secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001193125-26-204105
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312526204105/0001193125-26-204105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312526204105/invx-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-204105

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