Innovate (VATE) Receivables (2010 - 2025)

Innovate (VATE) recorded quarterly Receivables of $305.2 million in Q4 2025, down 11.89% quarter-over-quarter from $346.4 million in Q3 2025, and up 1.63% on a YoY basis from $300.3 million in Q4 2024.

Innovate (VATE) Receivables (2010 - 2025) Analysis & Trends

Innovate's Receivables history runs 16 years deep, the most recent figure standing at $305.2 million for Q4 2025.

  • In Q4 2025, Receivables rose 1.63% year-over-year to $305.2 million; the TTM figure through Dec 2025 stood at $305.2 million (up 1.63% YoY), while the FY2025 annual figure was $305.2 million, up 1.63% from the prior year.
  • Receivables was $305.2 million for Q4 2025 at Innovate, down from $346.4 million in the prior quarter.
  • In the past five years, Receivables ranged from a high of $839.6 million in Q3 2021 to a low of $103.5 million in Q2 2024.
  • Historically, Receivables has averaged $402.2 million across 5 years, with a median of $377.8 million in 2021.
  • The sharpest annual moves came in 2022 and 2024: Receivables jumped 226.85% in 2022, then sank 77.93% in 2024.
  • A 5-year view of Receivables shows it stood at $128.5 million in 2021, then surged by 226.85% to $420.0 million in 2022, then slipped by 5.48% to $397.0 million in 2023, then slipped by 24.36% to $300.3 million in 2024, then climbed by 1.63% to $305.2 million in 2025.
  • The last three Receivables figures came in at $305.2 million (Q4 2025), $346.4 million (Q3 2025), and $325.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Receivables (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 7.60 Bn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 2.94 Bn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn 4.93 Bn
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 2.28 Bn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn -
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 2.08 Bn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 1.42 Bn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 773.95 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - 2.58 Bn
10 Innovate 231.31 Mn 133.11 Mn 58.90 Mn 305.20 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 305.20 Mn
Sep 30, 2025 346.40 Mn
Jun 30, 2025 325.70 Mn
Mar 31, 2025 299.80 Mn
Dec 31, 2024 300.30 Mn
Sep 30, 2024 298.30 Mn
Jun 30, 2024 103.50 Mn
Mar 31, 2024 351.50 Mn
Dec 31, 2023 397.00 Mn
Sep 30, 2023 461.80 Mn
Jun 30, 2023 468.90 Mn
Mar 31, 2023 433.90 Mn
Dec 31, 2022 420.00 Mn
Sep 30, 2022 649.70 Mn
Jun 30, 2022 423.80 Mn
Mar 31, 2022 415.00 Mn
Dec 31, 2021 128.50 Mn
Sep 30, 2021 839.60 Mn
Jun 30, 2021 716.90 Mn
Mar 31, 2021 358.60 Mn