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INNOVATE Corp.

corporate_fare Company Profile

INNOVATE Corp.

VATE·NYSE·Manufacturing·CIK 0001006837

INNOVATE Corp. is a diversified holding company with a portfolio of subsidiaries across various operating segments. As of December 31, 2025, the company's three reportable segments are Infrastructure, Life Sciences, and Spectrum, along with an Other segment for businesses not meeting separate reporting thresholds. The Infrastructure segment includes DBM Global Inc. (DBMG), a group of companies providing fully integrated structural and steel construction services. The Life Sciences segment, Pansend Life Sciences, LLC (Pansend), focuses on supporting healthcare and biotechnology product development. The Spectrum segment, HC2 Broadcasting Holdings Inc. and its subsidiaries (Broadcasting), operates Over-The-Air (OTA) broadcasting stations across the United States, including Puerto Rico. The Other segment comprises all other businesses or investments that do not individually or collectively meet the definition of a segment. Due to new milestone covenants in certain debt agreements from refinancing transactions completed during the third quarter of 2025, INNOVATE is required to begin a sales process for its Infrastructure and Spectrum segments.

INNOVATE Corp. (NYSE:VATE) is a publicly traded company in the Manufacturing sector. Wiseek has independently scored 23 items for VATE at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-03, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 17 rated 8 or above. Recent SEC coverage for VATE spans DEF 14C, 8-K, PRE 14C, S-3.

Recent high-impact activity:

  • Definitive Proxy Filed for $650M Sale of DBM Global to IES Holdings
  • INNOVATE Closes Broadcasting Segment Sale to CONX, Extends Credit Maturity to Dec 31
  • INNOVATE Files PRE 14C Detailing $650M DBM Global Sale to IES Holdings — Written Consent Already Secured
  • INNOVATE Files $100M Shelf Registration While Restructuring to Address Going-Concern Risk
  • INNOVATE Agrees to $650M DBM Global Sale, Launches $31M ATM Equity Program

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$1.25B
Net Income
-$60.6M
Diluted EPS
-$4.84
Op. Cash Flow
$146.6M
Free Cash Flow
$146.1M
Gross Profit
$199.7M
Operating Income
$28.7M
Cash & Equivalents
$112.1M
Total Debt
$581.4M
Debt / Equity
-2.42×
Net Margin
-4.9%
Shares Outstanding
13.66M sh
Source: 10-K · filed 2026-03-26 · accession 0001006837-26-000014

Dilution Risk

Low risk

Filing-implied dilution signals for VATE, detected from its recent SEC filings · based on capital-structure filings through 2026-08-10.

1 recent capital raiseATM program1 shelf registration

$31M ATM Program Formalized · Use of Proceeds for Liquidity

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$7.16
52-week range · as of 2026-09-03 $3.75 – $21.3
Market cap
$97.68M
Volume
99.3K (0.1× avg)
3-mo avg 706.7K
Live data · 2026-09-14 03:23 UTC · Market closed

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feed VATE - Latest Insights

VATE
Sep 03, 2026, 8:29 AM EDT
Filing Type: DEF 14C
Importance Score:
8
Price at Filing: $7.38
Real-time Price: $7.16 info
Change: -$0.220 (-3%) info
Market Cap: $97.676M info
VATE
Sep 02, 2026, 4:18 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $7.38
Real-time Price: $7.16 info
Change: -$0.220 (-3%) info
Market Cap: $97.676M info
VATE
Aug 21, 2026, 9:26 PM EDT
Filing Type: PRE 14C
Importance Score:
8
Price at Filing: $7.40
Real-time Price: $7.16 info
Change: -$0.240 (-3%) info
Market Cap: $97.676M info
VATE
Aug 10, 2026, 8:33 AM EDT
Filing Type: S-3
Importance Score:
7
Price at Filing: $11.41
Real-time Price: $7.16 info
Change: -$4.25 (-37%) info
Market Cap: $97.676M info
VATE
Aug 10, 2026, 8:26 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $12.30
Real-time Price: $7.16 info
Change: -$5.14 (-42%) info
Market Cap: $97.676M info
VATE
Aug 06, 2026, 4:39 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $7.41
Real-time Price: $7.16 info
Change: -$0.250 (-3%) info
Market Cap: $97.676M info
VATE
Aug 06, 2026, 4:22 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $10.25
Real-time Price: $7.16 info
Change: -$3.09 (-30%) info
Market Cap: $97.676M info
VATE
Aug 03, 2026, 8:28 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $8.12
Real-time Price: $7.16 info
Change: -$0.960 (-12%) info
Market Cap: $97.676M info
VATE
Jul 08, 2026, 4:14 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $11.80
Real-time Price: $7.16 info
Change: -$4.64 (-39%) info
Market Cap: $97.676M info
VATE
Jun 11, 2026, 4:35 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $17.30
Real-time Price: $7.16 info
Change: -$10.14 (-59%) info
Market Cap: $97.676M info
VATE
Jun 01, 2026, 8:53 AM EDT
Source: Wiseek News
Importance Score:
9
Price at Filing: $15.24
Real-time Price: $7.16 info
Change: -$8.08 (-53%) info
Market Cap: $97.676M info
VATE
Jun 01, 2026, 8:45 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $15.24
Real-time Price: $7.16 info
Change: -$8.08 (-53%) info
Market Cap: $97.676M info
VATE
May 14, 2026, 4:27 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $11.68
Real-time Price: $7.16 info
Change: -$4.52 (-39%) info
Market Cap: $97.676M info
VATE
May 14, 2026, 4:13 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $11.68
Real-time Price: $7.16 info
Change: -$4.52 (-39%) info
Market Cap: $97.676M info
VATE
Apr 28, 2026, 4:32 PM EDT
Filing Type: DEFA14A
Importance Score:
7
Price at Filing: $12.33
Real-time Price: $7.16 info
Change: -$5.17 (-42%) info
Market Cap: $97.676M info
VATE
Apr 28, 2026, 4:32 PM EDT
Filing Type: DEF 14A
Importance Score:
8
Price at Filing: $12.33
Real-time Price: $7.16 info
Change: -$5.17 (-42%) info
Market Cap: $97.676M info
VATE
Apr 06, 2026, 8:39 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $6.51
Real-time Price: $7.16 info
Change: +$0.6476 (+10%) info
Market Cap: $97.676M info
VATE
Mar 31, 2026, 9:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.62
Real-time Price: $7.16 info
Change: +$1.54 (+27%) info
Market Cap: $97.676M info
VATE
Mar 26, 2026, 4:27 PM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $4.05
Real-time Price: $7.16 info
Change: +$3.11 (+77%) info
Market Cap: $97.676M info
VATE
Mar 26, 2026, 4:17 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $4.05
Real-time Price: $7.16 info
Change: +$3.11 (+77%) info
Market Cap: $97.676M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets