---
schema_version: "secwatch.filing_event.v1"
accession: "0001006837-23-000016"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T02:44:21.317015+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# INNOVATE Corp. reports 36% revenue growth and 55% Adjusted EBITDA increase for FY 2022

## Summary
- Full-year revenue $1.64B (+36% YoY); Q4 revenue $409.3M (+3.7% YoY).
- Net loss attributable to common stockholders narrowed to $40.8M ($0.53/share) from $229.7M ($2.98/share) in FY 2021.
- Total Adjusted EBITDA FY 2022 $68.1M (+55% YoY); Q4 $28.1M (+27% YoY).
- Infrastructure (DBM Global) revenue $1.59B (+37% YoY); backlog $1.8B at year-end.
- Regained NYSE continued listing compliance as of Jan 3, 2023 after prior deficiency notice.

## SEC filing metadata
- accession: 0001006837-23-000016
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000016/0001006837-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000016/hchc-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001006837-23-000016
- JSON: https://secwatch.observer/filing/0001006837-23-000016.json
- Plain text: https://secwatch.observer/filing/0001006837-23-000016.txt

## Key facts
- Earnings Releases
  INNOVATE Corp. reported Years Ended December 31, 2022 results: revenue $ 1,637.3, net income $ (40.8), EPS $ (0.53).
  - Period: Years Ended December 31, 2022
  - Revenue: $ 1,637.3
  - Net income: $ (40.8)
  - EPS: $ (0.53)
  - Result: reported results
  source text: Revenue $ 409.3 $ 394.8 3.7 % $ 1,637.3 $ 1,205.2 35.9 % Net loss attributable to common stockholders $ (7.0) $ (5.2) (34.6) % $ (40.8) $ (229.7) 82.2 % Diluted loss per share - Net loss attributable to common stockholders $ (0.09) $ (0.07) (28.6) % $ (0.53) $ (2.98) 82.2 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000016/0001006837-23-000016-index.htm
- Earnings Releases
  INNOVATE Corp. reported Three Months Ended December 31, 2022 results: revenue $ 409.3, net income $ (7.0), EPS $ (0.09).
  - Period: Three Months Ended December 31, 2022
  - Revenue: $ 409.3
  - Net income: $ (7.0)
  - EPS: $ (0.09)
  - Result: reported results
  source text: Revenue $ 409.3 $ 394.8 3.7 % $ 1,637.3 $ 1,205.2 35.9 % Net loss attributable to common stockholders $ (7.0) $ (5.2) (34.6) % $ (40.8) $ (229.7) 82.2 % Diluted loss per share - Net loss attributable to common stockholders $ (0.09) $ (0.07) (28.6) % $ (0.53) $ (2.98) 82.2 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000016/0001006837-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.