INNOVATE Corp. financial data

Symbol
VATE on NYSE
Industry
Fabricated Structural Metal Products
Location
295 Madison Avenue, 12 Th Floor, New York, NY
State of incorporation
DE
Fiscal year end
December 31
Former names
HC2 Holdings, Inc. (to 9/10/2021), HC2 HOLDINGS, INC. (to 9/10/2021), PTGi HOLDING, INC. (to 4/11/2014), PRIMUS TELECOMMUNICATIONS GROUP INC (to 10/18/2013)
Latest financial report
10-K - Q4 2024 - Mar 31, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 102 % -4.42%
Quick Ratio 5.32 % +27%
Debt-to-equity -612 % +20.7%
Return On Equity 23.1 % -12.6%
Return On Assets -3.81 % -15.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 13.3M shares -83.2%
Common Stock, Shares, Outstanding 13.3M shares +67.4%
Entity Public Float 32.3M USD -62.6%
Common Stock, Value, Issued 0 USD
Weighted Average Number of Shares Outstanding, Basic 10.7M shares +36.9%
Weighted Average Number of Shares Outstanding, Diluted 10.7M shares +36.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 242M USD -35.5%
Revenue from Contract with Customer, Excluding Assessed Tax 1.23B USD -16.3%
Cost of Revenue 898M USD -25.6%
Operating Income (Loss) 40M USD +50.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -33.4M USD +2.91%
Income Tax Expense (Benefit) 6.3M USD +40%
Net Income (Loss) Attributable to Parent -34.6M USD +1.71%
Earnings Per Share, Basic -3.08 USD/shares +36%
Earnings Per Share, Diluted -3.08 USD/shares +36%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 48.8M USD -39.6%
Accounts Receivable, after Allowance for Credit Loss, Current 194M USD -30.3%
Inventory, Net 20.8M USD -7.14%
Other Assets, Current 21M USD +18.6%
Assets, Current 391M USD -24.5%
Deferred Income Tax Assets, Net 1.6M USD -20%
Operating Lease, Right-of-Use Asset 53.7M USD -7.41%
Intangible Assets, Net (Excluding Goodwill) 172M USD -3.63%
Goodwill 127M USD -0.32%
Other Assets, Noncurrent 62.3M USD +1.63%
Assets 891M USD -14.6%
Accrued Liabilities, Current 110M USD +54.9%
Contract with Customer, Liability, Current 109M USD -28.9%
Liabilities, Current 483M USD +16.7%
Long-term Debt and Lease Obligation 501M USD -26.3%
Deferred Income Tax Liabilities, Net 4.4M USD +7.32%
Operating Lease, Liability, Noncurrent 43.5M USD -10.5%
Other Liabilities, Noncurrent 46.8M USD -43.4%
Liabilities 1.03B USD -12.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -3.2M USD -191%
Retained Earnings (Accumulated Deficit) -522M USD -7.1%
Stockholders' Equity Attributable to Parent -180M USD -9%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -159M USD -5.01%
Liabilities and Equity 891M USD -14.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -25.4M USD +67%
Net Cash Provided by (Used in) Financing Activities -12.9M USD +66.1%
Net Cash Provided by (Used in) Investing Activities -3.3M USD -106%
Common Stock, Shares Authorized 250M shares +56.3%
Common Stock, Shares, Issued 13.4M shares +66.1%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -42.4M USD +34%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 49.3M USD -40.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 19.6M USD +0.51%
Deferred Tax Assets, Valuation Allowance 129M USD +16.4%
Deferred Tax Assets, Gross 191M USD +7.32%
Operating Lease, Liability 56.4M USD -9.18%
Depreciation 25M USD +0.4%
Payments to Acquire Property, Plant, and Equipment 5.6M USD +51.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -36.7M USD +13%
Lessee, Operating Lease, Liability, to be Paid 69.5M USD -8.31%
Operating Lease, Liability, Current 12.9M USD -4.44%
Lessee, Operating Lease, Liability, to be Paid, Year Two 12M USD -7.69%
Lessee, Operating Lease, Liability, to be Paid, Year One 15.6M USD -5.46%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) 100K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 13.1M USD -4.38%
Lessee, Operating Lease, Liability, to be Paid, Year Three 9.4M USD -2.08%
Deferred Tax Assets, Operating Loss Carryforwards 79.2M USD +6.02%
Preferred Stock, Shares Authorized 20M shares 0%
Unrecognized Tax Benefits 17.6M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 6.9M USD -4.17%
Operating Lease, Payments 19.3M USD -15.4%
Amortization of Intangible Assets 7.9M USD -28.8%
Depreciation, Depletion and Amortization 8.4M USD -17.6%
Share-based Payment Arrangement, Expense 3.4M USD +54.5%
Interest Expense 69.8M USD +26.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%