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Innovate VATE Construction in progress

Construction in progress at other companies

EPR Properties logo
EPR PropertiesEPR
$23.38M-80.2%
Oil-Dri Corporation of America logo
Oil-Dri Corporation of AmericaODC
$25.15M+19.9%
Healthpeak Properties logo
Healthpeak PropertiesDOC
$1.06B+9.8%
JBG SMITH Properties logo
JBG SMITH PropertiesJBGS
$186.58M-43.0%
Merit Medical Systems logo
Merit Medical SystemsMMSI
$90.99M+42.8%
Energizer Holdings logo
Energizer HoldingsENR
$36.3M-52.0%

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 in progress?
Innovate (VATE) reported construction in progress of $179.8M in Q1 2026.
How has Innovate's construction in progress changed year-over-year?
Innovate's construction 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 in progress?
Over 5 years (2020 to 2025), Innovate's construction in progress has grown at a 14.9% compound annual growth rate (CAGR), from $118.6M to $237M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.