Innovate (VATE) Total Debt (2010 - 2025)

Innovate (VATE) posted quarterly Total Debt of $581.4 million for Q4 2025, up 258.45% year-over-year from $162.2 million in Q4 2024, and up 1.68% on a QoQ basis from $571.8 million in Q3 2025.

Innovate (VATE) Total Debt (2010 - 2025) Analysis & Trends

Innovate (VATE) has reported Total Debt for 16 consecutive years, with $581.4 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Total Debt rose 258.45% year-over-year to $581.4 million; the TTM figure through Dec 2025 stood at $581.4 million (up 258.45% YoY), while the FY2025 annual figure was $581.4 million, up 258.45% from the prior year.
  • Total Debt came in at $581.4 million for Q4 2025 at Innovate, up from $571.8 million in the prior quarter.
  • The five-year high for Total Debt was $581.4 million in Q4 2025, with the low at $30.5 million in Q4 2023.
  • Average Total Debt over 5 years is $179.9 million, with a median of $80.8 million recorded in 2022.
  • Across the five-year window, Total Debt slumped 83.97% in 2021 and surged 1430.7% in 2025, its largest moves.
  • Year by year, Total Debt stood at $69.5 million in 2021, then tumbled by 55.97% to $30.6 million in 2022, then dropped by 0.33% to $30.5 million in 2023, then jumped by 431.8% to $162.2 million in 2024, then surged by 258.45% to $581.4 million in 2025.
  • According to Business Quant data, Total Debt over the past three periods registered $581.4 million, $571.8 million, and $477.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Stantec 7,704.08 Bn 7,704.08 Bn 914.10 Mn 1.34 Bn
2 Quanta Services 103.60 Bn 103.33 Bn 1.11 Bn 5.89 Bn
3 Mastec 30.47 Bn 30.31 Bn 477.90 Mn 2.53 Bn
4 Sterling Infrastructure 23.80 Bn 23.30 Bn 194.30 Mn 287.46 Mn
5 APi 18.02 Bn 17.38 Bn 620.00 Mn 2.76 Bn
6 Jacobs Solutions 14.73 Bn 13.35 Bn 794.89 Mn 4.08 Bn
7 IES Holdings 13.95 Bn 13.69 Bn 254.79 Mn 35.00 Mn
8 Aecom 8.61 Bn 7.78 Bn 296.50 Mn 2.71 Bn
9 Everus Construction 7.72 Bn 7.42 Bn 130.73 Mn 278.02 Mn
10 Innovate 219.28 Mn 121.08 Mn 58.90 Mn 581.40 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 581.40 Mn
Sep 30, 2025 571.80 Mn
Jun 30, 2025 477.50 Mn
Mar 31, 2025 523.50 Mn
Dec 31, 2024 162.20 Mn
Sep 30, 2024 189.20 Mn
Jun 30, 2024 50.20 Mn
Mar 31, 2024 34.20 Mn
Dec 31, 2023 30.50 Mn
Sep 30, 2023 162.80 Mn
Jun 30, 2023 222.40 Mn
Mar 31, 2023 32.90 Mn
Dec 31, 2022 30.60 Mn
Sep 30, 2022 81.40 Mn
Jun 30, 2022 73.00 Mn
Mar 31, 2022 80.10 Mn
Dec 31, 2021 69.50 Mn
Sep 30, 2021 71.10 Mn
Jun 30, 2021 70.20 Mn
Mar 31, 2021 82.80 Mn