Innovate (VATE) Operating Income (2010 - 2025)

Innovate's Operating Income history runs 16 years deep, the most recent figure standing at $14.3 million for 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 was $14.3 million for Q4 2025 at Innovate, up from $6.1 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $28.8 million in Q2 2024 to a low of -$10.9 million in Q1 2021.
• Historically, Operating Income has averaged $4.9 million across 5 years, with a median of $5.4 million in 2023.
• Biggest YoY gain for Operating Income was 1550.0% in 2023; the steepest drop was 671.43% in 2023.
• A 5-year view of Operating Income shows it stood at $6.9 million in 2021, then retreated by 5.8% to $6.5 million in 2022, then jumped by 115.38% to $14.0 million in 2023, then slumped by 82.14% to $2.5 million in 2024, then soared by 472.0% to $14.3 million in 2025.
• The last three Operating Income figures came in at $14.3 million (Q4 2025), $6.1 million (Q3 2025), and $4.9 million (Q2 2025), per Business Quant data.