INNOVATE (VATE) Revenue & Revenue Breakdown

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INNOVATE Revenue Highlights

Latest Revenue (Y)

$1.42B

Latest Revenue (Q)

$313.10M

Main Segment (Y)

Infrastructure Segment

Main Geography (Y)

UNITED STATES

INNOVATE Revenue by Period

INNOVATE Revenue by Year

Date	Revenue	Change
2023-12-31	$1.42B	-13.09%
2022-12-31	$1.64B	35.85%
2021-12-31	$1.21B	19.83%
2020-12-31	$1.01B	-44.48%
2019-12-31	$1.81B	-8.35%
2018-12-31	$1.98B	20.96%
2017-12-31	$1.63B	4.88%
2016-12-31	$1.56B	39.02%
2015-12-31	$1.12B	106.33%
2014-12-31	$543.20M	135.47%
2013-12-31	$230.69M	-11.46%
2012-12-31	$260.55M	-73.66%
2011-12-31	$989.26M	29.32%
2010-12-31	$764.95M	-6.20%
2009-12-31	$815.55M	-8.96%
2008-12-31	$895.86M	-0.70%
2007-12-31	$902.18M	-10.80%
2006-12-31	$1.01B	-14.82%
2005-12-31	$1.19B	-12.10%
2004-12-31	$1.35B	4.90%
2003-12-31	$1.29B	25.75%
2002-12-31	$1.02B	-5.40%
2001-12-31	$1.08B	-9.75%
2000-12-31	$1.20B	44.03%
1999-12-31	$832.74M	97.51%
1998-12-31	$421.63M	50.48%
1997-12-31	$280.20M	61.99%
1996-12-31	$172.97M	-

INNOVATE generated $1.42B in revenue during NA 2023, up -13.09% compared to the previous quarter, and up 71.99% compared to the same period a year ago.

INNOVATE Revenue by Quarter

Date	Revenue	Change
2024-06-30	$313.10M	-0.67%
2024-03-31	$315.20M	-12.69%
2023-12-31	$361.00M	-3.81%
2023-09-30	$375.30M	1.76%
2023-06-30	$368.80M	16.01%
2023-03-31	$317.90M	-22.33%
2022-12-31	$409.30M	-3.24%
2022-09-30	$423.00M	7.85%
2022-06-30	$392.20M	-4.99%
2022-03-31	$412.80M	4.56%
2021-12-31	$394.80M	-
2021-09-30	$394.80M	61.94%
2021-06-30	$243.80M	41.91%
2021-03-31	$171.80M	-31.77%
2020-12-31	$251.80M	-35.98%
2020-09-30	$393.30M	4.32%
2020-06-30	$377.00M	-15.24%
2020-03-31	$444.80M	-10.75%
2019-12-31	$498.40M	4.77%
2019-09-30	$475.70M	-8.27%
2019-06-30	$518.60M	5.54%
2019-03-31	$491.40M	-6.38%
2018-12-31	$524.90M	4.70%
2018-09-30	$501.36M	0.92%
2018-06-30	$496.78M	9.50%
2018-03-31	$453.69M	-1.05%
2017-12-31	$458.49M	12.82%
2017-09-30	$406.41M	7.33%
2017-06-30	$378.65M	-3.05%
2017-03-31	$390.57M	-13.97%
2016-12-31	$454.00M	9.91%
2016-09-30	$413.08M	14.97%
2016-06-30	$359.29M	8.30%
2016-03-31	$331.74M	-7.99%
2015-12-31	$360.55M	29.94%
2015-09-30	$277.47M	-1.25%
2015-06-30	$280.98M	39.23%
2015-03-31	$201.81M	-9.84%
2014-12-31	$223.83M	24.74%
2014-09-30	$179.43M	85.78%
2014-06-30	$96.59M	122.78%
2014-03-31	$43.35M	-81.21%
2013-12-31	$230.69M	100.00%
2013-09-30	-	100.00%
2013-06-30	-	-100.00%
2013-03-31	$60.88M	-3.75%
2012-12-31	$63.25M	-1.03%
2012-09-30	$63.91M	-2.26%
2012-06-30	$65.39M	-72.14%
2012-03-31	$234.69M	2.77%
2011-12-31	$228.37M	-10.32%
2011-09-30	$254.66M	-9.85%
2011-06-30	$282.50M	26.27%
2011-03-31	$223.72M	18.29%
2010-12-31	$189.14M	0.50%
2010-09-30	$188.20M	-8.38%
2010-06-30	$205.41M	0.50%
2010-03-31	$204.39M	-5.54%
2009-12-31	$216.39M	4.06%
2009-09-30	$207.95M	5.70%
2009-06-30	$196.74M	1.17%
2009-03-31	$194.47M	-3.51%
2008-12-31	$201.55M	-13.04%
2008-09-30	$231.77M	-1.98%
2008-06-30	$236.46M	4.35%
2008-03-31	$226.60M	1.83%
2007-12-31	$222.52M	-

INNOVATE generated $313.10M in revenue during Q2 2024, up -0.67% compared to the previous quarter, and up 98.49% compared to the same period a year ago.

