Innovate (VATE) Receivables - Net (2010 - 2025)
Innovate (VATE) recorded quarterly Receivables - Net of $241.1 million in Q4 2025, down 9.22% quarter-over-quarter from $265.6 million in Q3 2025, and up 24.28% on a YoY basis from $194.0 million in Q4 2024.
Innovate (VATE) Receivables - Net (2010 - 2025) Analysis & Trends
Innovate's Receivables - Net history runs 16 years deep, the most recent figure standing at $241.1 million for Q4 2025.
- In Q4 2025, Receivables - Net rose 24.28% year-over-year to $241.1 million; the TTM figure through Dec 2025 stood at $241.1 million (up 24.28% YoY), while the FY2025 annual figure was $241.1 million, up 24.28% from the prior year.
- Receivables - Net was $241.1 million for Q4 2025 at Innovate, down from $265.6 million in the prior quarter.
- In the past five years, Receivables - Net ranged from a high of $425.0 million in Q3 2021 to a low of $2.3 million in Q2 2024.
- Historically, Receivables - Net has averaged $239.7 million across 5 years, with a median of $260.2 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Receivables - Net plunged 99.22% in 2024, then soared 10452.17% in 2025.
- A 5-year view of Receivables - Net shows it stood at $9.9 million in 2021, then surged by 2474.75% to $254.9 million in 2022, then advanced by 9.22% to $278.4 million in 2023, then plunged by 30.32% to $194.0 million in 2024, then climbed by 24.28% to $241.1 million in 2025.
- The last three Receivables - Net figures came in at $241.1 million (Q4 2025), $265.6 million (Q3 2025), and $242.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - |
| 10 | Innovate | 231.31 Mn | 133.11 Mn | 58.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 241.10 Mn |
| Dec 31, 2025 | 241.10 Mn |
| Sep 30, 2025 | 265.60 Mn |
| Sep 30, 2025 | 265.60 Mn |
| Jun 30, 2025 | 242.70 Mn |
| Jun 30, 2025 | 242.70 Mn |
| Mar 31, 2025 | 164.50 Mn |
| Mar 31, 2025 | 164.50 Mn |
| Dec 31, 2024 | 194.00 Mn |
| Dec 31, 2024 | 194.00 Mn |
| Sep 30, 2024 | 184.50 Mn |
| Sep 30, 2024 | 184.50 Mn |
| Jun 30, 2024 | 2.30 Mn |
| Jun 30, 2024 | 2.30 Mn |
| Mar 31, 2024 | 269.30 Mn |
| Mar 31, 2024 | 269.30 Mn |
| Dec 31, 2023 | 278.40 Mn |
| Dec 31, 2023 | 278.40 Mn |
| Sep 30, 2023 | 290.80 Mn |
| Sep 30, 2023 | 290.80 Mn |