Innovate (VATE) Change in Receivables (2010 - 2025)

Innovate (VATE) recorded quarterly Change in Receivables of -$24.0 million in Q4 2025, down 204.35% quarter-over-quarter from $23.0 million in Q3 2025, and down 1511.76% on a YoY basis from $1.7 million in Q4 2024.

Innovate (VATE) Change in Receivables (2010 - 2025) Analysis & Trends

Innovate's Change in Receivables history runs 16 years deep, the most recent figure standing at -$24.0 million for Q4 2025.

  • In Q4 2025, Change in Receivables fell 1511.76% year-over-year to -$24.0 million; the TTM figure through Dec 2025 stood at $48.7 million (up 153.05% YoY), while the FY2025 annual figure was $48.7 million, up 153.05% from the prior year.
  • Change in Receivables was -$24.0 million for Q4 2025 at Innovate, down from $23.0 million in the prior quarter.
  • In the past five years, Change in Receivables ranged from a high of $78.9 million in Q2 2025 to a low of -$93.5 million in Q2 2024.
  • Historically, Change in Receivables has averaged $1.3 million across 5 years, with a median of -$50000.0 in 2021.
  • The sharpest annual moves came in 2022 and 2025: Change in Receivables surged 3125.0% in 2022, then plunged 1511.76% in 2025.
  • A 5-year view of Change in Receivables shows it stood at -$40.0 million in 2021, then tumbled by 78.75% to -$71.5 million in 2022, then soared by 83.64% to -$11.7 million in 2023, then surged by 114.53% to $1.7 million in 2024, then slumped by 1511.76% to -$24.0 million in 2025.
  • The last three Change in Receivables figures came in at -$24.0 million (Q4 2025), $23.0 million (Q3 2025), and $78.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 745.88 Mn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 214.73 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn -
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn -4.81 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn -
6 APi 18.83 Bn 18.18 Bn 620.00 Mn -31.00 Mn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 668.70 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 109.95 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - -
10 Innovate 231.31 Mn 133.11 Mn 58.90 Mn -24.00 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -24.00 Mn
Dec 31, 2025 -24.00 Mn
Sep 30, 2025 23.00 Mn
Sep 30, 2025 23.00 Mn
Jun 30, 2025 78.90 Mn
Jun 30, 2025 78.90 Mn
Mar 31, 2025 -29.20 Mn
Mar 31, 2025 -29.20 Mn
Dec 31, 2024 1.70 Mn
Dec 31, 2024 1.70 Mn
Sep 30, 2024 9.00 Mn
Sep 30, 2024 9.00 Mn
Jun 30, 2024 -93.50 Mn
Jun 30, 2024 -93.50 Mn
Mar 31, 2024 -9.00 Mn
Mar 31, 2024 -9.00 Mn
Dec 31, 2023 -11.70 Mn
Dec 31, 2023 -11.70 Mn
Sep 30, 2023 -900,000.00
Sep 30, 2023 -900,000.00