Innovex International, Inc.

For the period ended Mar 31, 2025. Filed May 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 7, 2025

INVX$24.91-1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Income

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2025	2024
Revenues
Products	$167,350	$106,951
Services	35,061	13,970
Rental	38,004	7,076
Total revenues	240,415	127,997
Cost of revenues(a)
Products	119,695	65,173
Services	31,820	12,363
Rental	12,396	1,371
Total cost of revenues	163,911	78,907
Selling, general and administrative expenses	32,349	21,337
(Gain) loss on sale of assets	148	(124)
Depreciation and amortization	14,945	4,793
Impairment of long-lived assets	2,924	—
Acquisition and integration costs	4,288	773
Income from operations	21,850	22,311
Interest expense	700	719
Other expense (income), net	(214)	520
Equity method earnings	—	(468)
Income before income taxes	21,364	21,540
Income tax expense, net	6,607	5,123
Net income	14,757	16,417
Foreign currency translation adjustment	4,616	1,030
Comprehensive income	$19,373	$17,447
Earnings per common share
Basic	$0.21	$0.53
Diluted	$0.21	$0.51
Weighted average common shares outstanding
Basic	69,290,100	30,978,328
Diluted	69,477,519	32,292,887

(a)Cost of revenues excludes depreciation and amortization.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.