Is Innovate going out of business?

INNOVATE CORP. (VATE) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

INNOVATE CORP. (VATE) scores 40 out of 100 on fundamentals, Speculative / Volatile, based on SEC filing data.

Leading signal: Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)

Five questions, kept separate

Survival - Resilient

Recent free cash flow is positive, so there is no current cash-burn countdown.

Business quality - Mixed

4.3% operating margin and 13.6% FCF margin produce a mixed Business Quality assessment.

Trajectory - Evidence incomplete

Comparable evidence covers 0% of this trajectory model. No comparable revenue evidence.

Valuation - Balanced

8.3% normalized FCF yield supports a balanced Valuation assessment on the ttm basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)
• FCF margin: 13.64%
• Asset Efficiency: 1.51x
• Net income trend: 154.04% (Loss narrowing)
• Revenue CAGR (3Y): -8.70%
• Shares dilution YoY: 1.75% (YoY)
• Revenue growth YoY: 74.21% (Industrial YoY) - Growth from a low base; sustainability uncertain.
• Return on Assets: -2.23%
• Revenue Quality: High-quality (DSO -14d, Rev +74%)
• Revenue per Asset Efficiency: 7.55% QoQ (Improving)
• Debt Maturity Runway: 10% long-term (Near-term refinancing risk)
• Working Capital Efficiency: -377.56x (Tight)

Read from filings through 2026-08-06.

Price as of 2026-09-11.