Cash Flow Statement
Growth Metrics

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.

  • For Q4 2025, Operating Expenses changed 0.0% year-over-year to $46.4 million; the TTM value through Dec 2025 reached $176.0 million, down 4.97%, while the annual FY2025 figure was $176.0 million, 4.97% down from the prior year.
  • Operating Expenses for Q4 2025 was $46.4 million at Innovate, up from $45.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $56.1 million in Q4 2022 and troughed at $40.6 million in Q2 2025.
  • A 5-year average of $47.7 million and a median of $47.6 million in 2023 define the central range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 123.87% in 2021 and fell as far as 91.14% in 2021.
  • Year by year, Operating Expenses stood at $54.7 million in 2021, then rose by 2.56% to $56.1 million in 2022, then decreased by 14.8% to $47.8 million in 2023, then dropped by 2.93% to $46.4 million in 2024, then changed by 0.0% to $46.4 million in 2025.
  • Business Quant data shows Operating Expenses for VATE at $46.4 million in Q4 2025, $45.3 million in Q3 2025, and $40.6 million in Q2 2025.