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

Innovex International (INVX) posted Operating Expenses of $43.3 million for Q1 2026, up 18.75% on a QoQ basis from $36.5 million in Q4 2025, and up 18.28% year-over-year from $36.6 million in Q1 2025.

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

Innovex International's Operating Expenses history runs 18 years deep, the most recent figure standing at $43.3 million for Q1 2026.

  • Quarterly Operating Expenses rose 18.28% year-over-year to $43.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $153.0 million (down 42.48% YoY) and the FY2025 annual result came in at $146.3 million, down 2.12% from the prior year.
  • Operating Expenses was $43.3 million for Q1 2026 at Innovex International, up from $36.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $129.1 million in Q1 2024 and bottomed at $34.0 million in Q2 2025.
  • A 5-year average of $78.1 million and a median of $86.0 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses soared 62.88% — and 2025, when it slumped 72.83%.
  • Innovex International's Operating Expenses stood at $99.2 million in 2022, then gained by 22.79% to $121.8 million in 2023, then tumbled by 62.16% to $46.1 million in 2024, then fell by 20.82% to $36.5 million in 2025, then grew by 18.75% to $43.3 million in 2026.
  • Business Quant data shows INVX's Operating Expenses at $43.3 million in Q1 2026, $36.5 million in Q4 2025, and $39.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 261.00 Mn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn -466.59 Mn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 2.14 Bn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 4.72 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 9.00 Mn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 998.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 45.37 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 69.48 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 238.95 Mn
10 Innovex International 1.85 Bn 1.64 Bn 84.51 Mn 43.34 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 43.34 Mn
Dec 31, 2025 36.49 Mn
Sep 30, 2025 39.22 Mn
Jun 30, 2025 33.97 Mn
Mar 31, 2025 36.64 Mn
Dec 31, 2024 46.09 Mn
Sep 30, 2024 58.28 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