About INNOVATE Corp.
https://www.innovatecorp.comINNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States.

CEO
Paul Kenneth Voigt
Compensation Summary
(Year 2024)
Salary $500,000
Stock Awards $1,500,000
Option Awards $741,808
All Other Compensation $6,000
Total Compensation $2,747,808
Industry Engineering & Construction
Sector Industrials
Went public July 13, 2009
Method of going public SPAC
Full time employees 3,135
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-08-09 | Reverse | 1:10 |
ETFs Holding This Stock
Summary
Total 12
Showing Top 2 of 12
Ratings Snapshot
Rating : C
Discounted Cash Flow 1
Return On Equity 5
Return On Assets 1
Debt To Equity 1
Price To Earnings 1
Price To Book 1
Overall Score 2
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0
Institutional Ownership

JEFFERIES GROUP LLC
Shares:5.45M
Value:$28.89M

B. RILEY SECURITIES, INC.
Shares:2.84M
Value:$15.03M

BLACKROCK INC.
Shares:775.11K
Value:$4.11M
Summary
% Of Shares Owned 89.35%
Total Number Of Holders 40
Showing Top 3 of 40
Market Cap $69.47 M
52w High $13.79
52w Low $4.05
Dividend Yield 162.08%
Frequency Special
P/E -0.94
Volume 20.64K
Outstanding Shares 13.13M
About INNOVATE Corp.
https://www.innovatecorp.comINNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $347.1M ▲ | $50M ▲ | $-23.8M ▼ | -6.86% ▲ | $-0.71 ▲ | $11M ▼ |
| Q2-2025 | $242M ▼ | $40.7M ▼ | $-19.8M ▲ | -8.18% ▲ | $-1.67 ▲ | $12M ▲ |
| Q1-2025 | $274.2M ▲ | $42.1M ▼ | $-24.5M ▼ | -8.94% ▼ | $-1.89 ▼ | $9.4M ▼ |
| Q4-2024 | $236.6M ▼ | $43.9M ▲ | $-16.6M ▼ | -7.02% ▼ | $-1.29 ▼ | $12.8M ▼ |
| Q3-2024 | $242.2M | $42.3M | $-15M | -6.19% | $-1.16 | $14M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $35.5M ▲ | $913.2M ▲ | $1.12B ▲ | $-224.2M ▲ |
| Q2-2025 | $33.4M ▲ | $890.9M ▲ | $1.1B ▲ | $-224.8M ▼ |
| Q1-2025 | $33.3M ▼ | $868M ▼ | $1.05B ▲ | $-204.2M ▼ |
| Q4-2024 | $48.8M ▼ | $891.1M ▼ | $1.05B ▲ | $-180.4M ▼ |
| Q3-2024 | $51M | $897.2M | $1.04B | $-163.1M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-9.6M ▲ | $19.2M ▼ | $-4.9M ▲ | $-11.9M ▲ | $2.1M ▲ | $11.4M ▼ |
| Q2-2025 | $-21M ▲ | $40.4M ▲ | $-6.3M ▼ | $-34.6M ▼ | $100K ▲ | $34.3M ▲ |
| Q1-2025 | $-25.8M ▼ | $-14.1M ▼ | $-3.9M ▲ | $2.4M ▲ | $-15.4M ▼ | $-18.8M ▼ |
| Q4-2024 | $-17.3M ▼ | $41.4M ▲ | $-9.9M ▼ | $-32.9M ▼ | $-3.2M ▲ | $34.2M ▲ |
| Q3-2024 | $-16.2M | $-28.4M | $-3.3M | $1.8M | $-29.2M | $-31.5M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Infrastructure Segment | $0 ▲ | $1.36Bn ▲ | $1.24Bn ▼ | $1.54Bn ▲ |
Life Sciences Segment | $10.00M ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
Life Sciences Segment Pansend | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Spectrum Segment | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Revenue by Geography
| Region | Q1-2019 | Q2-2019 | Q3-2019 | Q4-2019 |
|---|---|---|---|---|
All Other Geographic Locations | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
UNITED STATES | $440.00M ▲ | $470.00M ▲ | $420.00M ▼ | $450.00M ▲ |

CEO
Paul Kenneth Voigt
Compensation Summary
(Year 2024)
Salary $500,000
Stock Awards $1,500,000
Option Awards $741,808
All Other Compensation $6,000
Total Compensation $2,747,808
Industry Engineering & Construction
Sector Industrials
Went public July 13, 2009
Method of going public SPAC
Full time employees 3,135
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-08-09 | Reverse | 1:10 |
ETFs Holding This Stock
Summary
Total 12
Showing Top 2 of 12
Ratings Snapshot
Rating : C
Discounted Cash Flow 1
Return On Equity 5
Return On Assets 1
Debt To Equity 1
Price To Earnings 1
Price To Book 1
Overall Score 2
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0
Institutional Ownership

JEFFERIES GROUP LLC
Shares:5.45M
Value:$28.89M

B. RILEY SECURITIES, INC.
Shares:2.84M
Value:$15.03M

BLACKROCK INC.
Shares:775.11K
Value:$4.11M
Summary
% Of Shares Owned 89.35%
Total Number Of Holders 40
Showing Top 3 of 40



