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Innovate VATE Infrastructure — Contract Assets

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:ContractWithCustomerAssetNet.

The official record: Innovate’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What is Innovate's infrastructure — contract assets?
Innovate (VATE) reported infrastructure — contract assets of $54.5M in Q1 2026.
How has Innovate's infrastructure — contract assets changed year-over-year?
Innovate's infrastructure — contract assets decreased by 59.7% year-over-year, from $135.3M to $54.5M.
What is the long-term trend for Innovate's infrastructure — contract assets?
Over 2 years (2023 to 2025), Innovate's infrastructure — contract assets has grown at a -25.0% compound annual growth rate (CAGR), from $645.1M to $363.2M.
What does infrastructure — contract assets mean?
The total value of rights to consideration in exchange for goods or services that the infrastructure segment has transferred to a customer, where the right is conditional on something other than the passage of time. It is a critical measure of work-in-progress that has not yet been formally invoiced.