What is Innovate's deferred revenue?

Innovate (VATE) reported deferred revenue of $157.3M in Q1 2026.

How has Innovate's deferred revenue changed year-over-year?

Innovate's deferred revenue increased by 65.1% year-over-year, from $95.3M to $157.3M.

What is the long-term trend for Innovate's deferred revenue?

Over 5 years (2020 to 2025), Innovate's deferred revenue has grown at a 38.9% compound annual growth rate (CAGR), from $33.2M to $171.9M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Innovate VATE Deferred Revenue

Deferred Revenue at other companies

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$21M0.0%

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Energy Services of AmericaESOA

$29.47M+28.5%

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$9.67M—

Sterling Infrastructure, Inc.STRL

$695.62M+30.2%

VMI

Valmont IndustriesVMI

$77.11M-45.3%

Segments

By product

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Transportation$510.8M+164%

Industrial$503.2M+76.3%

Commercial$264.6M-40.1%

Healthcare$210.3M-14.9%

Government$73.7M-55.9%

Energy$22.7M+1,319%

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

See full

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

See full

Market cap$254.69M+274%

Where this comes from

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Innovate (VATE) reported deferred revenue of $157.3M in Q1 2026.
How has Innovate's deferred revenue changed year-over-year?: Innovate's deferred revenue increased by 65.1% year-over-year, from $95.3M to $157.3M.
What is the long-term trend for Innovate's deferred revenue?: Over 5 years (2020 to 2025), Innovate's deferred revenue has grown at a 38.9% compound annual growth rate (CAGR), from $33.2M to $171.9M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.