INNOVATE Corp.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(4) Accounts Receivable, Net
- Accounts Receivable, Net
Accounts receivable, net, consisted of the following (in millions):
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Contracts in progress | $237.0 | $184.9 |
| Unbilled retentions | 0.1 | 0.1 |
| Trade receivables | 3.6 | 3.3 |
| Other receivables | 0.6 | 5.8 |
| Allowance for expected credit losses | (0.2) | (0.1) |
| Total | $241.1 | $194.0 |
As of January 1, 2024, accounts receivable, net totaled $278.4 million.
For the years ended December 31, 2025 and 2024, the Company recognized expected credit losses of $0.5 million and a reversal of expected credit losses of $0.1 million, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.