INNOVATE Corp.VATEEarnings & Financial Report
Innovate Corp. is an American public financial services company founded in 1994.
Revenue
$347.1M
Gross Profit
$49.7M
Operating Profit
$6.1M
Net Profit
$-8.9M
Gross Margin
14.3%
Operating Margin
1.8%
Net Margin
-2.6%
YoY Growth
43.3%
EPS
$-0.71
INNOVATE Corp. Q3 FY2025 Financial Summary
INNOVATE Corp. reported revenue of $347.1M (up 43.3% YoY) for Q3 FY2025, with a net profit of $-8.9M (up 40.7% YoY) (-2.6% margin). Cost of goods sold was $297.4M, operating expenses totaled $43.6M.
Key Financial Metrics
| Total Revenue | $347.1M |
|---|---|
| Net Profit | $-8.9M |
| Gross Margin | 14.3% |
| Operating Margin | 1.8% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
INNOVATE Corp. Q3 FY2025 revenue of $347.1M breaks down across 4 segments, led by Infrastructure Segment at $338.4M (97.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Infrastructure Segment | $338.4M | 97.5% |
| Broadcast Station Revenue | $5.6M | 1.6% |
| Systems And Consumables Revenue | $3.1M | 0.9% |
| Leisure Revenue | $1.7M | 0.5% |
INNOVATE Corp. Revenue by Segment — Quarterly Trend
INNOVATE Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Infrastructure Segment and Broadcast Station Revenue) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Infrastructure Segment | — | $338.4M | — | — |
| Broadcast Station Revenue | $5.7M | $5.6M | $5.7M | $6.2M |
| Systems And Consumables Revenue | $3.1M | $3.1M | $3.2M | $3.1M |
| Leisure Revenue | $200.0K | $1.7M | $4.5M | $6.6M |
INNOVATE Corp. Annual Revenue by Year
INNOVATE Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.1B |
| 2023 | $1.4B |
| 2022 | $1.6B |
INNOVATE Corp. Quarterly Revenue & Net Profit History
INNOVATE Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $382.7M | +61.7% | $-7.4M | -1.9% |
| Q3 FY2025 | $347.1M | +43.3% | $-8.9M | -2.6% |
| Q2 FY2025 | $242.0M | -22.7% | $-19.8M | -8.2% |
| Q1 FY2025 | $274.2M | -13.0% | $-24.5M | -8.9% |
| Q4 FY2024 | $236.6M | -34.5% | $-16.6M | -7.0% |
| Q3 FY2024 | $242.2M | -35.5% | $-15.0M | -6.2% |
| Q2 FY2024 | $313.1M | -15.1% | $14.4M | 4.6% |
| Q1 FY2024 | $315.2M | -0.8% | $-17.4M | -5.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $315.2M | $313.1M | $242.2M | $236.6M | $274.2M | $242.0M | $347.1M | $382.7M |
| YoY Growth | -0.8% | -15.1% | -35.5% | -34.5% | -13.0% | -22.7% | 43.3% | 61.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $943.5M | $898.9M | $897.2M | $891.1M | $868.0M | $890.9M | $913.2M | $950.1M |
| Liabilities | $1.08B | $1.01B | $1.02B | $1.03B | $1.04B | $1.08B | $1.12B | $1.17B |
| Equity | $-184.4M | $-149.0M | $-163.1M | $-180.4M | $-204.2M | $-224.8M | $-233.3M | $-240.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-25.4M | $21.5M | $-28.4M | $41.4M | $-14.1M | $40.4M | $19.2M | $101.1M |