Innovate (VATE) Accumulated Expenses (2010 - 2025)

Innovate (VATE) recorded quarterly Accumulated Expenses of $122.5 million in Q4 2025, up 11.26% quarter-over-quarter from $110.1 million in Q3 2025, and up 11.67% on a YoY basis from $109.7 million in Q4 2024.

Innovate (VATE) Accumulated Expenses (2010 - 2025) Analysis & Trends

Innovate's Accumulated Expenses history runs 12 years deep, the most recent figure standing at $122.5 million for Q4 2025.

  • In Q4 2025, Accumulated Expenses rose 11.67% year-over-year to $122.5 million; the TTM figure through Dec 2025 stood at $122.5 million (up 11.67% YoY), while the FY2025 annual figure was $122.5 million, up 11.67% from the prior year.
  • Accumulated Expenses was $122.5 million for Q4 2025 at Innovate, up from $110.1 million in the prior quarter.
  • In the past five years, Accumulated Expenses ranged from a high of $125.4 million in Q2 2025 to a low of $45.0 million in Q1 2023.
  • Historically, Accumulated Expenses has averaged $87.0 million across 5 years, with a median of $90.8 million in 2022.
  • The sharpest annual moves came in 2023 and 2025: Accumulated Expenses slumped 47.74% in 2023, then soared 111.49% in 2025.
  • A 5-year view of Accumulated Expenses shows it stood at $93.4 million in 2021, then slipped by 29.98% to $65.4 million in 2022, then gained by 8.26% to $70.8 million in 2023, then soared by 54.94% to $109.7 million in 2024, then grew by 11.67% to $122.5 million in 2025.
  • The last three Accumulated Expenses figures came in at $122.5 million (Q4 2025), $110.1 million (Q3 2025), and $125.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn
6 APi 18.83 Bn 18.18 Bn 620.00 Mn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn -
10 Innovate 231.31 Mn 133.11 Mn 58.90 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 122.50 Mn
Sep 30, 2025 110.10 Mn
Jun 30, 2025 125.40 Mn
Mar 31, 2025 106.80 Mn
Dec 31, 2024 109.70 Mn
Sep 30, 2024 93.30 Mn
Jun 30, 2024 60.10 Mn
Mar 31, 2024 50.50 Mn
Dec 31, 2023 70.80 Mn
Sep 30, 2023 66.40 Mn
Jun 30, 2023 73.30 Mn
Mar 31, 2023 45.00 Mn
Dec 31, 2022 65.40 Mn
Sep 30, 2022 88.20 Mn
Jun 30, 2022 93.30 Mn
Mar 31, 2022 86.10 Mn
Dec 31, 2021 93.40 Mn
Sep 30, 2021 99.70 Mn
Jun 30, 2021 101.90 Mn
Mar 31, 2021 78.60 Mn