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| Date | Value |
|---|---|
| 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 |