Q2 FY2026 · ended Jun 30, 2026 · Revenue $421.60M, +74.2% YoY · Filed Aug 6, 2026
Innovate Corp. (VATE) files with the SEC under industry code 3440, Fabricated Structural Metal Products. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $421.6 million and net income of $10.7 million. Free cash flow was -$24.7 million. As of Jun 30, 2026 it held $87.8 million in cash and investments and $692.7 million in total debt.
Revenue
$421.60M
+74.2% vs year-ago quarter
Net income
$10.70M
+154.0% vs year-ago quarter
Operating cash flow
$-24.60M
-160.9% vs year-ago quarter
Free cash flow
$-24.70M
-161.6% vs year-ago quarter
EPS
$0.71
+142.5% vs year-ago quarter
Dividend per share
None
Shares outstanding
13.64M
+2.3% vs year-ago quarter
Net cash
$-604.90M
Q2 FY2026
Operating margin
4.3%
TTM
Company profile
- Industry
- Fabricated Structural Metal Products (SIC 3440)
- Listed as
- VATE (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1006837
- Former names
- HC2 Holdings, Inc. (until Sep 10, 2021); HC2 HOLDINGS, INC. (until Sep 10, 2021); PTGi HOLDING, INC. (until Apr 11, 2014); PRIMUS TELECOMMUNICATIONS GROUP INC (until Oct 18, 2013)
Other Fabricated Structural Metal Products companies
- Valmont Industries Inc VMI
- Proto Labs Inc PRLB
- Techprecision Corp TPCS
- Arcosa, Inc. ACA
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $421.6M | $364.8M | $382.7M | $347.1M | $242.0M |
| Operating income | $34.5M | $10.0M | $14.3M | $6.1M | $4.9M |
| Net income | $10.7M | -$16.8M | -$7.4M | -$8.9M | -$19.8M |
| Diluted EPS | $0.71 | -$1.29 | -$0.58 | -$0.71 | -$1.67 |
| Operating cash flow | -$24.6M | $45.5M | $101.1M | $19.2M | $40.4M |
| Free cash flow | -$24.7M | $45.3M | $101.1M | $19.0M | $40.1M |
| Total assets | $1.0B | $936.8M | $950.1M | $913.2M | $890.9M |
| Total liabilities | $1.2B | $1.2B | $1.2B | $1.1B | $1.1B |
| Stockholders' equity | -$243.2M | -$256.3M | -$240.1M | -$233.3M | -$224.8M |
| Cash and investments | $87.8M | $134.6M | $108.2M | $35.5M | $27.8M |
| Total debt | $692.7M | $784.9M | $743.0M | $755.0M | $693.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement
|
Oct 9, 2026 | Oct 9, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, Acquisition or sale of assets, Officer or director change, Regulation FD disclosure
|
Oct 5, 2026 | Oct 2, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, Acquisition or sale of assets, Regulation FD disclosure
|
Sep 2, 2026 | Aug 28, 2026 |
| 8-K |
Current report
Other events
|
Aug 18, 2026 | Aug 18, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Aug 10, 2026 | Aug 7, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
All 1000 Innovate Corp. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.