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Innovate VATE Government — Remaining performance obligation amount

Other product segments

Transportation
$510.8M+164%
Industrial
$503.2M+76.3%
Commercial
$264.6M-40.1%
Healthcare
$210.3M-14.9%
Energy
$22.7M+1,319%
Convention
$300K-88.5%

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:RevenueRemainingPerformanceObligation.

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 government — remaining performance obligation amount?
Innovate (VATE) reported government — remaining performance obligation amount of $73.7M in Q1 2026.
How has Innovate's government — remaining performance obligation amount changed year-over-year?
Innovate's government — remaining performance obligation amount decreased by 55.9% year-over-year, from $167.3M to $73.7M.
What is the long-term trend for Innovate's government — remaining performance obligation amount?
Over 2 years (2023 to 2025), Innovate's government — remaining performance obligation amount has grown at a 324.1% compound annual growth rate (CAGR), from $32.6M to $586.4M.
What does government — remaining performance obligation amount mean?
This metric represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the reporting date for government contracts. It serves as a key indicator of future revenue potential that is already under contract. This backlog provides a buffer against market volatility and supports revenue forecasting.