Innovate (VATE) EBITDA (2010 - 2025)

Innovate's EBITDA history runs 16 years deep, the most recent figure standing at $20.1 million for 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 was $20.1 million for Q4 2025 at Innovate, up from $11.8 million in the prior quarter.
• In the past five years, EBITDA ranged from a high of $35.2 million in Q2 2024 to a low of -$6.2 million in Q1 2021.
• Historically, EBITDA has averaged $11.1 million across 5 years, with a median of $11.1 million in 2025.
• The sharpest annual moves came in 2022 and 2025: EBITDA surged 345.83% in 2022, then plunged 70.45% in 2025.
• A 5-year view of EBITDA shows it stood at $14.2 million in 2021, then slipped by 9.86% to $12.8 million in 2022, then surged by 59.38% to $20.4 million in 2023, then plunged by 58.33% to $8.5 million in 2024, then soared by 136.47% to $20.1 million in 2025.
• The last three EBITDA figures came in at $20.1 million (Q4 2025), $11.8 million (Q3 2025), and $10.4 million (Q2 2025), per Business Quant data.