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    Innovate Corp (VATE)

    Official site

    INDUSTRIALS • ENGINEERING & CONSTRUCTION • NYSE

    $6.22
    +0.25 (+4.19%)

    Market Cap: $81.44M

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    33%(7/21)
    Avg Surprise
    -35.36%
    Streak
    1 Q
    PeriodReportedEst.SurpriseB/MYoY
    Jun 26
    Reported Aug 6
    		$0.71N/AN/ABeat+142.5%
    Mar 26
    Reported May 14
    		$-1.29N/AN/ABeat+0.2%
    Dec 25
    Reported Mar 26
    		$-0.58N/AN/ABeat+48.3%
    Sep 25
    Reported Nov 12
    		$-0.71N/AN/ABeat+39.9%
    Jun 25
    Reported Aug 5
    		$-1.67$0.00N/AMiss-270.9%
    Mar 25
    Reported May 6
    		$-1.29N/AN/ABeat-474.5%
    Dec 24
    Reported Mar 31
    		$-1.13$0.00N/AMiss-830.8%
    Sep 24
    Reported Nov 6
    		$-1.18N/AN/ABeat-1211.1%
    Jun 24
    Reported Aug 7
    		$0.98N/AN/ABeat+851.8%
    Mar 24
    Reported May 7
    		$-0.22N/AN/ABeat-73.0%
    Dec 23
    Reported Mar 4
    		$-0.12N/AN/ABeat-34.9%
    Sep 23
    Reported Nov 9
    		$-0.09N/AN/ABeat+0.0%
    Jun 23
    Reported Aug 9
    		$-0.13N/AN/ABeat+27.8%
    Mar 23
    Reported May 10
    		$-0.13N/AN/ABeat+27.8%
    Dec 22
    Reported Mar 14
    		$-0.09N/AN/ABeat-28.6%
    Sep 22
    Reported Nov 2
    		$-0.09N/AN/ABeat+43.8%
    Jun 22
    Reported Aug 3
    		$-0.18N/AN/ABeat+33.1%
    Mar 22
    Reported May 4
    		$-0.18N/AN/ABeat+64.7%
    Dec 21
    Reported Mar 9
    		$-0.07$-0.07+0.00%Beat-161.2%
    Sep 21
    Reported Nov 4
    		$-0.16$-0.10-60.00%Miss+83.3%
    Jun 21
    Reported Aug 6
    		$-0.27$-0.18-49.56%Miss-105.1%
    Mar 21
    Reported May 7
    		$-0.51$-0.22-131.82%Miss+94.0%
    Dec 20
    Reported Mar 10
    		$-0.03N/A+86.60%Beat+95.9%
    Sep 20
    Reported Nov 9
    		$-0.96N/A+72.57%Beat-12.9%
    Jun 20
    Reported Aug 10
    		$5.30$-3.90+235.90%Beat+197.8%
    Mar 20
    Reported May 11
    		$-8.48$-4.90-73.06%Miss-2020.0%
    Dec 19
    Reported Mar 16
    		$-0.66$-0.25-164.00%Miss-32.0%
    Sep 19
    Reported Nov 5
    		$-0.85N/A+63.04%Beat+83.8%
    Jun 19
    Reported Aug 8
    		$1.78$-1.20+248.33%Beat+125.8%
    Mar 19
    Reported May 7
    		$-0.40N/A+92.73%Beat+95.0%
    Dec 18
    Reported Mar 12
    		$-0.50$-0.16-212.50%Miss-138.1%
    Sep 18
    Reported Nov 6
    		$-5.24$-4.20-24.76%Miss-147.2%
    Jun 18
    Reported Aug 8
    		$-6.90$-4.50-53.33%Miss-92.7%
    Mar 18
    Reported May 10
    		$-8.03$-4.90-63.88%Miss-99.3%
    Dec 17
    Reported Mar 14
    		$-0.21$-0.11-90.91%Miss+55.3%
    Sep 17
    Reported Nov 8
    		$-2.12$-0.90-135.56%Miss-
    Jun 17
    Reported Aug 9
    		$-3.58$-1.80-98.89%Miss-
    Mar 17
    Reported May 10
    		$-4.03$-2.10-91.90%Miss-
    Dec 16
    Reported Mar 8
    		$-0.47$-0.12-291.67%Miss-

