Innovex International, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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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Consolidated Statements of Operations and Comprehensive Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2023 |
| Revenues | |||
| Products | $685,293 | $527,394 | $460,802 |
| Services | 126,263 | 83,127 | 63,391 |
| Rental | 166,695 | 50,282 | 31,346 |
| Total revenues | 978,251 | 660,803 | 555,539 |
| Cost of revenues(a) | |||
| Products | 522,880 | 332,372 | 295,293 |
| Services | 98,919 | 82,109 | 55,730 |
| Rental | 53,172 | 13,691 | 9,079 |
| Total cost of revenues | 674,971 | 428,172 | 360,102 |
| Selling, general and administrative expenses | 128,793 | 116,181 | 72,797 |
| (Gain) loss on sale of assets | (39,825) | (654) | 106 |
| Depreciation and amortization | 60,742 | 31,207 | 22,659 |
| Impairment of long-lived assets | 3,427 | 3,522 | 266 |
| Acquisition and integration costs | 17,518 | 33,300 | 2,327 |
| Income from operations | 132,625 | 49,075 | 97,282 |
| Interest expense | 2,582 | 2,430 | 5,506 |
| Other (income) expense, net | (1,828) | 298 | 385 |
| Equity method earnings | — | (2,616) | (2,975) |
| Bargain purchase loss (gain) | 3,342 | (85,812) | — |
| Gain on consolidation of equity method investment | — | (8,037) | — |
| Income before income taxes | 128,529 | 142,812 | 94,366 |
| Income tax expense | 45,231 | 2,487 | 20,440 |
| Net income | 83,298 | 140,325 | 73,926 |
| Foreign currency translation adjustment | 12,947 | (10,969) | (1,753) |
| Comprehensive income | $96,245 | $129,356 | $72,173 |
| Earnings per common share | |||
| Basic | $1.21 | $2.82 | $2.39 |
| Diluted | $1.20 | $2.77 | $2.29 |
| Weighted average common shares outstanding | |||
| Basic | 69,009,209 | 49,727,093 | 30,928,647 |
| Diluted | 69,381,412 | 50,627,004 | 32,338,518 |
(a)Cost of revenues excludes depreciation and amortization.
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