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

Innovate (VATE) Operating Expenses (2010 - 2026)

Innovate (VATE) posted Operating Expenses of $46.8 million for Q2 2026, up 0.86% on a QoQ basis from $46.4 million in Q4 2025, and up 15.27% year-over-year from $40.6 million in Q2 2025.

Analysis

Innovate (VATE) Operating Expenses (2010 - 2026) Analysis & Trends

Innovate has reported Operating Expenses for 17 years, with the latest figure at $46.8 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 15.27% year-over-year to $46.8 million in Q2 2026; TTM through Jun 2026 was $179.1 million, a 2.81% increase from a year earlier, with the FY2025 full-year figure at $176.0 million, down 4.97% from the prior year.
  • Operating Expenses was $46.8 million for Q2 2026 at Innovate, up from $46.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $56.1 million in Q4 2022, with the low at $40.6 million in Q2 2025.
  • Average Operating Expenses over 5 years is $47.5 million, with a median of $47.3 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses climbed 17.22% in 2022, then slipped 17.65% in 2025.
  • Over 5 years, Operating Expenses stood at $56.1 million in 2022, then fell by 14.8% to $47.8 million in 2023, then slipped by 2.93% to $46.4 million in 2024, then changed by 0.0% to $46.4 million in 2025, then rose by 0.86% to $46.8 million in 2026.
  • The last three Operating Expenses figures came in at $46.8 million (Q2 2026), $46.4 million (Q4 2025), and $45.3 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ferrovial 40.46 Bn 37.11 Bn - -
2 Emcor 34.53 Bn 33.61 Bn 1.02 Bn 475.04 Mn
3 Jacobs Solutions 16.62 Bn 15.43 Bn 810.70 Mn 524.00 Mn
4 Sterling Infrastructure 15.68 Bn 15.25 Bn 289.96 Mn 65.66 Mn
5 Aecom 8.18 Bn 7.37 Bn -34.04 Mn 46.45 Mn
6 Stantec 7.95 Bn 7.95 Bn 1.36 Bn 963.15 Mn
7 Fluor 7.35 Bn 4.40 Bn 179.00 Mn 41.00 Mn
8 Argan 5.81 Bn 5.26 Bn 74.22 Mn 17.41 Mn
9 Installed Building Products 5.43 Bn 5.03 Bn 258.90 Mn 164.30 Mn
10 Innovate 97.81 Mn 24.61 Mn 79.50 Mn 46.80 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 46.80 Mn
Dec 31, 2025 46.40 Mn
Sep 30, 2025 45.30 Mn
Jun 30, 2025 40.60 Mn
Mar 31, 2025 43.70 Mn
Dec 31, 2024 46.40 Mn
Sep 30, 2024 43.50 Mn
Jun 30, 2024 49.30 Mn
Mar 31, 2024 46.00 Mn
Dec 31, 2023 47.80 Mn
Sep 30, 2023 49.90 Mn
Jun 30, 2023 47.30 Mn
Mar 31, 2023 48.00 Mn
Dec 31, 2022 56.10 Mn
Sep 30, 2022 52.20 Mn
Jun 30, 2022 48.40 Mn
Mar 31, 2022 49.00 Mn
Dec 31, 2021 54.70 Mn
Sep 30, 2021 52.10 Mn
Jun 30, 2021 44.80 Mn