INNOVATE financials
$7.55+2.03%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $421.6M | $364.8M | $382.7M | $347.1M | $242.0M | $274.2M | $236.6M | $242.2M | $313.1M | $315.2M | $361.0M | $375.3M |
| Gross profit | $79.5M | $53.5M | $58.9M | $49.7M | $45.6M | $45.5M | $46.4M | $48.2M | $65.6M | $48.6M | $61.1M | $58.7M |
| Gross margin | 18.9% | 14.7% | 15.4% | 14.3% | 18.8% | 16.6% | 19.6% | 19.9% | 21.0% | 15.4% | 16.9% | 15.6% |
| Operating income | $34.5M | $10.0M | $14.3M | $6.1M | $4.9M | $3.4M | $2.5M | $5.9M | $28.8M | $2.8M | $14.0M | $10.7M |
| Net income | $10.4M | -$17.2M | -$7.8M | -$9.4M | -$22.0M | -$24.8M | -$16.9M | -$15.3M | $14.1M | -$17.7M | -$9.6M | -$7.3M |
| Net margin | 2.5% | −4.7% | −2.0% | −2.7% | −9.1% | −9.0% | −7.1% | −6.3% | 4.5% | −5.6% | −2.7% | −1.9% |
| Diluted EPS | $0.71 | $-1.29 | $-0.58 | $-0.71 | $-1.67 | $-1.89 | $-1.50 | $-1.18 | $1.03 | $-2.21 | $-0.64 | $-0.93 |
| EBITDA | $41.5M | $17.4M | $21.9M | $13.6M | $12.3M | $11.3M | $10.6M | $14.0M | $37.1M | $11.2M | $22.3M | $18.5M |
| Operating cash flow | -$24.6M | $45.5M | $101.1M | $19.2M | $40.4M | -$14.1M | $41.4M | -$28.4M | $21.5M | -$25.4M | $61.2M | $26.1M |
| Free cash flow | -$35.1M | $35.8M | $93.6M | $11.2M | $34.0M | -$18.8M | $33.3M | -$31.8M | $18.4M | -$31.0M | $56.7M | $20.4M |
| Diluted shares | 14.0M | 13.3M | 13.3M | 13.3M | 13.1M | 13.1M | 11.2M | 13.0M | 14.4M | 7.9M | 14.9M | 7.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $87.8M | $134.6M | $108.2M | $35.5M | $33.4M | $33.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $616.0M | $679.6M | $598.9M | $669.1M | $637.6M | $663.4M |
| Total assets | $1.01B | $936.8M | $950.1M | $913.2M | $890.9M | $868.0M |
| Total liabilities | $1.23B | $1.17B | $1.17B | $1.12B | $1.08B | $1.04B |
| Shareholders' equity | -$218.9M | -$243.0M | -$216.9M | -$206.8M | -$206.4M | -$168.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology