Innovex International (INVX) Financial Statements & Analysis

Innovex International (INVX) Income Statement

Innovex International reported revenue of $978.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 48.0% from $660.80M a year earlier. Net income was $83.30M, down 40.6% year over year, a net margin of 8.5%. Gross margin was 24.8% and operating margin 11.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $244.90M, up 9.2% from the same quarter a year earlier.

Innovex International Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Innovex International, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	978.25	660.80	555.54	467.19	294.84	364.97	414.81	384.63	455.47
Cost of Revenue	735.71	428.17	360.10	309.07	207.45	269.88	295.37	271.50	305.39
Gross Profit	242.54	232.63	195.44	158.12	87.40	95.09	119.44	113.13	150.08
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	15.10	18.92	17.33	39.42	42.16
Selling, General & Administrative	128.79	116.18	72.80	59.19	55.58	94.87	96.42	105.04	116.25
Operating Expenses	128.79	183.56	98.16	82.27	73.32	113.79	113.75	144.46	158.41
Operating Income	113.75	49.08	97.28	75.84	14.08	-18.70	5.69	-31.33	-8.34
Other Income/Expense
Interest Income	0.00	0.00	2.98	0.00	-0.21	2.13	7.94	8.04	3.56
Interest Expense	2.58	2.43	-5.51	4.03	2.16	0.62	0.31	0.00	0.00
Other Income/Expense	14.78	93.74	-2.15	-2.91	1.77	-43.35	4.74	-83.66	-57.31
Income
Income Before Tax	128.53	142.81	94.37	72.93	13.70	-62.05	10.43	-114.99	-65.64
Income Tax Expense	45.23	2.49	20.44	9.65	3.84	-31.28	8.71	-19.29	35.00
Net Income	83.30	140.33	73.93	63.28	9.85	-30.77	1.72	-95.70	-100.64
Net Income - Continuous Operations	83.30	140.33	73.93	63.28	9.85	-30.77	1.72	-95.70	-100.64
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	191.85	184.77	122.64	101.92	33.59	-29.04	44.76	-79.68	-24.67
EBIT	131.11	85.24	99.98	80.46	15.85	-	-	-	-
Depreciation & Amortization	60.74	39.52	22.66	24.96	17.74	32.39	34.02	35.31	40.97
Earnings Per Share
Basic EPS	1.00	3.00	2.00	4.00	1.00	-1.00	-	-3.00	-3.00
Diluted EPS	1.00	3.00	2.00	4.00	1.00	-1.00	-	-3.00	-3.00
Basic Shares Outstanding	69.01	49.73	30.93	15.18	14.59	35.26	35.84	37.08	37.46
Diluted Shares Outstanding	69.38	50.63	32.34	15.62	14.59	35.26	36.15	37.08	37.46

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Innovex International Financial Statements

What was Innovex International's revenue in fiscal 2025?

Innovex International reported revenue of $978.25M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 48.0% from $660.80M a year earlier.

Is Innovex International profitable?

Yes. Innovex International earned net income of $83.30M in fiscal 2025, a net margin of 8.5%. In fiscal 2024 it earned $140.32M.

What is Innovex International's operating margin?

Innovex International's operating income was $113.75M on revenue of $978.25M in fiscal 2025, an operating margin of 11.6%, compared with 7.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition