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