---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-064279"
form_type: "8-K"
ticker: "INVX"
cik: "0001042893"
company_name: "Innovex International, Inc."
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:01:44.936528+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Innovex Q4 revenue $274M, up 14% QoQ; full year net income $83M vs $140M prior year

## Summary
- Q4 revenue $274M, up 14% sequentially; net income $14M, margin 5%.
- Adjusted EBITDA $52M in Q4 (19% margin); full year $188M vs $139M in 2024.
- Free cash flow $43M in Q4, $156M for full year 2025; conversion 83% of Adj. EBITDA.
- Ended year with $203M cash and no bank debt; ROCE 10% for full year.
- Completed tenth XPak installation in Brazil; exiting legacy Eldridge facility by Q2 2026.

## SEC filing metadata
- accession: 0001193125-26-064279
- form_type: 8-K
- ticker: INVX
- cik: 0001042893
- company_name: Innovex International, Inc.
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042893/000119312526064279/0001193125-26-064279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042893/000119312526064279/invx-20260223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-064279
- JSON: https://secwatch.observer/filing/0001193125-26-064279.json
- Plain text: https://secwatch.observer/filing/0001193125-26-064279.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.