INNOVATE Corp.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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FY2025 · Filed Mar 26, 2026
VATE$5.11-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Deficit
(in millions, except share amounts)
| Temporary Equity · Stockholders' (Deficit) Equity | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock and Redeemable Non-Controlling Interests · Common Stock · Additional Paid-In Capital · Treasury Stock · Accumulated Deficit · Accumulated Comprehensive Income (Loss) (a) · Total INNOVATE Stockholders' (Deficit) Equity · Non-Controlling Interests · Total Stockholders' (Deficit) Equity | ||||||||||||||||
| Shares(thousands) · Amount | ||||||||||||||||
| Balance as of December 31, 2023 | $15.4 | 7,923.5 | $— | $328.3 | $(5.4) | $(487.3) | $(1.1) | $(165.5) | $13.8 | $(151.7) | ||||||
| Share-based compensation | — | — | — | 3.4 | — | — | — | 3.4 | — | 3.4 | ||||||
| Preferred stock dividends | (0.3) | — | — | (1.2) | — | — | — | (1.2) | — | (1.2) | ||||||
| Issuance of common stock | — | 224.8 | — | — | — | — | — | — | — | — | ||||||
| Issuance of preferred stock in private placement | 31.3 | — | — | — | — | — | — | — | — | — | ||||||
| Rights offering, net of transaction costs | — | 530.6 | — | 1.9 | — | — | — | 1.9 | — | 1.9 | ||||||
| Series C Preferred Share Conversion | (31.3) | 4,469.4 | — | 31.3 | — | — | — | 31.3 | — | 31.3 | ||||||
| Reverse stock split | — | 113.1 | — | — | — | — | — | — | — | — | ||||||
| Effect of Series D investment in R2 Technologies | 1.1 | — | — | (13.2) | — | — | — | (13.2) | 12.1 | (1.1) | ||||||
| Distributions to non-controlling interests | — | — | — | — | — | — | — | — | (0.3) | (0.3) | ||||||
| Transactions with non-controlling interests | — | — | — | (0.4) | — | — | — | (0.4) | 0.2 | (0.2) | ||||||
| Net loss | (0.6) | — | — | — | — | (34.6) | — | (34.6) | (4.5) | (39.1) | ||||||
| Other comprehensive loss | — | — | — | — | — | — | (2.1) | (2.1) | (0.2) | (2.3) | ||||||
| Balance as of December 31, 2024 | $15.6 | 13,261.4 | $— | $350.1 | $(5.4) | $(521.9) | $(3.2) | $(180.4) | $21.1 | $(159.3) | ||||||
| Share-based compensation | — | — | — | 2.7 | — | — | — | 2.7 | — | 2.7 | ||||||
| Shares withheld to satisfy tax withholdings | — | (15.1) | — | — | (0.2) | — | — | (0.2) | — | (0.2) | ||||||
| Dividends | 2.2 | — | — | (3.4) | — | — | — | (3.4) | (1.6) | (5.0) | ||||||
| Issuance of common stock, net of forfeitures | — | 408.8 | — | — | — | — | — | — | — | — | ||||||
| Exchange of preferred stock for debt | (9.1) | — | — | — | — | — | — | — | — | — | ||||||
| Transactions with non-controlling interests and redeemable non-controlling interests | 2.9 | — | — | 0.2 | — | — | — | 0.2 | (3.0) | (2.8) | ||||||
| Other | — | — | — | 0.5 | — | — | — | 0.5 | — | 0.5 | ||||||
| Net loss | (0.7) | — | — | — | — | (60.6) | — | (60.6) | (2.7) | (63.3) | ||||||
| Other comprehensive income | — | — | — | — | — | — | 1.1 | 1.1 | 0.1 | 1.2 | ||||||
| Balance as of December 31, 2025 | $10.9 | 13,655.1 | $— | $350.1 | $(5.6) | $(582.5) | $(2.1) | $(240.1) | $13.9 | $(226.2) | ||||||
(a) Inclusive of other comprehensive income (loss), foreign currency cumulative translation adjustments totaled a loss of $3.3 million and $4.5 million as of December 31, 2025 and 2024, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.