What is Innovate's FX effect on cash?

Innovate (VATE) reported FX effect on cash of $100K in Q1 2026.

How has Innovate's FX effect on cash changed year-over-year?

Innovate's FX effect on cash decreased by 50.0% year-over-year, from $200K to $100K.

What does FX effect on cash mean?

The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.

Innovate VATE FX Effect on Cash

FX Effect on Cash at other companies

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MasTecMTZ

-$61K-176%

NucorNUE

-$2M—

VMI

Valmont IndustriesVMI

$102K-95.2%

Foster (Lb) Co.FSTR

-$58K-218%

AtkoreATKR

-$1.72M—

ArganAGX

$4.11M+131%

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+196%

Enterprise value$1.52B+21.4%

P/S0.2×+0.1×

Profitability

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Gross margin15.5%-3.8pp

Operating margin2.6%-1.2pp

Net margin-4%0.0pp

FCF margin15.7%—

Returns & leverage

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Return on equity-8.1%—

Debt / equity1.7×—

Current ratio0.4×0.0×

Where this comes from

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations.

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 FX effect on cash?: Innovate (VATE) reported FX effect on cash of $100K in Q1 2026.
How has Innovate's FX effect on cash changed year-over-year?: Innovate's FX effect on cash decreased by 50.0% year-over-year, from $200K to $100K.
What does FX effect on cash mean?: The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.