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% quarter-over-quarter from -$16.7 million in Q3 2025.

Innovate (VATE) EBT (2010 - 2025) Analysis & Trends

Innovate's EBT history runs 16 years deep, the most recent figure standing at -$9.3 million for 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 for Q4 2025 stood at -$9.3 million, 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.
  • The 5-year median for EBT is -$12.2 million (2022), against an average of -$12.6 million.
  • The sharpest annual moves came in 2024 and 2025: EBT soared 208.57% in 2024, then sank 247.37% in 2025.
  • Innovate's EBT stood at -$3.7 million in 2021, then slumped by 116.22% to -$8.0 million in 2022, then declined by 16.25% to -$9.3 million in 2023, then plunged by 60.22% to -$14.9 million in 2024, then surged by 37.58% to -$9.3 million in 2025.
  • Business Quant data shows VATE's EBT at -$9.3 million in Q4 2025, -$16.7 million in Q3 2025, and -$16.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Quanta Services 98.57 Bn 98.48 Bn 1.55 Bn 617.16 Mn
2 Comfort Systems Usa 69.82 Bn 67.96 Bn 844.23 Mn 566.24 Mn
3 Ferrovial 46.93 Bn 41.94 Bn - -
4 Emcor 35.79 Bn 34.87 Bn 1.02 Bn 551.66 Mn
5 Mastec 25.30 Bn 25.14 Bn 556.28 Mn 193.73 Mn
6 Sterling Infrastructure 18.27 Bn 17.76 Bn 194.30 Mn 137.44 Mn
7 APi 17.00 Bn 16.35 Bn 703.00 Mn 138.00 Mn
8 Jacobs Solutions 15.69 Bn 14.31 Bn 794.89 Mn -130.61 Mn
9 IES Holdings 12.60 Bn 12.34 Bn 254.79 Mn 148.63 Mn
10 Innovate 113.32 Mn 12.12 Mn 58.90 Mn -9.30 Mn

Historic Data

Download Data
DateValue
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