VATENYSEFabricated Structural Metal Products

Innovate Corp. (VATE) earnings date, market-implied expected move, and options open interest by expiry

5.50

Closed16:00 ET

Open5.56Volume132,471Mkt cap$75.2MEPS-1.79

Day5.50 – 5.691%52-wk3.75 – 21.3010%

VATE

Innovate Corp.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Nov 11

after close · in 11 days

est.Q3 FY26

Calendar

Next report

Last report

+63.43%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+18.48%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

49 managers

Top fund weight

0.00%

VATE weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Innovate (VATE) is expected to report on Nov 11 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed—▲+63.43%—

quarterimplied−65%0+65%realized×

Q2 FY26—▲+63.43%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 1 expiry · Jun 5 close

—OI · 1 expiry · Jun 5 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

0—Dec 1848d0—

ExpiryPutsCallsP/C

Dec 1848d0—0——

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ2 FY26

2.94%as filednet margin · revenue +15.57% QoQ · +74.21% YoY

Revenue

$422M+15.57% QoQ

Gross profit

$80M+48.60% QoQ

18.86% margin

Operating income

$35M+245.00% QoQ

8.18% margin

Pre-tax income

$26M+279.58% QoQ

Net income

$12M+172.51% QoQ

2.94% margin

Cost of revenue

$342M+9.89% QoQ

Operating expenses

$45M+3.45% QoQ

SG&A $42M

Depreciation $4M

Other expense

$9M

Tax

$13M+351.72% QoQ

Revenue$422M+15.57%

Gross profit

$80M+48.60%

18.86% margin

Operating income

$35M+245.00%

8.18% margin

Pre-tax income

$26M+279.58%

Net income

$12M+172.51%

2.94% margin

Cost of revenue

$342M+9.89%

Operating expenses

$45M+3.45%

SG&A $42M

Depreciation $4M

Other expense

$9M

Tax$13M+351.72%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×2.41· ±10.5% vs ±4.4% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±10.5%4 of 10×2.41

FOMCrate decision±4.1%10 of 24×0.94

PPIproducer prices±3.7%6 of 11×0.86

CPIconsumer prices±3.3%5 of 11×0.76

CPROFcorporate profits±3.0%4 of 12×0.69

GDPgross domestic product±2.9%5 of 19×0.66

PCEpersonal income & outlays±2.7%7 of 19×0.62

Bar = avg |move| to ±11% · tick = ±4.4% avg day · ×base = |move| ÷ ±4.4% · min 6 releases

Earnings history

EPS 0.71 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.71	—
Q1 FY26	—	-1.29	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod