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| Date | Value |
|---|---|
| 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 |