VATE · INNOVATE Corp.
Substantial doubt about the company's ability to continue as a going concern.
“The accompanying unaudited Condensed Consolidated Financial Statements have been prepared assuming that the Company will continue as a going concern. However, as of the date of these financial statements, there is substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.”View the 10-Q filed May 14, 2026
Price & Indicators
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TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
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| adjusted backlog | 1.8B | as of March 31, 2026 | — |
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| DBMG Adjusted EBITDA margin non-GAAP | 6.4% | first quarter 2026 | — |
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| DBMG gross margin | 14.2% | first quarter 2026 | — |
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| R2 demand | $2.2M | first quarter 2026 | — |
| reported backlog | 1.6B | as of March 31, 2026 | — |
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| Total Adjusted EBITDA non-GAAP | $19.7M | Three Months Ended March 31, 2026 | — |
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| R2 minimum purchase commitment | 600 | 3-year period | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
Versus peers
Engineering & Construction — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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VATE
this stock
INNOVATE Corp.
|
$113.77M | +84.5% | +12.5% | — | 3.3% |
|
PWR
Quanta Services, Inc.
|
$93.91B | +54.9% | +20.3% | 85.9 | 2.1% |
|
FIX
Comfort Systems USA Inc
|
$61.01B | +85.8% | -73.9% | 42.7 | 2.4% |
|
FER
Ferrovial N.V.
|
$45.26B | -2.1% | — | — | 0.5% |
|
EME
EMCOR Group, Inc.
|
$33.10B | +25.8% | +16.6% | 25.0 | 3.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| VATE | -7.6% | -55.1% | +49.2% | -55.3% | +84.5% |
| SPY | -1.7% | +0.7% | +6.4% | -1.2% | +8.3% |
| vs SPY | -6.0% | -55.7% | +42.8% | -54.2% | +76.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.