← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
INNOVATE Corp.: Revenue grew 12.5% to $1.246B from $1.107B. Net loss widened to $60.6M from $34.6M. Free cash flow turned positive at $146M from a $9.9M outflow. Operating margin contracted 131 bps to 2.30%. INNOVATE Corp.'s annual comparison also shows the balance-sheet screen falls in the distress range and requires business-model context.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 12.5% to $1.246B from $1.107BOK
- Profitability — Net loss widened to $60.6M from $34.6MWatch
- Cash flow — Free cash flow turned positive at $146M from a $9.9M outflowOK
- Margins — Operating margin contracted 131 bps to 2.30%Watch
- Accounting — Going-concern warning and covenant pressureWatch
- Insiders — 0 purchases and 0 salesNote
Business
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Where the revenue comes from
Fiscal 2025, as INNOVATE Corp. reports it. History and quarterly detail are in the app.
- Infrastructure$1.2B
- Spectrum$23.2M
- Life Sciences$12.5M
Leadership changes
From INNOVATE Corp.'s own filings, the day they're filed.
- Suzi Herbst · Chief Operating Officer · departureeff. 2023-09-21
- Paul K. Voigt · Chief Executive Officer · appointmenteff. 2023-07-25
- Suzi Herbst · Chief Operating Officer · appointmenteff. 2023-07-23
Latest filings
- 8-K · Company announcement2026-09-02
- 8-K · Company announcement2026-08-18
- 8-K · Company announcement2026-08-10
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-08-06
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about INNOVATE Corp., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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