Innovate (VATE) Operating Expenses (2010 - 2025)

Innovate (VATE) has reported Operating Expenses for 16 consecutive years, with $46.4 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Expenses changed 0.0% year-over-year to $46.4 million; the TTM figure through Dec 2025 stood at $176.0 million (down 4.97% YoY), while the FY2025 annual figure was $176.0 million, down 4.97% from the prior year.
• Operating Expenses came in at $46.4 million for Q4 2025 at Innovate, up from $45.3 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 $47.7 million, with a median of $47.6 million recorded in 2023.
• The largest YoY upside for Operating Expenses was 123.87% in 2021 against a maximum downside of 91.14% in 2021.
• Year by year, Operating Expenses stood at $54.7 million in 2021, then gained by 2.56% to $56.1 million in 2022, then slipped by 14.8% to $47.8 million in 2023, then declined by 2.93% to $46.4 million in 2024, then changed by 0.0% to $46.4 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $46.4 million, $45.3 million, and $40.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.