INNOVATE Corp.
For the period ended Mar 31, 2026. Filed May 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 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
Item 1. Financial Statements (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in millions, except shares and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | $364.8 | $274.2 |
| Cost of revenue | 311.3 | 228.7 |
| Gross profit | 53.5 | 45.5 |
| Operating expenses: | ||
| Selling, general and administrative | 39.4 | 37.8 |
| Depreciation and amortization | 4.2 | 4.4 |
| Other operating income | (0.1) | (0.1) |
| Income from operations | 10.0 | 3.4 |
| Other (expense) income: | ||
| Interest expense | (24.5) | (20.2) |
| Loss from equity investees | — | (5.9) |
| Other income, net | 0.3 | 4.0 |
| Loss from operations before income taxes | (14.2) | (18.7) |
| Income tax expense | (2.9) | (7.1) |
| Net loss | (17.1) | (25.8) |
| Net loss attributable to non-controlling interests and redeemable non-controlling interests | 0.3 | 1.3 |
| Net loss attributable to INNOVATE Corp. | (16.8) | (24.5) |
| Less: Preferred stock dividends | 0.4 | 0.3 |
| Net loss attributable to common stockholders and participating preferred stockholders | $(17.2) | $(24.8) |
| Loss per common share - basic and diluted | $(1.29) | $(1.89) |
| Weighted-average common shares outstanding - basic and diluted | 13,344,976 | 13,114,804 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.