Innovate Corp. (formerly known as HC2 Holdings, Inc. and Primus Telecommunications Group, Inc.) is an American public financial services company founded in 1994.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| VATE | INNOVATE Corp. | 2025-10-28 15:20:00 | 5.23 | 0 | 0 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VATE | 0001006837 | INNOVATE Corp. | US45784J3032 | — | 541708481 | NYSE | 3440 | Fabricated Structural Metal Products | 1231 | DE | 295 MADISON AVENUE | NEW YORK | NY | 10017 | UNITED STATES | US | 19546631147 | 295 MADISON AVENUE, NEW YORK, NY, 10017 | 295 MADISON AVENUE, NEW YORK, NY, 10017 | HC2 Holdings, Inc. | Financial services | 1994 | Wayne Barr, Jr. | — | http://www.innovatecorp.com/ | 32,300,000 | 13,499,991 | 13,336,149 | Innovate Corp. (formerly known as HC2 Holdings, Inc. and Primus Telecommunications Group, Inc.) is an American public financial services company founded in 1994. | 2025-10-23 16:22:05 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 32,300,000 | -54,000,000 | -62.5724 | 13,283,218 | -65,951,773 | -83.2357 |
| 2023 | 86,300,000 | 1,400,000 | 1.649 | 79,234,991 | 447,223 | 0.5676 |
| 2022 | 84,900,000 | -108,800,000 | -56.1693 | 78,787,768 | 951,020 | 1.2218 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Michael J. Sena | Chief Financial Officer | 2024 | 581,900 | 0 | 220,003 | 198,333 | 6,000 | 1,006,236 |
| Paul K. Voigt | Chief Executive Officer | 2024 | 500,000 | 0 | 1,500,000 | 0 | 6,000 | 2,747,808 |
| Wayne Barr | Chief Executive Officer, President | 2023 | 373,894 | 0 | 260,000 | 0 | 75,413 | 709,307 |
| Michael J. Sena | Chief Financial Officer | 2023 | 581,900 | 0 | 256,668 | 440,000 | 56,000 | 1,334,568 |
| Paul K. Voigt | Chief Executive Officer | 2023 | 209,615 | 0 | 0 | 0 | 0 | 209,615 |
| Fiscal Year | Employee Count |
|---|---|
| 2024 | 3,135 |
| 2023 | 3,946 |
| 2022 | 3,565 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1,107,100,000 | 1,423,000,000 | 1,637,300,000 |
| Cost Of Revenue | 898,300,000 | 1,207,000,000 | 1,415,900,000 |
| Gross Profit | 208,800,000 | 216,000,000 | 221,400,000 |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 160,200,000 | 168,000,000 | 180,100,000 |
| Operating Expenses | — | — | — |
| Operating Income | 40,000,000 | 26,500,000 | 13,400,000 |
| Net Income | -34,600,000 | -35,200,000 | -35,900,000 |
| Earnings Per Share Basic | -3.08 | -0.48 | -0.53 |
| Earnings Per Share Diluted | -3.08 | -0.48 | -0.53 |
| Weighted Average Shares Outstanding Basic | 10,696,274 | 78,100,000 | 77,500,000 |
| Weighted Average Shares Outstanding Diluted | 10,696,274 | 78,100,000 | 77,500,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 48,800,000 | 80,800,000 | 80,400,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 100,000 | 0 | 254,900,000 |
| Inventories | 20,800,000 | 22,400,000 | 18,900,000 |
| Non Trade Receivables | 5,800,000 | 5,200,000 | 4,500,000 |
| Other Assets Current | 21,000,000 | 14,600,000 | 16,800,000 |
| Total Assets Current | 390,900,000 | 517,900,000 | 536,400,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | — | — | — |
| Other Assets Non Current | 62,300,000 | 61,300,000 | 71,900,000 |
| Total Assets Non Current | 500,200,000 | 525,700,000 | 615,300,000 |
| Total Assets | 891,100,000 | 1,043,600,000 | 1,151,700,000 |
| Accounts Payable | — | — | — |
| Deferred Revenue | 109,100,000 | 153,500,000 | 98,600,000 |
| Short Term Debt | 162,200,000 | 30,500,000 | 30,600,000 |
| Other Liabilities Current | 17,200,000 | 16,100,000 | 20,100,000 |
| Total Liabilities Current | 483,000,000 | 413,800,000 | 417,200,000 |
| Long Term Debt | 500,600,000 | 679,300,000 | 683,800,000 |
| Other Liabilities Non Current | 46,800,000 | 82,700,000 | 71,200,000 |
| Total Liabilities Non Current | 551,800,000 | 766,100,000 | 764,100,000 |
| Total Liabilities | 1,034,800,000 | 1,179,900,000 | 1,181,300,000 |
| Common Stock | 0 | 100,000 | 100,000 |
| Retained Earnings | -521,900,000 | -487,300,000 | -452,100,000 |
| Accumulated Other Comprehensive Income | -3,200,000 | -1,100,000 | 5,900,000 |
