vs
Side-by-side financial comparison of Five9, Inc. (FIVN) and INNOVATE Corp. (VATE). Click either name above to swap in a different company.
INNOVATE Corp. is the larger business by last-quarter revenue ($382.7M vs $300.3M, roughly 1.3× Five9, Inc.). On growth, INNOVATE Corp. posted the faster year-over-year revenue change (61.7% vs 7.8%). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs 10.2%).
Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.
Innovate Corp. is an American public financial services company founded in 1994.
FIVN vs VATE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $300.3M | $382.7M |
| Net Profit | — | $-7.4M |
| Gross Margin | 55.4% | 15.4% |
| Operating Margin | 6.6% | 3.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | 7.8% | 61.7% |
| Net Profit YoY | — | 55.4% |
| EPS (diluted) | $0.22 | $-0.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $300.3M | $382.7M | ||
| Q3 25 | $285.8M | $347.1M | ||
| Q2 25 | $283.3M | $242.0M | ||
| Q1 25 | $279.7M | $274.2M | ||
| Q4 24 | $278.7M | $236.6M | ||
| Q3 24 | $264.2M | $242.2M | ||
| Q2 24 | $252.1M | $313.1M | ||
| Q1 24 | $247.0M | $315.2M |
| Q4 25 | — | $-7.4M | ||
| Q3 25 | $18.0M | $-8.9M | ||
| Q2 25 | $1.2M | $-19.8M | ||
| Q1 25 | $576.0K | $-24.5M | ||
| Q4 24 | — | $-16.6M | ||
| Q3 24 | $-4.5M | $-15.0M | ||
| Q2 24 | $-12.8M | $14.4M | ||
| Q1 24 | $-7.1M | $-17.4M |
| Q4 25 | 55.4% | 15.4% | ||
| Q3 25 | 55.0% | 14.3% | ||
| Q2 25 | 54.9% | 18.8% | ||
| Q1 25 | 55.0% | 16.6% | ||
| Q4 24 | 56.0% | 19.6% | ||
| Q3 24 | 53.8% | 19.9% | ||
| Q2 24 | 53.0% | 21.0% | ||
| Q1 24 | 53.6% | 15.4% |
| Q4 25 | 6.6% | 3.7% | ||
| Q3 25 | 5.6% | 1.8% | ||
| Q2 25 | -0.6% | 2.0% | ||
| Q1 25 | -1.9% | 1.2% | ||
| Q4 24 | 1.5% | 1.1% | ||
| Q3 24 | -5.8% | 2.4% | ||
| Q2 24 | -7.7% | 9.2% | ||
| Q1 24 | -8.4% | 0.9% |
| Q4 25 | — | -1.9% | ||
| Q3 25 | 6.3% | -2.6% | ||
| Q2 25 | 0.4% | -8.2% | ||
| Q1 25 | 0.2% | -8.9% | ||
| Q4 24 | — | -7.0% | ||
| Q3 24 | -1.7% | -6.2% | ||
| Q2 24 | -5.1% | 4.6% | ||
| Q1 24 | -2.9% | -5.5% |
| Q4 25 | $0.22 | $-0.57 | ||
| Q3 25 | $0.21 | $-0.71 | ||
| Q2 25 | $0.01 | $-1.67 | ||
| Q1 25 | $0.01 | $-1.89 | ||
| Q4 24 | $0.16 | $-0.72 | ||
| Q3 24 | $-0.06 | $-1.18 | ||
| Q2 24 | $-0.17 | $1.03 | ||
| Q1 24 | $-0.10 | $-2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $232.1M | $112.1M |
| Total DebtLower is stronger | — | $80.3M |
| Stockholders' EquityBook value | $785.8M | $-240.1M |
| Total Assets | $1.8B | $950.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $232.1M | $112.1M | ||
| Q3 25 | $193.4M | $35.5M | ||
| Q2 25 | $205.5M | $33.4M | ||
| Q1 25 | $370.3M | $33.3M | ||
| Q4 24 | $362.5M | $48.8M | ||
| Q3 24 | $291.0M | $51.0M | ||
| Q2 24 | $175.7M | $80.2M | ||
| Q1 24 | $240.2M | $38.4M |
| Q4 25 | — | $80.3M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $160.1M | ||
| Q1 25 | — | $139.9M | ||
| Q4 24 | — | $500.6M | ||
| Q3 24 | — | $502.4M | ||
| Q2 24 | — | $638.3M | ||
| Q1 24 | — | $641.5M |
| Q4 25 | $785.8M | $-240.1M | ||
| Q3 25 | $775.3M | $-233.3M | ||
| Q2 25 | $717.4M | $-224.8M | ||
| Q1 25 | $664.3M | $-204.2M | ||
| Q4 24 | $622.2M | $-180.4M | ||
| Q3 24 | $565.6M | $-163.1M | ||
| Q2 24 | $525.9M | $-149.0M | ||
| Q1 24 | $483.6M | $-184.4M |
| Q4 25 | $1.8B | $950.1M | ||
| Q3 25 | $1.8B | $913.2M | ||
| Q2 25 | $1.7B | $890.9M | ||
| Q1 25 | $2.1B | $868.0M | ||
| Q4 24 | $2.1B | $891.1M | ||
| Q3 24 | $2.0B | $897.2M | ||
| Q2 24 | $1.9B | $898.9M | ||
| Q1 24 | $1.9B | $943.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $83.6M | $101.1M |
| Free Cash FlowOCF − Capex | $77.3M | — |
| FCF MarginFCF / Revenue | 25.8% | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $201.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.6M | $101.1M | ||
| Q3 25 | $59.2M | $19.2M | ||
| Q2 25 | $35.1M | $40.4M | ||
| Q1 25 | $48.4M | $-14.1M | ||
| Q4 24 | $49.8M | $41.4M | ||
| Q3 24 | $41.1M | $-28.4M | ||
| Q2 24 | $19.9M | $21.5M | ||
| Q1 24 | $32.4M | $-25.4M |
| Q4 25 | $77.3M | — | ||
| Q3 25 | $48.7M | $19.0M | ||
| Q2 25 | $31.6M | — | ||
| Q1 25 | $43.7M | $-18.8M | ||
| Q4 24 | $40.5M | $34.2M | ||
| Q3 24 | $26.7M | $-31.5M | ||
| Q2 24 | $13.1M | $18.4M | ||
| Q1 24 | $20.4M | $-31.0M |
| Q4 25 | 25.8% | — | ||
| Q3 25 | 17.0% | 5.5% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 15.6% | -6.9% | ||
| Q4 24 | 14.5% | 14.5% | ||
| Q3 24 | 10.1% | -13.0% | ||
| Q2 24 | 5.2% | 5.9% | ||
| Q1 24 | 8.3% | -9.8% |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 3.7% | 0.1% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 3.3% | 3.0% | ||
| Q3 24 | 5.4% | 1.3% | ||
| Q2 24 | 2.7% | 1.0% | ||
| Q1 24 | 4.8% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | 3.29× | — | ||
| Q2 25 | 30.38× | — | ||
| Q1 25 | 84.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.49× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIVN
Segment breakdown not available.
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
