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VAVATE

INNOVATE Corp.

$VATE·$106M·Engineering & Construction·Industrials
$7.40-4.8%YTD+68.8%1Y+61.2%
Price updated 13h ago·X counts updated 1d ago
VAVATE
$VATEINNOVATE Corp.
$7.40-4.76%4 posts
AI analysisFundamentalsVoices on X
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On X

The complete picture of $VATE on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

4X posts · last 7 days
Sep 11Sep 27
Bullish sentimentAI analysisGenerated by AI from underlying data7 posts analyzed · as of 2026-08-14

Vate is strongly bullish. +43% intraday momentum, DBM Global revenue +78% to $414M drove overall revenue +74%, GAAP profit swung to $10.7M (from -$19.8M), adj EBITDA nearly tripled to $46.3M. Pre-market watchlist targeting $13-$15 (spiking bull raises target to $23-$26). Low float + double margin.

Read what X is saying about $VATE

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $VATE — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Hinges on a big eventEvent coming upAI verdict · as of 2026-09-29

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

INNOVATE Corp is up 69% YTD on the $650M DBM Global sale to IES Holdings — a specific corporate-action monetization on a $110M micro-cap.

INNOVATE Corp is a $110M-cap holdings company with infrastructure, life-sciences, and spectrum-broadcasting assets whose corporate-action pipeline has just delivered a major monetization.

  • Up 69% year to date and 61% over the last twelve months, at 21% of its 52-week range and 15% below the 200-day moving average.
  • Q2 revenue $422M grew 74% year over year at 19% gross margin and 8% operating margin, EPS $0.74 and $1M of free cash flow.
  • Q1 revenue $365M grew 33% year over year — Q2 acceleration was material.
  • Trailing P/E -7 and free-cash-flow yield 86% — the compressed valuation reflects the recent sale mechanics.
  • Debt-to-equity 3.11 and beta 2.35 — high leverage with elevated volatility.
  • Three straight beats of 41-133% surprise magnitude — earnings execution has been very strong.
  • Just agreed to $650M sale of DBM Global to IES Holdings — a specific corporate-action monetization.
  • Also announced closing of the sale of controlling interest in the broadcasting segment to CONX.
  • MediBeacon Transdermal GFR System nominated for 2026 Prix Galien USA Best Medical Technology.

November 12 earnings will show cash-return use and any updated commentary on the remaining life-sciences portfolio.

Agrees with X sentimentThe X sample flags the +43% intraday momentum, DBM Global revenue +78% to $414M, and pre-market watchlist targeting $13-$26 — that lines up with the operational and corporate-action setup.

What to watch: November 12 print — cash-return plan post the DBM Global sale, remaining life-sciences portfolio value, and any updated commentary on MediBeacon commercialization.

On the calendar: 2026-11-12 — Q3 earnings

tiny floathigh betacorporate action divestiture

Read the AI verdict on $VATE

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Diversified holding company with subsidiaries in civil infrastructure construction, life sciences, and wireless spectrum assets.

Industry overviewAI analysisGenerated by AI from underlying data

Where Engineering & Construction sits in its cycle right now — and what that implies for $VATE.

Engineering & Construction · Industrials

No material change from last week — record order books driven by data-center electrical infrastructure, IIJA grid modernisation, and LNG construction.

What this means for $VATE

Neutral — Diversified holding company with subsidiaries in civil infrastructure construction, life sciences, and wireless spectrum assets.

Industry benchmark

20-name peer basket
+11.8%YTD
+14.8%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-6.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
41.7%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
4.5%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
86.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.1Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
13.4%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
15.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
3.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$0.71$-2.18+132.5%
Q1 2026May 14, 2026$-1.29$-2.18+40.9%
Q4 2025Mar 26, 2026$-0.58$-0.99+41.6%
Q3 2025Nov 12, 2025$-0.71$-0.99+28.5%
Next earningsThu, Nov 12·consensus EPS $-2.18

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$421.6M+74.2%18.9%8.2%$0.74$1.0M
Q1 FY26$364.8M+33.0%13.5%3.0%$-1.29$36.0M
Q4 FY25$382.7M+61.7%14.2%4.0%$-0.58$93.6M
Q3 FY25$347.1M+43.3%13.1%2.0%$-0.71$11.4M

Forward consensus

5-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$1.6B$1.6B – $1.6B-$11.00-$11.00 – -$11.001
FY27$1.9B$1.9B – $1.9B$35.79$35.79 – $35.791
FY28$2.0B$2.0B – $2.0B-$2.48-$2.48 – -$2.481
FY29$1.5B$1.5B – $1.5B-$20.65-$20.65 – -$20.651
FY30$1.1B$1.1B – $1.1B-$5.96-$5.96 – -$5.961

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.21%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-4.9%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-15.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatTiny float · 4.3M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.355-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

No open-market buys or sells in the last 180 days.

