Innovate (VATE) EBT (2010 - 2025)
Innovate (VATE) posted quarterly EBT of -$9.3 million for Q4 2025, up 37.58% year-over-year from -$6.8 million in Q4 2024, and up 44.31% on a QoQ basis from -$16.7 million in Q3 2025.
Innovate (VATE) EBT (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported EBT for 16 consecutive years, with -$9.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, EBT rose 37.58% year-over-year to -$9.3 million; the TTM figure through Dec 2025 stood at -$61.5 million (down 84.13% YoY), while the FY2025 annual figure was -$61.5 million, down 84.13% from the prior year.
- EBT came in at -$9.3 million for Q4 2025 at Innovate, up from -$16.7 million in the prior quarter.
- The five-year high for EBT was $11.4 million in Q2 2024, with the low at -$41.8 million in Q1 2021.
- Average EBT over 5 years is -$12.6 million, with a median of -$12.2 million recorded in 2022.
- Across the five-year window, EBT jumped 208.57% in 2024 and tumbled 247.37% in 2025, its largest moves.
- Year by year, EBT stood at -$3.7 million in 2021, then plunged by 116.22% to -$8.0 million in 2022, then slipped by 16.25% to -$9.3 million in 2023, then slumped by 60.22% to -$14.9 million in 2024, then soared by 37.58% to -$9.3 million in 2025.
- According to Business Quant data, EBT over the past three periods registered -$9.3 million, -$16.7 million, and -$16.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 146.60 Mn |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 256.36 Mn |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 91.50 Mn |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 137.44 Mn |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 71.00 Mn |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | -130.61 Mn |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 148.63 Mn |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 221.54 Mn |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 75.94 Mn |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | -9.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -9.30 Mn |
| Sep 30, 2025 | -16.70 Mn |
| Jun 30, 2025 | -16.80 Mn |
| Mar 31, 2025 | -18.70 Mn |
| Dec 31, 2024 | -14.90 Mn |
| Sep 30, 2024 | -13.10 Mn |
| Jun 30, 2024 | 11.40 Mn |
| Mar 31, 2024 | -16.80 Mn |
| Dec 31, 2023 | -9.30 Mn |
| Sep 30, 2023 | -7.50 Mn |
| Jun 30, 2023 | -10.50 Mn |
| Mar 31, 2023 | -7.10 Mn |
| Dec 31, 2022 | -8.00 Mn |
| Sep 30, 2022 | -8.70 Mn |
| Jun 30, 2022 | -11.90 Mn |
| Mar 31, 2022 | -12.50 Mn |
| Dec 31, 2021 | -3.70 Mn |
| Sep 30, 2021 | -14.10 Mn |
| Jun 30, 2021 | -21.10 Mn |
| Mar 31, 2021 | -41.80 Mn |