| Total Shareholders Equity | -180,400,000 | -165,500,000 | -121,300,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 17,600,000 | 20,200,000 | 27,200,000 |
| Share Based Compensation Expense | 3,400,000 | 2,200,000 | 2,400,000 |
| Other Non Cash Income Expense | 2,000,000 | -2,100,000 | 0 |
| Change In Accounts Receivable | -91,800,000 | 25,700,000 | 5,500,000 |
| Change In Inventories | -1,900,000 | 3,500,000 | 1,900,000 |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | -57,200,000 | -60,200,000 | 21,700,000 |
| Change In Other Liabilities | 12,200,000 | 9,900,000 | -12,700,000 |
| Cash From Operating Activities | 9,100,000 | 26,500,000 | -9,500,000 |
| Purchases Of Marketable Securities | 2,000,000 | — | — |
| Sales Of Marketable Securities | — | 59,200,000 | — |
| Acquisition Of Property Plant And Equipment | 19,000,000 | 18,400,000 | 20,700,000 |
| Acquisition Of Business | — | — | — |
| Other Investing Activities | -500,000 | -700,000 | -700,000 |
| Cash From Investing Activities | -13,900,000 | 39,100,000 | -22,500,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | 1,200,000 | 2,200,000 | 5,200,000 |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | — | — | — |
| Issuance Of Long Term Debt | — | 4,900,000 | 10,700,000 |
| Repayment Of Long Term Debt | 125,000,000 | 37,100,000 | 28,300,000 |
| Other Financing Activities | 0 | -300,000 | -700,000 |
| Cash From Financing Activities | -26,500,000 | -65,300,000 | 68,100,000 |
| Change In Cash | -33,000,000 | 100,000 | 34,700,000 |
| Cash At End Of Period | 48,800,000 | 80,800,000 | 80,400,000 |
| Income Taxes Paid | 3,500,000 | 6,700,000 | 5,900,000 |
| Interest Paid | 48,600,000 | 49,000,000 | 42,500,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | -3.08 | -0.48 | -0.53 |
| Price To Earnings Ratio | -1.6039 | -25.625 | -35.283 |
| Earnings Growth Rate | 541.6667 | -9.434 | -82.2148 |
| Price Earnings To Growth Ratio | -0.003 | 2.7163 | 0.4292 |
| Book Value Per Share | -13.4346 | -1.7452 | -0.3819 |
| Price To Book Ratio | -0.3677 | -7.0479 | -48.9611 |
| Ebitda | 61,000,000 | 59,900,000 | 49,200,000 |
| Enterprise Value | 666,839,593.56 | 1,589,630,000 | 2,083,250,000 |
| Dividend Yield | 0.0227 | 0.0023 | 0.0036 |
| Dividend Payout Ratio | -0.0347 | -0.0625 | -0.1448 |
| Debt To Equity Ratio | -3.6741 | -4.2888 | -5.8895 |
| Capital Expenditures | — | — | — |
| Free Cash Flow | — | — | — |
| Return On Equity | 0.1918 | 0.2127 | 0.296 |
| One Year Beta | 0.9001 | 1.756 | 1.0901 |
| Three Year Beta | 1.1711 | 1.2352 | 1.2559 |
| Five Year Beta | 1.2636 | 1.2572 | 1.1367 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Voigt Paul | Interim CEO | 2025-09-15 | 100,000 | A | 100,000 |
| Voigt Paul | Interim CEO | 2025-08-06 | 176,056 | A | 625,890 |
| Goldstein Brian Steven | Director | 2025-06-12 | 16,363 | A | 48,983 |
| GLAZER AVRAM A | Director, 10% owner | 2025-06-12 | 16,363 | A | 53,984 |
| GFELLER WARREN H | Director | 2025-06-12 | 16,363 | A | 67,703 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Darwin Wealth Management, LLC | 2025-09-30 | 9 | 2 | 4.5 |
| CWM, LLC | 2025-09-30 | 4,000 | 920 | 4.3478 |
| ARS Investment Partners, LLC | 2025-09-30 | 225,752 | 46,166 | 4.89 |
| OSAIC HOLDINGS, INC. | 2025-06-30 | 772 | 150 | 5.1467 |
| MORGAN STANLEY | 2025-06-30 | 158,182 | 30,715 | 5.15 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| FIDELITY CONCORD STREET TRUST | 2025-08-31 | Fidelity Series Total Market Index Fund | FCFMX | 17,458 | 94,447.78 | 0.0001 |
| FIDELITY CONCORD STREET TRUST | 2025-08-31 | Fidelity Total Market Index Fund | FSKAX | 23,517 | 127,226.97 | 0.0001 |
| FIDELITY CONCORD STREET TRUST | 2025-08-31 | Fidelity Extended Market Index Fund | FSMAX | 67,354 | 364,385.14 | 0.0009 |
| DFA INVESTMENT DIMENSIONS GROUP INC | 2025-07-31 | U.S. MICRO CAP PORTFOLIO - INSTITUTIONAL CLASS | DFSCX | 1,994 | 11,286.04 | 0.0002 |
| Dimensional ETF Trust | 2025-07-31 | Dimensional U.S. Core Equity 2 ETF | DFAC | 3,361 | 19,023.26 | 0.0001 |