    Dividends

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    Payout Ratio0.00%
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E Ratio-3.32EV/EBITDA4.99x
    Price/FCF0.79xFCF Yield126.82%
    Profitability
    Profit Margin-1.48%Operating Margin8.18%
    ROE-19.10%ROIC17.73%
    Financial Health
    Debt/Equity-2.53xInterest Coverage0.82x
    Current Ratio0.44xQuick Ratio0.43x
    Trading Statistics
    Beta2.44Avg Volume88.22K
    52-Week High$21.3052-Week Low$3.41

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$6.94
    SMA 20$7.34
    SMA 50$7.51
    SMA 200$8.90
    EMA 10$6.79
    EMA 20$7.10
    EMA 50$7.86
    EMA 200$8.63

    MACD

    Line: -0.35Signal: -0.23Hist: -0.13

    ADX

    ADX: 24.9+DI: 9.3-DI: 31.6

    Aroon & PSAR

    Aroon Up20.0
    Aroon Down100.0
    PSAR$9.14

    Bollinger Bands

    Upper Band$8.53
    Lower Band$6.14
    %B Position3250%(Upper)
    Band Width0.03

    RSI (14-Day)

    Neutral
    33.8

    Momentum Oscillators

    Stoch %K6.3
    Stoch %D5.5
    Williams %R-82.3
    ROC (10d)-16.3%
    Momentum-1.21
    CCI (20d)-208.5
    MFI (14d)22.6

    Volatility Measures

    ATR (14d)$0.48(7.7%)
    StdDev (20d)0.60
    Hist Vol55.8%(High)

    Volume Flow

    VWAP$6.12
    OBV14.1M
    AD Line-1.7M
    CMF (20d)0.206

    Volume Metrics

    Avg Vol (20d)79.5K
    Vol Ratio0.9x
    VWMA (20d)$7.46

    Pivot Points

    R3$6.52
    R2$6.41
    R1$6.19
    Pivot Point$6.08
    S1$5.86
    S2$5.75
    S3$5.53

    Advanced Oscillators

    TSI-20.69
    Ultimate Osc41.7
    KST-66.90

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$421.60M$364.80M$382.70M$347.10M$242.00M$274.20M$236.60M$242.20M$313.10M$315.20M$361.00M$375.30M
    Cost of Revenue$342.10M$311.30M$323.80M$297.40M$196.40M$228.70M$190.20M$194.00M$247.50M$266.60M$299.90M$316.60M
    Gross Profit$79.50M$53.50M$58.90M$49.70M$45.60M$45.50M$46.40M$48.20M$65.60M$48.60M$61.10M$58.70M
    Operating Expenses$45.00M$43.50M$44.60M$43.60M$40.70M$42.10M$43.90M$42.30M$36.80M$45.80M$47.10M$48.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$41.50M$39.40M$40.60M$39.60M$35.10M$37.80M$40.40M$37.40M$42.90M$39.50M$41.40M$43.80M
    Operating Income$34.50M$10.00M$14.30M$6.10M$4.90M$3.40M$2.50M$5.90M$28.80M$2.80M$14.00M$10.70M
    Interest Income$0$0$0$0$0$-5,900,000$0$0$-1,100,000$-1,200,000$-3,600,000$-1,500,000
    Interest Expense$9.20M$24.50M$24.00M$23.40M$21.70M$20.20M$19.60M$21.20M$16.50M$17.20M$19.20M$17.10M
    Income Before Tax$25.50M$-14,200,000$-9,300,000$-16,700,000$-16,800,000$-18,700,000$-14,900,000$-13,100,000$11.40M$-16,800,000$-9,300,000$-7,500,000
    Income Tax Expense$13.10M$2.90M$-1,700,000$-7,100,000$4.20M$7.10M$2.40M$3.10M$-2,500,000$3.30M$1.30M$1.10M
    Net Income$12.40M$-17,100,000$-7,600,000$-9,600,000$-21,000,000$-25,800,000$-17,300,000$-16,200,000$13.90M$-20,100,000$-10,600,000$-8,600,000
    EBITDA$50.80M$23.80M$28.00M$20.00M$18.60M$20.90M$14.90M$18.10M$39.30M$11.70M$23.90M$20.40M
    EBIT$34.70M$10.30M$14.40M$6.70M$4.90M$7.40M$4.70M$8.10M$29.00M$1.60M$13.50M$11.10M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Innovate Q2 2026 Earnings Call Transcript

