Innovate VATE Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Infrastructure | $1.3B+7.7% | $1.21B+14.0% | $1.06B+11.0% | $956.5M-7.0% | $1.03B-4.0% | |
| Life Sciences | $11M-12.0% | $12.5M-7.4% | $13.5M+0.7% | $13.4M+12.6% | $11.9M+21.4% | |
| Spectrum | $22.3M-3.9% | $23.2M-4.5% | $24.3M-3.2% | $25.1M-2.0% | $25.6M-0.4% | |
| Revenue by Product | ||||||
| Commercial | $425.7M+14.6% | $371.5M+20.8% | $307.5M+23.7% | $248.5M-7.7% | $269.1M-8.0% | |
| Convention | $3.9M-56.2% | $8.9M-26.4% | $12.1M-11.7% | $13.7M-4.9% | $14.4M+2.9% | |
| Energy | $21.1M+56.3% | $13.5M+92.9% | $7M-1.4% | $7.1M+2.9% | $6.9M-4.2% | |
| Government | $141.1M+9.5% | $128.8M+42.2% | $90.6M+55.1% | $58.4M+72.8% | $33.8M+189% | |
| Healthcare | $163.1M-6.0% | $173.6M+7.2% | $161.9M+5.0% | $154.2M-8.9% | $169.3M+11.7% | |
| Industrial | $358.2M+16.8% | $306.6M+7.8% | $284.5M+7.7% | $264.1M-11.5% | $298.3M-3.1% | |
| Leisure | $6.5M-49.6% | $12.9M-16.8% | $15.5M-14.4% | $18.1M+18.3% | $15.3M+57.7% | |
| Transportation | $182.3M-5.4% | $192.8M+6.1% | $181.8M-5.0% | $191.4M-12.8% | $219.6M-20.2% |
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.
