INVX at a glance
Innovex International, Inc. (INVX, SEC CIK 1042893) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 10, 2026 and Form 4 insider filings as recently as September 9, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Innovex International, Inc. (INVX) reported revenue of $978.3 million (up 48.0% from FY2024) and net income of $83.3 million. Diluted EPS was $1.20.
- As of June 30, 2026, 27 institutional investment managers tracked by SignalX reported holding Innovex International, Inc. (INVX) shares worth $511.2 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Amberjack Capital Partners, L.P. on August 10, 2026 of 176,944 shares at $28.71 per share.
- In the last 90 days, INVX insiders reported 0 open-market purchases ($0) and 13 open-market sales ($287.4M) on Form 4, a net sale of $287.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $978.3M
- +48.0% vs prior year
- Insiders · 90 days
- 0 buys · 13 sells
- Net −$287.4M
- 13F holders
- 27 funds
- $511.2M · +2 vs prior quarter
- Latest 8-K
- Aug 10, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Designs, manufactures, sells, rents engineered well-centric products for global oil and gas industry lifecycle
- New segments: Completed merger with Dril-Quip to form Innovex International, plus acquired Downhole Well Solutions (80%), SCF Machining, Citadel Casing Solutions
- Strategic shift: Expanded inorganic growth via multiple acquisitions enhancing low-cost manufacturing and downhole technology capabilities
- Quantitative highlight: Total addressable market estimated at $8.0 billion with 52% revenue from North America and 48% International/Offshore in 2025
- Noteworthy fact: Merger share conversion ratio was 2.0125 Innovex shares per Dril-Quip share, indicating significant restructuring and capitalization changes
Risk Factors
- Regulatory risk from exclusion of Iran, Venezuela, Cuba, Russia, China in Rystad Energy upstream spending forecast impacting $200 million credit availability
- Geopolitical exposure in Middle East growth, specifically Saudi Arabia, driving increasing international & offshore revenue (48% total)
- Supply chain vulnerability with reliance on SCF Machining Vietnam for low-cost machined goods following $17.7 million acquisition in 2025
- Competitive risk from larger rivals countering Innovex’s speed and innovation culture in proprietary downhole technologies after $69.7 million Citadel acquisition
- Financial risk from credit facility leverage with $200 million revolver extended to 2030, max borrowing base increase from $110 million to $200 million
Management Discussion & Analysis
- Revenue $978.3M, up 48% YoY (+$317.4M), driven by NAM $511.2M (+$150.1M) and International/Offshore $467.1M (+$167.4M) growth
- Income from operations $132.6M, up 170% YoY; net income $83.3M, down 41% YoY; adjusted EBITDA margin 19% vs 21% prior year
- Best segment by growth: Subsea Solutions revenue 24% of total, up from 15%; worst decline: Well Completion revenue 22% of total, down from 28%
- Free cash flow $155.8M, up 95% YoY; capital expenditures $35.1M; share repurchases $9.3M under $100M program; no dividends paid in 2025
- Management highlights Credit Agreement extension to 2030, $200M revolver increased to $250M potential; risk from drilling activity decline and geographic market fluctuations
AI summary of the INVX 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly results discussion introduced for three and six months ended June 30, 2026 and 2025
- Financial condition and liquidity position identified as key MD&A topics
Risk Factors
- No material risk-factor changes from the Annual Report
- Share repurchase suspension risk, with $76.6 million remaining authorization as of June 30, 2026
- Unknown or currently immaterial risks could materially adversely affect business or financial condition
- Carried-forward risk disclosures remain applicable alongside other SEC filings
AI summary of the INVX 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Selling stockholders sold 5,000,000 Innovex shares at $28.71 per share, generating approximately $143.6 million in secondary proceeds
- Company received no proceeds, making the transaction non-dilutive and providing no direct balance-sheet funding
Item 7.01: Regulation FD Disclosure
- Standard Regulation FD disclosure policy reaffirmed through SEC filings, press releases, calls, and investor-relations website
- Investors should monitor Innovex’s investor-relations website alongside SEC filings for material company updates
Item 2.02: Results of Operations and Financial Condition
- Quarterly results cover the period ended June 30, 2026
- Press release issued August 3, 2026 and furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue $244.9M, up 9% YoY; net income $25.0M versus $16.7M loss in Q1
- Adjusted EBITDA $48.0M, 20% margin, while free cash flow reached $30.4M
Item 3.02: Unregistered Sales of Equity Securities
- 1,060,713 common shares issued to seller as merger consideration on July 1, 2026
- Share count based on 15-day average NYSE volume-weighted trading price before June 15, 2026
AI summaries of INVX 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for INVX
Don't miss the next INVX filing
- Alerts as it files. A push when INVX files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut INVX, by share count.
