Innovate (VATE) Revenue (2010 - 2025)

Innovate (VATE) recorded quarterly Revenue of $382.7 million in Q4 2025, up 10.26% quarter-over-quarter from $347.1 million in Q3 2025, and up 61.75% on a YoY basis from $236.6 million in Q4 2024.

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 was $382.7 million for Q4 2025 at Innovate, up from $347.1 million in the prior quarter.
  • In the past five years, Revenue ranged from a high of $423.0 million in Q3 2022 to a low of $171.8 million in Q1 2021.
  • Historically, Revenue has averaged $330.9 million across 5 years, with a median of $354.0 million in 2023.
  • The sharpest annual moves came in 2022 and 2024: Revenue soared 140.28% in 2022, then slumped 35.46% in 2024.
  • A 5-year view of Revenue shows it stood at $394.8 million in 2021, then climbed by 3.67% to $409.3 million in 2022, then retreated by 11.8% to $361.0 million in 2023, then plunged by 34.46% to $236.6 million in 2024, then soared by 61.75% to $382.7 million in 2025.
  • The last three Revenue figures came in at $382.7 million (Q4 2025), $347.1 million (Q3 2025), and $242.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Quanta Services 103.91 Bn 103.65 Bn 1.11 Bn 7.87 Bn
2 Comfort Systems Usa 65.18 Bn 64.13 Bn 754.41 Mn 2.87 Bn
3 Emcor 36.65 Bn 35.73 Bn 863.95 Mn 4.63 Bn
4 Mastec 28.10 Bn 27.94 Bn 477.90 Mn 3.83 Bn
5 Sterling Infrastructure 27.31 Bn 26.80 Bn 194.30 Mn 825.68 Mn
6 APi 18.18 Bn 17.54 Bn 620.00 Mn 1.98 Bn
7 IES Holdings 14.63 Bn 14.37 Bn 254.79 Mn 974.28 Mn
8 Jacobs Solutions 14.18 Bn 12.80 Bn 794.89 Mn 3.69 Bn
9 Dycom Industries 13.76 Bn 13.05 Bn - -
10 Innovate 251.80 Mn 153.60 Mn 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