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Innovate VATE Q4 2024 Annual earnings

Reported March 31, 2025 · After market close

Revenue$236.6MDiluted EPS-$1.29

Next report

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

Financials

Q4 2024

Income statement

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Revenue$236.6M-34.5%
Gross profit$46.4M-24.1%
Operating income$2.5M-82.1%
Net income-$16.6M-78.5%
EPS (diluted)-$1.39-13.9%

Balance sheet

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Cash & equivalents$49.3M-40.1%
Total debt$887.5M+8.8%
Total equity-$180.4M-9.0%
Total assets$891.1M-14.6%

Cash flow

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Operating cash flow$41.4M-32.4%
CapEx$7.2M+60.0%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$65.51M-32.8%
Enterprise value$903.71M+8.8%
P/S0.1×0.0×

Profitability

See full
Gross margin18.9%+3.7pp
Operating margin3.6%+1.8pp
Net margin-3.1%+1.1pp

Returns & leverage

See full
Current ratio0.8×-0.4×

Segments

By product

See full
Industrial$65.4M-18.6%
Commercial$61.7M-13.7%
Transportation$47.3M-59.1%
Healthcare$37.2M-27.2%
Government$6.1M+103%

By segment

See full
Infrastructure$225.7M-36.2%
Spectrum$6.8M+19.3%
Life Sciences$4.1M—

Versus estimates

Revenue

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

Diluted EPS

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

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Questions, answered.

When did Innovate report Q4 2024 earnings?
Innovate (VATE) reported Q4 2024 earnings on March 31, 2025 after market close.
What were Innovate's Q4 2024 revenue and EPS?
Innovate reported revenue of $236.6M and diluted EPS of $-1.29 for Q4 2024.
Where can I find Innovate's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001006837-25-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.