XML 55 R44.htm IDEA: XBRL DOCUMENT
v3.25.3

Basic and Diluted Loss Per Common Share (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Net loss |  | $ | (9.6) |  |  | $ | (16.2) |  |  | $ | (56.4) |  |  | $ | (22.4) |
Net loss attributable to non-controlling interest and redeemable non-controlling interest |  | 0.7 |  |  | 1.2 |  |  | 3.2 |  |  | 4.4 |
Net loss attributable to INNOVATE Corp. |  | (8.9) |  |  | (15.0) |  |  | (53.2) |  |  | (18.0) |
Less: Preferred dividends |  | 0.5 |  |  | 0.3 |  |  | 3.0 |  |  | 0.9 |
Net loss attributable to common stockholders and participating preferred stockholders |  | $ | (9.4) |  |  | $ | (15.3) |  |  | $ | (56.2) |  |  | $ | (18.9) |
Participating shares |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  | 13,264,799 |  |  | 12,966,322 |  |  | 13,176,043 |  |  | 9,928,679 |
Unvested restricted stock |  | — |  |  | — |  |  | — |  |  | — |
Series C Preferred stock |  | — |  |  | — |  |  | — |  |  | 1,265,381 |
Total |  | 13,264,799 |  |  | 12,966,322 |  |  | 13,176,043 |  |  | 11,194,060 |
Percentage of loss allocated to: |  |  |  |  |  |  |  |
Common stock |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 88.7 | %
Unvested restricted stock |  | — | % |  | — | % |  | — | % |  | — | %
Series C Preferred stock |  | — | % |  | — | % |  | — | % |  | 11.3 | %
Numerator for loss per share: |  |  |  |  |  |  |  |
Net loss attributable to common stockholders, basic and diluted |  | $ | (9.4) |  |  | $ | (15.3) |  |  | $ | (56.2) |  |  | $ | (16.8) |
Net loss attributable to Series C holders, basic and diluted |  | — |  |  | — |  |  | — |  |  | (2.1) |
Denominator for loss per share: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic and diluted |  | 13,264,799 |  |  | 12,966,322 |  |  | 13,176,043 |  |  | 9,928,679 |
Weighted-average Series C shares outstanding - basic and diluted |  | — |  |  | — |  |  | — |  |  | 1,265,381 |
Loss per share |  |  |  |  |  |  |  |
Loss per common share - basic and diluted |  | $ | (0.71) |  |  | $ | (1.18) |  |  | $ | (4.27) |  |  | $ | (1.69) |
Loss per Series C share - basic and diluted |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1.69) |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration