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
DateValue
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