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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$2.04B+87.8%
Enterprise value$1.94B+71.8%
P/E39.3×+31.8×
P/S2.1×+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:SellingGeneralAndAdministrativeExpense.

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 per share amounts)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Services19,17731,820
Rental12,09312,396
Total cost of revenues154,522163,911
Selling, general and administrative expenses41,74832,349
(Gain) loss on sale of assets(2,020)148
Depreciation and amortization16,22214,945
Impairment of long-lived assets2,924
Acquisition and integration costs1,5884,288

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Innovex International's SG&A?
Innovex International (INVX) reported SG&A of $41.75M in Q1 2026.
How has Innovex International's SG&A changed year-over-year?
Innovex International's SG&A increased by 29.1% year-over-year, from $32.35M to $41.75M.
What is the long-term trend for Innovex International's SG&A?
Over 3 years (2021 to 2025), Innovex International's SG&A has grown at a 3.8% compound annual growth rate (CAGR), from $115.04M to $128.79M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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