What is Innovate's construction work in progress?

Innovate (VATE) reported construction work in progress of $179.8M in Q1 2026.

How has Innovate's construction work in progress changed year-over-year?

Innovate's construction work in progress increased by 15.0% year-over-year, from $156.3M to $179.8M.

What is the long-term trend for Innovate's construction work in progress?

Over 5 years (2020 to 2025), Innovate's construction work in progress has grown at a 14.9% compound annual growth rate (CAGR), from $118.6M to $237M.

Innovate VATE Construction work in progress

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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:ConstructionInProgressGross.

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 construction work in progress?: Innovate (VATE) reported construction work in progress of $179.8M in Q1 2026.
How has Innovate's construction work in progress changed year-over-year?: Innovate's construction work in progress increased by 15.0% year-over-year, from $156.3M to $179.8M.
What is the long-term trend for Innovate's construction work in progress?: Over 5 years (2020 to 2025), Innovate's construction work in progress has grown at a 14.9% compound annual growth rate (CAGR), from $118.6M to $237M.