Innovate annual free cash flow
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2025
Innovate Free Cash Flow (FCF) History (VATE)
Innovate reported $146.1M in free cash flow for fiscal 2025, an increase of $156.0M from the previous fiscal year, with a free cash flow margin of 11.73%.
View full Innovate company overviewInnovate free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $146.1M | $156.0M | — | +11.73% |
| 2024 | 2024-12-31 | −$9.9M | −$18.0M | — | −0.89% |
| 2023 | 2023-12-31 | $8.1M | $38.3M | — | +0.57% |
| 2022 | 2022-12-31 | −$30.2M | −$33.1M | — | −1.84% |
| 2021 | 2021-12-31 | $2.9M | −$20.4M | −87.55% | +0.24% |
| 2020 | 2020-12-31 | $23.3M | −$62.7M | −72.91% | +3.25% |
| 2019 | 2019-12-31 | $86.0M | −$215.7M | −71.49% | +11.38% |
| 2018 | 2018-12-31 | $301.7M | $327.0M | — | +17.01% |
| 2017 | 2017-12-31 | −$25.3M | −$75.4M | — | −1.71% |
| 2016 | 2016-12-31 | $50.1M | $99.3M | — | +3.54% |
| 2015 | 2015-12-31 | −$49.2M | −$49.2M | — | −4.39% |
| 2014 | 2014-12-31 | −$75,000 | $32.8M | — | −0.01% |
| 2013 | 2013-12-31 | −$32.9M | −$24.7M | — | −14.26% |
| 2012 | 2012-12-31 | −$8.2M | −$19.6M | — | −2.70% |
| 2011 | 2011-12-31 | $11.4M | $1.3M | +13.28% | +2.77% |
| 2010 | 2010-12-31 | $10.1M | — | — | +3.57% |
Innovate quarterly free cash flow
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Q2.25
Q3.25
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$24.7M | −$64.8M | — | −5.86% |
| Q1 2026 | 2026-03-31 | $45.3M | $64.1M | — | +12.42% |
| Q4 2025 | 2025-12-31 | $96.4M | $62.2M | +181.87% | +25.19% |
| Q3 2025 | 2025-09-30 | $19.0M | $50.5M | — | +5.47% |
| Q2 2025 | 2025-06-30 | $40.1M | $21.7M | +117.93% | +16.57% |
| Q1 2025 | 2025-03-31 | −$18.8M | $12.2M | — | −6.86% |
| Q4 2024 | 2024-12-31 | $34.2M | −$22.5M | −39.68% | +14.45% |
| Q3 2024 | 2024-09-30 | −$31.5M | −$51.9M | — | −13.01% |
| Q2 2024 | 2024-06-30 | $18.4M | $6.7M | +57.26% | +5.88% |
| Q1 2024 | 2024-03-31 | −$31.0M | $49.7M | — | −9.84% |
| Q4 2023 | 2023-12-31 | $56.7M | −$1.6M | −2.74% | +15.71% |
| Q3 2023 | 2023-09-30 | $20.4M | $57.4M | — | +5.44% |
| Q2 2023 | 2023-06-30 | $11.7M | −$4.8M | −29.09% | +3.17% |
| Q1 2023 | 2023-03-31 | −$80.7M | −$12.7M | — | −25.39% |
| Q4 2022 | 2022-12-31 | $58.3M | $25.8M | +79.38% | +14.24% |
| Q3 2022 | 2022-09-30 | −$37.0M | −$15.8M | — | −8.75% |
| Q2 2022 | 2022-06-30 | $16.5M | $19.2M | — | +4.21% |
| Q1 2022 | 2022-03-31 | −$68.0M | −$62.3M | — | −16.47% |
| Q4 2021 | 2021-12-31 | $32.5M | $7.5M | +30.00% | +8.23% |
| Q3 2021 | 2021-09-30 | −$21.2M | −$33.7M | — | −5.37% |
