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Other financials

Income statement

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Revenue$239.0M-0.6%
Gross profit$84.5M+10.5%
Operating income-$21.8M-200%
Net income-$16.7M-213%
EPS (diluted)-$0.24-214%

Balance sheet

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Cash & equivalents$200.7M+195%
Total debt$100.4M+7.5%
Total equity$1.0B+5.4%
Total assets$1.3B+7.7%

Cash flow

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Operating cash flow$19.8M-36.2%
Free cash flow$19.6M-36.2%

Valuation

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Market cap$2.15B+93.4%
Enterprise value$2.05B+77.5%
P/E41.4×+33.7×
P/S2.2×+0.9×

Profitability

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Gross margin31.9%-0.9pp
Operating margin9.1%+2.7pp
Net margin5.3%-12.9pp
FCF margin15%-9.6pp

Returns & leverage

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Return on equity5.2%-15.8pp
Debt / equity0.1×0.0×
Current ratio5.1×+0.8×

Where this comes from

Reported directly by Innovex International in its filing.

Tagged under the XBRL concept us-gaap:CapitalExpendituresIncurredButNotYetPaid.

The source filing: Innovex International’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:29 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-206528
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Cash and restricted cash end of period$200,707$68,116
Supplemental cash flow information:
Cash paid for interest$617
Cash paid (received) for income taxes, net of refunds(151)4,954
Non-cash investing and financing activities:
Property and equipment purchases in accounts payable$223$341
Operating lease assets obtained in exchange for lease obligations2,5976,277
Finance lease assets obtained in exchange for lease obligations6721,929

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Innovex International's capex?
Innovex International (INVX) reported capex of $223K in Q1 2026.
How has Innovex International's capex changed year-over-year?
Innovex International's capex decreased by 34.6% year-over-year, from $341K to $223K.
What is the long-term trend for Innovex International's capex?
Over 2 years (2021 to 2023), Innovex International's capex has grown at a 80.7% compound annual growth rate (CAGR), from $9.99M to $32.63M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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