Innovex International (INVX) Operating Expenses (2009 - 2026)

Innovex International (INVX) reported Operating Expenses of $53.2 million for Q1 2026, up 15.14% on a YoY basis from $46.2 million in Q1 2025, and up 17.02% quarter-over-quarter from $45.5 million in Q4 2025.

Innovex International (INVX) Operating Expenses (2009 - 2026) Analysis & Trends

Innovex International has reported Operating Expenses for 18 years, with the latest figure at $53.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 15.14% year-over-year to $53.2 million; the trailing twelve-month figure through Mar 2026 stood at $190.5 million (down 33.81% YoY), and the FY2025 full-year result was $183.5 million, up 10.49% from the prior year.
  • Operating Expenses for Q1 2026 stood at $53.2 million, up from $45.5 million in the prior quarter.
  • The five-year high for Operating Expenses was $129.1 million in Q1 2024, with the low at $43.4 million in Q2 2025.
  • Historically, Operating Expenses has averaged $81.6 million across 5 years, with a median of $86.0 million in 2023.
  • Annual changes were most pronounced in 2023 — Operating Expenses soared 62.88% — and 2025, when it tumbled 65.31%.
  • Innovex International's Operating Expenses stood at $99.2 million in 2022, then increased by 22.79% to $121.8 million in 2023, then slumped by 55.67% to $54.0 million in 2024, then retreated by 15.73% to $45.5 million in 2025, then gained by 17.02% to $53.2 million in 2026.
  • The last three Operating Expenses figures came in at $53.2 million (Q1 2026), $45.5 million (Q4 2025), and $48.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 83.64 Bn 81.43 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 63.03 Bn 48.45 Bn 1.51 Bn 732.00 Mn
3 Halliburton 33.15 Bn 31.20 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 27.40 Bn 26.13 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.81 Bn 8.75 Bn - -76.01 Mn
6 Nov 7.52 Bn 6.24 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 7.29 Bn 6.24 Bn 876.00 Mn 1.03 Bn
8 Archrock 6.12 Bn 6.11 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.77 Bn 5.68 Bn 222.88 Mn 238.95 Mn
10 Innovex International 1.97 Bn 1.77 Bn 84.51 Mn 53.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 53.24 Mn
Dec 31, 2025 45.49 Mn
Sep 30, 2025 48.42 Mn
Jun 30, 2025 43.37 Mn
Mar 31, 2025 46.24 Mn
Dec 31, 2024 53.99 Mn
Sep 30, 2024 62.58 Mn
Jun 30, 2024 125.01 Mn
Mar 31, 2024 129.10 Mn
Dec 31, 2023 121.79 Mn
Sep 30, 2023 123.32 Mn
Jun 30, 2023 86.00 Mn
Mar 31, 2023 87.68 Mn
Dec 31, 2022 99.19 Mn
Sep 30, 2022 75.71 Mn
Jun 30, 2022 97.85 Mn
Mar 31, 2022 88.73 Mn
Dec 31, 2021 149.57 Mn
Sep 30, 2021 89.93 Mn
Jun 30, 2021 95.46 Mn