Filing Flows › Innovex International (INVX) › Q1 2026
Innovex International (INVX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Innovex International (INVX) reported revenue of $239M for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and -13% from the quarter before. Operating margin was -9.1%, net loss $16.7M (7.0% of revenue).
Innovex International, Q1 2026: revenue $239M (-0.6% year over year), operating margin -9.1%, net loss $16.7M, operating cash flow $19.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $239M | -13% | -0.6% |
| Operating profit | −$21.8M | -185% | -200% |
| Net earnings | −$16.7M | -219% | -213% |
| Operating cash flow | $19.8M | -62% | -36% |
| Free cash flow | $14.0M | — | -42% |
What changed
Revenue was $239.0M in Q1 2026, down 1% year over year and down 13% from the previous quarter. Product was the largest line at 68% of revenue. Product lost $4.5M year over year (down 3%), 322% of the total change.
Operating costs exceeded revenue by $21.8M, an operating margin of -9.1%. Total costs grew 19% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+190%). The quarter ended with a net loss of $16.7M, after a profit of $14.0M the previous quarter.
Operating cash flow was $19.8M (down 36% year over year). Non-cash charges added back $16.2M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $17.3M. After capital expenditures ($5.8M), free cash flow as the company reports it was $14.0M.
Questions
What was Innovex International's revenue in the first quarter 2026?
Innovex International (INVX) reported revenue of $239M for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and -13% from the quarter before.
Was Innovex International profitable in the first quarter 2026?
Operating loss was $21.8M (-9.1% of revenue) and net loss $16.7M.