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Innovate VATE Industrial — Revenue

Other product segments

Commercial
$108M+101%
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 industrial — revenue?
Innovate (VATE) reported industrial — revenue of $126.2M in Q1 2026.
How has Innovate's industrial — revenue changed year-over-year?
Innovate's industrial — revenue increased by 69.2% year-over-year, from $74.6M to $126.2M.
What is the long-term trend for Innovate's industrial — revenue?
Over 4 years (2021 to 2025), Innovate's industrial — revenue has grown at a 1.2% compound annual growth rate (CAGR), from $292.5M to $306.6M.
What does industrial — revenue mean?
This metric measures the total gross income generated by the Industrial segment through the sale of goods or services during the reporting period. It serves as a primary indicator of the segment's market demand and operational scale. Tracking this figure allows stakeholders to evaluate the segment's contribution to overall corporate growth and its competitive positioning within the industrial sector.