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Basic and Diluted Loss Per Common Share (Tables) | 3 Months Ended
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Mar. 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):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Net loss |  |  |  |  |  | $ | (25.8) |  |  | $ | (20.1) |
Net loss attributable to non-controlling interest and redeemable non-controlling interest |  |  |  |  |  | 1.3 |  |  | 2.7 |
Net loss attributable to INNOVATE Corp. |  |  |  |  |  | (24.5) |  |  | (17.4) |
Less: Preferred dividends |  |  |  |  |  | 0.3 |  |  | 0.3 |
Net loss attributable to common stockholders and participating preferred stockholders |  |  |  |  |  | $ | (24.8) |  |  | $ | (17.7) |
Participating shares |  |  |  |  |  |  |  |
Weighted-average common shares outstanding (1) |  |  |  |  |  | 13,114,804 |  |  | 7,865,361 |
Series C Preferred stock (1) |  |  |  |  |  | — |  |  | 156,986 |
Total |  |  |  |  |  | 13,114,804 |  |  | 8,022,347 |
Percentage of loss allocated to: |  |  |  |  |  |  |  |
Common stock |  |  |  |  |  | 100.0 | % |  | 98.0 | %
Series C Preferred stock |  |  |  |  |  | — | % |  | 2.0 | %
Numerator for loss per share: |  |  |  |  |  |  |  |
Net loss attributable to common stock holders, basic and diluted |  |  |  |  |  | $ | (24.8) |  |  | $ | (17.3) |
Net loss attributable to Series C holder, basic and diluted |  |  |  |  |  | — |  |  | (0.4) |
Denominator for loss per share: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic and diluted (1) |  |  |  |  |  | 13,114,804 |  |  | 7,865,361 |
Weighted-average Series C shares outstanding - basic and diluted (1) |  |  |  |  |  | — |  |  | 156,986 |
Loss per share |  |  |  |  |  |  |  |
Loss per common share - basic and diluted (1) |  |  |  |  |  | $ | (1.89) |  |  | $ | (2.21) |
Loss per Series C share - basic and diluted (1) |  |  |  |  |  | $ | (1.89) |  |  | $ | (2.21) |
(1) Basic and diluted loss per common share and weighted-average common shares outstanding for the three months ended March 31, 2024, in the table above have been retroactively adjusted to reflect the 1-for-10 reverse stock split effected on August 8, 2024.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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