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Innovate VATE Q2 2025 earnings

Reported August 5, 2025 · After market close

Revenue$242.0M
EPS-$1.67

Next report

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

Financials

Q2 2025

Income statement

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Revenue$242.0M-22.7%
Gross profit$45.6M-30.5%
Operating income$4.9M-83.0%
Net income-$19.8M-238%
EPS (diluted)-$1.67-262%

Balance sheet

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Cash & equivalents$34.0M-58.4%
Total debt$1.2B+46.5%
Total equity-$224.8M-50.9%
Total assets$890.9M-0.9%

Cash flow

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Operating cash flow$40.4M+87.9%
Free cash flow$44.8M—

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$70.53M-10.2%
Enterprise value$1.21B+51.7%
P/S0.1×0.0×

Profitability

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Gross margin18.7%+1.5pp
Operating margin1.7%-2.4pp
Net margin-7.6%-9.9pp

Returns & leverage

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Current ratio0.5×-0.9×

Segments

By product

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Commercial$75.9M-21.3%
Industrial$59.4M-36.5%
Transportation$41.2M-40.6%
Healthcare$24.1M-38.5%
Government$23.6M+2,460%

FAQ

When did Innovate report Q2 2025 earnings?
Innovate (VATE) reported Q2 2025 earnings on August 5, 2025 after market close.
What were Innovate's Q2 2025 revenue and EPS?
Innovate reported revenue of $242.0M and eps of $-1.67 for Q2 2025.
How did Innovate's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 22.7% from $313.1M a year earlier.
Where can I find Innovate's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001006837-25-000103) and the 10-Q periodic report (0001006837-25-000104) directly on SEC EDGAR. The filing index links above go to sec.gov.