INNOVATE Corp.

INNOVATE Corp. reported revenue of $1.25 billion for FY 2025, generating gross profit of $199.7 million. Despite positive operating income of $28.7 million, the company incurred a net loss of $64.0 million, primarily due to high interest expense of $89.0 million. The net loss attributable to common stockholders was $64.0 million, with loss per share of $5.00. The company maintained strong operating cash flow of $146.6 million, ending with $112.1 million in cash and cash equivalents. Total assets stood at $950.1 million against total liabilities of $1.17 billion, resulting in stockholders' deficit of $226.2 million. The company operates through three reportable segments: Infrastructure (DBMG), Life Sciences (Pansend), and Spectrum (Broadcasting).

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