INNOVATE Corp. Reports Q4 2025 Earnings: $382.7M Revenue, $24.5M Adjusted EBITDA, and $1.2B Full-Year Revenue.

INNOVATE Corp. reported Q4 2025 revenues of $382.7 million and adjusted EBITDA of $24.5 million, with full-year revenues of $1.2 billion and adjusted EBITDA of $67.2 million. Interim CEO Paul Voigt highlighted $1.8 billion adjusted backlog growth and regulatory milestones in the company's restructuring efforts.