INNOVATE Corp. (VATE) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 364.8M | 382.7M | 347.1M | 242M | 274.2M | 236.6M | 242.2M | 313.1M | 315.2M | 361M | 375.3M | 368.8M | 317.9M | 409.3M | 423M | 392.2M | 412.8M | 394.8M | 394.8M | 243.8M |
| Revenue Growth % | 33.04% | 61.75% | 43.31% | -22.71% | -13.01% | -34.46% | -35.47% | -15.1% | -0.85% | -11.8% | -11.28% | -5.97% | -22.99% | 3.67% | 7.14% | 60.87% | 140.28% | 288.63% | 131.55% | 34.1% |
| Cost of Goods Sold | 315.5M | 328.2M | 301.7M | 196.4M | 233.1M | 190.2M | 194M | 247.5M | 266.6M | 299.9M | 316.6M | 316.2M | 274.3M | 346.4M | 364.6M | 341.9M | 363M | 333.1M | 339.7M | 207.4M |
| COGS % of Revenue | 86.49% | 85.76% | 86.92% | 81.16% | 85.01% | 80.39% | 80.1% | 79.05% | 84.58% | 83.07% | 84.36% | 85.74% | 86.28% | 84.63% | 86.19% | 87.17% | 87.94% | 84.37% | 86.04% | 85.07% |
| Gross Profit | 49.3M | 54.5M | 45.4M | 45.6M | 41.1M | 46.4M | 48.2M | 65.6M | 48.6M | 61.1M | 58.7M | 52.6M | 43.6M | 62.9M | 58.4M | 50.3M | 49.8M | 61.7M | 55.1M | 36.4M |
| Gross Margin % | 13.51% | 14.24% | 13.08% | 18.84% | 14.99% | 19.61% | 19.9% | 20.95% | 15.42% | 16.93% | 15.64% | 14.26% | 13.71% | 15.37% | 13.81% | 12.83% | 12.06% | 15.63% | 13.96% | 14.93% |
| Gross Profit Growth % | 19.95% | 17.46% | -5.81% | -30.49% | -15.43% | -24.06% | -17.89% | 24.71% | 11.47% | -2.86% | 0.51% | 4.57% | -12.45% | 1.94% | 5.99% | 38.19% | 63.28% | 80.94% | 73.82% | 22.56% |
| Operating Expenses | 38.2M | 39.3M | 38.3M | 40.7M | 36.7M | 43.9M | 42.3M | 36.8M | 45.8M | 47.1M | 48M | 46.8M | 47.6M | 56.4M | 51.8M | 50.7M | 49.1M | 54.8M | 54M | 44.1M |
| OpEx % of Revenue | 10.47% | 10.27% | 11.03% | 16.82% | 13.38% | 18.55% | 17.46% | 11.75% | 14.53% | 13.05% | 12.79% | 12.69% | 14.97% | 13.78% | 12.25% | 12.93% | 11.89% | 13.88% | 13.68% | 18.09% |
| Selling, General & Admin | 38.2M | 39.3M | 38.3M | 0 | 36.7M | 40.4M | 0 | 42.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44.3M | 39.5M |
| SG&A % of Revenue | 10.47% | 10.27% | 11.03% | - | 13.38% | 17.08% | - | 13.7% | - | - | - | - | - | - | - | - | - | - | 11.22% | 16.2% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 11.1M | 15.2M | 7.1M | 4.9M | 4.4M | 2.5M | 5.9M | 28.8M | 2.8M | 14M | 10.7M | 5.8M | -4M | 6.5M | 6.6M | -400K | 700K | 6.9M | 1.1M | -7.7M |
| Operating Margin % | 3.04% | 3.97% | 2.05% | 2.02% | 1.6% | 1.06% | 2.44% | 9.2% | 0.89% | 3.88% | 2.85% | 1.57% | -1.26% | 1.59% | 1.56% | -0.1% | 0.17% | 1.75% | 0.28% | -3.16% |
| Operating Income Growth % | 152.27% | 508% | 20.34% | -82.99% | 57.14% | -82.14% | -44.86% | 396.55% | 170% | 115.38% | 62.12% | 1550% | -671.43% | -5.8% | 500% | 94.81% | 106.42% | -65.33% | 106.83% | 13.48% |
| EBITDA | 18.5M | 22.8M | 14.6M | 12.3M | 12.3M | 10.6M | 14M | 37.1M | 11.2M | 22.3M | 18.5M | 15.5M | 6.2M | 16.9M | 17.3M | 10.1M | 11.3M | 18.5M | 13.3M | -100K |
| EBITDA Margin % | 5.07% | 5.96% | 4.21% | 5.08% | 4.49% | 4.48% | 5.78% | 11.85% | 3.55% | 6.18% | 4.93% | 4.2% | 1.95% | 4.13% | 4.09% | 2.58% | 2.74% | 4.69% | 3.37% | -0.04% |
| EBITDA Growth % | 50.41% | 115.09% | 4.29% | -66.85% | 9.82% | -52.47% | -24.32% | 139.35% | 80.65% | 31.95% | 6.94% | 53.47% | -45.13% | -8.65% | 30.08% | 10200% | 340.43% | 25% | 243.01% | 95.45% |
| D&A (Non-Cash Add-back) | 7.4M | 7.6M | 7.5M | 7.4M | 7.9M | 8.1M | 8.1M | 8.3M | 8.4M | 8.3M | 7.8M | 9.7M | 10.2M | 10.4M | 10.7M | 10.5M | 10.6M | 11.6M | 12.2M | 7.6M |
