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Innovate VATE Infrastructure — Cost of revenue

Other segment segments

Spectrum
$2.9M0.0%
Life Sciences
$1.4M-39.1%

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:CostOfRevenue.

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 infrastructure — cost of revenue?
Innovate (VATE) reported infrastructure — cost of revenue of $307M in Q1 2026.
How has Innovate's infrastructure — cost of revenue changed year-over-year?
Innovate's infrastructure — cost of revenue increased by 37.4% year-over-year, from $223.5M to $307M.
What is the long-term trend for Innovate's infrastructure — cost of revenue?
Over 2 years (2023 to 2025), Innovate's infrastructure — cost of revenue has grown at a -7.2% compound annual growth rate (CAGR), from $1.19B to $1.03B.
What does infrastructure — cost of revenue mean?
This metric represents the direct costs attributable to the production or delivery of goods and services within the infrastructure business segment. It includes expenses such as direct labor, materials, and overhead directly tied to infrastructure projects. Monitoring this helps evaluate the direct profitability and cost-efficiency of the segment's core operations.