v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
$ in Millions
Total
Total INNOVATE Stockholders' (Deficit) Equity
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Comprehensive (Loss) Income
Non-Controlling Interests
Beginning balance at Dec. 31, 2024 $ 15.6              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Dividends 1.8              
Net income (loss) (0.3)              
Ending balance at Jun. 30, 2025 17.1              
Beginning balance (in shares) at Dec. 31, 2024     13,261,400          
Beginning balance at Dec. 31, 2024 (159.3) $ (180.4) $ 0.0 $ 350.1 $ (5.4) $ (521.9) $ (3.2) [1] $ 21.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 1.5 1.5   1.5        
Shares withheld to satisfy tax withholdings (in shares)     (15,100)          
Shares withheld to satisfy tax withholdings (0.2) (0.2)     (0.2)      
Dividends (3.0) (2.5)   (2.5)       (0.5)
Issuance of common stock, net of forfeitures (in shares)     89,800          
Transactions with non-controlling interests and redeemable non-controlling interests 0.0 0.1   0.1       (0.1)
Net income (loss) (46.5) (44.3)       (44.3)   (2.2)
Other comprehensive (loss) income 1.1 1.0         1.0 [1] 0.1
Ending balance (in shares) at Jun. 30, 2025     13,336,100          
Ending balance at Jun. 30, 2025 (206.4) (224.8) $ 0.0 349.2 (5.6) (566.2) (2.2) [1] 18.4
Beginning balance at Mar. 31, 2025 15.4              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Dividends 1.8              
Net income (loss) (0.1)              
Ending balance at Jun. 30, 2025 17.1              
Beginning balance (in shares) at Mar. 31, 2025     13,283,200          
Beginning balance at Mar. 31, 2025 (184.3) (204.2) $ 0.0 350.7 (5.5) (546.4) (3.0) [1] 19.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 0.7 0.7   0.7        
Shares withheld to satisfy tax withholdings (0.1) (0.1)     (0.1)      
Dividends (2.7) (2.2)   (2.2)       (0.5)
Issuance of common stock, net of forfeitures (in shares)     52,900          
Net income (loss) (20.9) (19.8)       (19.8)   (1.1)
Other comprehensive (loss) income 0.9 0.8         0.8 [1] 0.1
Ending balance (in shares) at Jun. 30, 2025     13,336,100          
Ending balance at Jun. 30, 2025 (206.4) (224.8) $ 0.0 349.2 (5.6) (566.2) (2.2) [1] 18.4
Beginning balance at Dec. 31, 2025 10.9              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Dividends 0.4              
Transactions with non-controlling interests and redeemable non-controlling interests (2.5)              
Net income (loss) (0.2)              
Ending balance at Jun. 30, 2026 $ 8.6              
Beginning balance (in shares) at Dec. 31, 2025 13,655,062   13,655,100          
Beginning balance at Dec. 31, 2025 $ (226.2) (240.1) $ 0.0 350.1 (5.6) (582.5) (2.1) [2] 13.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 1.0 1.0   1.0        
Shares withheld to satisfy tax withholdings (in shares)     (13,200)          
Dividends (1.4) (0.7)   (0.7)       (0.7)
Transactions with non-controlling interests and redeemable non-controlling interests 2.3 2.5   2.5       (0.2)
Net income (loss) (4.5) (6.1)       (6.1)   1.6
Other comprehensive (loss) income $ 0.2 0.2         0.2 [2]  
Ending balance (in shares) at Jun. 30, 2026 13,641,866   13,641,900          
Ending balance at Jun. 30, 2026 $ (228.6) (243.2) $ 0.0 352.9 (5.6) (588.6) (1.9) [2] 14.6
Beginning balance at Mar. 31, 2026 10.8              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Dividends 0.2              
Transactions with non-controlling interests and redeemable non-controlling interests (2.5)              
Net income (loss) 0.1              
Ending balance at Jun. 30, 2026 8.6              
Beginning balance (in shares) at Mar. 31, 2026     13,641,900          
Beginning balance at Mar. 31, 2026 (243.0) (256.3) $ 0.0 350.4 (5.6) (599.3) (1.8) [2] 13.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 0.4 0.4   0.4        
Dividends (0.6) (0.3)   (0.3)       (0.3)
Transactions with non-controlling interests and redeemable non-controlling interests 2.4 2.4   2.4        
Net income (loss) 12.3 10.7       10.7   1.6
Other comprehensive (loss) income $ (0.1) (0.1)         (0.1) [2]  
Ending balance (in shares) at Jun. 30, 2026 13,641,866   13,641,900          
Ending balance at Jun. 30, 2026 $ (228.6) $ (243.2) $ 0.0 $ 352.9 $ (5.6) $ (588.6) $ (1.9) [2] $ 14.6
[1]
(a) Inclusive of other comprehensive income (loss), foreign currency cumulative translation adjustments totaled a loss of $3.4 million and $4.5 million as of June 30, 2025 and December 31, 2024, respectively
[2]
(a) Inclusive of other comprehensive income (loss), foreign currency cumulative translation adjustments totaled a loss of $3.1 million and $3.3 million as of June 30, 2026 and December 31, 2025, respectively.