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INNOVATE Corp. (VATE)

Industrials | Engineering & Construction | New York, United States | NYSE
7.59 USD -0.15 (-1.938%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 7.50 -0.09 (-0.090%) ⇩ (Aug. 28, 2026, 7:52 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 2:35 a.m. EDT

The immediate outlook is clouded by severe liquidity distress rather than investment opportunity. Despite a recent price spike driven by a dividend boost, the company is posting losses, carrying massive debt relative to cash, and explicitly warning of 'going concern' risk. The balance sheet is fragile with a current ratio well below 1.0, suggesting the firm may struggle to meet obligations without further capital raises or asset sales. While the backlog numbers are impressive, the financial reality of negative book value and negative earnings makes the stock a speculative gamble on survival rather than a sound investment. The recent price volatility appears to be a reaction to the dividend announcement and news flow, but the underlying fundamentals remain deeply impaired.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.437433
AutoETS0.438057
AutoTheta0.575162
AutoARIMA0.736383

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 25%
H-stat 29.11
Ljung-Box p 0.000
Jarque-Bera p 0.061
Excess Kurtosis -1.55
Attribute Value
Sector Industrials
Ex Dividend Date 2026-04-12
Last Dividend Date 2020-05-13
Revenue per Share 113.724
Market Cap 103,541,768
Beta 2.37
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
dividendRate 0.78
dividendYield 9.62
exDividendDate 2026-04-13
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 38.9
lastDividendDate 2020-05-14
dividendDate 2026-04-28

Info Dump

Attribute Value
52 Week Change 0.3920864
Address1 295 Madison Avenue
Address2 12th Floor
All Time High 178.9
All Time Low 3.25
Ask 8.15
Ask Size 200
Average Daily Volume10 Day 183,650
Average Daily Volume3 Month 401,861
Average Volume 401,861
Average Volume10Days 183,650
Beta 2.368
Bid 6.5
Bid Size 100
Book Value -18.788
City New York
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 7.59
Current Ratio 0.442
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 7.854
Day Low 7.58
Dividend Date 1,777,334,400
Dividend Rate 0.78
Dividend Yield 9.62
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 7.64
Enterprise To Revenue 0.476
Enterprise Value 721,241,792
Eps Trailing Twelve Months -1.76
Esg Populated 0
Ex Dividend Date 1,776,038,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.7826
Fifty Day Average Change -3.1926003
Fifty Day Average Change Percent -0.29608816
Fifty Two Week Change Percent 39.208637
Fifty Two Week High 21.3
Fifty Two Week High Change -13.709999
Fifty Two Week High Change Percent -0.643662
Fifty Two Week Low 3.75
Fifty Two Week Low Change 3.8400002
Fifty Two Week Low Change Percent 1.024
Fifty Two Week Range 3.75 - 21.3
Financial Currency USD
First Trade Date Milliseconds 1,247,491,800,000
Float Shares 4,122,572
Free Cashflow 111,075,000
Full Exchange Name NYSE
Full Time Employees 3,587
Fullday Change -0.15
Fullday Change Percent -1.93798
Fullday Price 7.5
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.15935001
Gross Profits 241,600,000
Has Pre Post Market Data 1
Held Percent Insiders 0.61314
Held Percent Institutions 0.23096001
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 103,541,768
Market State CLOSED
Max Age 86,400
Message Board Id finmb_33284
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-08-29
Net Income To Common -24,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 105,588,042
Open 7.85
Operating Cashflow 141,200,000
Operating Margins 0.081829995
Payout Ratio 0.0
Phone 212 235 2691
Post Market Change -0.09000015
Post Market Change Percent -1.1857728
Post Market Price 7.5
Post Market Time 1,787,961,173
Prev Name HC2 Holdings, Inc.
Previous Close 7.74
Price Hint 2
Price To Book -0.40398127
Price To Sales Trailing12 Months 0.068290316
Profit Margins -0.01477
Quick Ratio 0.394
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.15
Regular Market Change Percent -1.93798
Regular Market Day High 7.854
Regular Market Day Low 7.58
Regular Market Day Range 7.58 - 7.854
Regular Market Open 7.85
Regular Market Previous Close 7.74
Regular Market Price 7.59
Regular Market Time 1,787,947,203
Regular Market Volume 50,038
Return On Assets 0.04275
Revenue Growth 0.742
Revenue Per Share 113.724
Sand P52 Week Change 0.20504117
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Shares Outstanding 13,641,866
Shares Percent Shares Out 0.0361
Shares Short 492,946
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 456,004
Short Name INNOVATE Corp.
Short Percent Of Float 0.0832
Short Ratio 0.59
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 -1.76
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.50155
Two Hundred Day Average Change -0.91154957
Two Hundred Day Average Change Percent -0.10722157
Type Disp Equity
Volume 50,038
Website https://innovatecorp.com
Zip 10,017