INNOVATE Corp. (VATE)

7.77 0 (0%)

As of 2026-04-02 18:11:02 EST

Innovate Corp. (formerly known as HC2 Holdings, Inc. and Primus Telecommunications Group, Inc.) is an American public financial services company founded in 1994.

Traded asNYSE: VATE
ISINUS45784J3032
CIK0001006837
LEI—
EIN541708481
SectorFinancial services
IndustryFabricated Structural Metal Products
CEOPaul K. Voigt
Employees—
Fiscal Year End1231
Address295 MADISON AVENUE, NEW YORK, NY, 10017
Phone19546631147
Websitehttp://www.innovatecorp.com/
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
VATEINNOVATE Corp.2026-04-02 18:11:027.7700
This is a preview of the latest data. Subscribe to access the full data.
Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
VATE0001006837INNOVATE Corp.US45784J3032—541708481NYSE3440Fabricated Structural Metal Products1231DE295 MADISON AVENUENEW YORKNY10017UNITED STATESUS19546631147295 MADISON AVENUE, NEW YORK, NY, 10017295 MADISON AVENUE, NEW YORK, NY, 10017HC2 Holdings, Inc.Financial services1994Paul K. Voigt—http://www.innovatecorp.com/27,200,00013,818,90413,645,127Innovate Corp. (formerly known as HC2 Holdings, Inc. and Primus Telecommunications Group, Inc.) is an American public financial services company founded in 1994.2026-04-02 19:29:17
This is a preview of the latest data. Subscribe to access the full data.
VATE Stock Price (End-of-Day)
This is a preview of the latest data. Subscribe to access the full data.
VATE Stock Price (1-Minute)
This is a preview of the latest data. Subscribe to access the full data.
Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
202527,200,000-5,100,000-15.789513,645,127361,9092.7246
202432,300,000-54,000,000-62.572413,283,218-65,951,773-83.2357
202386,300,0001,400,0001.64979,234,991447,2230.5676
This is a preview of the latest data. Subscribe to access the full data.
Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Michael J. SenaChief Financial Officer2024581,9000220,003198,3336,0001,006,236
Paul K. VoigtChief Executive Officer2024500,00001,500,00006,0002,747,808
Wayne BarrChief Executive Officer, President2023373,8940260,000075,413709,307
Michael J. SenaChief Financial Officer2023581,9000256,668440,00056,0001,334,568
Paul K. VoigtChief Executive Officer2023209,6150000209,615
This is a preview of the latest data. Subscribe to access the full data.
Employee Count
Fiscal YearEmployee Count
20253,587
20243,135
20233,946
This is a preview of the latest data. Subscribe to access the full data.
Income Statements
Fiscal Year202520242023
Revenue1,246,000,0001,107,100,0001,423,000,000
Cost Of Revenue1,046,300,000898,300,0001,207,000,000
Gross Profit199,700,000208,800,000216,000,000
Research And Development Expenses———
General And Administrative Expenses153,100,000160,200,000168,000,000
Operating Expenses———
Operating Income28,700,00040,000,00026,500,000
Net Income-60,600,000-34,600,000-35,200,000
Earnings Per Share Basic-4.84-3.08-0.48
Earnings Per Share Diluted-4.84-3.08-0.48
Weighted Average Shares Outstanding Basic13,217,59310,696,27478,100,000
Weighted Average Shares Outstanding Diluted13,217,59310,696,27478,100,000
This is a preview of the latest data. Subscribe to access the full data.
Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents112,100,00048,800,00080,800,000
Marketable Securities Current———
Accounts Receivable241,100,000100,0000
Inventories16,000,00020,800,00022,400,000
Non Trade Receivables600,0005,800,0005,200,000
Other Assets Current18,200,00021,000,00014,600,000
Total Assets Current451,500,000390,900,000517,900,000
Marketable Securities Non Current———
Property Plant And Equipment———
Other Assets Non Current60,800,00062,300,00061,300,000
Total Assets Non Current498,600,000500,200,000525,700,000
Total Assets950,100,000891,100,0001,043,600,000
Accounts Payable———
Deferred Revenue171,900,000109,100,000153,500,000
Short Term Debt581,400,000162,200,00030,500,000
Other Liabilities Current16,900,00017,200,00016,100,000
Total Liabilities Current1,034,100,000483,000,000413,800,000
