INNOVATE Q2 revenue falls 23% to $242M; net loss of $22M vs prior-year profit of $14.1M

INNOVATE Corp.

2025-Q2 EPS reported -$3.56 revenue$516,200,000

Revenue $242M, down 22.7% YoY; net loss of $22M vs net income $14.1M in Q2 2024.
Diluted EPS -$1.67 vs +$1.03 (reverse split adjusted); Total Adj. EBITDA down 41.2% to $15.7M.
Infrastructure revenue $233.1M (-23.6%), backlog $1.3B; Life Sciences R2 unit sales up 124.5% YoY.
Completed refinancing on Aug 4 extending debt maturities; launched fourth ATSC 3.0 station.

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