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
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