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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$2.15B+81.0%
Enterprise value$2.05B+65.2%
P/E41.4×+33.2×
P/S2.2×+0.8×

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:InventoryNet.

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, except share and par value amounts)March 31,2026December 31,2025
Cash and restricted cash$200,707$203,407
Trade receivables, net of allowance of $16,330 and $19,752 at March 31, 2026 and December 31, 2025, respectively245,633237,774
Contract assets2,8032,705
Inventories252,987248,433
Assets held for sale1,234
Prepaid expenses and other current assets49,52735,728
Total current assets752,891728,047
Noncurrent assets

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Innovex International's inventories?
Innovex International (INVX) reported inventories of $252.99M in Q1 2026.
How has Innovex International's inventories changed year-over-year?
Innovex International's inventories decreased by 6.0% year-over-year, from $269.25M to $252.99M.
What is the long-term trend for Innovex International's inventories?
Over 5 years (2020 to 2025), Innovex International's inventories has grown at a 3.2% compound annual growth rate (CAGR), from $212.54M to $248.43M.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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