Innovate (VATE) Revenue (2010 - 2025)

Innovate (VATE) posted quarterly Revenue of $382.7 million for Q4 2025, up 61.75% year-over-year from $236.6 million in Q4 2024, and up 10.26% quarter-over-quarter from $347.1 million in Q3 2025.

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

Innovate's Revenue history runs 16 years deep, the most recent figure standing at $382.7 million for Q4 2025.

  • In Q4 2025, Revenue rose 61.75% year-over-year to $382.7 million; the TTM figure through Dec 2025 stood at $1.2 billion (up 12.55% YoY), while the FY2025 annual figure was $1.2 billion, up 12.55% from the prior year.
  • Revenue for Q4 2025 stood at $382.7 million, up from $347.1 million in the prior quarter.
  • The five-year high for Revenue was $423.0 million in Q3 2022, with the low at $171.8 million in Q1 2021.
  • The 5-year median for Revenue is $354.0 million (2023), against an average of $330.9 million.
  • The sharpest annual moves came in 2022 and 2024: Revenue surged 140.28% in 2022, then sank 35.46% in 2024.
  • Innovate's Revenue stood at $394.8 million in 2021, then advanced by 3.67% to $409.3 million in 2022, then fell by 11.8% to $361.0 million in 2023, then tumbled by 34.46% to $236.6 million in 2024, then surged by 61.75% to $382.7 million in 2025.
  • Business Quant data shows VATE's Revenue at $382.7 million in Q4 2025, $347.1 million in Q3 2025, and $242.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Quanta Services 102.18 Bn 101.77 Bn 1.55 Bn 9.56 Bn
2 Comfort Systems Usa 72.82 Bn 70.97 Bn 844.23 Mn 3.27 Bn
3 Ferrovial 47.62 Bn 42.63 Bn - -
4 Emcor 36.31 Bn 35.39 Bn 1.02 Bn 5.15 Bn
5 Mastec 20.38 Bn 20.19 Bn 556.28 Mn 4.37 Bn
6 Sterling Infrastructure 19.23 Bn 18.73 Bn 194.30 Mn 825.68 Mn
7 APi 17.20 Bn 16.35 Bn 703.00 Mn 2.25 Bn
8 Jacobs Solutions 16.40 Bn 15.02 Bn 794.89 Mn 3.69 Bn
9 IES Holdings 15.99 Bn 15.73 Bn 340.66 Mn 1.24 Bn
10 Innovate 101.71 Mn 507,135.29 58.90 Mn 382.70 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 382.70 Mn
Sep 30, 2025 347.10 Mn
Jun 30, 2025 242.00 Mn
Mar 31, 2025 274.20 Mn
Dec 31, 2024 236.60 Mn
Sep 30, 2024 242.20 Mn
Jun 30, 2024 313.10 Mn
Mar 31, 2024 315.20 Mn
Dec 31, 2023 361.00 Mn
Sep 30, 2023 375.30 Mn
Jun 30, 2023 368.80 Mn
Mar 31, 2023 317.90 Mn
Dec 31, 2022 409.30 Mn
Sep 30, 2022 423.00 Mn
Jun 30, 2022 392.20 Mn
Mar 31, 2022 412.80 Mn
Dec 31, 2021 394.80 Mn
Sep 30, 2021 394.80 Mn
Jun 30, 2021 243.80 Mn
Mar 31, 2021 171.80 Mn