What is Innovate's spectrum — exit fees (non-current portion)?

Innovate (VATE) reported spectrum — exit fees (non-current portion) of $25.8M in Q1 2026.

How has Innovate's spectrum — exit fees (non-current portion) changed year-over-year?

Innovate's spectrum — exit fees (non-current portion) increased by 62.3% year-over-year, from $15.9M to $25.8M.

What does spectrum — exit fees (non-current portion) mean?

Represents the long-term portion of contractual exit fees owed by the Spectrum segment that are not due within the next fiscal year. This provides visibility into the segment's long-term financial liabilities related to strategic exits.

Innovate VATE Spectrum — Exit fees (non-current portion)

Similar metrics at other companies

ATEXSpectrum receivable

$10.64M+49.7%

ENSSpecialty — Exit charges

$0-100%

HTGCTotal Exit Fees Receivable

$55.4M+24.8%

HRO

HROWAccrual Of Exit Fee Related To Loan

$262.5K-61.3%

VOYABusinesses Exited — Fee income

-$86M+8.5%

HTGCAccretion Of Loan Exit Fees

$10.19M+37.1%

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+196%

Enterprise value$1.52B+21.4%

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 vate:ExitFeesPayable.

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 — exit fees (non-current portion)?: Innovate (VATE) reported spectrum — exit fees (non-current portion) of $25.8M in Q1 2026.
How has Innovate's spectrum — exit fees (non-current portion) changed year-over-year?: Innovate's spectrum — exit fees (non-current portion) increased by 62.3% year-over-year, from $15.9M to $25.8M.
What does spectrum — exit fees (non-current portion) mean?: Represents the long-term portion of contractual exit fees owed by the Spectrum segment that are not due within the next fiscal year. This provides visibility into the segment's long-term financial liabilities related to strategic exits.