Long Term Debt80,300,000500,600,000679,300,000
Other Liabilities Non Current46,300,00046,800,00082,700,000
Total Liabilities Non Current131,300,000551,800,000766,100,000
Total Liabilities1,165,400,0001,034,800,0001,179,900,000
Common Stock00100,000
Retained Earnings-582,500,000-521,900,000-487,300,000
Accumulated Other Comprehensive Income-2,100,000-3,200,000-1,100,000
Total Shareholders Equity-240,100,000-180,400,000-165,500,000
This is a preview of the latest data. Subscribe to access the full data.
Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization17,500,00017,600,00020,200,000
Share Based Compensation Expense2,700,0003,400,0002,200,000
Other Non Cash Income Expense-1,800,0002,000,000-2,100,000
Change In Accounts Receivable48,700,000-91,800,00025,700,000
Change In Inventories-4,800,000-1,900,0003,500,000
Change In Non Trade Receivables———
Change In Other Assets———
Change In Accounts Payable57,100,000-57,200,000-60,200,000
Change In Other Liabilities37,600,00012,200,0009,900,000
Cash From Operating Activities146,600,0009,100,00026,500,000
Purchases Of Marketable Securities300,0002,000,000—
Sales Of Marketable Securities——59,200,000
Acquisition Of Property Plant And Equipment500,00019,000,00018,400,000
Acquisition Of Business———
Other Investing Activities0-500,000-700,000
Cash From Investing Activities-22,600,000-13,900,00039,100,000
Tax Withholding For Share Based Compensation———
Payments Of Dividends2,200,0001,200,0002,200,000
Issuance Of Common Stock———
Repurchase Of Common Stock———
Issuance Of Long Term Debt——4,900,000
Repayment Of Long Term Debt116,800,000125,000,00037,100,000
Other Financing Activities-200,0000-300,000
Cash From Financing Activities-61,200,000-26,500,000-65,300,000
Change In Cash63,400,000-33,000,000100,000
Cash At End Of Period112,100,00048,800,00080,800,000
Income Taxes Paid6,400,0003,500,0006,700,000
Interest Paid30,000,00048,600,00049,000,000
This is a preview of the latest data. Subscribe to access the full data.
Key Metrics
Fiscal Year202520242023
Earnings Per Share-4.84-3.08-0.48
Price To Earnings Ratio-0.9339-1.6039-25.625
Earnings Growth Rate57.1429541.6667-9.434
Price Earnings To Growth Ratio-0.0163-0.0032.7163
Book Value Per Share-16.2889-13.4346-1.7452
Price To Book Ratio-0.2775-0.3677-7.0479
Ebitda52,300,00061,000,00059,900,000
Enterprise Value609,343,520.36666,839,593.561,589,630,000
Dividend Yield0.03680.02270.0023
Dividend Payout Ratio-0.0363-0.0347-0.0625
Debt To Equity Ratio-2.7559-3.6741-4.2888
Capital Expenditures———
Free Cash Flow———
Return On Equity0.25240.19180.2127
One Year Beta1.59570.90011.756
Three Year Beta1.47791.17111.2352
Five Year Beta1.29091.26361.2572
This is a preview of the latest data. Subscribe to access the full data.
Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Sena Michael J.Chief Financial Officer2026-03-151,207D115,982
Sena Michael J.Chief Financial Officer2026-03-144,920D117,189
Sena Michael J.Chief Financial Officer2026-03-131,784D122,109
Voigt PaulInterim CEO2025-09-15100,000A100,000
Voigt PaulInterim CEO2025-08-06176,056A625,890
This is a preview of the latest data. Subscribe to access the full data.
Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
Whitefort Capital Management, LP2025-12-313,358,360743,0004.52
TUDOR INVESTMENT CORP ET AL2025-12-31148,19732,7874.52
CITADEL ADVISORS LLC2025-12-31204,91945,3364.52
BANK OF AMERICA CORP /DE/2025-12-3179,36617,5594.52
NORTHERN TRUST CORP2025-12-3157,23312,6624.5201
This is a preview of the latest data. Subscribe to access the full data.
Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
GABELLI EQUITY SERIES FUNDS INC2025-12-31Class IGACIX15,90071,8680.0039
GABELLI EQUITY SERIES FUNDS INC2025-12-31CLASS CGCCSX15,90071,8680.0039
GABELLI EQUITY SERIES FUNDS INC2025-12-31CLASS AAAGABSX15,90071,8680.0039
GABELLI EQUITY SERIES FUNDS INC2025-12-31CLASS AGCASX15,90071,8680.0039
TETON WESTWOOD FUNDS2025-12-31Class IWEIMX7,00031,6400.0176
This is a preview of the latest data. Subscribe to access the full data.