Innovex Q2 FY26 net income swings to profit of $25 million; revenue rises 9% year-over-year to $245 million

INVX•2026-08-03

Outlook calls for Q3 revenue of $260-$270 million with adjusted EBITDA (non-GAAP) of $51-$57 million, including TCO contributions.

Innovex posted Q2 2026 revenue of $245 million, up 9% year-over-year; net income rose to $25 million from $15.35 million.
Profit swung to $0.36 per share from $0.22; operating cash flow fell to $37.03 million from $59.21 million.
Adjusted EBITDA (non-GAAP) edged up to $48 million from $46.64 million; free cash flow (non-GAAP) declined to $30.39 million from $51.91 million.
Quarter-end cash and cash equivalents climbed to $222.06 million from $68.78 million; long-term debt and finance lease obligations narrowed to $19.04 million from .

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