VATE
Innovate CorpNYSE
Industrials • Engineering & Construction
Factor tilt: Micro-Cap Blend
$5.26+5.84%
Close Nov 6, 2026
- Market cap
- $73.47M
- 1 month
- -26.9%
- 3 months
- -26.2%
- 1 year
- -9.9%
- 52-week range
- $3.98$20.06
- Dividend
- No payments on record
- Short interest
- 16.6% of float557.3K shares · settled Oct 15, 2026 · +0.4% since Sep 30, 2026 · FINRA
Fundamentals · trailing 12 months to Jun 30, 2026
- Revenue
- $1.52B
- Net income
- -$22.4M
- Free cash flow
- $106M
- Book value
- —
- Total debt
- $682.4M
- P/E
- —
- Price / sales
- 0×
- Price / book
- —
- FCF yield
- +144.3%
- Net margin
- -1.5%
EODHD (TTM) · as of Nov 6, 2026
End-of-day close from stored market data, not a live quote.
About Innovate Corp
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments.
Read more
The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.
- Website
- innovatecorp.com
- Headquarters
- New York, NY, United States
- Employees
- 3,587
- Listed
- Jul 13, 2009
- Fiscal year ends
- December
Company profile from EODHD, stored Oct 25, 2026.
Quarterly results
The last 8 fiscal quarters as reported (EODHD). Year over year compares the same quarter a year earlier.
| Quarter | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Jun 2026filed Aug 6, 2026 | $421.6M | +74.2% | 18.9% | $34.5M | $10.7M |
| Mar 2026filed May 14, 2026 | $364.8M | +33.0% | 13.5% | $11.1M | -$16.8M |
| Dec 2025filed Mar 26, 2026 | $382.7M | +61.7% | 14.2% | $15.2M | -$7.4M |
| Sep 2025filed Nov 12, 2025 | $347.1M | +43.3% | 13.1% | $7.1M | -$8.9M |
| Jun 2025filed Aug 5, 2025 | $242.0M | -22.7% | 18.8% | $4.9M | -$19.8M |
| Mar 2025filed May 6, 2025 | $274.2M | -13.0% | 15.0% | $4.4M | -$24.5M |
| Dec 2024filed Mar 31, 2025 | $236.6M | -34.5% | 19.6% | $2.5M | -$16.6M |
| Sep 2024filed Nov 6, 2024 | $242.2M | -35.5% | 19.9% | $5.9M | -$15.0M |
Fiscal years · last 6
| Fiscal year | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Dec 2025filed Mar 26, 2026 | $1.2B | +12.5% | 14.6% | $34.2M | -$60.6M |
| Dec 2024filed Mar 31, 2025 | $1.1B | -22.2% | 18.9% | $40.0M | -$34.6M |
| Dec 2023filed Mar 6, 2024 | $1.4B | -13.1% | 15.2% | $26.5M | -$35.2M |
| Dec 2022filed Mar 14, 2023 | $1.6B | +35.9% | 13.5% | $13.4M | -$35.9M |
| Dec 2021filed Mar 9, 2022 | $1.2B | +68.1% | 15.2% | -$10.6M | -$227.5M |
| Dec 2020filed Mar 10, 2021 | $716.9M | -33.4% | 17.9% | -$28.3M | -$92.0M |
Short-interest history
FINRA reports open short positions for a settlement date. The publication date is later. These are reported positions, with a separate date for each observation.
Compare the reported short exposure around the dates you bought, sold or watched VATE. A long position benefits from price rises; a short position benefits from falls. A change in these counts does not predict either move.
Settlement Oct 15, 2026
557,315 shares short
+2,051 shares (+0.4%) vs Sep 30, 2026
16.6% of the stored float. Published Oct 26, 2026.
Settlement Sep 30, 2026
555,264 shares short
-44,636 shares (-7.4%) vs Sep 15, 2026
13.3% of the stored float. Published Oct 9, 2026.
Settlement Sep 15, 2026
599,900 shares short
+54,036 shares (+9.9%) vs Aug 31, 2026
Share of float unavailable. Published Sep 24, 2026.
Settlement Aug 31, 2026
545,864 shares short
+52,918 shares (+10.7%) vs Aug 14, 2026
Share of float unavailable. Published Sep 10, 2026.
Settlement Aug 14, 2026
492,946 shares short
+54,640 shares (+12.5%) vs Jul 31, 2026
Share of float unavailable. Published Aug 25, 2026.
Settlement Jul 31, 2026
438,306 shares short
-17,698 shares (-3.9%) vs Jul 15, 2026
Share of float unavailable. Published Aug 11, 2026.
