NYSE:VATE
INNOVATE Corp.
INNOVATE Corp.'s revenue grew 12.5% in fiscal 2025 to $1.2B while operating margin fell to 2.3%. Free cash flow was $146.1M, 11.7% of revenue, and the diluted share count rose 23.6%.Summary generated from INNOVATE Corp.'s SEC filings. Latest annual report filed Mar 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.2B
Revenue growth+12.5%
Revenue, 5-yr CAGR+11.7%
Gross margin16.0%
Operating margin2.3%
Net margin−4.9%
ROICn/a
Return on equityn/a
Debt / equityn/a
Free cash flow$146.1M
FCF margin11.7%
Share count change+23.6%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,205 | 1,637 | 1,423 | 1,107 | 1,246 |
| Operating income | −11 | 13 | 27 | 40 | 29 |
| Net income | −228 | −36 | −35 | −35 | −61 |
| Free cash flow | 3 | −30 | 8 | −10 | 146 |
Recent filings
- 8-KEntry into a material agreement
Oct 9, 2026 - 8-KEntry into a material agreement
Oct 5, 2026 - 4Insider transaction report
Sep 17, 2026 - 8-KEntry into a material agreement
Sep 2, 2026 - 8-KOther events
Aug 18, 2026 - 4Insider transaction report
Aug 13, 2026 - 8-KEntry into a material agreement
Aug 10, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026