Innovate (VATE) EBITDA (2010 - 2025)
Innovate (VATE) posted quarterly EBITDA of $20.1 million for Q4 2025, up 136.47% year-over-year from $8.5 million in Q4 2024, and up 70.34% on a QoQ basis from $11.8 million in Q3 2025.
Innovate (VATE) EBITDA (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported EBITDA for 16 consecutive years, with $20.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, EBITDA rose 136.47% year-over-year to $20.1 million; the TTM figure through Dec 2025 stood at $51.6 million (down 20.62% YoY), while the FY2025 annual figure was $51.6 million, down 20.62% from the prior year.
- EBITDA came in at $20.1 million for Q4 2025 at Innovate, up from $11.8 million in the prior quarter.
- The five-year high for EBITDA was $35.2 million in Q2 2024, with the low at -$6.2 million in Q1 2021.
- Average EBITDA over 5 years is $11.1 million, with a median of $11.1 million recorded in 2025.
- Across the five-year window, EBITDA surged 345.83% in 2022 and sank 70.45% in 2025, its largest moves.
- Year by year, EBITDA stood at $14.2 million in 2021, then fell by 9.86% to $12.8 million in 2022, then surged by 59.38% to $20.4 million in 2023, then sank by 58.33% to $8.5 million in 2024, then soared by 136.47% to $20.1 million in 2025.
- According to Business Quant data, EBITDA over the past three periods registered $20.1 million, $11.8 million, and $10.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 287.00 Mn |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 338.78 Mn |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 225.08 Mn |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 137.81 Mn |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 103.00 Mn |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | -81.18 Mn |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 112.26 Mn |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 247.76 Mn |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 77.68 Mn |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | 20.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 20.10 Mn |
| Sep 30, 2025 | 11.80 Mn |
| Jun 30, 2025 | 10.40 Mn |
| Mar 31, 2025 | 9.30 Mn |
| Dec 31, 2024 | 8.50 Mn |
| Sep 30, 2024 | 12.00 Mn |
| Jun 30, 2024 | 35.20 Mn |
| Mar 31, 2024 | 9.30 Mn |
| Dec 31, 2023 | 20.40 Mn |
| Sep 30, 2023 | 16.80 Mn |
| Jun 30, 2023 | 12.00 Mn |
| Mar 31, 2023 | 2.30 Mn |
| Dec 31, 2022 | 12.80 Mn |
| Sep 30, 2022 | 13.20 Mn |
| Jun 30, 2022 | 5.90 Mn |
| Mar 31, 2022 | 7.10 Mn |
| Dec 31, 2021 | 14.20 Mn |
| Sep 30, 2021 | 8.90 Mn |
| Jun 30, 2021 | -2.40 Mn |
| Mar 31, 2021 | -6.20 Mn |