Innovex International, Inc.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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.
Sep 30, 2025 · Filed Nov 4, 2025
INVX$24.91-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenues | ||||
| Products | $165,802 | $126,643 | $482,601 | $343,322 |
| Services | 31,810 | 15,774 | 97,653 | 43,674 |
| Rental | 42,388 | 9,400 | 124,395 | 23,120 |
| Total revenues | 240,000 | 151,817 | 704,649 | 410,116 |
| Cost of revenues(a) | ||||
| Products | 127,432 | 76,954 | 361,882 | 213,325 |
| Services | 23,416 | 19,855 | 78,740 | 44,329 |
| Rental | 13,209 | 2,329 | 39,861 | 4,701 |
| Total cost of revenues | 164,057 | 99,138 | 480,483 | 262,355 |
| Selling, general and administrative expenses | 35,574 | 37,984 | 96,758 | 77,903 |
| Gain on sale of assets | (40,918) | (169) | (41,189) | (487) |
| Depreciation and amortization | 15,362 | 7,786 | 45,281 | 19,168 |
| Impairment of long-lived assets | — | — | 3,427 | 3,522 |
| Acquisition and integration costs | 3,641 | 20,296 | 13,060 | 25,492 |
| Income/(loss) from operations | 62,284 | (13,218) | 106,829 | 22,163 |
| Interest expense | 677 | 729 | 1,928 | 2,055 |
| Other expense (income), net | 303 | (269) | (3) | (402) |
| Equity method earnings | — | (1,018) | — | (2,230) |
| Bargain purchase loss/(gain) | 3,342 | (92,659) | 3,342 | (92,659) |
| Income before income taxes | 57,962 | 79,999 | 101,562 | 115,399 |
| Income tax expense/(benefit), net | 18,734 | (2,587) | 32,232 | 6,862 |
| Net income | 39,228 | 82,586 | 69,330 | 108,537 |
| Foreign currency translation adjustment | 1,314 | 2,457 | 12,658 | (362) |
| Comprehensive income | $40,542 | $85,043 | $81,988 | $108,175 |
| Earnings per common share | ||||
| Basic | $0.57 | $2.03 | $1.00 | $3.18 |
| Diluted | $0.57 | $1.99 | $1.00 | $3.08 |
| Weighted average common shares outstanding | ||||
| Basic | 68,814,125 | 40,728,902 | 69,014,146 | 34,139,548 |
| Diluted | 69,265,300 | 41,530,978 | 69,305,070 | 35,289,692 |
(a)Cost of revenues excludes depreciation and amortization.
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