Financial insights of VATE

MyFinsight

For the quarter ending 2025-09-30, VATE made $347,100K in revenue. -$9,400K in net income. Net profit margin of -2.71%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	347,100	242,000	274,200	275,900
Cost of revenue	297,400	196,400	228,700	228,400
Gross profit	49,700	45,600	45,500	47,500
Selling, general and administrative	39,600	35,100	37,800	39,950
Depreciation and amortization	4,300	4,400	4,400	4,400
Other operating (income) loss	300	-1,200	100	-500
Income (loss) from operations	6,100	4,900	3,400	2,650
Interest expense	23,400	21,400	20,200	18,625
Loss from equity investees	0	0	-5,900	-400
Other income, net	600	-300	4,000	500
Loss from operations before income taxes	-16,700	-16,800	-18,700	-15,850
Income tax benefit (expense)	-7,100	4,200	7,100	2,850
Net loss	-9,600	-21,000	-25,800	-18,700
Net loss attributable to non-controlling interests and redeemable non-controlling interests	-700	-1,200	-1,300	-1,700
Net loss attributable to innovate corp	-8,900	-19,800	-24,500	-17,000
Less preferred dividends	500	2,200	300	300
Net loss attributable to common stockholders and participating preferred stockholders, basic	-9,400	-22,000	-24,800	-17,300

Loss per common share - basic (in usd per share)	-0.71	-1.67	-1.89	-1.005
Loss per common share - diluted (in usd per share)	-0.71	-1.67	-1.89	-1
Weighted-average common shares outstanding - basic (in shares)	13,264,799	13,146,750	13,114,804	-45,737,449
Weighted-average common shares outstanding - diluted (in shares)	13,264,799	13,146,750	13,114,804	-73,263,800