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INNOVATE reports 12.5% revenue growth in 2025 but posts $64M net loss, driven by strong infrastructure backlog and life sciences progress.

Company Fundamentals
26 Mar 2026
GlobeNewsWire
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Bullish
pluang ai news

INNOVATE Corp. announced a 12.5% revenue increase to $1.25 billion in 2025, led by its Infrastructure segment's strong project backlog now at $1.8 billion. Despite this growth, the company reported a net loss of $64 million for the year, mainly due to higher interest expenses and losses in Life Sciences and Spectrum segments. Key highlights include FDA approval for MediBeacon's new system and a major 600-system commitment in China for R2. The company expects improved performance in 2026, especially in Spectrum, supported by favorable FCC rulings and new network launches.

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