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Innovate VATE Q1 2026 earnings

Reported May 14, 2026 · After market close

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

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$251.7M
EPS estimate-$2.18

Financials

Q1 2026

Income statement

See full
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

See full
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

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

Valuation & ratios

Valuation

as of 07/10/26
See full
Market cap$138.6M-25.4%
Enterprise value$1.4B+1.4%
P/S0.1×-0.1×

Profitability

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

Returns & leverage

See full
Current ratio0.4×0.0×

Segments

By product

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

Versus estimates

Revenue

Q1 2026$364.8MBeat by $113.1M
Q4 2025$382.7MBeat by $131.0MQ3 2025$347.1MQ2 2025$242.0MQ1 2025$274.2MQ4 2024$236.6M

Diluted EPS

Q1 2026-$1.29Beat by $0.89
Q4 2025-$0.58Beat by $1.60Q3 2025-$0.71Q2 2025-$1.67Q1 2025-$1.89Q4 2024-$1.29

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Questions, answered.

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 diluted 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 diluted 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.