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INNOVATE Corp. (VATE)

Industrials | Engineering & Construction | New York, United States | NYSE
9.56 USD -0.37 (-3.726%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 9.34 -0.22 (-0.220%) ⇩ (July 13, 2026, 7:40 p.m. EDT)

Short-term:⯪☆☆☆☆Long-term:★☆☆☆☆Dividends:⯪☆☆☆☆
Hot Take | July 11, 2026, 4:43 a.m. EDT

The immediate outlook is severely bearish as the stock has collapsed from recent highs of $19.31 to the current level of $9.93 in just two weeks, signaling a violent capitulation event. While the company boasts a massive 33% revenue growth rate and a recent $12 million dividend announcement, these positives are completely overshadowed by the reality of the balance sheet: negative book value, a current ratio of 0.40 indicating severe liquidity distress, and negative earnings per share. The market has clearly priced out the business quality, viewing the recent price surge as a bubble that has burst. For the long term, the trajectory is disastrous; despite the top-line growth, the share price has lost 87.5% of its value over the last nine years, with the last two years showing consecutive declines. This multi-year structural deterioration suggests the market believes the operational challenges are insurmountable. The dividend yield of nearly 10% is a dangerous trap, likely reflecting a payout that cannot be sustained given the negative equity and cash burn, rather than a reliable income stream. Investors should avoid this security entirely.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.334017
MSTL0.389168
AutoARIMA1.052005
AutoETS1.070834

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 16%
H-stat 49.45
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 2.14
Attribute Value
Sector Industrials
Ex Dividend Date 2026-04-12
Last Dividend Date 2020-05-13
Revenue per Share 100.684
Market Cap 130,416,248
Beta 2.30
Profit Margins -3.96%
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 0.8560748
Address1 295 Madison Avenue
Address2 12th Floor
All Time High 178.9
All Time Low 3.25
Ask 10.17
Ask Size 300
Average Daily Volume10 Day 169,540
Average Daily Volume3 Month 85,885
Average Volume 85,885
Average Volume10Days 169,540
Beta 2.297
Bid 9.35
Bid Size 200
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 9.56
Current Ratio 0.398
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 10.35
Day Low 9.3401
Dividend Date 1,777,334,400
Dividend Rate 0.78
Dividend Yield 9.62
Earnings Call Timestamp End 1,778,790,600
Earnings Call Timestamp Start 1,778,790,600
Earnings Timestamp 1,778,788,800
Earnings Timestamp End 1,785,960,000
Earnings Timestamp Start 1,785,960,000
Ebitda 65,200,000
Ebitda Margins 0.048779998
Enterprise To Ebitda 12.046
Enterprise To Revenue 0.588
Enterprise Value 785,416,256
Eps Trailing Twelve Months -4.24
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 14.8862
Fifty Day Average Change -5.3261995
Fifty Day Average Change Percent -0.35779443
Fifty Two Week Change Percent 85.60748
Fifty Two Week High 21.3
Fifty Two Week High Change -11.739999
Fifty Two Week High Change Percent -0.5511737
Fifty Two Week Low 3.75
Fifty Two Week Low Change 5.8100004
Fifty Two Week Low Change Percent 1.5493335
Fifty Two Week Range 3.75 - 21.3
Financial Currency USD
First Trade Date Milliseconds 1,247,491,800,000
Float Shares 4,333,612
Free Cashflow 139,550,000
Full Exchange Name NYSE
Full Time Employees 3,700
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.15539
Gross Profits 207,700,000
Has Pre Post Market Data 1
Held Percent Insiders 0.60313
Held Percent Institutions 0.17598
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 1
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 130,416,248
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_33284
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-13
Net Income To Common -56,400,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 135,463,729
Open 9.79
Operating Cashflow 206,200,000
Operating Margins 0.027409999
Payout Ratio 0.0
Phone 212 235 2691
Post Market Change -0.22000027
Post Market Change Percent -2.3012578
Post Market Price 9.34
Post Market Time 1,783,986,027
Prev Name HC2 Holdings, Inc.
Previous Close 9.93
Price Hint 2
Price To Book -0.50883543
Price To Sales Trailing12 Months 0.097573124
Profit Margins -0.03958
Quick Ratio 0.369
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.37
Regular Market Change Percent -3.72608
Regular Market Day High 10.35
Regular Market Day Low 9.3401
Regular Market Day Range 9.3401 - 10.35
Regular Market Open 9.79
Regular Market Previous Close 9.93
Regular Market Price 9.56
Regular Market Time 1,783,972,802
Regular Market Volume 110,184
Return On Assets 0.024449999
Revenue Growth 0.33
Revenue Per Share 100.684
Sand P52 Week Change 0.20847368
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Shares Outstanding 13,641,866
Shares Percent Shares Out 0.028900001
Shares Short 394,779
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 243,606
Short Name INNOVATE Corp.
Short Percent Of Float 0.066599995
Short Ratio 3.36
Source Interval 15
State NY
Symbol VATE
Total Cash 134,600,000
Total Cash Per Share 9.867
Total Debt 765,500,032
Total Revenue 1,336,600,064
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -4.24
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.9462
Two Hundred Day Average Change 1.6138005
Two Hundred Day Average Change Percent 0.20309086
Type Disp Equity
Volume 110,184
Website https://innovatecorp.com
Zip 10,017