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Innovate VATE Q1 2026 earnings

Reported May 14, 2026 · After market close

Revenue$364.8MBeat by $113.1M
EPS-$1.29Beat by $0.89
Revenue estimate$251.7M
EPS estimate-$2.18

Next report

Nov 12, 2026 (in 2 months)
Revenue estimate$251.7M
EPS estimate-$2.18

Financials

Q1 2026

Income statement

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Revenue$364.8M+33.0%
Gross profit$53.5M+17.6%
Operating income$10.0M+194%
Net income-$16.8M+31.4%
EPS (diluted)-$1.29+31.7%

Balance sheet

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Cash & equivalents$134.6M+297%
Total debt$1.4B+11.6%
Total equity-$256.3M-25.5%
Total assets$936.8M+7.9%

Cash flow

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Operating cash flow$45.5M+423%
CapEx$200.0K-95.7%
Free cash flow$45.3M+341%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$77.5M-25.4%
Enterprise value$1.34B+1.4%
P/S0.1×0.0×

Profitability

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Gross margin15.5%-3.8pp
Operating margin2.6%-1.2pp
Net margin-4%0.0pp
FCF margin15.7%—

Returns & leverage

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Current ratio0.4×0.0×

Segments

By product

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Industrial$126.2M+69.2%
Commercial$108.0M+101%
Healthcare$41.5M-20.2%
Government$37.1M+49.6%
Transportation$34.2M-23.5%

FAQ

When did Innovate report Q1 2026 earnings?
Innovate (VATE) reported Q1 2026 earnings on May 14, 2026 after market close.
What were Innovate's Q1 2026 revenue and EPS?
Innovate reported revenue of $364.8M and eps of $-1.29 for Q1 2026.
Did Innovate beat estimates in Q1 2026?
Revenue beat the consensus estimate of $251.7M by $113.1M. EPS beat the consensus estimate of $-2.18 by $0.89.
How did Innovate's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.0% from $274.2M a year earlier and eps grew 31.7% from $-1.89.
Where can I find Innovate's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001006837-26-000038) and the 10-Q periodic report (0001006837-26-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.