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INNOVATE Corp.
1W: +0.5%
1M: -19.6%
3M: -23.1%
YTD: +14.4%
1Y: +6.1%
3Y: -56.2%
5Y: -84.2%
$5.96
+0.32 (+5.67%)
Weekly Expected Move ±6.7%
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Credit Risk of going bust: higher than 96% of companies Debt: 89.4% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.25 (down 29%), INNOVATE Corp. would be worth roughly what it owes.
Total debt $682.4M against a stock market value of $81.3M.
Distance to default 0.41 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $585.0M (short-term plus half of long-term), stock volatility 108.8%; Altman Z'' -5.48. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $4.25 (down 29%), INNOVATE Corp. would be worth roughly what it owes.
Total debt $682.4M against a stock market value of $81.3M.
Distance to default 0.41 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $585.0M (short-term plus half of long-term), stock volatility 108.8%; Altman Z'' -5.48. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Balance Sheet Trends
Total Assets
$950M
+6.6% ▲
5Y CAGR: -32.4%
Total Liabilities
$1.2B
+10.9% ▲
5Y CAGR: -28.2%
Shareholders Equity
-$231M
-27.9% ▼
Cash & Investments
$112M
+129.7% ▲
5Y CAGR: +19.9%
Total Debt
$718M
-0.2% ▼
5Y CAGR: +3.5%
Net Debt
$605M
-9.7% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $46M | $80M | $81M | $49M | $112M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $46M | $80M | $81M | $49M | $112M |
| Net Receivables | $366M | $420M | $399M | $301M | $310M |
| Inventory | $17M | $19M | $22M | $21M | $16M |
| Other Current Assets | $14M | $17M | $5M | $10M | $14M |
| Total Current Assets | $443M | $536M | $518M | $391M | $452M |
| Property, Plant & Equip. | $240M | $165M | $213M | $187M | $142M |
| Goodwill & Intangibles | $336M | $317M | $306M | $299M | $292M |
| Long-Term Investments | $44M | $60M | $2M | $4M | $2M |
| Other Non-Current Assets | $15M | $72M | $3M | $8M | $61M |
| Total Non-Current Assets | $638M | $615M | $525M | $500M | $499M |
| Total Assets | $1.1B | $1.2B | $1.0B | $891M | $950M |
| — Liabilities — | |||||
| Accounts Payable | $179M | $202M | $143M | $85M | $141M |
| Short-Term Debt | $70M | $31M | $30M | $162M | $594M |
| Deferred Revenue | $79M | $99M | $154M | $109M | $0 |
| Other Current Liabilities | $18M | $37M | $32M | $38M | $298M |
| Total Current Liabilities | $440M | $417M | $445M | $484M | $1.0B |
| Long-Term Debt | $557M | $684M | $679M | $501M | $80M |
| Other Non-Current Liab. | $24M | $17M | $20M | $19M | $3M |
| Total Non-Current Liabilities | $648M | $764M | $752M | $567M | $131M |
| Total Liabilities | $1.1B | $1.2B | $1.2B | $1.1B | $1.2B |
| — Equity — | |||||
| Common Stock | $100K | $100K | $0 | $0 | $0 |
| Retained Earnings | -$416M | -$452M | -$487M | -$522M | -$582M |
| Accumulated OCI | $6M | $6M | -$1M | -$3M | -$2M |
| Total Stockholders Equity | -$84M | -$104M | -$166M | -$180M | -$231M |
| Total Liabilities & Equity | $1.1B | $1.2B | $1.0B | $891M | $950M |
| — Key Metrics — | |||||
| Total Debt | $685M | $785M | $772M | $719M | $718M |
| Net Debt | $639M | $705M | $691M | $670M | $605M |
| Total Investments | $44M | $60M | $2M | $4M | $2M |