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INNOVATE Corp. (VATE)

Industrials | Engineering & Construction | New York, United States | NYSE
6.00 USD -0.21 (-3.382%) ⇩ (Oct. 16, 2026, 4 p.m. EDT)
After hours: 6.00

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 3:43 a.m. EDT

The immediate outlook is severely clouded by a liquidity crisis that has forced the company to adopt PIK interest to bolster cash reserves, signaling that organic operations are insufficient to meet obligations without diluting shareholders further. While the stock recently popped on news of a boosted dividend, the absence of any actual dividend payments over the last five years renders this headline misleading and the payout unsustainable given the negative book value and massive debt load relative to equity. Fundamentally, the business is deteriorating rapidly; despite a reported 74% revenue growth, the company is posting losses, has negative shareholder equity, and faces a 'going concern' risk flag on its latest earnings call. The price action reflects this fragility, trading significantly below its 50-day and 200-day averages, suggesting the market is pricing in a high probability of distress rather than a turnaround. With a beta of 2.45 amplifying volatility and no reliable analyst consensus, the risk-reward profile is skewed heavily toward capital preservation, making this a speculative trap rather than an investment opportunity.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.051508
MSTL0.061138
AutoARIMA0.394842
AutoTheta0.450701

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 23%
H-stat 14.72
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.81
Attribute Value
Sector Industrials
Ex Dividend Date 2013-08-27
Last Dividend Date 2020-05-13
Revenue per Share 113.724
Market Cap 81,851,200
Beta 2.45
Profit Margins -1.48%
Previous Name HC2 Holdings, Inc.
Website https://innovatecorp.com

Dividend Data

Dividend History
Date Dividend Yield %
2020-05-14 38.9 162.083333
2013-08-28 85.0 213.567843
2012-12-19 5.0 4.690432
2012-11-23 25.0 21.422451
2012-06-28 10.0 6.485084
Additional Data
dividendYield 0.0
exDividendDate 2013-08-28
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 38.9
lastDividendDate 2020-05-14
dividendDate 2026-04-28

Info Dump

Attribute Value
52 Week Change 0.27931774
Address1 295 Madison Avenue
Address2 12th Floor
All Time High 178.9
All Time Low 3.25
Ask 6.0
Ask Size 200
Audit Risk 8
Average Daily Volume10 Day 60,880
Average Daily Volume3 Month 376,878
Average Volume 376,878
Average Volume10Days 60,880
Beta 2.445
Bid 6.01
Bid Size 100
Board Risk 3
Book Value -17.827
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 6
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.0
Current Ratio 0.442
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 6.22
Day Low 6.0
Display Name INNOVATE
Dividend Date 1,777,334,400
Dividend Yield 0.0
Earnings Call Timestamp End 1,786,048,200
Earnings Call Timestamp Start 1,786,048,200
Earnings Timestamp 1,786,046,400
Earnings Timestamp End 1,794,513,600
Earnings Timestamp Start 1,794,513,600
Ebitda 94,400,000
Ebitda Margins 0.06226
Enterprise To Ebitda 7.41
Enterprise To Revenue 0.461
Enterprise Value 699,551,168
Eps Trailing Twelve Months -1.79
Esg Populated 0
Ex Dividend Date 1,377,648,000
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 7.4846
Fifty Day Average Change -1.4846001
Fifty Day Average Change Percent -0.19835396
Fifty Two Week Change Percent 27.931774
Fifty Two Week High 21.3
Fifty Two Week High Change -15.299999
Fifty Two Week High Change Percent -0.7183098
Fifty Two Week Low 3.75
Fifty Two Week Low Change 2.25
Fifty Two Week Low Change Percent 0.6
Fifty Two Week Range 3.75 - 21.3
Financial Currency USD
First Trade Date Milliseconds 1,247,491,800,000
Float Shares 3,352,625
Free Cashflow 111,075,000
Full Exchange Name NYSE
Full Time Employees 3,587
Fullday Change -0.21000004
Fullday Change Percent -3.381643
Fullday Price 6.0
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.15935001
Gross Profits 241,600,000
Has Pre Post Market Data 1
Held Percent Insiders 0.6247
Held Percent Institutions 0.23201
Implied Shares Outstanding 13,641,866
Industry Engineering & Construction
Industry Disp Engineering & Construction
Industry Key engineering-construction
Ir Website http://investors.ptgi.com/phoenix.zhtml?c=67300&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,589,414,400
Last Dividend Value 38.9
Last Fiscal Year End 1,767,139,200
Last Split Date 1,723,161,600
Last Split Factor 1:10
Long Business Summary INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company operates through the Infrastructure, Life Sciences, and Spectrum segments. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants; and manufacture of pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators, and various customized products. This segment also offers solutions for digital engineering, modeling and detailing, construction, and heavy equipment installation and facility services, including maintenance, repair, and installation. Its Life Sciences segment develops products to treat early osteoarthritis of the knee; and aesthetic and medical technologies for the skin. The Spectrum segment operates over-the-air broadcasting stations across the United States. The company was formerly known as HC2 Holdings, Inc. and changed its name to INNOVATE Corp. in September 2021. The company was incorporated in 1994 and is headquartered in New York, New York.
Long Name INNOVATE Corp.
Market us_market
Market Cap 81,851,200
Market State CLOSED
Max Age 86,400
Message Board Id finmb_33284
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-10-18
Net Income To Common -24,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 104,769,530
Open 6.28
Operating Cashflow 141,200,000
Operating Margins 0.081829995
Overall Risk 3
Payout Ratio 0.0
Phone 212 235 2691
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 6.0
Post Market Time 1,792,180,834
Prev Name HC2 Holdings, Inc.
Previous Close 6.21
Price Hint 2
Price To Book -0.33656815
Price To Sales Trailing12 Months 0.053984437
Profit Margins -0.01477
Quick Ratio 0.394
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.21
Regular Market Change Percent -3.38164
Regular Market Day High 6.22
Regular Market Day Low 6.0
Regular Market Day Range 6.0 - 6.22
Regular Market Open 6.28
Regular Market Previous Close 6.21
Regular Market Price 6.0
Regular Market Time 1,792,180,802
Regular Market Volume 26,134
Return On Assets 0.04275
Revenue Growth 0.742
Revenue Per Share 113.724
Sand P52 Week Change 0.13723719
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Share Holder Rights Risk 1
Shares Outstanding 13,641,866
Shares Percent Shares Out 0.040700004
Shares Short 555,264
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 545,864
Short Name INNOVATE Corp.
Short Percent Of Float 0.0937
Short Ratio 5.46
Source Interval 15
State NY
Symbol VATE
Total Cash 87,800,000
Total Cash Per Share 6.436
Total Debt 682,300,032
Total Revenue 1,516,199,936
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -1.79
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.90545
Two Hundred Day Average Change -2.9054499
Two Hundred Day Average Change Percent -0.32625526
Type Disp Equity
Volume 26,134
Website https://innovatecorp.com
Zip 10,017