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VATE · NYSE · Engineering & Construction

INNOVATE (VATE)

Operating a diversified portfolio of construction, life-sciences and broadcasting platforms.

$8.04

vs last close−0.14 (−1.71%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	375	361	315	313	242	237	274	242	347	383	365	422
Cost of revenue	317	300	267	248	194	190	233	196	302	328	316	342
Gross profit	59	61	49	66	48	46	41	46	45	55	49	80
	48	47	46	37	42	44	37	41	38	39	38	45
Selling, general & administrative	0	0	0	43	0	40	37	0	38	39	38	42
Other expenses	48	47	46	−6	42	4	0	41	0	0	0	4
Operating income	11	14	3	29	6	3	4	5	7	15	11	35
	−18	−23	−20	−17	−19	−17	−23	−22	−24	−25	−25	−9
Interest income	0	0	0	0	0	3	0	0	0	0	0	1
Interest expense	17	19	17	17	21	20	20	21	23	24	25	28
Other non-operating income	0	−1	2	1	−2	−2	3	0	0	1	1	−19
Income before tax	−8	−9	−17	11	−13	−15	−19	−17	−17	−9	−14	26
Income tax expense	1	1	3	−3	3	2	7	4	−7	−2	3	13
Net income from continuing operations	−9	−11	−20	14	−16	−17	−26	−21	−10	−8	−17	12
Other adjustments	0	0	0	0	0	0	0	0	0	0	0	−3
Net income	−7	−9	−17	14	−15	−17	−25	−20	−9	−7	−17	11
EPS, basic	−$0.93	−$1.22	−$2.25	$1.58	−$1.16	−$1.29	−$1.89	−$1.67	−$0.71	−$0.58	−$1.29	$0.74
EPS, diluted	−$0.93	−$1.22	−$2.25	$0.98	−$1.16	−$1.29	−$1.89	−$1.67	−$0.71	−$0.58	−$1.29	$0.71
Weighted average shares, basic	8	8	8	9	13	13	13	13	13	13	13	13
Weighted average shares, diluted	8	8	8	14	13	13	13	13	13	13	13	14
EBITDA	19	23	9	36	16	13	9	12	14	22	18	57
Depreciation & amortization	8	8	8	8	8	8	8	7	8	8	7	4
EBIT	11	15	0	28	8	5	2	5	7	15	10	53