INNOVATE Corp. (VATE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 405.9M | 451.5M | 420.6M | 399M | 372.1M | 391.4M | 400.5M | 395.5M | 429.2M | 518.5M | 553.9M | 532.6M | 487.9M | 536.4M | 545.8M | 482.3M | 476.6M | 442.6M | 592.2M | 6.29B |
| Cash & Short-Term Investments | 134.6M | 112.1M | 35.5M | 33.4M | 33.3M | 48.8M | 51M | 80.2M | 38.4M | 80.8M | 55.7M | 28.8M | 16.6M | 80.4M | 25.8M | 25.9M | 28.4M | 45.5M | 55.5M | 18.1M |
| Cash Only | 134.6M | 112.1M | 35.5M | 33.4M | 33.3M | 48.8M | 51M | 80.2M | 38.4M | 80.8M | 55.7M | 28.8M | 16.6M | 80.4M | 25.8M | 25.9M | 28.4M | 45.5M | 55.5M | 18.1M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 241.8M | 309.6M | 349M | 327.8M | 300.3M | 300.9M | 306M | 282.3M | 352.9M | 399.1M | 461.8M | 468.9M | 433.9M | 420M | 483.9M | 423.8M | 415M | 365.7M | 497.5M | 428.3M |
| Days Sales Outstanding | 68.02 | 79.16 | 89.69 | 118.09 | 98.67 | 117.99 | 111.73 | 92.31 | 108.55 | 109.7 | 114.07 | 111.38 | 120.87 | 101.59 | 98.71 | 97.31 | 85.11 | 100.58 | 107.87 | 126.98 |
| Inventory | 15.4M | 16M | 18.1M | 20.7M | 19.7M | 20.8M | 21M | 20.9M | 21.8M | 22.4M | 18.6M | 19.9M | 21.3M | 18.9M | 20.7M | 20.1M | 19.5M | 17M | 17.4M | 5.81B |
| Days Inventory Outstanding | 4.48 | 4.78 | 5.92 | 9.36 | 7.82 | 10.11 | 9.94 | 7.85 | 7.54 | 6.29 | 5.59 | 5.93 | 6.59 | 5.26 | 5.15 | 5.27 | 4.52 | 4.75 | 789.43 | 2.55K |
| Other Current Assets | 3.1M | 13.8M | 7.9M | 8.9M | 9M | 10M | 11.9M | 4.1M | 5.7M | 5M | 17.8M | 15M | 16.1M | 16.8M | 13.5M | 12.5M | 13.7M | 14.4M | 21.8M | 5.84B |
| Total Non-Current Assets | 530.9M | 498.6M | 492.6M | 491.9M | 495.4M | 499.7M | 496.7M | 503.4M | 514.3M | 525.1M | 542.2M | 546.9M | 556.2M | 615.3M | 619.4M | 624.1M | 635.6M | 637.5M | 629.3M | 648.2M |
| Property, Plant & Equipment | 232.1M | 141.8M | 186.4M | 182.1M | 185.6M | 187.3M | 186M | 192.1M | 203.8M | 212.6M | 220.7M | 222.3M | 228.5M | 165M | 233.7M | 232.2M | 237M | 239.5M | 236.3M | 245.5M |
| Fixed Asset Turnover | 1.95x | 2.33x | 1.88x | 1.32x | 1.47x | 1.27x | 1.28x | 1.58x | 1.51x | 1.67x | 1.69x | 1.64x | 1.62x | 2.05x | 1.82x | 1.67x | 1.73x | 1.66x | 1.64x | 1.24x |
| Goodwill | 127.1M | 127M | 126.9M | 126.9M | 126.7M | 126.7M | 127.1M | 127M | 126.9M | 127.1M | 126.8M | 127M | 127M | 127.1M | 126.8M | 127.1M | 127.5M | 127.4M | 122.8M | 121.1M |
| Intangible Assets | 163.7M | 165.2M | 167M | 168.6M | 170.4M | 172.4M | 173.4M | 175.1M | 177.1M | 178.9M | 180.8M | 182.6M | 186.1M | 190.1M | 194.3M | 198.4M | 204.2M | 208.4M | 213.1M | 222M |
| Long-Term Investments | 2.4M | 1.8M | 2.4M | 4.4M | 3.6M | 3.6M | 1.8M | 1.8M | 1.8M | 1.8M | 7M | 7.4M | 7.7M | 59.5M | 46.4M | 60.7M | 62.2M | 44.2M | 49.9M | 53.1M |
| Other Non-Current Assets | 3.6M | 60.8M | 8.3M | 8.3M | 7.5M | 8.1M | 6.4M | 5.5M | 2.8M | 2.7M | 5.3M | 5.9M | 5.2M | 71.9M | 15.5M | 2.9M | 1.6M | 15M | 4.4M | 4.5M |
| Total Assets | 936.8M | 950.1M | 913.2M | 890.9M | 868M | 891.1M | 897.2M | 898.9M | 943.5M | 1.04B | 1.1B | 1.08B | 1.04B | 1.15B | 1.17B | 1.11B | 1.11B | 1.08B | 1.22B | 6.94B |
