Innovate (VATE) Interest Expenses (2010 - 2026)
Innovate (VATE) posted Interest Expenses of $27.6 million for Q2 2026, up 15.0% on a QoQ basis from $24.0 million in Q4 2025, and up 28.97% year-over-year from $21.4 million in Q2 2025.
Analysis
Innovate (VATE) Interest Expenses (2010 - 2026) Analysis & Trends
Innovate has reported Interest Expenses for 17 years, with the latest figure at $27.6 million in Q2 2026.
- On a quarterly basis, Interest Expenses rose 28.97% year-over-year to $27.6 million in Q2 2026; TTM through Jun 2026 was $96.4 million, a 1116.4% increase from a year earlier, with the FY2025 full-year figure at $89.0 million, up 355900.0% from the prior year.
- Interest Expenses was $27.6 million for Q2 2026 at Innovate, up from $24.0 million in the prior quarter.
- The five-year high for Interest Expenses was $27.6 million in Q2 2026, with the low at -$54.9 million in Q4 2024.
- Average Interest Expenses over 5 years is $10.0 million, with a median of $16.5 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Interest Expenses sank 449.26% in 2023, then soared 143.74% in 2025.
- Over 5 years, Interest Expenses stood at $13.6 million in 2022, then tumbled by 449.26% to -$47.5 million in 2023, then decreased by 15.53% to -$54.9 million in 2024, then jumped by 143.74% to $24.0 million in 2025, then rose by 15.0% to $27.6 million in 2026.
- The last three Interest Expenses figures came in at $27.6 million (Q2 2026), $24.0 million (Q4 2025), and $23.4 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn | - |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn | 54.65 Mn |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn | 3.09 Mn |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn | 47.64 Mn |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn | - |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn | 11.00 Mn |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn | - |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn | 10.50 Mn |
| 10 | Innovate | 97.81 Mn | 24.61 Mn | 79.50 Mn | 27.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.60 Mn |
| Dec 31, 2025 | 24.00 Mn |
| Sep 30, 2025 | 23.40 Mn |
| Jun 30, 2025 | 21.40 Mn |
| Mar 31, 2025 | 20.20 Mn |
| Dec 31, 2024 | -54.88 Mn |
| Sep 30, 2024 | 21.20 Mn |
| Jun 30, 2024 | 16.50 Mn |
| Mar 31, 2024 | 17.20 Mn |
| Dec 31, 2023 | -47.50 Mn |
| Sep 30, 2023 | 17.10 Mn |
| Jun 30, 2023 | 16.30 Mn |
| Mar 31, 2023 | 15.60 Mn |
| Dec 31, 2022 | 13.60 Mn |
| Sep 30, 2022 | 13.30 Mn |
| Jun 30, 2022 | 12.50 Mn |
| Mar 31, 2022 | 12.60 Mn |
| Dec 31, 2021 | 12.50 Mn |
| Sep 30, 2021 | 12.80 Mn |
| Jun 30, 2021 | 12.40 Mn |