INNOVATE Corp.
INNOVATE Corp. (NYSE: VATE) is a diversified holding company with operating businesses in Infrastructure, Life Sciences and Spectrum, as well as an Other segment for businesses and investments that do not qualify as separate reportable segments. Its Infrastructure subsidiary, DBM Global, provides structural and… From the company’s description.
Over the twelve months to Jun 30, 2026, INNOVATE Corp. reported revenue of $1.52B, up 52.4% from a year earlier, and a net loss of $21.90M. Its operating margin was 4.3%, and operations generated $141.20M in cash. In fiscal 2025, it reported revenue of $1.25B, up 12.5% from fiscal 2024, and a net loss of $64.00M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What INNOVATE Corp. does
In the company’s own words
INNOVATE Corp. (NYSE: VATE) is a diversified holding company with operating businesses in Infrastructure, Life Sciences and Spectrum, as well as an Other segment for businesses and investments that do not qualify as separate reportable segments. Its Infrastructure subsidiary, DBM Global, provides structural and heavy-steel construction, fabrication, erection, industrial construction and maintenance, digital engineering, and related services to commercial, industrial and infrastructure customers. DBM Global’s businesses include Schuff Steel, Banker Steel, GrayWolf Industrial, DBM Vircon and Aitken; together they generated $1.21 billion in revenue in 2025. The Life Sciences segment, operated through Pansend Life Sciences, develops and invests in healthcare and biotechnology businesses, including aesthetic skin-treatment company R2 Technologies, knee-treatment developer Genovel Orthopedics and medical-technology company MediBeacon. The Spectrum segment operates over-the-air television stations across the United States and Puerto Rico through HC2 Broadcasting Holdings. INNOVATE had 3,587 full-time and 151 part-time employees as of December 31, 2025, and has begun sales processes for its Infrastructure and Spectrum segments.
Company details
- Sector
- Industrials
- Industry (SIC)
- Fabricated Metal
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1006837
- SIC
- 3440
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns INNOVATE Corp. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · INNOVATE Corp.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
INNOVATE Corp.’s bonds, as funds hold them
Funds report holding 1 issues of INNOVATE Corp.’s debt, $2.22M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 10.50%, maturing 2027 to 2027.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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