Innovate (VATE) Operating Expenses (2010 - 2026)

Innovate's Operating Expenses history runs 16 years deep, the most recent figure standing at $40.6 million for Q4 2025.

• In Q4 2025, Operating Expenses changed 0.5% year-over-year to $40.6 million; the TTM figure through Dec 2025 stood at $153.1 million (down 4.43% YoY), while the FY2025 annual figure was $153.1 million, down 4.43% from the prior year.
• Operating Expenses for Q4 2025 stood at $40.6 million, up from $39.6 million in the prior quarter.
• The five-year high for Operating Expenses was $49.8 million in Q4 2022, with the low at $35.1 million in Q2 2025.
• The 5-year median for Operating Expenses is $41.2 million (2023), against an average of $41.5 million.
• Peak annual rise in Operating Expenses reached 120.68% in 2021, while the deepest fall reached 92.13% in 2021.
• Innovate's Operating Expenses stood at $47.4 million in 2021, then gained by 5.06% to $49.8 million in 2022, then decreased by 16.87% to $41.4 million in 2023, then slipped by 2.42% to $40.4 million in 2024, then gained by 0.5% to $40.6 million in 2025.
• Business Quant data shows VATE's Operating Expenses at $40.6 million in Q4 2025, $39.6 million in Q3 2025, and $35.1 million in Q2 2025.