INNOVATE Corp. (NYSE: VATE) announced its consolidated financial results for the fourth quarter and full year ended December 31, 2025. The company reported a significant revenue increase of 61.7% for the fourth quarter, totaling $382.7 million, compared to $236.6 million in the same quarter of the previous year. This growth was primarily driven by the Infrastructure segment, which saw a revenue increase of 65.7% to $373.9 million. The company also reported a net loss attributable to common stockholders of $7.8 million, or $0.58 per share, a notable improvement from a net loss of $16.9 million, or $1.29 per share, in the prior year quarter. Adjusted EBITDA for the fourth quarter was $24.5 million, up from $15.0 million in the previous year, reflecting strong operational execution and growth in key segments. The Infrastructure segment, led by DBM Global, continues to gain momentum, with a backlog totaling $1.8 billion as of December 31, 2025. The Life Sciences segment reported a revenue increase for the full year, driven by a significant commitment in China. Despite challenges in the advertising market affecting the Spectrum segment, the company remains optimistic about future growth opportunities. INNOVATE will host a conference call today at 4:30 p.m. ET to discuss these results and provide further insights into its strategic outlook for 2026.

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