For the quarter ending 2025-09-30, VATE has $913,200K in assets. $1,120,900K in debts. $35,500K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 35,500 | 33,400 | ||
| Accounts receivable, net | 265,600 | 242,700 | ||
| Contract assets | 80,800 | 83,000 | ||
| Inventory | 18,100 | 20,700 | ||
| Other current assets | 20,600 | 18,600 | ||
| Total current assets | 420,600 | 398,400 | ||
| Investments | 1,800 | 4,400 | ||
| Deferred tax asset | 1,600 | 1,600 | ||
| Property, plant and equipment, net | 134,400 | 132,100 | ||
| Goodwill | 126,900 | 126,900 | ||
| Intangibles, net | 167,000 | 168,600 | ||
| Other assets | 60,900 | 58,900 | ||
| Total assets | 913,200 | 890,900 | ||
| Accounts payable | 99,900 | 80,200 | ||
| Accrued liabilities | 110,100 | 125,400 | ||
| Current portion of debt obligations | 571,800 | 477,500 | ||
| Contract liabilities | 175,500 | 172,800 | ||
| Other current liabilities | 17,000 | 17,200 | ||
| Total current liabilities | 974,300 | 873,100 | ||
| Deferred tax liability | 4,300 | 4,500 | ||
| Debt obligations | 97,300 | 160,100 | ||
| Other liabilities | 45,000 | 42,500 | ||
| Total liabilities | 1,120,900 | 1,080,200 | ||
| Preferred stock series a-3 and preferred stock series a-4, 0.001 par value shares authorized 20,000,000 shares issued and outstanding 6,125 of series a-3 as of both september 30, 2025 and december 31, 2024. 1,937 and 10,000 of series a-4 as of september 30, 2025 and december 31, 2024, respectively-Series A3A4Preferred Stock | 9,100 | 17,900 | ||
| Redeemable non-controlling interest | -900 | -800 | ||
| Total temporary equity | 8,200 | 17,100 | ||
| Additional paid-in capital | 349,800 | 349,200 | ||
| Treasury stock, at cost 163,842 and 148,800 shares, respectively | 5,600 | 5,600 | ||
| Accumulated deficit | -575,100 | -566,200 | ||
| Accumulated other comprehensive loss | -2,400 | -2,200 | ||
| Total innovate corp. stockholders deficit | -233,300 | -224,800 | ||
| Non-controlling interest | 17,400 | 18,400 | ||
| Total stockholders deficit | -215,900 | -206,400 | ||
| Total liabilities, temporary equity and stockholders deficit | 913,200 | 890,900 | ||
INNOVATE Corp. (VATE)
INNOVATE Corp. (VATE)