Innovex Announces First Quarter 2026 Results

Innovex International, 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 21% Net Cash Provided by Operating Activities of $20 million Free Cash Flow 1 of $14 million Income from Operations of $89 million (twelve months ended March 31, 2026) Return on Capital Employed 1 of 12% (twelve months ended March 31, 2026) $201 million of cash and cash equivalents and no bank debt at quarter-end Substantially completed exit from the legacy Eldridge facility Awarded two significant subsea projects in Asia, each exceeding $20 million, including a comprehensive offshore package as well as a mudline wellhead and shallow water tree system award Delivered the first subsea wellhead order in Southeast