INNOVATE Revenue Breakdown

INNOVATE Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Spectrum Segment	$22.50M	$38.70M	$42.00M	$40.30M	-
Life Sciences Segment (Pansend)	$3.30M	$4.30M	-	-	-
Infrastructure Segment	$1.40B	$1.59B	$1.16B	$676.60M	-
Life Sciences	-	-	$3.50M	-	-
Insurance Services	-	-	-	$300.20M	$331.60M
Other Segments	-	-	-	-	-
Telecommunications	-	-	-	-	$696.10M
Energy Segment	-	-	-	-	$27.60M
Construction Segment	-	-	-	-	$461.70M
Marine Services	-	-	-	-	$377.40M

INNOVATE's latest annual revenue breakdown by segment (product or service), as of Dec 23: Infrastructure Segment (98.19%), Spectrum Segment (1.58%), and Life Sciences Segment (Pansend) (0.23%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Infrastructure Segment	$904.00M	$925.20M	$723.10M	$362.40M	$311.70M	$397.30M	$412.70M	$382.10M	$402.20M	$383.40M	$383.00M	$232.00M	-	-	-	-	-	-	-	-
Life Sciences Segment	$3.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Spectrum Segment	$6.40M	$6.30M	$11.10M	$5.70M	$5.70M	$10.70M	$9.10M	$9.10M	$9.80M	$10.70M	$10.20M	$10.60M	-	-	-	-	-	-	-	-
Life Sciences Segment (Pansend)	-	$1.00M	$2.10M	$700.00K	$500.00K	$1.30M	$1.20M	$1.00M	$800.00K	-	-	-	-	-	-	-	-	-	-	-
Life Sciences	-	-	-	-	-	-	-	-	-	$700.00K	$1.60M	$1.20M	-	-	-	-	-	-	-	-
Government Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$21.30M	-	-	-	-	-	-	-
Insurance Services	-	-	-	-	-	-	-	-	-	-	-	-	-	$77.00M	$78.90M	$80.50M	$63.80M	$80.30M	$80.40M	$82.10M
Telecommunications	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$136.40M	$107.30M	$186.40M	$189.10M	$162.20M	$189.30M
Energy Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.30M	$10.30M	$10.40M	$8.70M	$5.50M	-
Construction Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$160.80M	$172.30M	$176.50M	$157.50M	$168.40M	$195.70M
Broadcasting Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.70M	$9.50M	$10.10M	$12.00M	$10.00M	$10.00M
Marine Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$42.50M	$48.20M	$39.40M
Other Segments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

INNOVATE's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Infrastructure Segment (98.97%), Spectrum Segment (0.70%), and Life Sciences Segment (0.33%).

INNOVATE Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 19	Dec 18
All Other Geographic Locations	$37.20M	$26.80M
UNITED STATES	$1.78B	$1.76B

INNOVATE's latest annual revenue breakdown by geography, as of Dec 19: UNITED STATES (97.95%), and All Other Geographic Locations (2.05%).

Quarterly Revenue by Country

Country	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18
All Other Geographic Locations	$8.60M	$10.10M	$9.90M	$8.60M	$7.42M	$6.12M	$8.37M
UNITED STATES	$447.90M	$419.30M	$469.90M	$440.60M	$472.12M	$450.17M	$423.02M

INNOVATE's latest quarterly revenue breakdown by geography, as of Dec 19: UNITED STATES (98.12%), and All Other Geographic Locations (1.88%).

INNOVATE Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PRIM	Primoris Services	$5.72B	$1.65B
FIX	Comfort Systems USA	$5.21B	$1.81B
MYRG	MYR Group	$3.64B	$888.04M
GVA	Granite Construction	$3.51B	$1.28B
IESC	IES	$2.88B	$768.41M
STRL	Sterling Infrastructure	$1.97B	$593.74M
ROAD	Construction Partners	$1.82B	$517.79M
VATE	INNOVATE	$1.42B	$313.10M
NVEE	NV5 Global	$926.83M	$226.05M
MTRX	Matrix Service	$728.21M	$165.58M
GLDD	Great Lakes Dredge & Dock	$589.63M	$191.17M
LMB	Limbach	$516.35M	$133.92M
BBCP	Concrete Pumping	$442.24M	$109.62M

VATE Revenue FAQ

What is INNOVATE’s yearly revenue?

INNOVATE's yearly revenue for 2023 was $1.42B, representing a decrease of -13.09% compared to 2022. The company's yearly revenue for 2022 was $1.64B, representing an increase of 35.85% compared to 2021. VATE's yearly revenue for 2021 was $1.21B, representing an increase of 19.83% compared to 2020.

What is INNOVATE’s quarterly revenue?

INNOVATE's quarterly revenue for Q2 2024 was $313.1M, a -0.67% decrease from the previous quarter (Q1 2024), and a -15.10% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $315.2M, a -12.69% decrease from the previous quarter (Q4 2023), and a -0.85% decrease year-over-year (Q1 2023). VATE's quarterly revenue for Q4 2023 was $361M, a -3.81% decrease from the previous quarter (Q3 2023), and a -11.80% decrease year-over-year (Q4 2022).

What is INNOVATE’s revenue growth rate?

INNOVATE's revenue growth rate for the last 3 years (2021-2023) was 18.07%, and for the last 5 years (2019-2023) was -21.45%.

What are INNOVATE’s revenue streams?

INNOVATE's revenue streams in c 23 are Spectrum Segment, Life Sciences Segment (Pansend), and Infrastructure Segment. Spectrum Segment generated $22.5M in revenue, accounting 1.58% of the company's total revenue, down -41.86% year-over-year. Life Sciences Segment (Pansend) generated $3.3M in revenue, accounting 0.23% of the company's total revenue, down -23.26% year-over-year. Infrastructure Segment generated $1.4B in revenue, accounting 98.19% of the company's total revenue, down -12.36% year-over-year.

What is INNOVATE’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of INNOVATE was Infrastructure Segment. This segment made a revenue of $1.4B, representing 98.19% of the company's total revenue.