INNOVATE Corp.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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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.
Jun 30, 2026 · Filed Aug 6, 2026
VATE$5.42+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| June 30,2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $87.8 | $108.2 |
| Accounts receivable, net | 284.4 | 239.4 |
| Contract assets | 52.6 | 64.1 |
| Inventory | 14.8 | 16.0 |
| Current assets held for sale | 5.5 | 6.8 |
| Other current assets | 34.2 | 16.9 |
| Total current assets | 479.3 | 451.4 |
| Investments | 2.2 | 1.8 |
| Deferred tax asset | 2.0 | 2.0 |
| Property, plant and equipment, net | 136.3 | 131.6 |
| Goodwill | 105.7 | 105.6 |
| Intangibles, net | 44.0 | 47.3 |
| Assets held for sale | 169.5 | 167.7 |
| Other assets | 67.7 | 42.7 |
| Total assets | $1,006.7 | $950.1 |
| Liabilities, temporary equity and stockholders’ deficit | ||
| Current liabilities | ||
| Accounts payable | $137.2 | $140.5 |
| Accrued liabilities | 77.9 | 64.8 |
| Current portion of debt obligations | 553.9 | 518.6 |
| Contract liabilities | 182.7 | 171.9 |
| Current liabilities held for sale | 118.7 | 126.5 |
| Other current liabilities | 13.0 | 11.8 |
| Total current liabilities | 1,083.4 | 1,034.1 |
| Deferred tax liability | 1.9 | 2.1 |
| Debt obligations | 62.1 | 80.3 |
| Liabilities held for sale | 22.1 | 19.4 |
| Other liabilities | 57.2 | 29.5 |
| Total liabilities | 1,226.7 | 1,165.4 |
| Commitments and contingencies (Note 14) | ||
| Temporary equity | ||
| Preferred Stock Series A-3 and Preferred Stock Series A-4, $0.001 par value | 9.7 | 9.3 |
| Redeemable non-controlling interests | (1.1) | 1.6 |
| Total temporary equity | 8.6 | 10.9 |
| Stockholders’ deficit | ||
| Common stock, $0.001 par value | — | — |
| Shares authorized: 250,000,000; Shares issued: 13,818,904; Shares outstanding: 13,641,866 and 13,655,062, respectively | ||
| Additional paid-in capital | 352.9 | 350.1 |
| Treasury stock, at cost: 177,038 and 163,842 shares, respectively | (5.6) | (5.6) |
| Accumulated deficit | (588.6) | (582.5) |
| Accumulated other comprehensive loss | (1.9) | (2.1) |
| Total INNOVATE Corp. stockholders’ deficit | (243.2) | (240.1) |
| Non-controlling interests | 14.6 | 13.9 |
| Total stockholders’ deficit | (228.6) | (226.2) |
| Total liabilities, temporary equity and stockholders’ deficit | $1,006.7 | $950.1 |
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