Flagship explainer
How INNOVATE CORP. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $1.2B | 100% |
| |
| Cost of revenue | $1.0B | 84% |
|
| $200M | 16% |
| |
| $28.7M | 2% |
| |
| Income before tax | −$61.5M | −5% |
|
| Income tax | $2.5M | 0% |
|
| −$60.6M | −5% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001006837-26-000014