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| 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 |