INNOVATE (VATE) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

INNOVATE Revenue Highlights

Latest Revenue (Y)

$1.11B

Latest Revenue (Q)

$347.10M

Main Segment (Y)

Infrastructure Segment

Main Geography (Y)

UNITED STATES

INNOVATE Revenue by Period

INNOVATE Revenue by Year

Date	Revenue	Change
2024-12-31	$1.11B	-22.20%
2023-12-31	$1.42B	-13.09%
2022-12-31	$1.64B	35.85%
2021-12-31	$1.21B	19.83%
2020-12-31	$1.01B	-44.48%
2019-12-31	$1.81B	-8.35%
2018-12-31	$1.98B	20.96%
2017-12-31	$1.63B	4.88%
2016-12-31	$1.56B	39.02%
2015-12-31	$1.12B	106.33%
2014-12-31	$543.20M	135.47%
2013-12-31	$230.69M	-11.46%
2012-12-31	$260.55M	-73.66%
2011-12-31	$989.26M	29.32%
2010-12-31	$764.95M	-6.20%
2009-12-31	$815.55M	-8.96%
2008-12-31	$895.86M	-0.70%
2007-12-31	$902.18M	-10.80%
2006-12-31	$1.01B	-14.82%
2005-12-31	$1.19B	-12.10%
2004-12-31	$1.35B	4.90%
2003-12-31	$1.29B	25.75%
2002-12-31	$1.02B	-5.40%
2001-12-31	$1.08B	-9.75%
2000-12-31	$1.20B	44.03%
1999-12-31	$832.74M	97.51%
1998-12-31	$421.63M	50.48%
1997-12-31	$280.20M	61.99%
1996-12-31	$172.97M	-

INNOVATE generated $1.11B in revenue during NA 2024, up -22.20% compared to the previous quarter, and up 61.11% compared to the same period a year ago.

INNOVATE Revenue by Quarter

Date	Revenue	Change
2025-09-30	$347.10M	43.43%
2025-06-30	$242.00M	-11.74%
2025-03-31	$274.20M	15.89%
2024-12-31	$236.60M	-2.31%
2024-09-30	$242.20M	-22.64%
2024-06-30	$313.10M	-0.67%
2024-03-31	$315.20M	-12.69%
2023-12-31	$361.00M	-3.81%
2023-09-30	$375.30M	1.76%
2023-06-30	$368.80M	16.01%
2023-03-31	$317.90M	-22.33%
2022-12-31	$409.30M	-3.24%
2022-09-30	$423.00M	7.85%
2022-06-30	$392.20M	-4.99%
2022-03-31	$412.80M	4.56%
2021-12-31	$394.80M	-
2021-09-30	$394.80M	61.94%
2021-06-30	$243.80M	41.91%
2021-03-31	$171.80M	-31.77%
2020-12-31	$251.80M	-35.98%
2020-09-30	$393.30M	4.32%
2020-06-30	$377.00M	-15.24%
2020-03-31	$444.80M	-10.75%
2019-12-31	$498.40M	4.77%
2019-09-30	$475.70M	-8.27%
2019-06-30	$518.60M	5.54%
2019-03-31	$491.40M	-6.38%
2018-12-31	$524.90M	4.70%
2018-09-30	$501.36M	0.92%
2018-06-30	$496.78M	9.50%
2018-03-31	$453.69M	-1.05%
2017-12-31	$458.49M	12.82%
2017-09-30	$406.41M	7.33%
2017-06-30	$378.65M	-3.05%
2017-03-31	$390.57M	-13.97%
2016-12-31	$454.00M	9.91%
2016-09-30	$413.08M	14.97%
2016-06-30	$359.29M	8.30%
2016-03-31	$331.74M	-7.99%
2015-12-31	$360.55M	29.94%
2015-09-30	$277.47M	-1.25%
2015-06-30	$280.98M	39.23%
2015-03-31	$201.81M	-9.84%
2014-12-31	$223.83M	24.74%
2014-09-30	$179.43M	85.78%
2014-06-30	$96.59M	122.78%
2014-03-31	$43.35M	-81.21%
2013-12-31	$230.69M	100.00%
2013-09-30	-	100.00%
2013-06-30	-	-100.00%
2013-03-31	$60.88M	-3.75%
2012-12-31	$63.25M	-1.03%
2012-09-30	$63.91M	-2.26%
2012-06-30	$65.39M	-72.14%
2012-03-31	$234.69M	2.77%
2011-12-31	$228.37M	-10.32%
2011-09-30	$254.66M	-9.85%
2011-06-30	$282.50M	26.27%
2011-03-31	$223.72M	18.29%
2010-12-31	$189.14M	0.50%
2010-09-30	$188.20M	-8.38%
2010-06-30	$205.41M	0.50%
2010-03-31	$204.39M	-5.54%
2009-12-31	$216.39M	4.06%
2009-09-30	$207.95M	5.70%
2009-06-30	$196.74M	1.17%
2009-03-31	$194.47M	-3.51%
2008-12-31	$201.55M	-13.04%
2008-09-30	$231.77M	-1.98%
2008-06-30	$236.46M	4.35%
2008-03-31	$226.60M	1.83%
2007-12-31	$222.52M	-

INNOVATE generated $347.10M in revenue during Q3 2025, up 43.43% compared to the previous quarter, and up 110.86% compared to the same period a year ago.

