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Innovate VATE Contract Assets

Contract Assets at other companies

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$250.41M+26.8%
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$36.92M+21.6%
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MYR GroupMYRG
$224.26M-34.4%

Segments

By segment

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Infrastructure$54.5M-59.7%

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

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

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 contract assets?
Innovate (VATE) reported contract assets of $54.5M in Q1 2026.
How has Innovate's contract assets changed year-over-year?
Innovate's contract assets decreased by 59.7% year-over-year, from $135.3M to $54.5M.
What is the long-term trend for Innovate's contract assets?
Over 5 years (2020 to 2025), Innovate's contract assets has grown at a -18.3% compound annual growth rate (CAGR), from $175.8M to $64.1M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.