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INNOVATE Corp (VATE)
NYSE:VATE
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INNOVATE Corp (VATE) Price & Analysis

268 Followers

VATE Stock Chart & Stats

$5.05
$0.04(0.71%)
At close: 4:00 PM EST
$5.05
$0.04(0.71%)

Bulls Say, Bears Say

Bulls Say
Cash GenerationSustained operating cash flow (~$206M TTM) and meaningful free cash flow (~$175M TTM) provide a durable funding source to service debt, fund working capital and organic growth. Over 2–6 months this cash cushion reduces near‑term refinancing pressure and enables strategic options.
Infrastructure Segment MomentumDBM Global’s outsized revenue (35% YoY), rising adjusted EBITDA and ~ $1.8B adjusted backlog create durable revenue visibility and execution leverage. A large backlog supports multi‑quarter cash conversion and positions the company as a competitive builder in infrastructure markets.
Regulatory Progress In Life SciencesCE mark and multiple IDEs for MediBeacon’s TGFR devices materially expand addressable clinical markets in Europe and support regulatory momentum. These approvals are structural: they enable longer‑term commercial adoption, clinical validation and potential licensing or partnership value.
Bears Say
Very High LeverageAn extremely thin equity base versus large debt leaves the company vulnerable to earnings volatility, asset writedowns or working‑capital swings. Over months this constrains capital flexibility, raises refinancing risk and increases the likelihood of dilutive or distress financing actions.
Persistent Losses And Thin MarginsOngoing net losses and razor‑thin operating/EBITDA margins limit the firm’s ability to generate retained earnings to deleverage or fund reinvestment. Structurally weak profitability reduces shock absorption and makes sustained deleveraging dependent on continued top‑line and margin improvement.
Rising Debt Driven By PIK InterestDebt growth fueled by PIK interest compounds leverage and can accelerate principal accumulation. Structurally, PIK‑funded interest increases cash conversion risk and narrows options for non‑operating corporate liquidity, raising refinancing and covenant stress over coming quarters.

INNOVATE Corp News

VATE FAQ

What was INNOVATE Corp’s price range in the past 12 months?
INNOVATE Corp lowest stock price was $3.75 and its highest was $21.30 in the past 12 months.
    What is INNOVATE Corp’s market cap?
    INNOVATE Corp’s market cap is $263.42M.
      When is INNOVATE Corp’s upcoming earnings report date?
      INNOVATE Corp’s upcoming earnings report date is Aug 12, 2026 which is in 46 days.
        How were INNOVATE Corp’s earnings last quarter?
        INNOVATE Corp released its earnings results on May 14, 2026. The company reported -$1.289 earnings per share for the quarter, missing the consensus estimate of N/A by -$1.289.
          Is INNOVATE Corp overvalued?
          According to Wall Street analysts INNOVATE Corp’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does INNOVATE Corp pay dividends?
            INNOVATE Corp pays a Notavailable dividend of $0.78 which represents an annual dividend yield of N/A. See more information on INNOVATE Corp dividends here
              What is INNOVATE Corp’s EPS estimate?
              INNOVATE Corp’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does INNOVATE Corp have?
              INNOVATE Corp has 13,641,866 shares outstanding.
                What happened to INNOVATE Corp’s price movement after its last earnings report?
                INNOVATE Corp reported an EPS of -$1.289 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -8.733%.
                  Which hedge fund is a major shareholder of INNOVATE Corp?
                  Currently, no hedge funds are holding shares in VATE
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    INNOVATE Corp Stock Smart Score

                    Company Description

                    INNOVATE Corp

                    INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.

                    INNOVATE Corp (VATE) Earnings & Revenues

                    VATE Company Deck

                    VATE Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call reflects a predominantly positive operational story driven by a strong Infrastructure / DBMG performance that delivered outsized revenue (up 33% consolidated) and adjusted EBITDA improvement. Significant regulatory and clinical milestones at MediBeacon and international growth at R2 are constructive. However, meaningful challenges remain in smaller but important areas: Life Sciences revenues fell sharply (-48.4%), R2 is seeking external capital, Spectrum experienced advertising weakness and cancellations, DBMG saw ~140 bps gross margin compression, and consolidated debt increased due to PIK interest. Overall, the positive momentum in the company’s largest revenue driver and improved overall profitability outweighs the segment‑level headwinds, but capital structure and segment weaknesses warrant continued attention.View all VATE earnings summaries
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                    Ownership Overview

                    55.37%3.14%7.95%31.80%
                    55.37% Insiders
                    7.95% Other Institutional Investors
                    31.80% Public Companies and
                    Individual Investors

                    Options Prices

                    Currently, No data available
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