Jury awards $47.6M against Innovex (NYSE: INVX) subsidiary in patent case

Rhea-AI Filing Summary

Innovex International, Inc. disclosed that a jury in the U.S. District Court for the Southern District of Texas returned a verdict against its wholly owned subsidiary, Downhole Well Solutions, LLC, in a patent infringement case brought by Impulse Downhole Solutions entities. The jury found the remaining asserted patent claims valid, determined that DWS infringed them and characterized the infringement as willful, awarding Impulse approximately $47.6 million in damages. The damages amount may increase or decrease after further proceedings, and no judgment has been entered yet. Innovex strongly disagrees with the verdict, plans to pursue post-trial motions, and expects to appeal any judgment to the U.S. Court of Appeals for the Federal Circuit.

Insights

Litigation risk analyst

Jury’s $47.6M patent verdict creates material legal and financial uncertainty.

The jury verdict against Downhole Well Solutions, an Innovex subsidiary, for patent infringement with approximately $47.6 million in damages is a sizeable potential obligation and signals elevated legal exposure around friction reduction tools used in directional drilling.

Because the verdict includes a finding of willful infringement, follow-on judicial determinations could affect the ultimate damages, though the company plans post-trial motions and an appeal. Actual financial impact will hinge on the outcome of these proceedings and any final judgment.

Investors will need to track subsequent court rulings in the Southern District of Texas and any decision by the U.S. Court of Appeals for the Federal Circuit, as those steps will clarify whether the current damages figure is upheld, reduced, enhanced, or overturned.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 5, 2026

INNOVEX INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-13439		74-2162088
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

19120 Kenswick Drive, Humble, Texas		77338
(Address of principal executive offices)		(Zip Code)

(346) 398-0000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, $.01 par value per share		INVX		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐	Emerging growth company
☐	If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 8.01 Other Events.

Innovex International, Inc. (“Innovex,” the “Company” or “we”) today announced that on March 5, 2026, a jury in the U.S. District Court for the Southern District of Texas returned a verdict against Downhole Well Solutions, LLC (“DWS”), a wholly owned subsidiary of Innovex. As previously disclosed, in 2023 Impulse Downhole Solutions Ltd. and Impulse Downhole Tools USA Ltd. (collectively, “Impulse”) filed a lawsuit against DWS (captioned Impulse Downhole Solutions Ltd., and Impulse Downhole Tools USA Ltd v. Downhole Well Solutions, LLC, Civil Action No. 4:23-cv-02954) alleging infringement of five United States patents owned by Impulse Downhole Solutions Ltd. relating to friction reduction tools used in directional drilling. The allegations of infringement of two of the patents were dismissed before the jury trial. The jury found the remaining patent claims were valid, that DWS had infringed on those patents, and advised the district court of its view that such infringement was willful. The jury awarded monetary damages of approximately $47.6 million to Impulse. The damages could increase or decrease based on further proceedings and judicial determination. No judgment has been entered at this time.

The Company strongly disagrees with the verdict, intends to continue to vigorously challenge it, and expects to pursue post-trial motions and appeal any resulting judgment to the U.S. Court of Appeals for the Federal Circuit.

Forward-Looking Statements

Certain statements contained in this Current Report on Form 8-K (this “Current Report) made regarding the matters addressed in this Current Report constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Innovex’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Forward-looking statements can be identified by the use of forward-looking terminology including “may,” “believe,” “expect,” “intend,” “anticipate,” “plan,” “should,” “estimate,” “continue,” “potential,” “will,” “hope” or other similar words and include the Company’s expectation of future performance contained herein. These statements discuss future expectations, contain projections of results of operations or of financial condition, or state other “forward-looking” information, including without limitation statements regarding the impact of the jury verdict, future judicial proceedings and the Company’s ability to defend itself in the future. You are cautioned not to place undue reliance on any forward-looking statements, which can be affected by assumptions used or by risks or uncertainties. Consequently, no forward-looking statements can be guaranteed. When considering these forward-looking statements, you should keep in mind the risk factors noted in the Company’s Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. The risk factors and other factors noted therein could cause actual results to differ materially from those contained in any forward-looking statement. Innovex disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
104	Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Innovex International, Inc.
Date: March 11, 2026	By:	/s/ Adam Anderson
		Adam Anderson
		Chief Executive Officer

FAQ

What did Innovex International (INVX) disclose about the jury verdict?

Innovex reported that a Texas federal jury returned a verdict against its subsidiary Downhole Well Solutions, finding infringement of certain Impulse patents and awarding about $47.6 million in damages. The company disagrees with the verdict and plans post-trial motions and an appeal.

How large are the damages in the Innovex (INVX) patent case?

The jury awarded Impulse approximately $47.6 million in monetary damages. This figure could increase or decrease after additional court proceedings and judicial determinations, and no final judgment has been entered yet in the case.

Which Innovex (INVX) subsidiary is involved in the Impulse patent lawsuit?

The lawsuit targets Downhole Well Solutions, LLC, a wholly owned subsidiary of Innovex International, Inc. The jury found that DWS infringed remaining Impulse patent claims related to friction reduction tools used in directional drilling operations.

Did the jury find willful patent infringement against Innovex’s subsidiary?

Yes. The jury advised the district court that Downhole Well Solutions’ infringement of the remaining Impulse patent claims was willful. That finding may influence later judicial decisions on damages, although the company plans to challenge the verdict through post-trial motions and appeal.

What are Innovex International’s (INVX) next legal steps after the verdict?

Innovex strongly disagrees with the jury’s decision and intends to vigorously challenge it. The company expects to pursue post-trial motions in the trial court and to appeal any resulting judgment to the U.S. Court of Appeals for the Federal Circuit.

How could the jury verdict affect Innovex’s future results?

The company notes in forward-looking statements that the impact of the verdict will depend on future judicial proceedings and its ability to defend itself. Final damages, if any, will be determined through post-trial rulings, potential appeals, and any resulting judgment.

Filing Exhibits & Attachments

1 document

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