INNOVATE Corp.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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Sep 30, 2025 · Filed Nov 12, 2025
VATE$5.42+3.0%Stored close · as of Nov 9, 2026
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(4) Accounts Receivable, Net
- Accounts Receivable, Net
Accounts receivable, net, consisted of the following (in millions):
| September 30,2025 | December 31, 2024 | |
|---|---|---|
| Contracts in progress | $260.2 | $184.9 |
| Unbilled retentions | 0.1 | 0.1 |
| Trade receivables | 4.1 | 3.3 |
| Other receivables | 1.3 | 5.8 |
| Allowance for expected credit losses | (0.1) | (0.1) |
| Total | $265.6 | $194.0 |
As of January 1, 2024, accounts receivable, net totaled $278.4 million.
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