Innovate (VATE) reported $1.2B in revenue for fiscal 2025, +12.5% year on year. That ranks #1634 by revenue among 2853 SEC filers and #308 in Industrials. It posted a net loss of −$60.6M for the same year. Revenue has grown 8.2% a year on average since 2011 ($412M then). The fiscal 2025 balance sheet shows $950M in total assets, $108M in cash and $80.3M in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenues | $1.2B | +12.5% | FY20252025-12-31 |
| Gross profitGrossProfit | $200M | −4.4% | FY20252025-12-31 |
| Operating incomeOperatingIncomeLoss | $28.7M | −28.3% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | −$60.6M | −$26.0M | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $147M | +1,511.0% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquireProductiveAssets | $500,000 | −97.4% | FY20252025-12-31 |
| Total assetsAssets | $950M | +6.6% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | −$240M | −$59.7M | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $108M | +158.9% | FY20252025-12-31 |
| Long-term debtLongTermDebtAndCapitalLeaseObligations | $80.3M | −84.0% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $365M | −$16.8M | Open → |
| Q2 20262026-06-30 | $422M | $10.7M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 308 of 323 companies compared | −4.9% | |
| Operating marginRank 260 of 316 companies compared | 2.3% | |
| Cash as share of revenueRank 129 of 322 companies compared | 8.7% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Innovate Corp.
- Ticker
- VATE
- Exchange
- NYSE
- SIC classification
- Fabricated Structural Metal Products (3440)
- Fiscal year end
- 12-31
- CIK
- 0001006837
Filings
- 10-QAug 6, 2026Open filing →
- 10-QMay 14, 2026Open filing →
- 10-KMar 26, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| Navios Maritime PartnersNMM | $1.3B | $285M |
| TormTRMD | $1.3B | $285M |
| KforceKFRC | $1.3B | $34.8M |
| InnovateVATE | $1.2B | −$60.6M |
| Barrett Business ServicesBBSI | $1.2B | $54.4M |
| HF FoodsHFFG | $1.2B | −$38.8M |
| TennantTNC | $1.2B | $43.8M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Innovate — Key figures |url=https://companiesranked.com/en/company/innovate |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Innovate — Key figures. CompaniesRanked. https://companiesranked.com/en/company/innovateBibTeX
@misc{companiesranked-en-company-innovate-2026,
author = {{CompaniesRanked}},
title = {{Innovate — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/innovate}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001006837-26-000014 · March 26, 2026
{{cite web |title=Innovate — Key figures — 10-K (0001006837-26-000014) |url=https://www.sec.gov/Archives/edgar/data/1006837/000100683726000014/vate-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-26}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.