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
DateValue
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