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Innovate VATE Work in process

Work in process at other companies

Foster (Lb) Co. logo
Foster (Lb) Co.FSTR
$7.65M+5.0%
Atkore logo
AtkoreATKR
$61.77M-3.5%

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:InventoryWorkInProcess.

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 work in process?
Innovate (VATE) reported work in process of $700K in Q1 2026.
How has Innovate's work in process changed year-over-year?
Innovate's work in process increased by 75.0% year-over-year, from $400K to $700K.
What is the long-term trend for Innovate's work in process?
Over 4 years (2021 to 2025), Innovate's work in process has grown at a -29.3% compound annual growth rate (CAGR), from $1.2M to $300K.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.