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	2024-09-30
Revenue	347,100	242,000	274,200	242,200
Cost of revenue	297,400	196,400	228,700	194,000
Gross profit	49,700	45,600	45,500	48,200
Selling, general and administrative	39,600	35,100	37,800	37,400
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	5,900
Interest expense	23,400	21,400	20,200	-
Loss from equity investees	0	0	-5,900	-
Other income, net	600	-300	4,000	2,200
Interest expense	-	-	-	21,200
Loss from operations before income taxes	-16,700	-16,800	-18,700	-13,100
Income tax benefit (expense)	-7,100	4,200	7,100	3,100
Net loss	-9,600	-21,000	-25,800	-16,200
Net loss attributable to non-controlling interests and redeemable non-controlling interests	-700	-1,200	-1,300	-1,200
Net loss attributable to innovate corp	-8,900	-19,800	-24,500	-15,000
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	-15,300
Net loss attributable to common stockholders and participating preferred stockholders, diluted	-	-	-	-15,300

Loss per common share - basic (in usd per share)	-0.71	-1.67	-1.89	-1.18
Loss per common share - diluted (in usd per share)	-0.71	-1.67	-1.89	-1.18
Weighted-average common shares outstanding - basic (in shares)	13,264,799	13,146,750	13,114,804	12,966,322
Weighted-average common shares outstanding - diluted (in shares)	13,264,799	13,146,750	13,114,804	12,966,322