Innovate (VATE) Receivables (2010 - 2025)

Innovate (VATE) posted quarterly Receivables of $128.2 million for Q4 2025, down 57.31% year-over-year from $300.3 million in Q4 2024, and down 62.99% quarter-over-quarter from $346.4 million in Q3 2025.

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

Innovate's Receivables history runs 16 years deep, the most recent figure standing at $128.2 million for Q4 2025.

  • In Q4 2025, Receivables fell 57.31% year-over-year to $128.2 million; the TTM figure through Dec 2025 stood at $128.2 million (down 57.31% YoY), while the FY2025 annual figure was $305.2 million, up 1.63% from the prior year.
  • Receivables for Q4 2025 stood at $128.2 million, down from $346.4 million in the prior quarter.
  • The five-year high for Receivables was $839.6 million in Q3 2021, with the low at $128.2 million in Q4 2025.
  • The 5-year median for Receivables is $405.5 million (2022), against an average of $440.5 million.
  • The sharpest annual moves came in 2021 and 2025: Receivables surged 85.64% in 2021, then plunged 57.31% in 2025.
  • Innovate's Receivables stood at $483.6 million in 2021, then dropped by 13.15% to $420.0 million in 2022, then decreased by 5.48% to $397.0 million in 2023, then decreased by 24.36% to $300.3 million in 2024, then slumped by 57.31% to $128.2 million in 2025.
  • Business Quant data shows VATE's Receivables at $128.2 million in Q4 2025, $346.4 million in Q3 2025, and $325.7 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Receivables (Qtr)
1 Quanta Services 102.18 Bn 101.77 Bn 1.55 Bn 10.07 Bn
2 Comfort Systems Usa 72.82 Bn 70.97 Bn 844.23 Mn 3.42 Bn
3 Ferrovial 47.62 Bn 42.63 Bn - 3.18 Bn
4 Emcor 36.31 Bn 35.39 Bn 1.02 Bn 5.50 Bn
5 Mastec 20.38 Bn 20.19 Bn 556.28 Mn 4.25 Bn
6 Sterling Infrastructure 19.23 Bn 18.73 Bn 194.30 Mn 521.13 Mn
7 APi 17.20 Bn 16.35 Bn 703.00 Mn 2.34 Bn
8 Jacobs Solutions 16.40 Bn 15.02 Bn 794.89 Mn 4.96 Bn
9 IES Holdings 15.99 Bn 15.73 Bn 340.66 Mn 753.73 Mn
10 Innovate 101.71 Mn 507,135.29 58.90 Mn 128.20 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 128.20 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 304.60 Mn
Jun 30, 2024 279.40 Mn
Mar 31, 2024 346.90 Mn
Dec 31, 2023 397.00 Mn
Sep 30, 2023 573.80 Mn
Jun 30, 2023 582.90 Mn
Mar 31, 2023 503.10 Mn
Dec 31, 2022 420.00 Mn
Sep 30, 2022 649.70 Mn
Jun 30, 2022 414.10 Mn
Mar 31, 2022 538.60 Mn
Dec 31, 2021 483.60 Mn
Sep 30, 2021 839.60 Mn
Jun 30, 2021 716.90 Mn
Mar 31, 2021 358.60 Mn