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Innovate (VATE) free cash flow by quarter

Innovate's free cash flow was $45.3M in Q1 2026 (first quarter 2026), +138% from Q3 2025. Over the last 4 quarters it ranged from $19.0M (Q3 2025) to $45.3M (Q1 2026).

Innovate free cash flow by quarterInnovate free cash flow by quarter$34.2MQ4 2024$40.1MQ2 2025$19.0MQ3 2025$45.3MQ1 2026
QuarterFree cash flowQ/QY/Y
Q1 2026$45.3M+138%—
Q3 2025$19.0M-53%—
Q2 2025$40.1M+17%—
Q4 2024$34.2M——

Q1 2026 at a glance

Innovate, Q1 2026: revenue $365M (+33% year over year), operating margin 2.7%, net loss $17.1M, operating cash flow $45.5M. The chart follows the revenue to costs, profit and cash.

Questions

What is Innovate's free cash flow?

Innovate's free cash flow was $45.3M in Q1 2026 (first quarter 2026), +138% from Q3 2025.

How has Innovate's free cash flow changed?

Over the last 4 quarters it ranged from $19.0M (Q3 2025) to $45.3M (Q1 2026).

Q1 2026 results → · How Innovate makes money →