- Ask anything. An AI agent that reads every INVX filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Anderson Adam | F | Sep 6, 2026 | 13,463 | $30.07 |
| Reddout Mark | F | Sep 6, 2026 | 5,049 | $30.07 |
| Reed Kendal | F | Sep 6, 2026 | 5,049 | $30.07 |
| Amberjack Capital Partners, L.P. | Sell | Aug 10, 2026 | 176,944 | $28.71 |
| Amberjack Capital Partners, L.P. | Sell | Aug 10, 2026 | 865,508 | $28.71 |
| Amberjack Capital Partners, L.P. | Sell | Aug 10, 2026 | 205,126 | $28.71 |
| INNOVEX CO-INVEST FUND, L.P. | Sell | Aug 10, 2026 | 88 | $28.71 |
| INNOVEX CO-INVEST FUND, L.P. | Sell | Aug 10, 2026 | 205,126 | $28.71 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $555.5M | $660.8M | $978.3M |
| Operating Income | $5.3M | $49.1M | $132.6M |
| Net Income | $604K | $140.3M | $83.3M |
| Op. Margin | 1.0% | 7.4% | 13.6% |
| Net Margin | 0.1% | 21.2% | 8.5% |
| Balance Sheet | |||
| Total Assets | $1.0B | $1.2B | $1.3B |
| Equity | - | $958.2M | $1.1B |
| ROE | - | 14.6% | 7.9% |
| Per Share | |||
| EPS | $0.02 | $2.77 | $1.20 |
| Cash Flow | |||
| Operating CF | - | $93.4M | $190.9M |
| CapEx | $32.6M | - | - |
Source: XBRL data in Innovex International, Inc. (INVX)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate INVX share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 27 | $511.2M |
| Q1 2026 | 25 | $490.4M |
| Q4 2025 | 26 | $385.0M |
| Q3 2025 | 25 | $317.1M |
| Q2 2025 | 27 | $260.4M |
| Q1 2025 | 23 | $194.5M |
| Q4 2024 | 19 | $136.4M |
| Q3 2024 | 18 | $79.1M |
- BlackRock+430.0K (+7%)
- Dimensional Fund Advisors+228.2K (+9%)
- State Street Corp+175.4K (+10%)
- Vanguard Portfolio Management LLC+75.2K (+3%)
- Northern Trust+61.2K (+15%)
- Invesco Ltd−136.3K (-20%)
- FMR LLC (Fidelity)−100.9K (-8%)
- Morgan Stanley−41.2K (-6%)
- Goldman Sachs Group−36.2K (-18%)
- AQR Capital Management−34.5K (-57%)
- Millennium Management+28.0K
- D.E. Shaw & Co+15.0K
- Two Sigma Investments+9.6K
- Citadel Advisors LLC−222.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 190 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
INVX filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| SC 13G | May 15, 2026 | - | - | |
| 8-K | May 11, 2026 | - | Analysis | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 4, 2026 | - | Analysis | - |
| 4 | Apr 22, 2026 | - | - | - |
| 4 | Apr 22, 2026 | - | - | - |
| 4 | Apr 7, 2026 | - | - | - |
| 4 | Apr 7, 2026 | - | - | - |
| 4 | Apr 7, 2026 | - | - | - |
| 8-K | Mar 11, 2026 | - | Analysis | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 8-K | Feb 27, 2026 | - | Analysis | - |
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INVX SEC filings: frequently asked questions
Are INVX insiders buying or selling?
In the last 90 days, Innovex International, Inc. (INVX) officers, directors and 10% owners reported no open-market purchases and 13 open-market sales worth $287.4 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold INVX stock?
As of June 30, 2026, the largest Innovex International, Inc. (INVX) holders among the 13F filers tracked by SignalX were BlackRock ($160.4 million), Dimensional Fund Advisors ($71.3 million), Vanguard Portfolio Management LLC ($68.3 million), Vanguard Capital Management LLC ($47.3 million), State Street Corp ($46.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was INVX's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Innovex International, Inc. (INVX) reported revenue of $978.3 million (up 48.0% from FY2024) and net income of $83.3 million. Diluted EPS was $1.20. The figures come from the XBRL data in the 10-K.
What are the main risks in INVX's latest 10-K?
In the 10-K filed February 24, 2026, Innovex International, Inc. (INVX) flagged: Regulatory risk from exclusion of Iran, Venezuela, Cuba, Russia, China in Rystad Energy upstream spending forecast impacting $200 million credit availability. Geopolitical exposure in Middle East growth, specifically Saudi Arabia, driving increasing international & offshore revenue (48% total). (AI summary of the Risk Factors section.)
What did INVX report in its latest 8-K?
Innovex International, Inc. (INVX) filed an 8-K on August 10, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). Selling stockholders sold 5,000,000 Innovex shares at $28.71 per share, generating approximately $143.6 million in secondary proceeds.
What are the latest INVX SEC filings?
Innovex International, Inc. (INVX) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 10, 2026 and a Form 4 insider filing on September 9, 2026.
What is INVX's SEC CIK number?
Innovex International, Inc. (INVX)'s SEC Central Index Key (CIK) is 1042893. EDGAR lists every INVX filing under that number.
Ask anything about INVX
The research agent reads INVX's filings, financials, insider trades and 13F holders, then answers with sources.