Innovate (VATE) Total Debt (2010 - 2025)
Innovate (VATE) posted quarterly Total Debt of $596.4 million for Q4 2025, up 228.6% year-over-year from $181.5 million in Q4 2024, and up 4.3% quarter-over-quarter from $571.8 million in Q3 2025.
Innovate (VATE) Total Debt (2010 - 2025) Analysis & Trends
Innovate's Total Debt history runs 16 years deep, the most recent figure standing at $596.4 million for Q4 2025.
- In Q4 2025, Total Debt rose 228.6% year-over-year to $596.4 million; the TTM figure through Dec 2025 stood at $596.4 million (up 228.6% YoY), while the FY2025 annual figure was $596.4 million, up 228.6% from the prior year.
- Total Debt for Q4 2025 stood at $596.4 million, up from $571.8 million in the prior quarter.
- The five-year high for Total Debt was $596.4 million in Q4 2025, with the low at $36.7 million in Q1 2024.
- The 5-year median for Total Debt is $159.9 million (2022), against an average of $233.7 million.
- The sharpest annual moves came in 2021 and 2025: Total Debt plunged 83.78% in 2021, then jumped 1463.76% in 2025.
- Innovate's Total Debt stood at $99.9 million in 2021, then jumped by 38.44% to $138.3 million in 2022, then plunged by 52.57% to $65.6 million in 2023, then soared by 176.68% to $181.5 million in 2024, then soared by 228.6% to $596.4 million in 2025.
- Business Quant data shows VATE's Total Debt at $596.4 million in Q4 2025, $571.8 million in Q3 2025, and $507.5 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 6.10 Bn |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 54.06 Mn |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | 1.25 Bn |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | - |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 2.74 Bn |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 287.46 Mn |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 3.83 Bn |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | 4.08 Bn |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | - |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 58.90 Mn | 596.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 596.40 Mn |
| Sep 30, 2025 | 571.80 Mn |
| Jun 30, 2025 | 507.50 Mn |
| Mar 31, 2025 | 573.90 Mn |
| Dec 31, 2024 | 181.50 Mn |
| Sep 30, 2024 | 264.20 Mn |
| Jun 30, 2024 | 75.20 Mn |
| Mar 31, 2024 | 36.70 Mn |
| Dec 31, 2023 | 65.60 Mn |
| Sep 30, 2023 | 255.80 Mn |
| Jun 30, 2023 | 318.90 Mn |
| Mar 31, 2023 | 45.40 Mn |
| Dec 31, 2022 | 138.30 Mn |
| Sep 30, 2022 | 98.90 Mn |
| Jun 30, 2022 | 78.00 Mn |
| Mar 31, 2022 | 183.60 Mn |
| Dec 31, 2021 | 99.90 Mn |
| Sep 30, 2021 | 401.10 Mn |
| Jun 30, 2021 | 97.70 Mn |
| Mar 31, 2021 | 82.80 Mn |