v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
$ in Millions
Total
Temporary Equity
Total INNOVATE Stockholders' (Deficit) Equity
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Comprehensive Income (Loss)
 [1]
Non-Controlling Interests
Beginning balance at Dec. 31, 2023   $ 15.4              
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Preferred stock dividends $ (1.2) (0.3) $ (1.2)   $ (1.2)        
Issuance of preferred stock in private placement   31.3              
Series C Preferred Share Conversion 31.3 (31.3) 31.3   31.3        
Effect of Series D investment in R2 Technologies (1.1) 1.1 (13.2)   (13.2)       $ 12.1
Net loss   (0.6)              
Ending balance at Dec. 31, 2024 15.6 15.6              
Beginning balance (in shares) at Dec. 31, 2023       7,923,500          
Beginning balance at Dec. 31, 2023 (151.7)   (165.5) $ 0.0 328.3 $ (5.4) $ (487.3) $ (1.1) 13.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 3.4   3.4   3.4        
Dividends (1.2) (0.3) (1.2)   (1.2)        
Issuance of common stock, net of forfeitures (in shares)       224,800          
Rights offering, net of transaction costs (in shares)       530,600          
Rights offering, net of transaction costs 1.9   1.9   1.9        
Series C Preferred Share Conversion (in shares)       4,469,400          
Series C Preferred Share Conversion 31.3 (31.3) 31.3   31.3        
Reverse stock split (in shares)       113,100          
Effect of Series D investment in R2 Technologies (1.1) 1.1 (13.2)   (13.2)       12.1
Distributions to non-controlling interests (0.3)               (0.3)
Transactions with non-controlling interests (0.2)   (0.4)   (0.4)       0.2
Net loss (39.1)   (34.6)       (34.6)   (4.5)
Other comprehensive loss (income) $ (2.3)   (2.1)         (2.1) (0.2)
Ending balance (in shares) at Dec. 31, 2024 13,261,379     13,261,400          
Ending balance at Dec. 31, 2024 $ (159.3)   (180.4) $ 0.0 350.1 (5.4) (521.9) (3.2) 21.1
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Preferred stock dividends (5.0) 2.2 (3.4)   (3.4)       (1.6)
Exchange of preferred stock for debt   (9.1)              
Net loss   (0.7)              
Transactions with non-controlling interests and redeemable non-controlling interests   2.9              
Ending balance at Dec. 31, 2025 10.9 10.9              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 2.7   2.7   2.7        
Shares withheld to satisfy tax withholdings (in shares)       (15,100)          
Shares withheld to satisfy tax withholdings (0.2)   (0.2)     (0.2)      
Dividends (5.0) $ 2.2 (3.4)   (3.4)       (1.6)
Issuance of common stock, net of forfeitures (in shares)       408,800          
Transactions with non-controlling interests (2.8)   0.2   0.2       (3.0)
Other 0.5   0.5   0.5        
Net loss (63.3)   (60.6)       (60.6)   (2.7)
Other comprehensive loss (income) $ 1.2   1.1         1.1 0.1
Ending balance (in shares) at Dec. 31, 2025 13,655,062     13,655,100          
Ending balance at Dec. 31, 2025 $ (226.2)   $ (240.1) $ 0.0 $ 350.1 $ (5.6) $ (582.5) $ (2.1) $ 13.9
[1] Inclusive of other comprehensive income (loss), foreign currency cumulative translation adjustments totaled a loss of $3.3 million and $4.5 million as of December 31, 2025 and 2024, respectively.