INNOVATE Corp. (VATE) Earnings History
Net Loss30 years of earnings data (1996–2025) · Currently unprofitable on a TTM basis
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INNOVATE Corp. (VATE) Earnings Overview
As of June 30, 2026, INNOVATE Corp. (VATE) reported trailing twelve-month net income of -$53M, reflecting -77.3% year-over-year growth. The company earned $-3.96 per diluted share over the past four quarters, with a net profit margin of -4.9%.
Looking at the long-term picture, VATE's historical earnings data spans multiple years. The company achieved its highest annual net income of $478M in fiscal 2009.
INNOVATE Corp. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including CODI (-$227M net income, -12.2% margin), BBUC (-$610M net income, 0.1% margin), NX (-$257M net income, -13.6% margin), VATE has outperformed on profitability metrics. Compare VATE vs CODI →
VATE Earnings vs Peers
Earnings metrics vs comparable public companies
VATE Historical Earnings Data (1996–2025)
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$61M | -75.1% | $34M | $-4.84 | -4.9% | 2.7% |
| 2024 | -$35M | +1.7% | $40M | $-2.73 | -3.1% | 3.6% |
| 2023 | -$35M | +1.9% | $27M | $-4.78 | -2.5% | 1.9% |
| 2022 | -$36M | +84.2% | $13M | $-5.26 | -2.2% | 0.8% |
| 2021 | -$228M | -147.3% | -$11M | $-10.35 | -18.9% | -0.9% |
| 2020 | -$92M | -192.1% | -$28M | $-9.22 | -12.8% | -3.9% |
| 2019 | -$32M | -122.7% | $25M | $-3.93 | -2.9% | 2.3% |
| 2018 | $139M | +379.7% | -$56M | $29.70 | 7.0% | -2.8% |
| 2017 | -$50M | +52.8% | -$1M | $-11.61 | -3.0% | -0.1% |
| 2016 | -$105M | -164.6% | -$1M | $-28.26 | -6.8% | -0.1% |
| 2015 | -$40M | -144.4% | $2M | $-15.04 | -3.6% | 0.2% |
| 2014 | -$16M | +7.5% | -$14M | $-8.26 | -3.0% | -2.7% |
| 2013 | -$18M | +60.7% | -$39M | $-2.10 | -7.6% | -17.0% |
| 2012 | -$45M | -15.8% | -$9M | $-3.24 | -17.2% | -3.3% |
| 2011 | -$39M | -102.9% | $13M | $-2.98 | -3.9% | 1.3% |
| 2010 | -$19M | -104.0% | $13M | $-1.96 | -2.5% | 1.7% |
| 2009 | $478M | +2009.2% | $31M | $49.47 | 58.6% | 3.8% |
| 2008 | -$25M | -259.1% | $39M | $-0.40 | -2.8% | 4.3% |
| 2007 | $16M | +106.6% | $31M | $0.25 | 1.7% | 3.5% |
| 2006 | -$238M | -54.1% | -$213M | $-3.77 | -23.5% | -21.0% |
| 2005 | -$154M | -1359.0% | -$80M | $-2.45 | -13.0% | -6.7% |
| 2004 | -$11M | -119.3% | $39M | $-0.17 | -0.8% | 2.9% |
| 2003 | $55M | +258.2% | $70M | $0.54 | 4.3% | 5.4% |
| 2002 | -$35M | +88.7% | -$3M | $-0.54 | -3.4% | -0.3% |
| 2001 | -$306M | -75.3% | -$672M | $-5.72 | -28.3% | -62.1% |
| 2000 | -$175M | -54.9% | -$113M | $-4.39 | -14.6% | -9.4% |
| 1999 | -$113M | -77.1% | -$46M | $-3.71 | -13.5% | -5.6% |
| 1998 | -$64M | -75.6% | -$35M | $-2.60 | -15.1% | -8.3% |
| 1997 | -$36M | -313.5% | -$30M | $-1.99 | -12.9% | -10.7% |
| 1996 | -$9M | - | -$8M | $-0.63 | -5.1% | -4.7% |
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VATE — Frequently Asked Questions
Quick answers to the most common questions about buying VATE stock.
What is VATE earnings per share (EPS)?
VATE trailing twelve-month (TTM) diluted EPS is $-3.96, reflecting -77.3% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1996 to 2025 is available in the table on this page.
What is INNOVATE Corp.'s net income?
INNOVATE Corp. (VATE) trailing twelve-month net income is $-53M as of 2025. Earnings declined -77.3% year-over-year.
Is VATE profitable?
VATE is not currently profitable on a TTM basis, reporting a net loss of $-53M. Net margin is -4.9%. Investors should monitor for a return to profitability.
What is VATE's earnings growth rate?
VATE compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1996 to 2025.
What are VATE's profit margins?
INNOVATE Corp. net profit margin is -4.9%, operating margin is +2.7%, and gross margin is +14.6%. Below-average margins reflect competitive or cost pressures. Return on Equity is N/A.
Is VATE growing earnings?
VATE earnings are declining — EPS fell -77.3% year-over-year. TTM net income dropped to $-53M. This contrasts with the 5-year CAGR of N/A.
What was VATE's best earnings year?
INNOVATE Corp.'s highest annual net income on record is $478M, achieved in fiscal year 2009. Earnings history on this page spans 1996 to 2025 and includes all annual and quarterly figures.
What were VATE's earnings last quarter?
VATE's most recent reported quarter was Q1 2026. Net income was $-17M with diluted EPS of $-1.29. For a full breakdown of all quarters, see the quarterly earnings table on this page.