INNOVATE Revenue Breakdown

INNOVATE Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Infrastructure Segment	$1.07B	$1.40B	$1.59B	$1.16B	$676.60M
Spectrum Segment	$25.70M	$22.50M	$38.70M	$42.00M	$40.30M
Life Sciences Segment	$9.80M	-	-	-	-
Life Sciences Segment (Pansend)	-	$3.30M	$4.30M	-	-
Life Sciences	-	-	-	$3.50M	-
Other Segments	-	-	-	-	-
Insurance Services	-	-	-	-	$300.20M

INNOVATE's latest annual revenue breakdown by segment (product or service), as of Dec 24: Infrastructure Segment (96.79%), Spectrum Segment (2.32%), and Life Sciences Segment (0.89%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Spectrum Segment	$5.60M	$5.70M	$6.20M	$13.00M	$6.40M	$6.30M	$11.10M	$5.70M	$5.70M	$10.70M	$9.10M	$9.10M	$9.80M	$10.70M	$10.20M	$10.60M	-	-	-	-
Life Sciences Segment (Pansend)	$3.10M	$3.20M	$1.00M	$2.10M	$700.00K	$500.00K	$1.30M	$1.20M	$1.00M	$800.00K	-	-	-	-	-	-	-	-	-	-
Infrastructure Segment	$1.54B	$1.24B	$1.36B	-	$904.00M	$925.20M	$723.10M	$362.40M	$311.70M	$397.30M	$412.70M	$382.10M	$402.20M	$383.40M	$383.00M	$232.00M	-	-	-	-
Life Sciences Segment	-	-	$3.10M	$6.80M	$3.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Life Sciences	-	-	-	-	-	-	-	-	-	-	-	-	-	$700.00K	$1.60M	$1.20M	-	-	-	-
Government Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$21.30M	-	-	-
Insurance Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$77.00M	$78.90M	$80.50M
Telecommunications	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$136.40M	$107.30M
Energy Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.30M	$10.30M
Broadcasting Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.70M	$9.50M
Construction Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$160.80M	$172.30M

INNOVATE's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Infrastructure Segment (99.44%), Spectrum Segment (0.36%), and Life Sciences Segment (Pansend) (0.20%).

INNOVATE Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 19	Dec 18
UNITED STATES	$1.78B	$1.76B
All Other Geographic Locations	$37.20M	$26.80M

INNOVATE's latest annual revenue breakdown by geography, as of Dec 19: UNITED STATES (97.95%), and All Other Geographic Locations (2.05%).

Quarterly Revenue by Country

Country	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18
All Other Geographic Locations	$8.60M	$10.10M	$9.90M	$8.60M	$7.42M	$6.12M	$8.37M
UNITED STATES	$447.90M	$419.30M	$469.90M	$440.60M	$472.12M	$450.17M	$423.02M

INNOVATE's latest quarterly revenue breakdown by geography, as of Dec 19: UNITED STATES (98.12%), and All Other Geographic Locations (1.88%).

INNOVATE Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
VATE	INNOVATE	$1.11B	$347.10M
TISI	Team	$852.27M	$224.98M
SHIM	Shimmick	$480.24M	$128.40M
JLHL	Julong Limited Class A Ordinary Shares	$173.65M	$14.13M
HTCO	High-Trend Group	$108.18M	-
TORO	Toro	$84.83M	$7.60M
DFLI	Dragonfly Energy	$50.65M	$15.97M
HMR	Heidmar Maritime	$49.10M	$5.84M
GWH	ESS Tech	$6.29M	$2.36M
SDST	Stardust Power	-	-
AIRJ	AirJoule	-	-

VATE Revenue FAQ

What is INNOVATE’s yearly revenue?

INNOVATE's yearly revenue for 2024 was $1.11B, representing a decrease of -22.20% compared to 2023. The company's yearly revenue for 2023 was $1.42B, representing a decrease of -13.09% compared to 2022. VATE's yearly revenue for 2022 was $1.64B, representing an increase of 35.85% compared to 2021.

What is INNOVATE’s quarterly revenue?

INNOVATE's quarterly revenue for Q3 2025 was $347.1M, a 43.43% increase from the previous quarter (Q2 2025), and a 43.31% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $242M, a -11.74% decrease from the previous quarter (Q1 2025), and a -22.71% decrease year-over-year (Q2 2024). VATE's quarterly revenue for Q1 2025 was $274.2M, a 15.89% increase from the previous quarter (Q4 2024), and a -13.01% decrease year-over-year (Q1 2024).

What is INNOVATE’s revenue growth rate?

INNOVATE's revenue growth rate for the last 3 years (2022-2024) was -32.38%, and for the last 5 years (2020-2024) was 10.07%.

What are INNOVATE’s revenue streams?

INNOVATE's revenue streams in c 24 are Infrastructure Segment, Spectrum Segment, and Life Sciences Segment. Infrastructure Segment generated $1.07B in revenue, accounting 96.79% of the company's total revenue, down -23.30% year-over-year. Spectrum Segment generated $25.7M in revenue, accounting 2.32% of the company's total revenue, up 14.22% year-over-year. Life Sciences Segment generated $9.8M in revenue, accounting 0.89% of the company's total revenue

What is INNOVATE’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of INNOVATE was Infrastructure Segment. This segment made a revenue of $1.07B, representing 96.79% of the company's total revenue.