Innovex Q3 revenue rises 7% to $240 million; net income $39 million
Innovex International reported third-quarter 2025 revenue of $240 million, up 7% from $224.2 million in the prior quarter, and net income of $39.2 million, up from $15.3 million. Net income included a $40.9 million gain on sale of assets, and Adjusted EBITDA fell to $43.6 million from $46.6 million as margin declined to 18% from 21%. The company guided fourth-quarter revenue to $235 million to $245 million and Adjusted EBITDA to $42 million to $47 million.
Key points
- Q3 2025 revenue $240.0 million vs. $224.2 million in Q2 2025 and $151.8 million in Q3 2024
- Net income $39.2 million, or $0.57 per diluted share, vs. $0.22 per diluted share in Q2 2025; Q3 2024 net income was $82.6 million
- Adjusted EBITDA $43.6 million, margin 18%, vs. $46.6 million and 21% in Q2 2025; company cites Eldridge facility relocation costs
- Q4 2025 guidance: revenue $235 million to $245 million; Adjusted EBITDA $42 million to $47 million
The filing
Written by AI on Nov 8, 2026, 1:54 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 November 03, 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.