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