| Asset Turnover | 0.39x | 0.41x | 0.38x | 0.28x | 0.31x | 0.26x | 0.27x | 0.34x | 0.32x | 0.34x | 0.35x | 0.35x | 0.29x | 0.35x | 0.37x | 0.35x | 0.38x | 0.34x | 0.10x | 0.04x |
| Asset Growth % | 7.93% | 6.62% | 1.78% | -0.89% | -8% | -14.61% | -18.15% | -16.73% | -9.64% | -9.39% | -5.93% | -2.43% | -6.12% | 6.58% | -4.61% | -84.05% | -82.64% | -83.93% | -81.74% | 4.56% |
| Total Current Liabilities | 1.02B | 1.03B | 974.3M | 873.1M | 847.6M | 483.7M | 469.8M | 289.3M | 349M | 444.6M | 557.7M | 618.9M | 374.5M | 417.2M | 498.1M | 461.7M | 441.5M | 439.5M | 533.4M | 5.73B |
| Accounts Payable | 130.2M | 141.4M | 99.9M | 80.2M | 104.7M | 84.8M | 83.7M | 90.4M | 122.9M | 142.9M | 149.2M | 188.7M | 167M | 202.5M | 213M | 182.4M | 200.4M | 179.2M | 183.2M | 135.1M |
| Days Payables Outstanding | 38.74 | 33.82 | 27.46 | 42.84 | 36.58 | 40.75 | 41.28 | 39.21 | 45.36 | 44.8 | 49.09 | 51.18 | 60.62 | 55.18 | 49.89 | 50.94 | 47.06 | 50.05 | 43.1 | 45.04 |
| Short-Term Debt | 624.7M | 594.3M | 584.5M | 477.5M | 523.5M | 162.2M | 189.2M | 50.2M | 34.2M | 30.5M | 162.8M | 222.4M | 32.9M | 30.6M | 81.4M | 90.1M | 97.2M | 69.5M | 71.1M | 70.2M |
| Deferred Revenue (Current) | 157.3M | 0 | 175.5M | 172.8M | 95.3M | 109.1M | 85.5M | 72.8M | 125.4M | 153.5M | 162.2M | 117.3M | 104.9M | 98.6M | 95.4M | 93.3M | 55.1M | 79.1M | 161.4M | 146.8M |
| Other Current Liabilities | 77.7M | 297.8M | 81.9M | 31.8M | 27.3M | 38.4M | 35.3M | 33.4M | 29.3M | 31.8M | 3.2M | 2.8M | 9.1M | 37.2M | 20.1M | 62.2M | 52.4M | 18.3M | 18M | 5.28B |
| Current Ratio | 0.40x | 0.44x | 0.43x | 0.46x | 0.44x | 0.81x | 0.85x | 1.37x | 1.23x | 1.17x | 0.99x | 0.86x | 1.30x | 1.29x | 1.10x | 1.04x | 1.08x | 1.01x | 1.11x | 1.10x |
| Quick Ratio | 0.38x | 0.42x | 0.41x | 0.43x | 0.42x | 0.77x | 0.81x | 1.29x | 1.17x | 1.12x | 0.96x | 0.83x | 1.25x | 1.24x | 1.05x | 1.00x | 1.04x | 0.97x | 1.08x | 0.08x |
| Cash Conversion Cycle | 33.76 | 50.12 | 68.15 | 84.62 | 69.9 | 87.35 | 80.39 | 60.95 | 70.73 | 71.18 | 70.57 | 66.13 | 66.85 | 51.67 | 53.97 | 51.64 | 42.57 | 55.28 | 854.2 | 2.63K |
| Total Non-Current Liabilities | 149.2M | 131.3M | 146.6M | 225M | 205.4M | 567.2M | 568.8M | 735.9M | 768.9M | 751.7M | 673.6M | 588.7M | 787.7M | 764.1M | 695.7M | 663.8M | 673.8M | 648M | 672.5M | 683.9M |
| Long-Term Debt | 68.8M | 80.3M | 97.3M | 160.1M | 139.9M | 500.6M | 502.4M | 638.3M | 641.5M | 679.3M | 586.8M | 519.6M | 664.3M | 683.8M | 627.9M | 594.1M | 601M | 556.8M | 602.8M | 606.3M |
| Capital Lease Obligations | 72M | 42.9M | 41.9M | 39.5M | 41.9M | 43.5M | 43.1M | 39M | 46.8M | 48.6M | 51.2M | 51M | 53.6M | 53.8M | 53.2M | 55M | 58.4M | 58.5M | 56.7M | 60.4M |
| Deferred Tax Liabilities | 4.7M | 4.7M | 4.3M | 4.5M | 4.5M | 4.4M | 4.3M | 4.3M | 4.2M | 4.1M | 3.7M | 3.8M | 3.7M | 9.1M | 10.2M | 9.9M | 9.5M | 9.1M | 8M | 7M |
| Other Non-Current Liabilities | 3.7M | 3.4M | 3.1M | 20.9M | 19.1M | 18.7M | 19M | 54.3M | 76.4M | 19.7M | 31.9M | 14.3M | 66.1M | 17.4M | 4.4M | 4.8M | 4.9M | 23.6M | 5M | 10.2M |
