Innovate VATE Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Infrastructure | $357.9M-4.3% | $373.9M+10.5% | $338.4M+45.2% | $233.1M-12.0% | $264.9M+17.4% | |
| Life Sciences | $1.6M-48.4% | $3.1M0.0% | $3.1M-3.1% | $3.2M+3.2% | $3.1M-24.4% | |
| Spectrum | $5.3M-7.0% | $5.7M+1.8% | $5.6M-1.8% | $5.7M-8.1% | $6.2M-8.8% | |
| Revenue by Product | ||||||
| Commercial | $108M-14.1% | $125.7M+8.3% | $116.1M+53.0% | $75.9M+41.1% | $53.8M-12.8% | |
| Convention | $900K+80.0% | $500K+150% | $200K-91.3% | $2.3M-61.0% | $5.9M+59.5% | |
| Energy | $9.5M+18.8% | $8M+344% | $1.8M0.0% | $1.8M-5.3% | $1.9M+26.7% | |
| Government | $37.1M-16.3% | $44.3M+22.7% | $36.1M+53.0% | $23.6M-4.8% | $24.8M+307% | |
| Healthcare | $41.5M-15.1% | $48.9M+0.6% | $48.6M+102% | $24.1M-53.7% | $52M+39.8% | |
| Industrial | $126.2M+44.2% | $87.5M+2.8% | $85.1M+43.3% | $59.4M-20.4% | $74.6M+14.1% | |
| Leisure | $200K+100% | $100K-94.1% | $1.7M-62.2% | $4.5M-31.8% | $6.6M+144% | |
| Transportation | $34.2M-41.3% | $58.3M+20.0% | $48.6M+18.0% | $41.2M-7.8% | $44.7M-5.5% |
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.