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Innovate VATE Noncontrolling interests in subsidiaries

Noncontrolling interests in subsidiaries at other companies

Nucor logo
NucorNUE
$1.1B+4.7%
Cardinal Infrastructure Group, Inc.
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Cardinal Infrastructure Group, Inc. CDNL
$191.59M
Foster (Lb) Co. logo
Foster (Lb) Co.FSTR
$874K+8.3%
Versant Media Group, Inc.
 logo
Versant Media Group, Inc. VSNT
$110M
MTZ
MasTecMTZ
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL

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:MinorityInterest.

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 noncontrolling interests in subsidiaries?
Innovate (VATE) reported noncontrolling interests in subsidiaries of $13.3M in Q1 2026.
How has Innovate's noncontrolling interests in subsidiaries changed year-over-year?
Innovate's noncontrolling interests in subsidiaries decreased by 33.2% year-over-year, from $19.9M to $13.3M.
What is the long-term trend for Innovate's noncontrolling interests in subsidiaries?
Over 5 years (2020 to 2025), Innovate's noncontrolling interests in subsidiaries has grown at a -19.2% compound annual growth rate (CAGR), from $40.4M to $13.9M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.