Innovex International Inc (NASDAQ: INVX) is an oilfield technology and services company that designs and manufactures downhole tools and other equipment used in oil and gas drilling, completion, and production operations. Revenue is generated through product sales and service contracts with oil and gas operators and service companies globally. The company conducts business internationally, sourcing raw materials and component parts through a global supply chain that includes international vendors for machining services, and is subject to U.S. export controls, import tariffs, and economic sanctions regimes across the countries where it operates. As of the 10-K filed February 24, 2026 (accession 0001193125-26-067228, fiscal year ended December 31, 2025), Innovex reported no revenue exposure in Russia.

Revenue model

Product sales and service contracts for downhole tools and related oilfield equipment supplied to oil and gas operators and service companies.

Products and services

Downhole tools and equipment used in oil and gas drilling, completion, and production operations; machining services sourced through international vendors.

Customers and end markets

Oil and gas operators and oilfield services companies; end markets tied to upstream oil and gas drilling and completion activity.

Value-chain role

Manufacturer and supplier of downhole oilfield tools and equipment; sits between raw material and component suppliers and oil and gas operators or service contractors.

Geographic exposure

Global operations with international supply chain; U.S.-based with international vendor relationships; no revenue in Russia as of fiscal year ended December 31, 2025.

Source: SEC 10-K, filed 2026-02-24

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