When did Innovate report Q3 2025 earnings?

Innovate (VATE) reported Q3 2025 earnings on November 12, 2025 after market close.

What were Innovate's Q3 2025 revenue and EPS?

Innovate reported revenue of $347.1M and diluted EPS of $-0.71 for Q3 2025.

How did Innovate's Q3 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 43.3% from $242.2M a year earlier and diluted EPS grew 39.8% from $-1.18.

Where can I find Innovate's Q3 2025 SEC filings?

You can read the 8-K earnings release (0001006837-25-000126) and the 10-Q periodic report (0001006837-25-000127) directly on SEC EDGAR. The filing index links above go to sec.gov.

Innovate VATE Q3 2025 earnings

Reported November 12, 2025 · After market close

Revenue$347.1M Diluted EPS-$0.71

Next report

Aug 5, 2026 (In 3 weeks)

Revenue estimate$251.7M

EPS estimate-$2.18

Financials

Q3 2025

Income statement

See full

Revenue$347.1M+43.3%

Gross profit$49.7M+3.1%

Operating income$6.1M+3.4%

Net income-$8.9M+40.7%

EPS (diluted)-$0.71+39.8%

Balance sheet

See full

Cash & equivalents$36.1M-31.2%

Total debt$1.3B+40.5%

Total equity-$233.3M-43.0%

Total assets$913.2M+1.8%

Cash flow

See full

Operating cash flow$19.2M+168%

CapEx$200.0K-93.5%

Free cash flow$19.0M+160%

Valuation & ratios

Valuation

as of 09/30/25

See full

Market cap$65.21M+35.0%

Enterprise value$1.36B+44.2%

P/S0.1×0.0×

Profitability

See full

Gross margin17%-1.1pp

Operating margin1.5%-2.6pp

Net margin-6.3%-13.7pp

Returns & leverage

See full

Current ratio0.4×-0.4×

Segments

By product

See full

Commercial$116.1M+103%

Industrial$85.1M+31.5%

Healthcare$48.6M+18.8%

Transportation$48.6M-16.5%

Government$36.1M+826%

Versus estimates

Revenue

Q1 2026$364.8MBeat by $113.1M Q4 2025$382.7MBeat by $131.0M

Q3 2025$347.1M

Q2 2025$242.0M Q1 2025$274.2M Q4 2024$236.6M

Diluted EPS

Q1 2026-$1.29Beat by $0.89 Q4 2025-$0.58Beat by $1.60

Q3 2025-$0.71

Q2 2025-$1.67 Q1 2025-$1.89 Q4 2024-$1.29

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Questions, answered.

When did Innovate report Q3 2025 earnings?: Innovate (VATE) reported Q3 2025 earnings on November 12, 2025 after market close.
What were Innovate's Q3 2025 revenue and EPS?: Innovate reported revenue of $347.1M and diluted EPS of $-0.71 for Q3 2025.
How did Innovate's Q3 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 43.3% from $242.2M a year earlier and diluted EPS grew 39.8% from $-1.18.
Where can I find Innovate's Q3 2025 SEC filings?: You can read the 8-K earnings release (0001006837-25-000126) and the 10-Q periodic report (0001006837-25-000127) directly on SEC EDGAR. The filing index links above go to sec.gov.