What is Innovate's unbilled balances?

Innovate (VATE) reported unbilled balances of $100K in Q1 2026.

How has Innovate's unbilled balances changed year-over-year?

Innovate's unbilled balances decreased by 0.0% year-over-year, from $100K to $100K.

What is the long-term trend for Innovate's unbilled balances?

Over 5 years (2020 to 2025), Innovate's unbilled balances has grown at a -71.2% compound annual growth rate (CAGR), from $50.3M to $100K.

Innovate VATE Unbilled balances

Unbilled balances at other companies

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$12.06M-31.4%

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:UnbilledContractsReceivable.

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 unbilled balances?: Innovate (VATE) reported unbilled balances of $100K in Q1 2026.
How has Innovate's unbilled balances changed year-over-year?: Innovate's unbilled balances decreased by 0.0% year-over-year, from $100K to $100K.
What is the long-term trend for Innovate's unbilled balances?: Over 5 years (2020 to 2025), Innovate's unbilled balances has grown at a -71.2% compound annual growth rate (CAGR), from $50.3M to $100K.