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+26.7% | $1.21B+12.9% | $1.06B-11.5% | $956.5M-28.4% | $1.03B-26.2% | |
| Life Sciences | $11M-7.6% | $12.5M+27.6% | $13.5M+87.5% | $13.4M+179% | $11.9M+213% | |
| Spectrum | $22.3M-12.9% | $23.2M-9.7% | $24.3M-1.2% | $25.1M+6.4% | $25.6M+10.8% | |
| Revenue by Product | ||||||
| Commercial | $425.7M+58.2% | $371.5M+27.0% | $307.5M+1.7% | $248.5M-28.2% | $269.1M-22.6% | |
| Convention | $3.9M-72.9% | $8.9M-36.4% | $12.1M-67.7% | $13.7M-80.8% | $14.4M-86.2% | |
| Energy | $21.1M+206% | $13.5M+87.5% | $7M-11.4% | $7.1M+1.4% | $6.9M-20.7% | |
| Government | $141.1M+317% | $128.8M+1,001% | $90.6M+953% | $58.4M+827% | $33.8M+231% | |
| Healthcare | $163.1M-3.7% | $173.6M+14.5% | $161.9M-2.2% | $154.2M-5.3% | $169.3M+0.5% | |
| Industrial | $358.2M+20.1% | $306.6M-0.4% | $284.5M-11.8% | $264.1M-29.4% | $298.3M-24.6% | |
| Leisure | $6.5M-57.5% | $12.9M+33.0% | $15.5M+61.5% | $18.1M+192% | $15.3M+159% | |
| Transportation | $182.3M-17.0% | $192.8M-30.0% | $181.8M-47.1% | $191.4M-47.0% | $219.6M-37.5% |
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.