| Q2 2021 | 2021-06-30 | −$2.7M | −$53.2M | — | −1.11% |
| Q1 2021 | 2021-03-31 | −$5.7M | $8.4M | — | −3.32% |
| Q3 2020 | 2020-09-30 | $25.0M | −$6.7M | −21.14% | +14.66% |
| Q4 2019 | 2019-12-31 | $12.5M | −$184.8M | −93.66% | — |
| Q3 2019 | 2019-09-30 | $50.5M | −$115.3M | −69.54% | +12.70% |
| Q2 2019 | 2019-06-30 | −$14.1M | $38.9M | — | −3.21% |
| Q1 2019 | 2019-03-31 | $31.7M | $40.1M | — | +7.83% |
| Q4 2018 | 2018-12-31 | $197.3M | $234.5M | — | +43.00% |
| Q3 2018 | 2018-09-30 | $165.8M | $153.8M | +1277.42% | +37.28% |
| Q2 2018 | 2018-06-30 | −$53.0M | −$29.5M | — | −11.65% |
| Q1 2018 | 2018-03-31 | −$8.4M | −$31.8M | — | −2.02% |
| Q4 2017 | 2017-12-31 | −$37.2M | −$54.0M | — | −9.72% |
| Q3 2017 | 2017-09-30 | $12.0M | $14.1M | — | +3.26% |
| Q2 2017 | 2017-06-30 | −$23.5M | −$48.5M | — | −6.89% |
| Q1 2017 | 2017-03-31 | $23.4M | $13.1M | +126.54% | +5.98% |
| Q4 2016 | 2016-12-31 | $16.8M | $18.1M | — | +5.40% |
| Q3 2016 | 2016-09-30 | −$2.1M | −$15.0M | — | −0.50% |
| Q2 2016 | 2016-06-30 | $25.0M | $33.8M | — | +6.97% |
| Q1 2016 | 2016-03-31 | $10.3M | $62.4M | — | +3.11% |
| Q4 2015 | 2015-12-31 | −$1.3M | −$16.3M | — | −0.37% |
| Q3 2015 | 2015-09-30 | $12.9M | $33.1M | — | +4.65% |
| Q2 2015 | 2015-06-30 | −$8.7M | −$15.1M | — | −3.10% |
| Q1 2015 | 2015-03-31 | −$52.1M | −$50.9M | — | −25.81% |
| Q4 2014 | 2014-12-31 | $14.9M | $21.1M | — | +6.66% |
| Q3 2014 | 2014-09-30 | −$20.2M | −$12.4M | — | −11.03% |
| Q2 2014 | 2014-06-30 | $6.4M | $17.4M | — | +6.62% |
| Q1 2014 | 2014-03-31 | −$1.2M | $6.7M | — | −2.74% |
| Q4 2013 | 2013-12-31 | −$6.2M | $712,000 | — | −11.85% |
| Q3 2013 | 2013-09-30 | −$7.8M | −$9.1M | — | −12.77% |
| Q2 2013 | 2013-06-30 | −$11.0M | $1.5M | — | −18.77% |
| Q1 2013 | 2013-03-31 | −$7.9M | −$17.8M | — | −13.44% |
| Q4 2012 | 2012-12-31 | −$6.9M | −$15.1M | — | −6.53% |
| Q3 2012 | 2012-09-30 | $1.3M | −$830,000 | −39.58% | +1.98% |
| Q2 2012 | 2012-06-30 | −$12.5M | −$4.0M | — | −19.06% |
| Q1 2012 | 2012-03-31 | $9.9M | $330,000 | +3.44% | +14.58% |
| Q4 2011 | 2011-12-31 | $8.2M | −$6.3M | −43.34% | +17.91% |
| Q3 2011 | 2011-09-30 | $2.1M | — | — | +2.82% |
| Q2 2011 | 2011-06-30 | −$8.5M | — | — | −11.30% |
| Q1 2011 | 2011-03-31 | $9.6M | — | — | +4.42% |
| Q3 2010 | 2010-09-30 | $14.5M | — | — | +7.68% |
Innovate free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $23.3M to $146.1M, a compound annual growth rate of 44.36%. Innovate's latest reported quarter, Q2 2026, generated −$24.7M in free cash flow, a decrease of $64.8M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Innovate filings at SEC.gov ↗