+ 8 other (7 awards · 1 inkind) in window

See when $VATE insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KAcquisition completedSep 28-K — Item 1.01: Material agreement · Item 1.02: Agreement terminated · Item 2.01: Acquisition completed · Item 7.01: Press release / Reg FD
AI summary

INNOVATE Corp. completed two significant actions: (1) extended its MSD credit facility maturity to December 31, 2026 via a Tenth Amendment (short-term extension suggesting near-term refinancing need), and (2) completed the disposition of its Broadcasting segment (HC2 Broadcasting) through merger with CONX Broadcast Group on September 1, 2026, with HC2 converted to an LLC. Post-merger, CONX Broadcast controls 2 of 3 HC2 Board seats while INNOVATE retains one. This is a transformative divestiture that exits the Broadcasting segment while INNOVATE retains a minority economic interest; the near-term credit maturity adds financial pressure.

S-3/AShelf registrationAug 19S-3/A
AI summary

Innovative Industrial Properties (VATE) filed an S-3/A amendment to its existing shelf registration statement. The excerpt contains only boilerplate registration statement legal language with no details on the specific securities being registered or offering amounts. Routine shelf registration amendment; full details of securities and amounts require reading the complete filing.

SC 13DActivist position (5%+)Aug 14SC 13D
AI summary

Paul Voigt filed an initial Schedule 13D on INNOVATE Corp., reporting beneficial ownership of 1,031,295 shares (7.4%) of the 13.9 million diluted share count (including 300,000 options exercisable within 60 days). Shares were accumulated through executive compensation vesting (547,746 shares) and open-market purchases (174,742 shares), with a new 133,511-share grant on August 11, 2026 triggering the 5% threshold. Management-aligned insider crossing the reporting threshold signals governance alignment but not activist intent.

S-3Shelf registrationAug 10S-3
AI summary

Innovate Corp. (VATE) filed an S-3 shelf registration statement, establishing a framework to offer securities on a delayed or continuous basis under Rule 415. Interim CEO Paul K. Voigt is listed as the contact executive. The filing comes on the same day as the companys $31 million ATM launch and one day after announcing the $650 million sale of DBMG to IES Holdings. This shelf registration provides the post-DBMG Innovate Corp. with a standing authorization to access equity and debt markets efficiently as it pivots its capital allocation strategy following the divestiture.

424B5Prospectus supplement (offering)Aug 10424B5
AI summary

Innovate Corp. (VATE), a New York-based diversified holding company, filed a 424B5 prospectus supplement establishing an at-the-market equity program allowing it to sell up to $31 million in common stock through Jefferies LLC as sales agent. The ATM is structured under an Open Market Sale Agreement dated August 10, 2026, with Jefferies receiving a 3% commission on gross proceeds. The last reported sale price before filing was $12.11 per share on August 7, 2026. As a smaller reporting company simultaneously completing a major asset sale, this ATM provides financial flexibility while the DBMG divestiture transaction is pending.

8-KMaterial agreementAug 108-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD
AI summary

Innovate Corp. (VATE) entered a Transaction Agreement to sell approximately 91.21% of DBM Global (a steel fabrication and construction business) to IES Holdings for aggregate base consideration of $650 million, subject to customary adjustments. Seller consideration consists of approximately $140 million in IES stock (215,487 shares at a $649.69 reference price) with the remainder in cash; the deal structure reflects DBMGs scale relative to VATEs overall portfolio. The transaction requires regulatory clearance and is expected to close in Q4 2026. The sale of DBMG, VATEs largest operating subsidiary, is a transformative portfolio reshaping event that will significantly alter the companys asset base and financial profile.

8-KPress release / Reg FDAug 68-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

INNOVATE CORP. (VATE) reported Q2 2026 financial results on 2026-08-06, reporting financial results details in attached press release. Additional items: Item 7.01. Quarterly earnings are a material disclosure; investors should review the full press release for segment details and management commentary.

8-KMaterial agreementAug 38-K — Item 1.01: Material agreement
AI summary

INNOVATE CORP. (VATE) entered into a material agreement with a counterparty on 2026-08-03, involving $400.9 million. . This is a material definitive agreement (Item 1.01) requiring immediate disclosure under SEC rules. Investors should review the agreement terms for financial obligations, dilution, or strategic implications.

+ 13 other (3 proxys · 3 routine 8-Ks · 3 8-Ks · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Analyzing INNOVATE (NYSE:VATE) & Concrete Pumping (NASDAQ:BBCP)defenseworld.net·8d agoINNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONXglobenewswire.com·27d agoVATE Q2 Earnings Improve Y/Y as Infrastructure Revenues Surgezacks.com·42d agoMediBeacon® Transdermal GFR System Nominated for 2026 Prix Galien USA Best Medical Technologyglobenewswire.com·42d agoINNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdingsglobenewswire.com·50d ago

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Voices on X · last 7 days

No standout posts about $VATE on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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