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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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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$1.2B
+12.5% ▲
5Y CAGR: +11.7%
Gross Profit
$182M
-12.7% ▼
5Y CAGR: +7.2%
Operating Income
$34M
-14.5% ▼
Net Income
-$61M
-75.1% ▼
EPS (Diluted)
$-4.84
-77.3% ▼
EBITDA
$65M
-11.4% ▼
5Y CAGR: +3.3%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.6B | $1.4B | $1.1B | $1.2B |
| YoY Growth | +19.8% | +35.9% | -13.1% | -22.2% | +12.5% |
| Cost of Revenue | $1.0B | $1.4B | $1.2B | $898M | $1.1B |
| Gross Profit | $184M | $221M | $216M | $209M | $182M |
| Gross Margin | 15.2% | 13.5% | 15.2% | 18.9% | 14.6% |
| R&D Expenses | $0 | $0 | $0 | $0 | $0 |
| SG&A Expenses | $0 | $0 | $0 | $0 | $153M |
| Operating Expenses | $194M | $208M | $190M | $169M | $148M |
| Operating Income | -$11M | $13M | $26M | $40M | $34M |
| Operating Margin | -0.9% | 0.8% | 1.9% | 3.6% | 2.7% |
| Interest Expense | $59M | $52M | $68M | $74M | $89M |
| Income Before Tax | -$81M | -$41M | -$34M | -$33M | -$62M |
| Tax Expense | $6M | $900K | $4M | $6M | $2M |
| Net Income | -$228M | -$36M | -$35M | -$35M | -$61M |
| Net Margin | -18.9% | -2.2% | -2.5% | -3.1% | -4.9% |
| EPS (Diluted) | $-10.35 | $-5.26 | $-4.78 | $-2.73 | $-4.84 |
| EBITDA | $32M | $63M | $63M | $73M | $65M |
| Shares Outstanding | 8M | 8M | 8M | 13M | 13M |