Innovex (INVX) Reports Q1 2026 Earnings with Revenue Decline and Legal Expense
Innovex (INVX) reported Q1 2026 earnings with revenue of $239 million, down 13% sequentially and 1% year-over-year. The company recorded a $49 million legal expense due to a patent infringement verdict and reported adjusted EBITDA of $49 million with a 21% margin. Innovex also secured significant project awards and acquired Drilling Innovative Solutions for $16 million.
Tickers: $INVX
Topics: acquisition adjusted_ebitda earnings free_cash_flow legal revenue