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Innovate VATE Systems and consumables revenue — Revenue

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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

Questions, answered.

What is Innovate's systems and consumables revenue — revenue?
Innovate (VATE) reported systems and consumables revenue — revenue of $1.6M in Q1 2026.
How has Innovate's systems and consumables revenue — revenue changed year-over-year?
Innovate's systems and consumables revenue — revenue decreased by 48.4% year-over-year, from $3.1M to $1.6M.
What is the long-term trend for Innovate's systems and consumables revenue — revenue?
Over 4 years (2021 to 2025), Innovate's systems and consumables revenue — revenue has grown at a 37.5% compound annual growth rate (CAGR), from $3.5M to $12.5M.
What does systems and consumables revenue — revenue mean?
This metric represents the total revenue generated from the sale of hardware systems and their associated recurring consumable products within a specific business segment. It serves as a key indicator of market adoption for the company's core technology platform and the subsequent pull-through demand for ongoing operational supplies. Tracking this revenue stream helps investors assess the scalability of the product ecosystem and the stability of recurring income generated by the installed base.