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
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