Basic and Diluted Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Reconciliation of Net Loss to Net Loss used in the Basic and Diluted EPS Calculations

The following table presents a reconciliation of net loss to net loss used in the basic and diluted EPS calculations (in millions, except shares and per share amounts):


												Year Ended December 31,
																		2025						2024
Net loss																		$	(64.0)					$	(39.7)
Net loss attributable to non-controlling interests and redeemable non-controlling interests																		3.4						5.1
Net loss attributable to INNOVATE Corp.																		(60.6)						(34.6)
Less: Preferred stock dividends																		3.4						1.2




Net loss attributable to common stockholders and participating preferred stockholders																		$	(64.0)					$	(35.8)


Participating shares
Weighted-average common shares outstanding																		13,217,593						10,696,274

Series C Preferred stock																		—						947,307
Total																		13,217,593						11,643,581

Percentage of loss allocated to:
Common stock																		100.0		%				91.9		%

Series C Preferred stock																		—		%				8.1		%

Numerator for loss per share:


Net loss attributable to common stockholders, basic and diluted																		$	(64.0)					$	(32.9)
Net loss attributable to Series C holders, basic and diluted																		—						(2.9)






Denominator for loss per share:
Weighted-average common shares outstanding - basic and diluted																		13,217,593						10,696,274


Weighted-average Series C shares outstanding - basic and diluted																		—						947,307

Loss per share
Loss per common share - basic and diluted																		$	(4.84)					$	(3.08)

Loss per Series C share - basic and diluted																		$	—					$	(3.08)