Filing Flows › Innovex International (INVX) › Q1 2025
Innovex International (INVX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Innovex International (INVX) reported revenue of $240M for the first quarter 2025 (Q1 2025), +118% from a year earlier and -4% from the quarter before. Operating margin was 9.1%, net earnings $14.8M (6.1% of revenue).
Innovex International, Q1 2025: revenue $240M (+118% year over year), operating margin 9.1%, net earnings $14.8M, operating cash flow $31.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -4% | +118% |
| Operating profit | $21.9M | -19% | — |
| Net earnings | $14.8M | -54% | — |
| Operating cash flow | $31.1M | -14% | — |
What changed
Revenue was $240.4M in Q1 2025, up 118% year over year and down 4% from the previous quarter. Product was the largest line at 70% of revenue. Product added $60.4M year over year (up 56%), 46% of the total change.
Operating profit was $21.9M, a 9.1% margin (up 26.1 points year over year). Total costs grew 69% against revenue growth of 118%. The fastest-growing cost line was Cost of revenue (+108%). Net earnings were $14.8M. The effective tax rate was 30.9%.
Operating cash flow was $31.1M, 211% of net earnings. Non-cash charges added back $14.9M of depreciation and amortization and $1.8M of share-based compensation.
Questions
What was Innovex International's revenue in the first quarter 2025?
Innovex International (INVX) reported revenue of $240M for the first quarter 2025 (Q1 2025), +118% from a year earlier and -4% from the quarter before.
Was Innovex International profitable in the first quarter 2025?
Operating profit was $21.9M (9.1% of revenue) and net earnings $14.8M.