| Total Liabilities | 1.17B | 1.17B | 1.12B | 1.1B | 1.05B | 1.05B | 1.04B | 1.03B | 1.12B | 1.2B | 1.23B | 1.21B | 1.16B | 1.18B | 1.19B | 1.13B | 1.12B | 1.09B | 1.21B | 6.42B |
| Total Debt | 765.5M | 717.5M | 723.7M | 689.9M | 718.2M | 719.2M | 747.7M | 739.8M | 736M | 771.9M | 814.7M | 807.4M | 766.4M | 785.3M | 762.5M | 739.2M | 756.6M | 684.8M | 730.6M | 736.9M |
| Net Debt | 630.9M | 605.4M | 688.2M | 656.5M | 684.9M | 670.4M | 696.7M | 659.6M | 697.6M | 691.1M | 759M | 778.6M | 749.8M | 704.9M | 736.7M | 713.3M | 728.2M | 639.3M | 675.1M | 718.8M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 46.83x | 1.42x |
| Debt / EBITDA | 41.38x | 31.47x | 49.57x | 56.09x | 58.39x | 67.85x | 53.41x | 19.94x | 65.71x | 34.61x | 44.04x | 52.09x | 123.61x | 46.47x | 44.08x | 73.19x | 66.96x | 37.02x | 54.93x | - |
| Net Debt / EBITDA | 34.10x | 26.55x | 47.14x | 53.37x | 55.68x | 63.25x | 49.76x | 17.78x | 62.29x | 30.99x | 41.03x | 50.23x | 120.94x | 41.71x | 42.58x | 70.62x | 64.44x | 34.56x | 50.76x | - |
| Interest Coverage | 0.45x | 0.63x | 0.30x | 0.21x | 0.22x | 0.24x | 0.28x | 1.69x | 0.16x | 0.76x | 0.63x | 0.36x | -0.26x | 0.89x | 0.50x | 0.09x | 0.06x | 0.72x | -0.10x | -0.70x |
| Total Equity | -232.2M | -215.3M | -207.7M | -207.2M | -185M | -159.8M | -141.4M | -126.3M | -174.4M | -152.7M | -135.2M | -128.1M | -118.1M | -29.6M | -28.6M | -19.1M | -3.1M | -6.9M | 15.6M | 517.7M |
| Equity Growth % | -25.51% | -34.73% | -46.89% | -64.05% | -6.08% | -4.65% | -4.59% | 1.41% | -47.67% | -415.88% | -372.73% | -570.68% | -3709.68% | -328.99% | -283.33% | -103.69% | -100.72% | -101.12% | -96.42% | 34.85% |
| Book Value per Share | -17.40 | -16.14 | -15.66 | -15.76 | -14.11 | -12.22 | -10.91 | -8.76 | -22.16 | -19.45 | -17.24 | -16.44 | -15.20 | -3.81 | -3.69 | -2.46 | -0.40 | -0.89 | 2.02 | 67.23 |
| Total Shareholders' Equity | -246.8M | -230.8M | -224.2M | -224.8M | -204.2M | -180.4M | -163.1M | -149M | -184.4M | -165.5M | -157.9M | -150.9M | -141.1M | -103.7M | -100.5M | -92.5M | -77.4M | -84.3M | -63.1M | 488.3M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 100K | 0 | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K |
| Retained Earnings | -599.3M | -582.5M | -575.1M | -566.2M | -546.4M | -521.9M | -505.3M | -490.3M | -504.7M | -487.3M | -478M | -471M | -461.1M | -452.1M | -446.4M | -441M | -428.6M | -416.2M | -411.5M | -199.6M |
| Treasury Stock | -5.6M | -5.6M | -5.6M | -5.6M | -5.5M | -5.4M | -5.4M | -5.4M | -5.4M | -5.4M | -5.4M | -5.4M | -5.4M | -5.3M | -5.2M | -5.2M | -5.2M | -5.2M | -5.2M | -5.2M |
| Accumulated OCI | -1.8M | -2.1M | -2.4M | -2.2M | -3M | -3.2M | -800K | -1.7M | -2.1M | -1.1M | -2.4M | -1.6M | -1.5M | 5.9M | 2.9M | 4.7M | 7M | 6.4M | 3.2M | 338.2M |
| Minority Interest | 14.6M | 15.5M | 16.5M | 17.6M | 19.2M | 20.6M | 21.7M | 22.7M | 10M | 12.8M | 22.7M | 22.8M | 23M | 74.1M | 71.9M | 73.4M | 74.3M | 77.4M | 78.7M | 29.4M |