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