secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001193125-26-064279
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312526064279/0001193125-26-064279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312526064279/invx-20260223.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-064279

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer