INNOVATE Corp. Announces First Quarter 2026 Results

- Infrastructure: Strong first quarter results with revenue of  $357.9 million - Life Sciences: MediBeacon receives the CE mark for the Transdermal GFR Monitor and Reusable Sensor - Spectrum: More than 60 new license applications filed to expand national footprint and increase population coverage NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE) announced today its consolidated results for the first quarter. Financial Summary (in millions, except per share amounts) Three Months Ended March 31,   2026   2025   Increase / (Decrease) Revenue $ 364.8     $ 274.2     33.0 % Net loss attributable to common stockholders and participating preferred stockholders $ (17.2 )   $ (24.8 )   30.6 % Basic and Diluted loss per share attributable to common stockholders $ (1.29 )   $ (1.89 )   31.7 % Total Adjusted EBITDA(1) $ 19.7     $ 7.2     173.6 % (1) Reconciliation of GAAP to Non-GAAP measures follows   Commentary "INNOVATE delivered a strong start to the year, with solid execution and improving visibility across the portfolio,” said Avie Glazer, Chairman of INNOVATE.