VATENYSEFabricated Structural Metal ProductsFiscal year ends December 31

INNOVATE Corp.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026

$5.95−0.05 (-0.83%)

Close on Oct 19, 2026

Market cap: $83.11M
P/E (TTM): –
Dividend yield: –

INNOVATE Corp. income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31
Revenue	1,246	1,107	1,423	1,637	1,205	717	1,077	1,977	1,634	1,558	1,121	547	231	303	412	282
Cost of Revenue	1,046	898	1,207	1,416	1,022	589	596	1,585	1,313	1,254	983	297	0	0	389	135
Gross Profit	200	209	216	221	184	128	481	392	321	304	138	251	231	303	23	147
Selling, General & Admin	153	160	168	180	168	146	177	218	183	153	109	80	35	45	42	113
Advertising Expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	5.30	9.00	8.00
Operating Expenses	–	–	–	–	–	–	–	2,033	1,635	1,560	1,120	561	270	355	453	288
Total Costs & Expenses	–	–	–	–	–	1,010	1,052	2,033	–	–	–	–	–	–	–	–
Operating Income	29	40	27	13	-11	-28	25	-56	-1.10	-1.50	0.71	-14	-39	-52	-41	-5.86
Interest Expense	89	75	68	52	59	75	76	76	55	43	39	12	0.01	0.03	0.09	35
Interest & Investment Income	0.70	2.60	1.30	–	–	–	–	–	–	–	–	–	–	–	–	–
Income from Equity Investments	-5.90	-2.30	-9.40	-1.30	-2.80	-3.40	1.60	15	18	11	-1.50	3.05	0	0	–	–
Other Non-Operating Income	4.70	3.40	17	-1.20	4.30	69	6.30	78	-13	-2.80	-6.82	0.70	-0.81	–	–	–
Asset Impairment Charges	0	0.10	1.80	2.10	2.80	14	50	1.00	1.80	2.40	0.55	0.29	3.12	20	15	6.16
Gain (Loss) on Investments	–	-0.20	16	–	–	–	0	34	0	0	0	0.43	0	0	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	1.10	2.80	-2.40	-0.17	-0.82	149	93	8.16	2.54
Pretax Income	-62	-33	-34	-41	-81	-47	-42	182	-40	-46	-47	-35	-25	-48	-42	-49
Income Tax Expense	2.50	6.30	4.50	0.90	5.60	7.00	-20	2.40	11	52	-11	-23	-7.44	-3.13	1.07	-6.52
Income from Continuing Operations	–	–	–	-36	-79	-60	-18	–	-50	-97	-36	-12	-18	-45	-44	-42
Income from Discontinued Operations	–	–	–	0	-150	-48	-14	–	0	0	-0.02	-0.15	129	-22	15	20
Net Income incl. Noncontrolling Interests	-64	-40	-39	-42	-236	-102	-36	180	-51	-97	-36	-12	112	28	-33	-19
Minority Interest in Earnings	-3.40	-5.10	-3.70	-6.10	-8.70	-10	-4.60	18	-3.60	-2.90	-0.20	2.56	0	-0.02	5.46	-0.11
Net Income	-61	-35	-35	-36	-228	-92	-32	162	-47	-95	-36	-14	112	28	-39	-19
Preferred Dividends	3.40	1.20	2.40	4.90	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	-64	-36	-38	-41	-230	-96	-32	156	-50	-105	-40	-16	112	28	-39	-19
EPS (Basic)(per share)	-4.84	-3.08	-4.81	-5.30	-29.80	-18.80	-7.00	–	-11.60	-28.30	-15.00	-8.30	79.50	20.20	-29.80	-19.60
EPS (Diluted)(per share)	-4.84	-3.08	-4.81	-5.30	-29.80	-18.80	-7.00	–	-11.60	-28.30	-15.00	-8.30	79.50	20.20	-29.80	-19.60
Shares Outstanding (Basic, Weighted)(shares)	13	11	7.81	7.75	7.71	5.03	4.48	4.43	4.28	3.73	2.65	1.97	1.40	1.38	1.30	0.97
Shares Outstanding (Diluted, Weighted)(shares)	13	11	7.81	7.75	7.71	5.03	4.48	4.68	4.28	3.73	2.65	1.97	1.40	1.38	1.30	0.97
Dividend per Share(per share)	–	–	–	–	–	–	–	–	–	–	0.00	0.00	85.80	40.90	–	–
EBITDA	59	73	63	56	27	-1.50	34	-17	36	27	33	-2.92	-15	-8.66	24	62
Premiums Earned	–	–	–	–	–	115	117	94	81	79	1.58	0	0	–	–	–
Net Investment Income	–	–	–	–	–	189	204	117	66	58	1.03	0	0	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 15.9%
Operating margin: 4.3%
Net margin: -1.5%
Return on equity, FY2025: 28.8%

Financial strength

Current ratio: 0.44
Debt to equity: -2.53
Debt to assets: 61.2%
Cash to current liabilities: 8.1%

Valuation

P/E ratio: –
Price to sales: 0.05
Price to book: –
Dividend yield: –