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Innovate VATE Total debt

Total debt at other companies

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Gray TelevisionGTN
$5.81B+2.3%
ESO
Energy Services of AmericaESOA
$28.25M-35.0%
Cardinal Infrastructure Group, Inc.
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Cardinal Infrastructure Group, Inc. CDNL
$220.58M
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MasTecMTZ
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NucorNUE
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Sterling Infrastructure, Inc.STRL

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 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

Calculated from Innovate’s reported figures.

Plus components not separately reported this period.

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 total debt?
Innovate (VATE) reported total debt of $1.4B in Q1 2026.
How has Innovate's total debt changed year-over-year?
Innovate's total debt increased by 11.6% year-over-year, from $1.25B to $1.4B.
What is the long-term trend for Innovate's total debt?
Over 5 years (2020 to 2025), Innovate's total debt has grown at a 4.6% compound annual growth rate (CAGR), from $1.06B to $1.32B.
What does total debt mean?
Total debt represents the aggregate sum of all interest-bearing financial obligations, including short-term borrowings, the current portion of long-term debt, and long-term debt instruments. It also encompasses capitalized lease liabilities and other debt-like financing arrangements that require fixed repayment schedules. This metric serves as a comprehensive indicator of a company's total financial leverage and its reliance on external capital providers.