Change = this settlement’s shares short − the previous recorded settlement’s shares short; percentage change divides by that earlier count. A zero earlier count has no percentage change. Split-spanning counts are left uncompared. Float percentages use the stored settlement observation, not today’s float.
Source: stored FINRA equity short-interest records, up to six settlements from the last 240 days. FINRA data and reporting dates · How to read short interest
Dividends and stock splits
See the recorded cash amounts and dates behind VATE’s income, and the splits that change its share count. Dates below are stored event records, not confirmation of a payment to your account.
Cash-dividend records
The newest stored ex-date is Aug 28, 2013. These are historical records; a current dividend schedule is unavailable.
USD 8.5 per share
Ex-dividend date: Aug 28, 2013
Recorded pay date: Aug 27, 2013 (past date)
Cash dividend · Polygon event record
USD 0.5 per share
Ex-dividend date: Dec 19, 2012
Recorded pay date: Dec 28, 2012 (past date)
Cash dividend · Polygon event record
USD 2.5 per share
Ex-dividend date: Nov 23, 2012
Recorded pay date: Dec 11, 2012 (past date)
Cash dividend · Polygon event record
USD 1 per share
Ex-dividend date: Jun 28, 2012
Recorded pay date: Jul 16, 2012 (past date)
Cash dividend · Polygon event record
Up to six Polygon cash-dividend events, including recorded ex-dates within the next 120 days. Amounts retain their recorded currency and decimal precision. Historical amounts are not restated to a common split basis, annualized, or converted to dollars.
For a long holding, compare the ex-date with when you held the shares and check the pay date against your broker’s cash history. Owning the stock today does not establish past entitlement. For a short holding, a dividend can create a payment obligation to the share lender.
Ex-dates and special dividend rules · Short-sale dividend obligations · Dividend data definitions
Split history
1 for 10 · reverse split
Effective Aug 9, 2024
Each 10 pre-split shares become 1 post-split share.
Source: EODHD
419 for 416 · forward split
Effective Mar 5, 2024
Each 416 pre-split shares become 419 post-split shares.
Source: EODHD
1291 for 1289 · forward split
Effective Oct 8, 2020
Each 1289 pre-split shares become 1291 post-split shares.
Source: EODHD
Up to six stored split dates through Nov 7, 2026. Equivalent vendor ratios are combined; conflicting ratios are left out. This history may be incomplete.
A split changes the share count and per-share price basis; it does not by itself add investment value. Put your holding’s earlier and later share counts on the same basis before comparing them. This applies to both long shares and shares owed on a short position.
How stock splits workPortfolio context
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Smart money context
Holder IQ: MEDIUM
9 smart-money holders: institutions with a high Holder IQ
Q2 2026, filed Sep 22, 2026
Smart-money 13F trend: unchanged (light)
Unlock crowding heatmapUnlock filer discoveryInsider context
Sentiment: unknown
No recent insider trades detected.
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
No directional recent-activity label is available. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Red flags: 0
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
No directional recent-activity label is available. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Largest 13-F holders · Q2 2026
49 filers reported a long position in VATE for Q2 2026. 13-F holdings are filed up to 45 days after the quarter ends.
The top 10 hold
85.1%
of the 3.1M shares 13-F filers reported
Moves vs Q1 2026
5 added0 trimmed
1 new · 4 unchanged
Net shares held
+19%
across the 9 holders with a comparable Q1 2026 book
| Rank | Holder | Value | Shares | Shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | Whitefort Capital Management, LP | $13.9M · 743K shares | 743K | Unchanged |
| 2 | Jefferies Financial Group Inc. | $13.1M · 700.8K shares | 700.8K | Unchanged |
| 3 | BlackRock, Inc. | $6.6M · 354.4K shares | 354.4K | +289.3% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | $4.3M · 228.7K shares | 228.7K | +2% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | $2.4M · 128.5K shares | 128.5K | +42.9% |
| 6 | Arena Capital Advisors, LLC- CA | $2.4M · 127.9K shares | 127.9K | Unchanged |
| 7 | PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. | $2M · 109.4K shares | 109.4K | Unchanged |
| 8 | MARSHALL WACE, LLP | $2M · 108.1K shares | 108.1K | New |
| 9 | BANK OF AMERICA CORP /DE/ | $1.6M · 83.2K shares | 83.2K | +415.9% |
| 10 | STATE STREET CORP | $1.5M · 82.8K shares | 82.8K | +73.3% |
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