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$25.13+2.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
| (in thousands, except share and par value amounts) | September 30,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and restricted cash | $163,374 | $73,278 |
| Trade receivables, net of allowance of $20,225 and $63,875 at September 30, 2025 and December 31, 2024, respectively | 220,408 | 239,506 |
| Contract assets | 2,986 | 5,062 |
| Inventories | 275,197 | 271,173 |
| Assets held for sale | 954 | 4,749 |
| Prepaid expenses and other current assets | 47,433 | 47,623 |
| Total current assets | 710,352 | 641,391 |
| Noncurrent assets | ||
| Property and equipment, net | 158,685 | 190,786 |
| Right of use assets – operating | 54,745 | 54,873 |
| Goodwill | 95,384 | 60,176 |
| Intangibles, net | 120,479 | 108,363 |
| Deferred tax asset, net | 104,132 | 134,540 |
| Other long-term assets | 10,133 | 7,354 |
| Total noncurrent assets | 543,558 | 556,092 |
| Total assets | $1,253,910 | $1,197,483 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $66,633 | $65,201 |
| Accrued expenses | 45,680 | 60,593 |
| Operating lease liabilities | 12,785 | 10,547 |
| Contract liabilities | 10,286 | 13,463 |
| Current portion of long-term debt and finance lease obligations | 6,316 | 10,467 |
| Other current liabilities | 7,010 | 2,387 |
| Total current liabilities | 148,710 | 162,658 |
| Noncurrent liabilities | ||
| Long-term debt and finance lease obligations | 20,090 | 24,901 |
| Operating lease liabilities | 43,287 | 45,153 |
| Deferred income taxes | 619 | 624 |
| Other long-term liabilities | 2,250 | 5,991 |
| Total noncurrent liabilities | 66,246 | 76,669 |
| Total liabilities | $214,956 | $239,327 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity | ||
| Preferred stock: 10,000,000 shares authorized at $0.01 par value (none issued) | $— | $— |
| Common stock: $0.01 par value, 200,000,000 and 100,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; 68,924,402 and 69,178,263 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 689 | 692 |
| Additional paid-in capital | 763,164 | 755,077 |
| Accumulated other comprehensive income | 3,795 | (8,863) |
| Retained earnings | 271,306 | 211,250 |
| Total stockholders’ equity | $1,038,954 | $958,156 |
| Total liabilities and stockholders’ equity | $1,253,910 | $1,197,483 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.