Innovate VATE
NYSE VATE
$7.17 +0.10 (+1.41%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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