What is Innovex International's income tax?

Innovex International (INVX) reported income tax of -$4.92M in Q1 2026.

How has Innovex International's income tax changed year-over-year?

Innovex International's income tax decreased by 174.5% year-over-year, from $6.61M to -$4.92M.

What is the long-term trend for Innovex International's income tax?

Over 2 years (2022 to 2025), Innovex International's income tax has grown at a 116.5% compound annual growth rate (CAGR), from $9.65M to $45.23M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Innovex International INVX Income Tax

Income Tax at other companies

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$105M+1.9%

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$195M-16.7%

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$15M-68.1%

Weatherford InternationalWFRD

-$4M-140%

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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%

CapEx$223.0K-34.6%

Free cash flow$19.6M-36.2%

Valuation

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Market cap$1.76B+34.2%

Enterprise value$1.66B+23.7%

P/E33.9×+24.5×

P/S1.8×+0.1×

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:IncomeTaxExpenseBenefit.

The official record: Innovex International’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovex International's income tax?: Innovex International (INVX) reported income tax of -$4.92M in Q1 2026.
How has Innovex International's income tax changed year-over-year?: Innovex International's income tax decreased by 174.5% year-over-year, from $6.61M to -$4.92M.
What is the long-term trend for Innovex International's income tax?: Over 2 years (2022 to 2025), Innovex International's income tax has grown at a 116.5% compound annual growth rate (CAGR), from $9.65M to $45.23M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.