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Innovate VATE Spectrum — Capital cash expenditures

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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:SegmentExpenditureAdditionToLongLivedAssets.

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 spectrum — capital cash expenditures?
Innovate (VATE) reported spectrum — capital cash expenditures of $600K in Q1 2026.
How has Innovate's spectrum — capital cash expenditures changed year-over-year?
Innovate's spectrum — capital cash expenditures increased by 20.0% year-over-year, from $500K to $600K.
What is the long-term trend for Innovate's spectrum — capital cash expenditures?
Over 2 years (2023 to 2025), Innovate's spectrum — capital cash expenditures has grown at a 64.3% compound annual growth rate (CAGR), from $1M to $2.7M.
What does spectrum — capital cash expenditures mean?
The actual cash outflows used by the Spectrum segment to acquire, upgrade, or maintain physical assets such as property, plant, and equipment. This metric indicates the level of investment being made to sustain or grow the segment's productive capacity. It is a vital indicator of the segment's capital intensity and future growth strategy.