Innovex International, Inc (INVX) Income Statement
INVX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINVX revenue and net income
Where INVX's revenue goes
2025Each bar shows an amount and its share of revenue. INVX kept 8.5% of revenue as net income.
INVX profit margins
INVX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +48.0% | +27.9% | +21.8% | +1.5% |
| Gross profit | +4.3% | +15.3% | +20.6% | −4.5% |
| Operating income | +131.8% | +14.5% | — | −7.4% |
| Net income | −40.6% | +9.6% | — | −8.0% |
| EPS (diluted) | +785.0% | +345.6% | — | −9.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INVX quarterly EPS vs estimates
Innovex International beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.37).
INVX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $978.3M | $660.8M | $555.5M | $467.2M | $294.8M | $365.0M | $414.8M | $384.6M | $455.5M | $538.7M |
| Cost of revenue | $735.7M | $428.2M | $360.1M | $309.1M | $207.4M | $269.9M | $295.4M | $271.5M | $305.4M | $328.4M |
| Gross profit | $242.5M | $232.6M | $195.4M | $158.1M | $87.4M | $95.1M | $119.4M | $113.1M | $150.1M | $210.3M |
| Research & development | — | $3.7M | $12.6M | $11.7M | $15.1M | $18.9M | $17.3M | $39.4M | $42.2M | $44.3M |
| Sales, general & admin | $128.8M | $116.2M | $72.8M | $62.1M | $55.6M | — | — | — | — | — |
| Total operating expenses | $128.8M | $183.6M | $98.2M | $82.3M | $73.3M | $113.8M | $113.8M | $144.5M | $158.4M | $123.1M |
| Operating income | $113.7M | $49.1M | $97.3M | $75.8M | $14.1M | −$18.7M | $5.7M | −$31.3M | −$8.3M | $87.3M |
| Interest expense | $2.6M | $2.4M | $5.5M | $4.0M | $2.2M | $621,000 | $314,000 | — | — | — |
| Income before taxes | $128.5M | $142.8M | $94.4M | $72.9M | $13.7M | −$62.0M | $10.4M | −$115.0M | −$65.6M | $115.9M |
| Income taxes | $45.2M | $2.5M | $20.4M | $9.7M | $3.8M | −$31.3M | $8.7M | −$19.3M | $35.0M | $22.6M |
| Net income | $83.3M | $140.3M | $73.9M | $63.3M | $9.9M | −$30.8M | $1.7M | −$95.7M | −$100.6M | $93.2M |
| EBITDA | $204.4M | $184.8M | $129.9M | $101.9M | $33.6M | −$29.0M | $44.8M | −$79.7M | −$24.7M | $147.7M |
| EPS (diluted) | $1.77 | $0.20 | $0.06 | $0.02 | −$3.63 | −$0.87 | $0.04 | −$2.64 | −$2.65 | $2.47 |
| Gross margin | 24.8% | 35.2% | 35.2% | 33.8% | 29.6% | 26.1% | 28.8% | 29.4% | 32.9% | 39.0% |
| Operating margin | 11.6% | 7.4% | 17.5% | 16.2% | 4.8% | −5.1% | 1.4% | −8.1% | −1.8% | 16.2% |
| Net margin | 8.5% | 21.2% | 13.3% | 13.5% | 3.3% | −8.4% | 0.4% | −24.9% | −22.1% | 17.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $244.9M | $239.0M | $273.6M | $240.0M | $224.2M | $240.4M | $250.7M | $151.8M | $130.3M | $128.0M | $133.2M | $139.1M |
| Cost of revenue | $161.2M | $170.7M | $209.9M | $179.4M | $152.5M | $163.9M | $165.8M | $99.1M | $84.3M | $78.9M | $84.5M | $89.2M |
| Gross profit | $83.6M | $68.3M | $63.7M | $60.6M | $71.7M | $76.5M | $84.9M | $52.7M | $46.0M | $49.1M | $48.7M | $49.9M |
| Research & development | — | — | — | — | — | — | — | — | $3.6M | $3.7M | $3.0M | $3.1M |
| Sales, general & admin | $39.1M | $41.7M | $32.0M | — | $28.8M | $32.3M | $38.3M | $38.0M | $18.6M | $21.3M | $16.7M | $19.2M |
