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Innovate VATE Cash ratio

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Other financials

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

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Market cap$254.69M+274%

Where this comes from

Calculated from Innovate’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

The official record: Innovate’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovate's cash ratio?
Innovate (VATE) reported cash ratio of 0.1× in Q1 2026.
How has Innovate's cash ratio changed year-over-year?
Innovate's cash ratio increased by 230.0% year-over-year, from 0× to 0.1×.
What is the long-term trend for Innovate's cash ratio?
Over 5 years (2020 to 2025), Innovate's cash ratio has grown at a 70.2% compound annual growth rate (CAGR), from 0× to 0.1×.
What does cash ratio mean?
Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.