Innovex International (INVX) reported second-quarter 2026 revenue of $244.9 million, up 2% from the prior quarter and 9% from a year earlier. Net income was $25.0 million, with basic and diluted earnings per share of $0.36.
The Houston-based company said it generated $37.0 million in net cash provided by operating activities and $30.4 million in free cash flow during the quarter. Innovex ended the quarter with about $222 million in cash and cash equivalents and no bank debt, and closed its acquisition of TCO Group AS on July 1 in a cash and stock transaction valued at $95 million.
- Revenue was $244.9 million for the quarter ended June 30, 2026.
- Net income was $25.0 million, with a net income margin of 10%.
- Basic and diluted earnings per share were $0.36.
- Adjusted EBITDA was $48.0 million, with an adjusted EBITDA margin of 20%.
- Third-quarter 2026 guidance calls for revenue of $260 million to $270 million and adjusted EBITDA of $51 million to $57 million, including TCO contributions.
- Innovex reported a $20 million subsea tension riser package award for an operator in Malaysia.
$INVX Insider Trading Activity
$INVX insiders have traded $INVX stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $INVX stock by insiders over the last 6 months:
- CO-INVEST FUND, L.P. INNOVEX has made 0 purchases and 6 sales selling 6,612,500 shares for an estimated $162,609,971.
- CAPITAL PARTNERS, L.P. AMBERJACK has made 0 purchases and 6 sales selling 6,612,500 shares for an estimated $162,609,971.
- ADAM ANDERSON (Chief Executive Officer) has made 0 purchases and 2 sales selling 32,078 shares for an estimated $894,361.
- MARK REDDOUT (President of North America) sold 10,750 shares for an estimated $301,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$INVX Hedge Fund Activity
We have seen 93 institutional investors add shares of $INVX stock to their portfolio, and 82 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 1,593,918 shares (+77.4%) to their portfolio in Q1 2026, for an estimated $38,875,660
- DRIEHAUS CAPITAL MANAGEMENT LLC added 1,536,309 shares (+inf%) to their portfolio in Q1 2026, for an estimated $37,470,576
- FMR LLC added 1,305,363 shares (+9492.2%) to their portfolio in Q1 2026, for an estimated $31,837,803
- BRANDES INVESTMENT PARTNERS, LP removed 1,072,795 shares (-14.0%) from their portfolio in Q1 2026, for an estimated $26,165,470
- LOOMIS SAYLES & CO L P added 671,309 shares (+inf%) to their portfolio in Q1 2026, for an estimated $16,373,226
- AMERICAN CENTURY COMPANIES INC added 419,208 shares (+148.2%) to their portfolio in Q1 2026, for an estimated $10,224,483
- SG AMERICAS SECURITIES, LLC removed 415,625 shares (-71.6%) from their portfolio in Q1 2026, for an estimated $10,137,093
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
