What is Innovate's infrastructure — translation adjustments?

Innovate (VATE) reported infrastructure — translation adjustments of $100K in Q1 2026.

What does infrastructure — translation adjustments mean?

Captures the impact of foreign currency exchange rate fluctuations on the financial results of the infrastructure segment's international operations. This metric reflects the volatility inherent in translating non-functional currency assets and liabilities into the reporting currency. It is used to isolate operational performance from currency-driven accounting impacts.

Innovate VATE Infrastructure — Translation adjustments

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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%

Enterprise value$1.52B+25.8%

P/S0.2×+0.1×

Profitability

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Gross margin15.5%-3.8pp

Operating margin2.6%-1.2pp

Net margin-4%0.0pp

FCF margin15.7%—

Returns & leverage

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Return on equity-8.1%—

Debt / equity1.7×—

Current ratio0.4×0.0×

Where this comes from

Reported directly by Innovate in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

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

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What is Innovate's infrastructure — translation adjustments?: Innovate (VATE) reported infrastructure — translation adjustments of $100K in Q1 2026.
What does infrastructure — translation adjustments mean?: Captures the impact of foreign currency exchange rate fluctuations on the financial results of the infrastructure segment's international operations. This metric reflects the volatility inherent in translating non-functional currency assets and liabilities into the reporting currency. It is used to isolate operational performance from currency-driven accounting impacts.