Innovex International, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
View on SEC.govAbout 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.
Jun 30, 2025 · Filed Aug 6, 2025
INVX$24.91-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Income
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenues | ||||
| Products | $149,449 | $109,728 | $316,799 | $216,679 |
| Services | 30,782 | 13,930 | 65,843 | 27,900 |
| Rental | 44,003 | 6,644 | 82,007 | 13,720 |
| Total revenues | 224,234 | 130,302 | 464,649 | 258,299 |
| Cost of revenues(a) | ||||
| Products | 112,234 | 71,198 | 234,450 | 136,371 |
| Services | 26,025 | 12,111 | 55,324 | 24,474 |
| Rental | 14,256 | 1,001 | 26,652 | 2,372 |
| Total cost of revenues | 152,515 | 84,310 | 316,426 | 163,217 |
| Selling, general and administrative expenses | 28,835 | 18,582 | 61,184 | 39,919 |
| Gain on sale of assets | (419) | (194) | (271) | (318) |
| Depreciation and amortization | 14,974 | 6,589 | 29,919 | 11,382 |
| Impairment of long-lived assets | 503 | 3,522 | 3,427 | 3,522 |
| Acquisition and integration costs | 5,131 | 4,423 | 9,419 | 5,196 |
| Income from operations | 22,695 | 13,070 | 44,545 | 35,381 |
| Interest expense | 551 | 607 | 1,251 | 1,326 |
| Other income, net | (92) | (653) | (306) | (133) |
| Equity method earnings | — | (744) | — | (1,212) |
| Income before income taxes | 22,236 | 13,860 | 43,600 | 35,400 |
| Income tax expense, net | 6,891 | 4,326 | 13,498 | 9,449 |
| Net income | 15,345 | 9,534 | 30,102 | 25,951 |
| Foreign currency translation adjustment | 6,728 | (1,789) | 11,344 | (2,819) |
| Comprehensive income | $22,073 | $7,745 | $41,446 | $23,132 |
| Earnings per common share | ||||
| Basic | $0.22 | $0.31 | $0.44 | $0.84 |
| Diluted | $0.22 | $0.30 | $0.43 | $0.80 |
| Weighted average common shares outstanding | ||||
| Basic | 68,943,387 | 30,978,880 | 69,115,786 | 30,978,604 |
| Diluted | 69,147,457 | 32,316,502 | 69,330,598 | 32,302,765 |
(a)Cost of revenues excludes depreciation and amortization.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.