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Innovate VATE Cost Earned On Uncompleted Contracts, Net

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 vate:CostEarnedOnUncompletedContractsNet.

The official record: Innovate’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What is Innovate's cost earned on uncompleted contracts, net?
Innovate (VATE) reported cost earned on uncompleted contracts, net of -$102.8M in Q1 2026.
How has Innovate's cost earned on uncompleted contracts, net changed year-over-year?
Innovate's cost earned on uncompleted contracts, net decreased by 357.0% year-over-year, from $40M to -$102.8M.
What is the long-term trend for Innovate's cost earned on uncompleted contracts, net?
Over 4 years (2021 to 2025), Innovate's cost earned on uncompleted contracts, net has grown at a 28.5% compound annual growth rate (CAGR), from $39.5M to -$107.8M.