    Innovate Corp. reported a strong Q2 2026 with consolidated revenue up 74.2% to $421.6 million, driven primarily by its Infrastructure segment. Adjusted EBITDA significantly increased to $46.3 million...

    Benzinga•10/12/26•Bullish

    INNOVATE Corp amends 2027 convertible notes redemption terms

    INNOVATE Corp. has amended the terms of its 9.500% Convertible Senior Secured Notes due 2027, requiring all outstanding notes to be redeemed at par plus accrued interest on the 15th business day after the lock-up on DBMG...

    The Globe and Mail•10/10/26•Somewhat-Bullish

    Innovate Amends 9.5% 2027 Convertible Notes to Mandate 100% Redemption After DBMG Lock-Up

    Innovate (VATE) has amended its 9.5% Convertible Senior Secured Notes due 2027 to require 100% redemption of all notes after the DBMG stock lock-up expires. The redemption will occur on the 15th business day following...

    TradingView•10/9/26•Neutral

    USU4493JAA98 Bond Yield and Price — BONDSCOM:USU4493JAA98

    This article provides detailed information on the INNOVATE Corp. 10.5% 01-FEB-2027 bond with ISIN USU4493JAA98, including its key terms, issuer information...

    TradingView•10/8/26•Neutral

    Understanding Momentum Shifts in (VATE)

    This article provides an AI-driven analysis of Innovate Corp. (NASDAQ: VATE), highlighting weak near-term sentiment but strong long-term support. It offers distinct trading strategies—long, breakout...

    Stock Traders Daily•10/7/26•Somewhat-Bearish

    VATE Valuation and Fair Value

    P/E
    -3.3x
    Forward P/E
    4.9x
    EV/EBITDA
    5.0x
    P/FCF
    0.8x
    P/B
    -0.3x
    See GNG's fair value

    VATE Profitability: Margins, ROIC and FCF

    Gross margin
    15.9%
    Operating margin
    8.2%
    Net margin
    -1.5%
    ROIC
    17.7%
    ROE
    -19.1%
    FCF margin
    7.0%
    FCF yield
    126.8%

    VATE Competitors

    CompanyTicker
    Broadwind Energy IncBWEN
    RF Industries LtdRFIL
    Proficient Auto Logistics, Inc. Common StockPAL
    Starfighters Space, Inc.FJET
    New Horizon Aircraft LtdHOVR
    Safe Pro Group Inc.SPAI
    Resources Connection IncRGP
    Where Food Comes From IncWFCF

    Sector: Industrials

    VATE Bull Case vs Bear Case

    Bull case

    • VATE earns a 17.7% return on invested capital.
    • VATE grew quarterly revenue 74.2% year over year.

    Bear case

    • VATE has a -1.5% net profit margin.
    • VATE beat EPS estimates in 25.0% of its last 8 reported quarters.

    VATE Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -13.7%

    VATE Dividend

    Forward yield
    0.0%
    Payout ratio
    0.0%

    Frequently Asked Questions About VATE

    Does VATE pay dividends?

    Innovate Corp (VATE) has a dividend payment track record. See the VATE dividend history page for its current payment status, TTM yield, and recorded payments.

    What is VATE's market cap?

    Innovate Corp (VATE) has a market capitalization of $81.44M with a current stock price of $6.22.

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    Sector: Industrials

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