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Innovate VATE Commercial — Revenue

Other product segments

Industrial
$126.2M+69.2%
Healthcare
$41.5M-20.2%
Government
$37.1M+49.6%
Transportation
$34.2M-23.5%
Energy
$9.5M+400%
Convention
$900K-84.7%
Leisure
$200K-97.0%

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 debt$1.4B+11.6%
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

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 commercial — revenue?
Innovate (VATE) reported commercial — revenue of $108M in Q1 2026.
How has Innovate's commercial — revenue changed year-over-year?
Innovate's commercial — revenue increased by 100.7% year-over-year, from $53.8M to $108M.
What is the long-term trend for Innovate's commercial — revenue?
Over 4 years (2021 to 2025), Innovate's commercial — revenue has grown at a -8.9% compound annual growth rate (CAGR), from $539.8M to $371.5M.
What does commercial — revenue mean?
This metric measures the total gross income generated from the commercial business segment during the reporting period. It reflects the market demand for the company's commercial products or services and serves as a primary indicator of segment-level performance. Tracking this figure helps investors assess the scale and growth trajectory of the commercial operations.