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Innovate VATE Government — Revenue

Other product segments

Industrial
$126.2M+69.2%
Commercial
$108M+101%
Healthcare
$41.5M-20.2%
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 government — revenue?
Innovate (VATE) reported government — revenue of $37.1M in Q1 2026.
How has Innovate's government — revenue changed year-over-year?
Innovate's government — revenue increased by 49.6% year-over-year, from $24.8M to $37.1M.
What is the long-term trend for Innovate's government — revenue?
Over 4 years (2021 to 2025), Innovate's government — revenue has grown at a 17.4% compound annual growth rate (CAGR), from $67.8M to $128.8M.
What does government — revenue mean?
This metric measures the total gross revenue generated from products and services provided to government entities. It reflects the company's market penetration and success in securing public sector contracts. Tracking this figure helps investors assess the scale and growth trajectory of the government-facing business unit.