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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
$ in Millions
Total
Preferred Stock and Redeemable Non-Controlling Interest
Total INNOVATE Stockholders' (Deficit) Equity
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Comprehensive Income (Loss)
Non-Controlling Interest
Beginning balance at Dec. 31, 2023   $ 15.4              
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Dividends $ (0.9) (0.3) $ (0.9)   $ (0.9)        
Issuance of preferred stock in private placement   31.3              
Series C Preferred Share Conversion 31.3 (31.3) 31.3   31.3        
Purchase of Preferred Shares by Subsidiary (1.1) 1.1 (13.2)   (13.2)       $ 12.1
Transactions with non-controlling interests (0.1) 0.1 (0.1)   (0.1)        
Net loss   (0.5)              
Ending balance at Sep. 30, 2024   15.8              
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) [1] 13.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 1.1   1.1   1.1        
Dividends (0.9) (0.3) (0.9)   (0.9)        
Issuance of common stock, net of forfeitures (in shares)       129,500          
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
Transactions with non-controlling interests (0.1) 0.1 (0.1)   (0.1)        
Net loss (21.9)   (18.0)       (18.0)   (3.9)
Other comprehensive income (loss) 0.3   0.3         0.3 [1]  
Ending balance (in shares) at Sep. 30, 2024       13,166,100          
Ending balance at Sep. 30, 2024 (141.1)   (163.1) $ 0.0 348.4 (5.4) (505.3) (0.8) [1] 22.0
Beginning balance at Dec. 31, 2023   15.4              
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) [1] 13.8
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) [2] 21.1
Beginning balance at Jun. 30, 2024   15.9              
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Dividends (0.3)   (0.3)   (0.3)        
Transactions with non-controlling interests 0.1               0.1
Net loss   (0.1)              
Ending balance at Sep. 30, 2024   15.8              
Beginning balance (in shares) at Jun. 30, 2024       13,053,000          
Beginning balance at Jun. 30, 2024 (126.1)   (149.0) $ 0.0 348.4 (5.4) (490.3) (1.7) [1] 22.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 0.3   0.3   0.3        
Dividends (0.3)   (0.3)   (0.3)        
Reverse stock split (in shares)       113,100          
Transactions with non-controlling interests 0.1               0.1
Net loss (16.1)   (15.0)       (15.0)   (1.1)
Other comprehensive income (loss) 1.0   0.9         0.9 [1] 0.1
Ending balance (in shares) at Sep. 30, 2024       13,166,100          
Ending balance at Sep. 30, 2024 (141.1)   (163.1) $ 0.0 348.4 (5.4) (505.3) (0.8) [1] 22.0
Beginning balance at Dec. 31, 2024 15.6 15.6              
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Dividends (4.0) 2.1 (3.0)   (3.0)       (1.0)
Exchange of preferred stock for debt   (9.1)              
Net loss   (0.4)              
Ending balance at Sep. 30, 2025 $ 8.2 8.2              
Beginning balance (in shares) at Dec. 31, 2024 13,261,379     13,261,400          
Beginning balance at Dec. 31, 2024 $ (159.3)   (180.4) $ 0.0 350.1 (5.4) (521.9) (3.2) [2] 21.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 2.2   2.2   2.2        
Shares withheld to satisfy tax withholdings (in shares)       (15,100)          
Shares withheld to satisfy tax withholdings (0.2)   (0.2)     (0.2)      
Dividends (4.0) 2.1 (3.0)   (3.0)       (1.0)
Issuance of common stock, net of forfeitures (in shares)       408,800          
Other 0.5   0.5   0.5        
Net loss (56.0)   (53.2)       (53.2)   (2.8)
Other comprehensive income (loss) $ 0.9   0.8         0.8 [2] 0.1
Ending balance (in shares) at Sep. 30, 2025 13,655,062     13,655,100          
Ending balance at Sep. 30, 2025 $ (215.9)   (233.3) $ 0.0 349.8 (5.6) (575.1) (2.4) [2] 17.4
Beginning balance at Jun. 30, 2025   17.1              
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Dividends (1.0) 0.3 (0.5)   (0.5)       (0.5)
Exchange of preferred stock for debt   (9.1)              
Transactions with non-controlling interests 0.0   (0.1)   (0.1)       0.1
Net loss   (0.1)              
Ending balance at Sep. 30, 2025 8.2 8.2              
Beginning balance (in shares) at Jun. 30, 2025       13,336,100          
Beginning balance at Jun. 30, 2025 (206.4)   (224.8) $ 0.0 349.2 (5.6) (566.2) (2.2) [2] 18.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 0.7   0.7   0.7        
Dividends (1.0) $ 0.3 (0.5)   (0.5)       (0.5)
Issuance of common stock, net of forfeitures (in shares)       319,000.0          
Transactions with non-controlling interests 0.0   (0.1)   (0.1)       0.1
Other 0.5   0.5   0.5        
Net loss (9.5)   (8.9)       (8.9)   (0.6)
Other comprehensive income (loss) $ (0.2)   (0.2)         (0.2) [2] 0.0
Ending balance (in shares) at Sep. 30, 2025 13,655,062     13,655,100          
Ending balance at Sep. 30, 2025 $ (215.9)   $ (233.3) $ 0.0 $ 349.8 $ (5.6) $ (575.1) $ (2.4) [2] $ 17.4
[1] Inclusive of other comprehensive loss, foreign currency cumulative translation adjustments totaled a loss of $2.1 million and $2.4 million as of September 30, 2024 and December 31, 2023, respectively.
[2] Inclusive of other comprehensive loss, foreign currency cumulative translation adjustments totaled a loss of $3.7 million and $4.5 million as of September 30, 2025 and December 31, 2024, respectively.