Innovate (VATE) Tax Provisions (2010 - 2025)

Innovate (VATE) recorded quarterly Tax Provisions of -$1.7 million in Q4 2025, up 76.06% quarter-over-quarter from -$7.1 million in Q3 2025, and down 170.83% on a YoY basis from $2.4 million in Q4 2024.

Innovate (VATE) Tax Provisions (2010 - 2025) Analysis & Trends

Innovate's Tax Provisions history runs 16 years deep, the most recent figure standing at -$1.7 million for Q4 2025.

  • In Q4 2025, Tax Provisions fell 170.83% year-over-year to -$1.7 million; the TTM figure through Dec 2025 stood at $2.5 million (down 60.32% YoY), while the FY2025 annual figure was $2.5 million, down 60.32% from the prior year.
  • Tax Provisions was -$1.7 million for Q4 2025 at Innovate, up from -$7.1 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $7.1 million in Q1 2025 to a low of -$7.1 million in Q3 2025.
  • Historically, Tax Provisions has averaged $1.1 million across 5 years, with a median of $1.2 million in 2022.
  • The sharpest annual moves came in 2022 and 2025: Tax Provisions slumped 2100.0% in 2022, then soared 268.0% in 2025.
  • A 5-year view of Tax Provisions shows it stood at $1.8 million in 2021, then sank by 33.33% to $1.2 million in 2022, then grew by 8.33% to $1.3 million in 2023, then jumped by 84.62% to $2.4 million in 2024, then plunged by 170.83% to -$1.7 million in 2025.
  • The last three Tax Provisions figures came in at -$1.7 million (Q4 2025), -$7.1 million (Q3 2025), and $4.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 24.93 Mn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 111.77 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn 104.59 Mn
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 21.79 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 33.67 Mn
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 14.00 Mn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn -45.09 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 38.32 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - -
10 Innovate 231.31 Mn 133.11 Mn 58.90 Mn -1.70 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -1.70 Mn
Sep 30, 2025 -7.10 Mn
Jun 30, 2025 4.20 Mn
Mar 31, 2025 7.10 Mn
Dec 31, 2024 2.40 Mn
Sep 30, 2024 3.10 Mn
Jun 30, 2024 -2.50 Mn
Mar 31, 2024 3.30 Mn
Dec 31, 2023 1.30 Mn
Sep 30, 2023 1.10 Mn
Jun 30, 2023 1.20 Mn
Mar 31, 2023 900,000.00
Dec 31, 2022 1.20 Mn
Sep 30, 2022 -2.00 Mn
Jun 30, 2022 2.00 Mn
Mar 31, 2022 1.60 Mn
Dec 31, 2021 1.80 Mn
Sep 30, 2021 100,000.00
Jun 30, 2021 2.60 Mn
Mar 31, 2021 1.10 Mn