| Total operating expenses | $49.9M | $41.7M | $32.0M | $35.6M | $49.0M | $54.7M | $58.0M | $65.9M | $32.9M | $26.8M | $25.5M | $25.9M |
| Operating income | $33.8M | $26.5M | $31.6M | $25.0M | $22.7M | $21.9M | $26.9M | −$13.2M | $13.1M | $22.3M | $23.2M | $24.0M |
| Interest income | $653,000 | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | $653,000 | $388,000 | $654,000 | $677,000 | $551,000 | $700,000 | $375,000 | $729,000 | $607,000 | $719,000 | $792,000 | $1.5M |
| Income before taxes | $35.4M | −$21.6M | $27.0M | $58.0M | $22.2M | $21.4M | $27.4M | $80.0M | $13.9M | $21.5M | $23.5M | $23.2M |
| Income taxes | $10.4M | −$4.9M | $13.0M | $18.7M | $6.9M | $6.6M | −$4.4M | −$2.6M | $4.3M | $5.1M | $5.0M | $7.9M |
| Net income | $25.0M | −$16.7M | $14.0M | $39.2M | $15.3M | $14.8M | $31.8M | $82.6M | $9.5M | $16.4M | $18.4M | $15.4M |
| EBITDA | $54.9M | −$2.5M | $46.4M | $79.2M | $40.8M | $39.9M | $42.4M | $88.5M | $23.0M | $28.9M | $37.8M | $30.5M |
| EPS (diluted) | $0.36 | $0.34 | $0.24 | $0.23 | $0.65 | $0.65 | $0.47 | $0.25 | $0.10 | −$0.62 | $0.04 | −$0.15 |
| Gross margin | 34.2% | 28.6% | 23.3% | 25.2% | 32.0% | 31.8% | 33.9% | 34.7% | 35.3% | 38.4% | 36.6% | 35.9% |
| Operating margin | 13.8% | 11.1% | 11.6% | 10.4% | 10.1% | 9.1% | 10.7% | −8.7% | 10.0% | 17.4% | 17.4% | 17.2% |
| Net margin | 10.2% | −7.0% | 5.1% | 16.3% | 6.8% | 6.1% | 12.7% | 54.4% | 7.3% | 12.8% | 13.9% | 11.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INVX's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INVX financial results
In fiscal year 2025 (ended December 31, 2025), Innovex International reported revenue of $978.3 million, up 48.0% from the year before. It had net income of $83.3 million (down 40.6%), a net profit margin of 8.5%. Diluted earnings per share came to $1.77. Over five years revenue grew at an average rate of 21.8% a year.
See the INVX stock overview for the latest quote and news, or the INVX chart for price history and technical indicators.
INVX income statement FAQ
What is Innovex International's annual revenue?
Innovex International reported total revenue of $978.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 48.0% from $660.8 million the previous year.
Is Innovex International profitable?
Yes. Innovex International reported net income of $83.3 million in fiscal 2025, a net profit margin of 8.5%; its operating margin was 11.6%.
What is Innovex International's gross margin?
Innovex International's gross margin was 24.8% in fiscal 2025: for every $100 of revenue, Innovex International kept $25 after the direct cost of its products and services.
How fast is Innovex International growing?
Revenue grew 21.8% a year on average over the last five fiscal years, from $365.0 million to $978.3 million.
What are Innovex International's earnings per share?
Innovex International earned $1.77 per diluted share in fiscal 2025, compared with $0.20 a year earlier.
When will Innovex International report its next earnings?
Innovex International is expected to report results for the quarter ending September 30, 2026 on November 2, 2026.
When does Innovex International's fiscal year end?
Innovex International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.