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| Date | Value |
|---|---|
| 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 |