Stocktoria
INNOVATE Corp. VATE
NYSE · stock · Fabricated Structural Metal Products · website · IPO 2011-06-23
INNOVATE Corp. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.4B | $1.6B | $1.2B | $716.9M | $1.1B | $2.0B | $1.6B | $1.6B |
| Gross profit | $199.7M | $208.8M | $216.0M | $221.4M | $183.7M | $128.4M | — | — | — | — |
| SG&A expense | $153.1M | $160.2M | $168.0M | $180.1M | $168.3M | $145.5M | $177.3M | $218.4M | $182.8M | $152.9M |
| Operating income | $28.7M | $40.0M | $26.5M | $13.4M | -$10.6M | -$28.3M | $25.3M | -$55.8M | -$1.1M | -$1.5M |
| Interest expense | — | — | $68.2M | $52.0M | $59.1M | $74.8M | $76.1M | $75.7M | $55.1M | $43.4M |
| Income tax | $2.5M | $6.3M | $4.5M | $900,000 | $5.6M | $7.0M | -$19.6M | $2.4M | $10.7M | $51.6M |
| Net income | -$60.6M | -$34.6M | -$35.2M | -$35.9M | -$227.5M | -$92.0M | -$31.5M | $162.0M | -$46.9M | -$94.5M |
| EPS (diluted) | $-4.84 | $-3.08 | $-4.81 | $-0.53 | $-2.98 | $-1.88 | $-0.70 | — | — | $-2.83 |
| Operating cash flow | $146.6M | $9.1M | $26.5M | -$9.5M | $27.0M | -$55.2M | $110.7M | $341.4M | $6.6M | $79.1M |
| Free cash flow | — | -$9.9M | $8.1M | -$30.2M | $2.9M | -$73.0M | $86.0M | $301.7M | -$25.3M | $50.1M |
| Cash & equivalents | $108.2M | $41.8M | $80.8M | $80.4M | $45.5M | $43.8M | $23.3M | $300.7M | $97.9M | $115.4M |
| Inventory | $16.0M | $20.8M | $22.4M | $18.9M | $17.0M | $9.9M | $10.7M | $21.3M | $12.7M | $9.6M |
| Total assets | $950.1M | $891.1M | $1.0B | $1.2B | $1.1B | $6.7B | $7.0B | $6.5B | $3.2B | $2.8B |
| Total liabilities | $1.2B | $1.0B | $1.2B | $1.2B | $1.1B | $6.1B | $6.5B | $6.3B | $3.0B | $2.7B |
| Shareholders' equity | -$240.1M | -$180.4M | -$165.5M | -$121.3M | -$84.3M | $600.2M | $443.6M | $193.7M | $188.1M | $67.4M |
Growth · year-over-year · Revenue CAGR -2.5%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +12.5% | -22.2% | -13.1% | +35.9% | +68.1% | -33.4% | -45.5% | +21.0% | +4.9% | +39.0% |
| Net income growth | — | — | — | — | — | — | -119.4% | — | — | — |
| Free cash flow growth | — | -222.2% | — | -1141.4% | — | -184.9% | -71.5% | — | -150.5% | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.