Innovate (VATE) Change in Receivables (2010 - 2025)
Innovate (VATE) posted quarterly Change in Receivables of -$24.0 million for Q4 2025, down 1511.76% year-over-year from $1.7 million in Q4 2024, and down 204.35% quarter-over-quarter from $23.0 million in Q3 2025.
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 for Q4 2025 stood at -$24.0 million, down from $23.0 million in the prior quarter.
- The five-year high for Change in Receivables was $78.9 million in Q2 2025, with the low at -$93.5 million in Q2 2024.
- The 5-year median for Change in Receivables is -$50000.0 (2021), against an average of $1.3 million.
- The sharpest annual moves came in 2022 and 2025: Change in Receivables jumped 3125.0% in 2022, then tumbled 1511.76% in 2025.
- Innovate's Change in Receivables stood at -$40.0 million in 2021, then slumped by 78.75% to -$71.5 million in 2022, then surged by 83.64% to -$11.7 million in 2023, then jumped by 114.53% to $1.7 million in 2024, then sank by 1511.76% to -$24.0 million in 2025.
- Business Quant data shows VATE's Change in Receivables at -$24.0 million in Q4 2025, $23.0 million in Q3 2025, and $78.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 381.26 Mn |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 418.40 Mn |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | - |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 148.43 Mn |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | - |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 120.00 Mn |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | 668.70 Mn |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 66.79 Mn |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 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 |