Innovate (VATE) Profit After Tax (2010 - 2025)
Innovate (VATE) recorded quarterly Profit After Tax of -$4.2 million in Q4 2025, up 56.25% quarter-over-quarter from -$9.6 million in Q3 2025, and up 65.57% on a YoY basis from -$2.5 million in Q4 2024.
Innovate (VATE) Profit After Tax (2010 - 2025) Analysis & Trends
Innovate's Profit After Tax history runs 16 years deep, the most recent figure standing at -$4.2 million for Q4 2025.
- In Q4 2025, Profit After Tax rose 65.57% year-over-year to -$4.2 million; the TTM figure through Dec 2025 stood at -$60.6 million (down 84.19% YoY), while the FY2025 annual figure was -$60.6 million, down 75.14% from the prior year.
- Profit After Tax was -$4.2 million for Q4 2025 at Innovate, up from -$9.6 million in the prior quarter.
- In the past five years, Profit After Tax ranged from a high of $14.4 million in Q2 2024 to a low of -$25.8 million in Q1 2025.
- Historically, Profit After Tax has averaged -$10.2 million across 5 years, with a median of -$10.8 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Profit After Tax jumped 245.45% in 2024, then plunged 245.83% in 2025.
- A 5-year view of Profit After Tax shows it stood at -$4.7 million in 2021, then plunged by 151.06% to -$11.8 million in 2022, then jumped by 41.53% to -$6.9 million in 2023, then sank by 76.81% to -$12.2 million in 2024, then jumped by 65.57% to -$4.2 million in 2025.
- The last three Profit After Tax figures came in at -$4.2 million (Q4 2025), -$9.6 million (Q3 2025), and -$21.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 231.43 Mn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 370.38 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 305.48 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 69.66 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 103.77 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 57.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -88.41 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 110.31 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn | -4.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4.20 Mn |
| Sep 30, 2025 | -9.60 Mn |
| Jun 30, 2025 | -21.00 Mn |
| Mar 31, 2025 | -25.80 Mn |
| Dec 31, 2024 | -12.20 Mn |
| Sep 30, 2024 | -15.00 Mn |
| Jun 30, 2024 | 14.40 Mn |
| Mar 31, 2024 | -20.10 Mn |
| Dec 31, 2023 | -6.90 Mn |
| Sep 30, 2023 | -7.00 Mn |
| Jun 30, 2023 | -9.90 Mn |
| Mar 31, 2023 | -8.00 Mn |
| Dec 31, 2022 | -11.80 Mn |
| Sep 30, 2022 | -6.70 Mn |
| Jun 30, 2022 | -13.90 Mn |
| Mar 31, 2022 | -14.10 Mn |
| Dec 31, 2021 | -4.70 Mn |
| Sep 30, 2021 | -14.20 Mn |
| Jun 30, 2021 | -25.20 Mn |
| Mar 31, 2021 | 12.60 Mn |