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Innovate (VATE) Operating Expenses (2016 - 2025)

Innovate has reported Operating Expenses over the past 16 years, most recently at $46.4 million for Q4 2025.

  • Quarterly results put Operating Expenses at $46.4 million for Q4 2025, up 673.33% from a year ago — trailing twelve months through Dec 2025 was $176.0 million (up 21.55% YoY), and the annual figure for FY2025 was $176.0 million, down 4.97%.
  • Operating Expenses for Q4 2025 was $46.4 million at Innovate, up from $45.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for VATE hit a ceiling of $56.1 million in Q4 2022 and a floor of $6.0 million in Q4 2024.
  • Median Operating Expenses over the past 5 years was $46.8 million (2023), compared with a mean of $43.6 million.
  • Biggest five-year swings in Operating Expenses: tumbled 91.14% in 2021 and later surged 673.33% in 2025.
  • Innovate's Operating Expenses stood at $54.7 million in 2021, then increased by 2.56% to $56.1 million in 2022, then crashed by 86.63% to $7.5 million in 2023, then decreased by 20.0% to $6.0 million in 2024, then surged by 673.33% to $46.4 million in 2025.
  • The last three reported values for Operating Expenses were $46.4 million (Q4 2025), $45.3 million (Q3 2025), and $40.6 million (Q2 2025) per Business Quant data.