| EBIT | 11.1M | 15.2M | 7.1M | 4.6M | 4.4M | 4.7M | 5.9M | 27.9M | 2.8M | 14.6M | 10.7M | 5.8M | -4M | 12.1M | 6.6M | 1.1M | 800K | 9M | -1.3M | -8.7M |
| Net Interest Income | -24.1M | -23.9M | -23.3M | -21.4M | -19.8M | -17M | -21.2M | -16.5M | -17.2M | -19.2M | -17.1M | -16.3M | -15.6M | -13.6M | -13.3M | -12.5M | -12.6M | -12.5M | -12.8M | -12.4M |
| Interest Income | 400K | 100K | 100K | 0 | 400K | 2.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 24.5M | 24M | 23.4M | 21.4M | 20.2M | 19.6M | 21.2M | 16.5M | 17.2M | 19.2M | 17.1M | 16.3M | 15.6M | 13.6M | 13.3M | 12.5M | 12.6M | 12.5M | 12.8M | 12.4M |
| Other Income/Expense | -25.3M | -24.5M | -23.8M | -21.7M | -23.1M | -17.4M | -19M | -17.4M | -19.6M | -23.3M | -18.2M | -16.3M | -3.1M | -14.5M | -15.3M | -11.5M | -13.2M | -10.6M | -15.2M | -13.4M |
| Pretax Income | -14.2M | -9.3M | -16.7M | -16.8M | -18.7M | -14.9M | -13.1M | 11.4M | -16.8M | -9.3M | -7.5M | -10.5M | -7.1M | -8M | -8.7M | -11.9M | -12.5M | -3.7M | -14.1M | -21.1M |
| Pretax Margin % | -3.89% | -2.43% | -4.81% | -6.94% | -6.82% | -6.3% | -5.41% | 3.64% | -5.33% | -2.58% | -2% | -2.85% | -2.23% | -1.95% | -2.06% | -3.03% | -3.03% | -0.94% | -3.57% | -8.65% |
| Income Tax | 2.9M | -1.7M | -7.1M | 4.2M | 7.1M | 2.4M | 3.1M | -2.5M | 3.3M | 1.3M | 1.1M | 1.2M | 900K | -700K | -2M | 2M | 1.6M | 1.8M | 100K | 2.6M |
| Effective Tax Rate % | -20.42% | 18.28% | 42.51% | -25% | -37.97% | -16.11% | -23.66% | -21.93% | -19.64% | -13.98% | -14.67% | -11.43% | -12.68% | 8.75% | 22.99% | -16.81% | -12.8% | -48.65% | -0.71% | -12.32% |
| Net Income | -16.8M | -7.4M | -8.9M | -19.8M | -24.5M | -16.6M | -15M | 14.4M | -17.4M | -9.3M | -7M | -9.9M | -9M | -5.7M | -5.4M | -12.4M | -12.4M | -4.7M | -211.9M | -23.5M |
| Net Margin % | -4.61% | -1.93% | -2.56% | -8.18% | -8.94% | -7.02% | -6.19% | 4.6% | -5.52% | -2.58% | -1.87% | -2.68% | -2.83% | -1.39% | -1.28% | -3.16% | -3% | -1.19% | -53.67% | -9.64% |
| Net Income Growth % | 31.43% | 55.42% | 40.67% | -237.5% | -40.8% | -78.49% | -114.29% | 245.45% | -93.33% | -63.16% | -29.63% | 20.16% | 27.42% | -21.28% | 97.45% | 47.23% | -198.41% | 0% | -1124.86% | -279.39% |
| Net Income (Continuing) | -17.1M | -7.6M | -9.6M | -21M | -25.8M | -17.3M | -16.2M | 13.9M | -20.1M | -10.6M | -8.6M | -11.7M | -8M | -7.3M | -6.7M | -13.9M | -14.1M | -5.5M | -14.2M | -23.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K |
| 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 |
| EPS (Diluted) | -1.29 | -0.58 | -0.71 | -1.67 | -1.89 | -1.29 | -1.16 | 0.98 | -2.25 | -1.22 | -0.93 | -1.35 | -1.16 | -0.90 | -0.85 | -1.75 | -1.76 | -0.67 | -1.65 | -2.88 |
| EPS Growth % | 31.75% | 55.04% | 38.79% | -270.41% | 16% | -5.74% | -24.73% | 172.59% | -93.97% | -35.56% | -9.41% | 22.86% | 34.09% | -34.33% | 48.48% | 39.24% | 66.35% | 69.68% | 69.67% | -400% |
| EPS (Basic) | -1.29 | -0.58 | -0.71 | -1.67 | -1.89 | -1.29 | -1.16 | 1.58 | -2.25 | -1.22 | -0.93 | -1.35 | -1.16 | -0.90 | -0.85 | -1.80 | -1.76 | -0.67 | -1.65 | -2.90 |
| Diluted Shares Outstanding | 13.34M | 13.34M | 13.26M | 13.15M | 13.11M | 13.08M | 12.97M | 14.43M | 7.87M | 7.85M | 7.84M | 7.79M | 7.77M | 7.76M | 7.76M | 7.75M | 7.73M | 7.73M | 7.72M | 7.7M |
| Basic Shares Outstanding | 13.34M | 13.34M | 13.26M | 13.15M | 13.11M | 13.08M | 12.97M | 8.92M | 7.87M | 7.85M | 7.84M | 7.79M | 7.77M | 7.76M | 7.76M | 7.56M | 7.73M | 7.73M | 7.72M | 7.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 2.08% | - | - | - | - | - | - | - | - | - | - | - | - |