Growth Metrics

Innovate (VATE) Cost of Revenue (2016 - 2025)

Innovate (VATE) has 16 years of Cost of Revenue data on record, last reported at $297.4 million in Q3 2025.

  • For Q3 2025, Cost of Revenue rose 53.3% year-over-year to $297.4 million; the TTM value through Sep 2025 reached $912.7 million, down 9.45%, while the annual FY2024 figure was $898.3 million, 25.58% down from the prior year.
  • Cost of Revenue reached $297.4 million in Q3 2025 per VATE's latest filing, up from $196.4 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $364.6 million in Q3 2022 and bottomed at $141.3 million in Q1 2021.
  • Average Cost of Revenue over 5 years is $277.1 million, with a median of $297.4 million recorded in 2025.
  • Peak YoY movement for Cost of Revenue: skyrocketed 156.9% in 2022, then tumbled 38.72% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $333.1 million in 2021, then increased by 3.99% to $346.4 million in 2022, then decreased by 13.42% to $299.9 million in 2023, then plummeted by 36.58% to $190.2 million in 2024, then skyrocketed by 56.36% to $297.4 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $297.4 million in Q3 2025, $196.4 million in Q2 2025, and $228.7 million in Q1 2025.