vate: the income statement

MyFinsight

For the quarter ending 2025-09-30, VATE made -$7,800K in revenue. -$9,400K in net income. Net profit margin of 120.51%.

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
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