Innovate VATE Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Infrastructure | $357.9M+35.1% | $373.9M+65.7% | $338.4M+45.4% | $233.1M-23.6% | $264.9M-14.0% | |
| Life Sciences | $1.6M-48.4% | $3.1M-24.4% | $3.1M+3.3% | $3.2M+88.2% | $3.1M+210% | |
| Spectrum | $5.3M-14.5% | $5.7M-16.2% | $5.6M-12.5% | $5.7M-8.1% | $6.2M-1.6% | |
| Revenue by Product | ||||||
| Commercial | $108M+101% | $125.7M+104% | $116.1M+103% | $75.9M-21.3% | $53.8M-30.4% | |
| Convention | $900K-84.7% | $500K-86.5% | $200K-88.9% | $2.3M-23.3% | $5.9M+7.3% | |
| Energy | $9.5M+400% | $8M+433% | $1.8M-5.3% | $1.8M+12.5% | $1.9M-13.6% | |
| Government | $37.1M+49.6% | $44.3M+626% | $36.1M+826% | $23.6M+2,460% | $24.8M+819% | |
| Healthcare | $41.5M-20.2% | $48.9M+31.5% | $48.6M+18.8% | $24.1M-38.5% | $52M+51.6% | |
| Industrial | $126.2M+69.2% | $87.5M+33.8% | $85.1M+31.5% | $59.4M-36.5% | $74.6M-11.3% | |
| Leisure | $200K-97.0% | $100K-96.3% | $1.7M-60.5% | $4.5M+165% | $6.6M+560% | |
| Transportation | $34.2M-23.5% | $58.3M+23.3% | $48.6M-16.5% | $41.2M-40.6% | $44.7M-55.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Innovate break its business down?
- Innovate (VATE) reports total revenue by business across 3 parts — Infrastructure, Life Sciences and Spectrum. Each is extracted from the segment footnotes and tracked over time.
- Where does Innovate's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Innovate's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.