Innovex Q1 revenue $239M, net loss $17M; Adj. EBITDA $49M beat guidance

Innovex International, Inc.

2026-Q1 EPS reported -$0.24 vs consensus $0.27 ▼ miss (-187.9%)

Revenue $239M, down 13% QoQ, down 1% YoY; net loss $16.7M vs net income of $14.0M in Q1 2025.
Adjusted EBITDA $49.3M (21% margin), exceeding high end of guidance; margin improved from 19% a year ago.
Closed acquisition of Drilling Innovative Solutions for $16M (~4x TTM EBITDA); awarded two >$20M subsea projects in Asia.
Repurchased $14.1M of shares at $24.59/share; ended Q1 with $201M cash and no bank debt.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Innovex International, Inc. reported the quarter ended March 31, 2026 results: revenue $239 million, net income Net Loss of $17 million.

Period: the quarter ended March 31, 2026
Revenue: $239 million
Net income: Net Loss of $17 million
Result: reported results

Exact text from the filing

Inc. (NYSE: INVX) (“Innovex,” the “Company” or “we”) today announced financial and operating results for the first quarter of 2026. First Quarter Highlights • Revenue of $239 million, down 13% quarter-over-quarter and down 1% year-over-year • Net Loss of $17 million and Net Loss Margin of (7)% • Adjusted EBITDA 1 of $49 million and Adjusted EBITDA Margin 1 of

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Source: SEC EDGAR

accession 0001193125-26-204105

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