The earnings call highlighted strong performance and growth in the Life Sciences segment and successful debt refinancing transactions. However, these positives were overshadowed by significant declines in consolidated revenue and adjusted EBITDA, large net losses, and challenges in the Infrastructure and Spectrum segments.

Company Guidance -

Q3 2025

During INNOVATE Corp.'s second quarter 2025 earnings call, the company reported consolidated revenues of $242 million and adjusted EBITDA of $15.7 million, marking a decrease from the previous year due primarily to declines in the Infrastructure segment. DBM Global, a part of this segment, achieved revenues of $233.1 million with gross margin compression of approximately 230 basis points to 17.9% and adjusted EBITDA margin compression of 240 basis points to 8.3%. Despite these challenges, DBM's backlog increased by $300 million year-over-year to over $1.3 billion. In the Life Sciences segment, revenue surged by 88.2% to $3.2 million, driven by strong performance from R2 technologies. Meanwhile, the Spectrum segment faced a $500,000 revenue decrease to $5.7 million. The company also completed refinancing transactions, reducing its total outstanding indebtedness to $641.3 million. Additionally, the call highlighted strategic advances in various business areas, including MediBeacon's regulatory progress in China and the expansion of R2's Glacial Skin products.

DBM Global Backlog Increase

DBM Global's adjusted backlog increased by approximately $300 million year-over-year to just over $1.3 billion, with an additional $400 million project expected to be added in the third quarter.

Life Sciences Revenue Surge

Life Sciences revenue increased by 88.2% to $3.2 million, driven by R2's increased Glacial Spa unit sales and consumable sales both inside and outside North America.

R2 Growth and Market Potential

R2's top line revenue increased to $3.2 million from $1.7 million in the previous year. Patient treatments grew by 115.1%, and average monthly utilization per provider increased by 28.5%. Social media engagements outperformed competitors by 823%.

Debt Refinancing Transactions

INNOVATE completed a series of refinancing transactions, reducing outstanding indebtedness by $27 million and extending debt maturities, enabling the continuation of strategic plans.

INNOVATE Corp (VATE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VATE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	- / -	-1.18	―	―	―
Aug 05, 2025	2025 (Q2)	- / -1.67	0.977	-271.24% (-2.65)
May 06, 2025	2025 (Q1)	- / -1.89	-2.249	15.96% (+0.36)
Mar 31, 2025	2024 (Q4)	- / -1.89	-2.249	15.92% (+0.36)
Nov 06, 2024	2024 (Q3)	- / -1.18	-0.924	-27.71% (-0.26)
Aug 07, 2024	2024 (Q2)	- / 0.98	-1.338	173.02% (+2.31)
May 07, 2024	2024 (Q1)	- / -2.25	-1.303	-72.60% (-0.95)
Mar 04, 2024	2023 (Q4)	- / -1.21	-0.896	-35.49% (-0.32)
Nov 09, 2023	2023 (Q3)	- / -0.92	-0.844	-9.48% (-0.08)
Aug 09, 2023	2023 (Q2)	- / -1.34	-1.742	23.19% (+0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VATE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$5.76	$5.68	-1.39%
May 06, 2025	$6.24	$6.15	-1.44%
Mar 31, 2025	$7.83	$7.31	-6.64%
Nov 06, 2024	$5.14	$5.16	+0.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does INNOVATE Corp (VATE) report earnings?

INNOVATE Corp (VATE) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is INNOVATE Corp (VATE) earnings time?

INNOVATE Corp (VATE) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VATE EPS forecast?

Currently, no data Available

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing