The financials
Innovex International, Inc. by the numbers
Innovex International, Inc. (INVX) reported revenue of $239M in Q1 2026 (quarter ended March 31, 2026), down 0.6% from the same quarter a year earlier. That came with a gross margin of 35% and net loss of $17M. For the full year FY2025, revenue was $978M (+48% year on year) and net income $83M. Its largest product in 2026-Q2 was Leasing at $46M, 59% of the disclosed total, just ahead of Service at 41%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $239M | $240M | −0.6% |
| Gross profit | $85M | $77M | +10% |
| Operating income | −$22M | $22M | to a loss |
| Net income | −$17M | $15M | to a loss |
| Diluted EPS | −$0.24 | $0.21 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Leasing | $46M | 59% |
| Service | $32M | 41% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $77.5M (+1.8%)
Leasing grew +4.1% year on yearService +3.0% year on year
Segment Latestquarter on quarteryear on year
- Leasing$45.8M$45.8MQoQ +1.8%year on year +4.1%+1.8%+4.1%
- Service$31.7M$31.7MQoQ +1.8%year on year +3.0%+1.8%+3.0%
Oil & Gas Equipment & Services
Ranks #24 of 27 by Smart Score