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