INNOVATE Corp. Income Statement
VATE|14 years of annual SEC 10-K data (FY2012-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
INNOVATE Corp. reported $1.1B in revenue and $35M in net loss for FY2025. Revenue has grown at a 11.1% compound annual rate over the past 13 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.77 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.6B | $1.2B | $716.9M | $1.1B | $2.0B | $1.6B | $1.1B | $547.4M | $230.7M | $303.0M | $412.0M | $282.0M |
| Cost of Revenue | $898.3M | $1.2B | $1.4B | $1.0B | $588.5M | $596.0M | $1.6B | $1.3B | $982.6M | $296.5M | $0 | $41.1M | $389.4M | $134.9M |
| Gross Profit | $208.8M | $216.0M | $221.4M | $183.7M | $128.4M | - | - | - | - | - | - | - | - | - |
| SG&A Expense | $160.2M | $168.0M | $180.1M | $168.3M | $145.5M | $177.3M | $218.4M | $152.9M | $108.5M | $80.2M | $34.7M | $45.2M | $42.3M | $113.0M |
| Operating Income | $40.0M | $26.5M | $13.4M | -$10.6M | -$28.3M | $25.3M | -$55.8M | -$1.5M | $713.0K | -$14.0M | -$39.1M | -$51.9M | -$41.2M | -$5.9M |
| Interest Expense | - | - | $52.0M | $59.1M | $74.8M | $76.1M | $75.7M | $43.4M | $39.0M | $12.3M | $8.0K | $27.0K | $94.0K | $35.3M |
| Income Tax | $6.3M | $4.5M | $900.0K | $5.6M | $7.0M | -$19.6M | $2.4M | $51.6M | -$10.9M | -$22.9M | -$7.4M | -$3.1M | $1.1M | -$6.5M |
| Net Income | -$34.6M | -$35.2M | -$35.9M | -$227.5M | -$92.0M | -$31.5M | $162.0M | -$94.5M | -$35.6M | -$14.4M | $111.6M | $27.9M | -$38.7M | -$19.1M |
| EPS (Basic) | -$3.08 | -$4.81 | -$0.53 | -$2.98 | -$1.88 | -$0.70 | - | - | - | -$0.83 | $7.95 | $2.02 | -$2.98 | -$1.96 |
| EPS (Diluted) | -$3.08 | -$4.81 | -$0.53 | -$2.98 | -$1.88 | -$0.70 | - | - | -$1.50 | -$0.83 | $7.95 | $2.02 | -$2.98 | -$1.96 |
| Shares Outstanding | 130.5M | 7.9M | 78.8M | 77.8M | 76.7M | 46.1M | 44.9M | 44.2M | 41.8M | 35.2M | 23.8M | 14.2M | 9.8M | 9.6M |
| Gross Margin | 18.9% | 15.2% | 13.5% | 15.2% | 17.9% | - | - | - | - | - | - | - | - | - |
| Operating Margin | 3.6% | 1.9% | 0.8% | -0.9% | -4.0% | 2.4% | -2.8% | -0.1% | 0.1% | -2.6% | -17.0% | -17.1% | -10.0% | -2.1% |
| Profit Margin | -3.1% | -2.5% | -2.2% | -18.9% | -12.8% | -2.9% | 8.2% | -6.1% | -3.2% | -2.6% | 48.4% | 9.2% | -9.4% | -6.8% |