Innovate (VATE) Operating Income (2010 - 2025)

Innovate (VATE) has reported Operating Income for 16 consecutive years, with $14.3 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Income rose 472.0% year-over-year to $14.3 million; the TTM figure through Dec 2025 stood at $28.7 million (down 28.25% YoY), while the FY2025 annual figure was $28.7 million, down 28.25% from the prior year.
• Operating Income came in at $14.3 million for Q4 2025 at Innovate, up from $6.1 million in the prior quarter.
• The five-year high for Operating Income was $28.8 million in Q2 2024, with the low at -$10.9 million in Q1 2021.
• Average Operating Income over 5 years is $4.9 million, with a median of $5.4 million recorded in 2023.
• The largest YoY upside for Operating Income was 1550.0% in 2023 against a maximum downside of 671.43% in 2023.
• Year by year, Operating Income stood at $6.9 million in 2021, then dropped by 5.8% to $6.5 million in 2022, then jumped by 115.38% to $14.0 million in 2023, then tumbled by 82.14% to $2.5 million in 2024, then soared by 472.0% to $14.3 million in 2025.
• According to Business Quant data, Operating Income over the past three periods registered $14.3 million, $6.1 million, and $4.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.