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INNOVATE Corp.

For the period ended Mar 31, 2026. Filed May 14, 2026.

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About 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

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Item 1. Financial Statements (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in millions, except shares and per share amounts)

Three Months Ended March 31,
20262025
Revenue$364.8$274.2
Cost of revenue311.3228.7
Gross profit53.545.5
Operating expenses:
Selling, general and administrative39.437.8
Depreciation and amortization4.24.4
Other operating income(0.1)(0.1)
Income from operations10.03.4
Other (expense) income:
Interest expense(24.5)(20.2)
Loss from equity investees—(5.9)
Other income, net0.34.0
Loss from operations before income taxes(14.2)(18.7)
Income tax expense(2.9)(7.1)
Net loss(17.1)(25.8)
Net loss attributable to non-controlling interests and redeemable non-controlling interests0.31.3
Net loss attributable to INNOVATE Corp.(16.8)(24.5)
Less: Preferred stock dividends0.40.3
Net loss attributable to common stockholders and participating preferred stockholders$(17.2)$(24.8)
Loss per common share - basic and diluted$(1.29)$(1.89)
Weighted-average common shares outstanding - basic and diluted13,344,97613,114,804
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.