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INNOVATE Corp. (VATE)

INNOVATE Corp. (VATE)

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Balance Sheets Overview

Current Ratio
44.24%
Quick Ratio
42.87%
Cash Ratio
8.10%
Debt to Asset Ratio
121.85%
Unit: Thousand (K) dollars
Assets Breakdown
    • Accounts receivable, net
    • Assets held for sale
    • Goodwill
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Current portion of debt obligati...
    • Additional paid-in capital
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
87,800
134,600
112,100
35,500
Accounts receivable, net
284,400
186,000
241,100
265,600
Contract assets
52,600
54,500
64,100
80,800
Inventory
14,800
15,400
16,000
18,100
Current assets held for sale
5,500
-
-
-
Other current assets
34,200
15,400
18,200
20,600
Total current assets
479,300
405,900
451,500
420,600
Investments
2,200
1,800
1,800
1,800
Deferred tax asset
2,000
2,000
2,000
1,600
Property, plant and equipment, net
136,300
148,100
141,800
134,400
Goodwill
105,700
127,100
127,000
126,900
Intangibles, net
44,000
163,700
165,200
167,000
Assets held for sale
169,500
-
-
-
Other assets
67,700
88,200
60,800
60,900
Total assets
1,006,700
936,800
950,100
913,200
Accounts payable
137,200
130,200
141,400
99,900
Accrued liabilities
77,900
103,700
122,500
110,100
Current portion of debt obligations
553,900
610,800
581,400
571,800
Contract liabilities
182,700
157,300
171,900
175,500
Current liabilities held for sale
118,700
-
-
-
Other current liabilities
13,000
17,800
16,900
17,000
Total current liabilities
1,083,400
1,019,800
1,034,100
974,300
Deferred tax liability
1,900
4,700
4,700
4,300
Debt obligations
62,100
68,800
80,300
97,300
Liabilities held for sale
22,100
-
-
-
Other liabilities
57,200
75,700
46,300
45,000
Total liabilities
1,226,700
1,169,000
1,165,400
1,120,900
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 1,937 of series a-4
9,700
9,500
9,300
9,100
Redeemable non-controlling interests
-1,100
1,300
1,600
-900
Total temporary equity
8,600
10,800
10,900
8,200
Additional paid-in capital
352,900
350,400
350,100
349,800
Treasury stock, at cost 177,038 and 163,842 shares, respectively
5,600
5,600
5,600
5,600
Accumulated deficit
-588,600
-599,300
-582,500
-575,100
Accumulated other comprehensive loss
-1,900
-1,800
-2,100
-2,400
Total innovate corp. stockholders deficit
-243,200
-256,300
-240,100
-233,300
Non-controlling interests
14,600
13,300
13,900
17,400
Total stockholders deficit
-228,600
-243,000
-226,200
-215,900
Total liabilities, temporary equity and stockholders deficit
1,006,700
936,800
950,100
913,200
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Accounts receivable, net$284,400K (17.18%↑ Y/Y)Cash and cashequivalents$87,800K (162.87%↑ Y/Y)Contract assets$52,600K (-36.63%↓ Y/Y)Other current assets$34,200K (83.87%↑ Y/Y)Inventory$14,800K (-28.50%↓ Y/Y)Current assets held forsale$5,500K (-8.33%↓ Y/Y)Total current assets$479,300K (20.31%↑ Y/Y)Assets held for sale$169,500K Property, plant andequipment, net$136,300K (3.18%↑ Y/Y)Goodwill$105,700K (-16.71%↓ Y/Y)Other assets$67,700K (14.94%↑ Y/Y)Intangibles, net$44,000K (-73.90%↓ Y/Y)Investments$2,200K (-50.00%↓ Y/Y)Deferred tax asset$2,000K (25.00%↑ Y/Y)Accumulated deficit-$588,600K (-3.96%↓ Y/Y)Treasury stock, at cost177,038 and 163,842...$5,600K (0.00%↑ Y/Y)Accumulated othercomprehensive loss-$1,900K (13.64%↑ Y/Y)Total assets$1,006,700K (13.00%↑ Y/Y)Total innovate corp.stockholders deficit-$243,200K (-8.19%↓ Y/Y)Additional paid-in capital$352,900K (1.06%↑ Y/Y)Total liabilities,temporary equity and...$1,006,700K (13.00%↑ Y/Y)Total stockholdersdeficit-$228,600K (-10.76%↓ Y/Y)Non-controlling interests$14,600K (-20.65%↓ Y/Y)Total liabilities$1,226,700K (13.56%↑ Y/Y)Total temporaryequity$8,600K (-49.71%↓ Y/Y)Redeemablenon-controlling interests-$1,100K (-37.50%↓ Y/Y)Total currentliabilities$1,083,400K (24.09%↑ Y/Y)Debt obligations$62,100K (-61.21%↓ Y/Y)Other liabilities$57,200K (34.59%↑ Y/Y)Liabilities held for sale$22,100K Deferred tax liability$1,900K (-57.78%↓ Y/Y)Preferred stock series a-3and preferred stock...$9,700K (-45.81%↓ Y/Y)Current portion of debtobligations$553,900K (16.00%↑ Y/Y)Contract liabilities$182,700K (5.73%↑ Y/Y)Accounts payable$137,200K (71.07%↑ Y/Y)Current liabilitiesheld for sale$118,700K Accrued liabilities$77,900K (-37.88%↓ Y/Y)Other currentliabilities$13,000K (-24.42%↓ Y/Y)