Innovate (VATE) Net Income (2010 - 2025)

Innovate (VATE) posted quarterly Net Income of -$7.6 million for Q4 2025, up 56.07% year-over-year from -$4.9 million in Q4 2024, and up 20.83% on a QoQ basis from -$9.6 million in Q3 2025.

Innovate (VATE) Net Income (2010 - 2025) Analysis & Trends

Innovate (VATE) has reported Net Income for 14 consecutive years, with -$7.6 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Net Income rose 56.07% year-over-year to -$7.6 million; the TTM figure through Dec 2025 stood at -$64.0 million (down 61.21% YoY), while the FY2025 annual figure was -$64.0 million, down 61.21% from the prior year.
  • Net Income came in at -$7.6 million for Q4 2025 at Innovate, up from -$9.6 million in the prior quarter.
  • The five-year high for Net Income was $51.9 million in Q1 2021, with the low at -$200.3 million in Q3 2021.
  • Average Net Income over 4 years is -$19.5 million, with a median of -$10.6 million recorded in 2023.
  • Across the five-year window, Net Income tumbled 2542.68% in 2021 and jumped 218.8% in 2024, its largest moves.
  • Year by year, Net Income stood at -$200.3 million in 2021, then soared by 94.71% to -$10.6 million in 2023, then slumped by 63.21% to -$17.3 million in 2024, then jumped by 56.07% to -$7.6 million in 2025.
  • According to Business Quant data, Net Income over the past three periods registered -$7.6 million, -$9.6 million, and -$21.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Stantec 7,704.08 Bn 7,704.08 Bn 914.10 Mn 110.80 Mn
2 Quanta Services 103.60 Bn 103.33 Bn 1.11 Bn 231.43 Mn
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 69.71 Mn
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 103.77 Mn
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 57.00 Mn
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn -2.89 Mn
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 110.31 Mn
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn -4.25 Mn
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 55.69 Mn
10 Innovate 219.28 Mn 121.08 Mn 58.90 Mn -7.60 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -7.60 Mn
Sep 30, 2025 -9.60 Mn
Jun 30, 2025 -21.00 Mn
Mar 31, 2025 -25.80 Mn
Dec 31, 2024 -17.30 Mn
Sep 30, 2024 -16.20 Mn
Jun 30, 2024 13.90 Mn
Mar 31, 2024 -20.10 Mn
Dec 31, 2023 -10.60 Mn
Sep 30, 2023 -8.60 Mn
Jun 30, 2023 -11.70 Mn
Mar 31, 2023 -8.00 Mn
Sep 30, 2021 -200.30 Mn
Jun 30, 2021 -1.50 Mn
Mar 31, 2021 51.90 Mn
Dec 31, 2020 7.00 Mn
Sep 30, 2020 8.20 Mn
Jun 30, 2020 7.50 Mn
Mar 31, 2020 -71.10 Mn
Dec 31, 2019 -200,000.00