Innovate (VATE) Operating Expenses (2010 - 2026)
Innovate (VATE) recorded Operating Expenses of $46.8 million in Q2 2026, up 15.3% from $40.6 million a year earlier.
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Analysis
Innovate (VATE) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Innovate's Operating Expenses came in at $179.1 million as of Jun 30, 2026, up 2.8% year-over-year; for FY2025, it came in at $176 million, down 5.0% from FY2024.
- Annual Operating Expenses has declined for three straight years, with a five-year compound annual growth rate of -29.5% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $185.2 million in FY2024 (-4.0%), $192.9 million in FY2023 (-6.2%), $205.7 million in FY2022 (+6.4%) and $193.3 million in FY2021 (-80.9%).
- The Q2 2026 figure is the highest quarterly Operating Expenses since Q2 2024.
- On a year-over-year basis, Operating Expenses rose in two of the last seven quarters, with an average decline of 2.7%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 17.2% in Q1 2022, against a decline of 86.8% in Q3 2021 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 91.03 Bn | 89.11 Bn | 1.55 Bn | 698.49 Mn |
| 2 | Ferrovial | 36.01 Bn | 14.26 Bn | - | - |
| 3 | Emcor | 31.14 Bn | 27.53 Bn | 1.02 Bn | 475.04 Mn |
| 4 | Jacobs Solutions | 16.52 Bn | 11.19 Bn | 810.70 Mn | 524.00 Mn |
| 5 | Mastec | 14.45 Bn | 13.23 Bn | 556.28 Mn | 292.57 Mn |
| 6 | Sterling Infrastructure | 12.71 Bn | 11.04 Bn | 289.96 Mn | 65.66 Mn |
| 7 | IES Holdings | 9.53 Bn | 8.39 Bn | 340.66 Mn | 162.17 Mn |
| 8 | Stantec | 7.98 Bn | 6.90 Bn | 1.36 Bn | 972.05 Mn |
| 9 | Aecom | 7.65 Bn | 2.77 Bn | -34.04 Mn | 46.45 Mn |
| 10 | Innovate | 76.50 Mn | -182.80 Mn | 79.50 Mn | 46.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Innovate Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=VATE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VATE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=VATE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();