Innovate (VATE) Consolidated Net Income (2010 - 2025)
Innovate (VATE) recorded quarterly Consolidated Net Income of -$7.6 million in Q4 2025, up 20.83% quarter-over-quarter from -$9.6 million in Q3 2025, and up 56.07% on a YoY basis from -$4.9 million in Q4 2024.
Innovate (VATE) Consolidated Net Income (2010 - 2025) Analysis & Trends
Innovate's Consolidated Net Income history runs 14 years deep, the most recent figure standing at -$7.6 million for Q4 2025.
- In Q4 2025, Consolidated Net Income rose 56.07% year-over-year to -$7.6 million; the TTM figure through Dec 2025 stood at -$64.0 million (down 61.21% YoY), while the FY2025 annual figure was -$64.0 million, down 61.21% from the prior year.
- Consolidated Net Income was -$7.6 million for Q4 2025 at Innovate, up from -$9.6 million in the prior quarter.
- In the past five years, Consolidated Net Income ranged from a high of $51.9 million in Q1 2021 to a low of -$200.3 million in Q3 2021.
- Historically, Consolidated Net Income has averaged -$19.5 million across 4 years, with a median of -$10.6 million in 2023.
- The sharpest annual moves came in 2021 and 2024: Consolidated Net Income slumped 2542.68% in 2021, then jumped 218.8% in 2024.
- A 4-year view of Consolidated Net Income shows it stood at -$200.3 million in 2021, then soared by 94.71% to -$10.6 million in 2023, then sank by 63.21% to -$17.3 million in 2024, then jumped by 56.07% to -$7.6 million in 2025.
- The last three Consolidated Net Income figures came in at -$7.6 million (Q4 2025), -$9.6 million (Q3 2025), and -$21.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 231.43 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 370.38 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 305.48 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 69.71 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 103.77 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 57.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -2.89 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 110.31 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -7.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -7.60 Mn |
| Sep 30, 2025 | -9.60 Mn |
| Jun 30, 2025 | -21.00 Mn |
| Mar 31, 2025 | -25.80 Mn |
| Dec 31, 2024 | -17.30 Mn |
| Sep 30, 2024 | -16.20 Mn |
| Jun 30, 2024 | 13.90 Mn |
| Mar 31, 2024 | -20.10 Mn |
| Dec 31, 2023 | -10.60 Mn |
| Sep 30, 2023 | -8.60 Mn |
| Jun 30, 2023 | -11.70 Mn |
| Mar 31, 2023 | -8.00 Mn |
| Sep 30, 2021 | -200.30 Mn |
| Jun 30, 2021 | -1.50 Mn |
| Mar 31, 2021 | 51.90 Mn |
| Dec 31, 2020 | 7.00 Mn |
| Sep 30, 2020 | 8.20 Mn |
| Jun 30, 2020 | 7.50 Mn |
| Mar 31, 2020 | -71.10 Mn |
| Dec 31, 2019 | -200,000.00 |