025 | $382.7M | -$7.4M | -$0.58 |
| Q3 FY2025 | 30 Sep 2025 | $347.1M | -$8.9M | -$0.71 |
| Q2 FY2025 | 30 Jun 2025 | $242.0M | -$19.8M | -$1.67 |
| Q1 FY2025 | 31 Mar 2025 | $274.2M | -$24.5M | -$1.89 |
| Q4 FY2024 | 31 Dec 2024 | $236.6M | -$16.6M | -$1.29 |
| Q3 FY2024 | 30 Sep 2024 | $242.2M | -$15.0M | -$1.18 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Infrastructure | $1.2B | 97.1% |
| Spectrum | $23.2M | 1.9% |
| Life Sciences | $12.5M | 1.0% |
Company events
The newest 8-K filings of 445 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Oct 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 5 Oct 2026 | 8-K | Deal completed, Leadership change, Material agreement, Agreement ended, Investor update | 1.01, 1.02, 2.01, 5.02, 7.01, 9.01 |
| 2 Sep 2026 | 8-K | Deal completed, Material agreement, Agreement ended, Investor update | 1.01, 1.02, 2.01, 7.01, 9.01 |
| 18 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 10 Aug 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 6 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 3 Aug 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 8 Jul 2026 | 8-K | Other events | 8.01 |
| 11 Jun 2026 | 8-K | Shareholder vote | 5.07, 9.01 |
| 1 Jun 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 14 May 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 6 Apr 2026 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 1,003 held.
| Filed | Form | Period |
|---|---|---|
| 9 Oct 2026 | 8-K | 9 Oct 2026 |
| 5 Oct 2026 | 8-K | 2 Oct 2026 |
| 3 Sep 2026 | DEF 14C | 3 Sep 2026 |
| 2 Sep 2026 | 8-K | 28 Aug 2026 |
| 24 Aug 2026 | PRE 14C | 21 Aug 2026 |
| 21 Aug 2026 | EFFECT | – |
| 19 Aug 2026 | S-3/A | – |
| 18 Aug 2026 | 8-K | 18 Aug 2026 |
| 10 Aug 2026 | S-3 | – |
| 10 Aug 2026 | 8-K | 7 Aug 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 6 Aug 2026 | 8-K | 6 Aug 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | Voigt Paul | 13D | 7.4% | 1.0M |
| 14 Nov 2025 | Whitefort Capital Management, LP | 13G amended | 7.8% | 1.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 557.3K | +0.37% | 9.35 |
| 30 Sep 2026 | 555.3K | -7.44% | 4.75 |
| 15 Sep 2026 | 599.9K | +9.9% | 7.09 |
| 31 Aug 2026 | 545.9K | +10.74% | 3.34 |
| 14 Aug 2026 | 492.9K | +12.47% | 1 |
| 31 Jul 2026 | 438.3K | -3.88% | 4.83 |
| 15 Jul 2026 | 456.0K | +15.51% | 4.23 |
| 30 Jun 2026 | 394.8K | +59.92% | 2.32 |
Funds that hold it
From each fund's latest Form 13F.
52 funds held it at 30 Jun 2026: 35 added and 6 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Whitefort Capital Management, LP | 743,000 | $13.9M | 0 |
| Jefferies Financial Group Inc. | 700,802 | $13.1M | 0 |
| BlackRock, Inc. | 354,408 | $6.6M | +263,360 |
| Vanguard Capital Management LLC | 228,667 | $4.3M | +4,511 |
| Geode Capital Management, LLC | 128,530 | $2.4M | +38,594 |
| Arena Capital Advisors, LLC- CA | 127,934 | $2.4M | 0 |
| Prescott Group Capital Management, L.L.C. | 109,448 | $2.0M | 0 |
| Marshall Wace, LLP | 108,147 | $2.0M | +108,147 |
| Bank of America Corp. | 83,239 | $1.6M | +67,105 |
| State Street Corp. | 82,764 | $1.5M | +35,000 |
Peers
Companies in the same industry.
- Valmont Industries Inc. (VMI): revenue $4.3B, market value $8.1B
- Arcosa, Inc. (ACA): revenue $2.7B, market value $7.3B
- Proto Labs Inc. (PRLB): revenue $579.5M, market value $1.6B