Innovex Q2 revenue down 7% to $224 million; Q3 revenue outlook $230-$240 million
Innovex reported second-quarter 2025 revenue of $224 million, down 7% from the prior quarter, and net income of $15 million. The company guided to third-quarter 2025 revenue of $230-$240 million and Adjusted EBITDA of $40-$45 million, and said it closed the $70 million all-cash Citadel Casing Solutions acquisition on May 30.
Key points
- Q2 2025 revenue of $224 million, down 7% quarter over quarter; net income of $15 million
- Q2 operating cash flow of $59 million and free cash flow of $52 million
- Q3 2025 guidance: total revenue of $230-$240 million and Adjusted EBITDA of $40-$45 million
- Citadel acquisition closed May 30 for $70 million in cash; Eldridge facility sale targeted to close in Q3 2025
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.