INNOVATE Corp.
VATE · XNYSCIK 1006837fmd_1C5TVRQKQNCK0KHRFSJGRXY12WManufacturing · Fabricated Structural Metal ProductsTemplate: Standard
Coverage: Jan 01, 2010 to Sep 30, 2026, 67 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 1,558 | 1,634 | 1,782 | 1,077 | 717 | 1,205 | 1,637 | 1,423 | 1,107 | 1,246 |
| Net premiums earned | 79 | 81 | 94 | 117 | 115 | – | – | – | – | – |
| Cost of revenue | 1,254 | 1,313 | 1,422 | 596 | 589 | 1,022 | 1,416 | 1,207 | 898 | 1,046 |
| Net investment income | 58 | 66 | 117 | 204 | 189 | – | – | – | – | – |
| Gross profit | 304 | 321 | 360 | 481 | 128 | 184 | 221 | 216 | 209 | 200 |
| Realized investment gains (losses) | 5 | 5 | (8) | 1 | (15) | – | – | 16 | (0) | – |
| Selling, general and administrative | 153 | 183 | 198 | 177 | 146 | 168 | 180 | 168 | 160 | 153 |
| Total operating expenses | 1,560 | 1,635 | 2,033 | – | – | – | – | – | – | – |
| Operating income | (2) | (1) | (40) | 25 | (28) | (11) | 13 | 27 | 40 | 29 |
| Interest expense | 43 | 55 | 70 | 76 | 75 | 59 | 52 | 68 | 75 | 89 |
| Interest and investment income | – | – | – | – | – | – | – | 1 | 3 | 1 |
| Other non-operating income (expense) | (3) | (13) | 78 | 6 | 69 | 4 | (1) | 17 | 3 | 5 |
| Income before taxes | (46) | (40) | 197 | (42) | (47) | (81) | (41) | (34) | (33) | (62) |
| Income tax expense | 52 | 11 | 2 | (20) | 7 | 6 | 1 | 5 | 6 | 3 |
| Net income from continuing operations | (97) | (50) | 194 | (22) | (54) | (86) | (42) | (39) | (40) | (64) |
| Net income | (95) | (47) | 162 | (32) | (92) | (228) | (36) | (35) | (35) | (61) |
| Net income to common shareholders | (105) | (50) | 156 | (32) | (96) | (230) | (41) | (38) | (36) | (64) |