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Innovate VATE Interest Expense

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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

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseNonoperating.

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 interest expense?
Innovate (VATE) reported interest expense of $24.5M in Q1 2026.
How has Innovate's interest expense changed year-over-year?
Innovate's interest expense increased by 21.3% year-over-year, from $20.2M to $24.5M.
What is the long-term trend for Innovate's interest expense?
Over 4 years (2021 to 2025), Innovate's interest expense has grown at a 10.8% compound annual growth rate (CAGR), from $59.1M to $89M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.