Dnow Inc. income statement
In fiscal 2025, Dnow Inc. reported revenue of $2.82bn, up 18.8% on the year before, operating income of −$93.0m (a -3.3% margin) and net income of −$89.0m, or −$0.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,414 | 4,296 | 4,105 | 3,010 | 2,107 | 2,648 | 3,127 | 2,951 | 1,619 | 1,632 | 2,136 | 2,321 | 2,373 | 2,820 | 4,083 |
| Cost of revenue | — | — | — | — | 1,762 | 2,147 | 2,497 | 2,365 | 1,327 | 1,275 | 1,630 | 1,782 | 1,842 | 2,342 | 3,452 |
| Gross profit | — | — | — | — | 345 | 501 | 630 | 586 | 292 | 357 | 506 | 539 | 531 | 478 | 631 |
| Selling, general and administrative | 128 | 161 | 213 | — | — | — | — | — | — | — | — | 395 | 416 | 559 | — |
| Operating income | 168 | 224 | 181 | −510 | −222 | −41 | 73 | −83 | −420 | 9 | 131 | 144 | 109 | −93 | −204 |
| Income before tax | 165 | 222 | 178 | −518 | −230 | −52 | 58 | −93 | −430 | 12 | 139 | 142 | 110 | −100 | −231 |
| Income tax | 57 | 75 | 62 | −16 | 4 | — | 6 | 4 | −3 | 7 | 10 | −109 | 31 | −12 | −30 |
| Net income | 108 | 147 | 116 | −502 | −234 | −52 | 52 | −97 | −427 | 5 | 128 | 250 | 78 | −89 | −201 |
| Diluted EPS | $1.00 | $1.37 | $1.06 | −$4.68 | −$2.18 | −$0.48 | $0.47 | −$0.89 | −$3.91 | $0.05 | $1.13 | $2.27 | $0.71 | −$0.76 | −$1.28 |
| Diluted shares (average) | 107m | 107m | 108m | 107m | 107m | 108m | 109m | 109m | 109m | 110m | 111m | 108m | 107m | 118m | 157m |
| EBITDA | 180 | 241 | 202 | −472 | −169 | 9 | 114 | −42 | −392 | 32 | 150 | 170 | 143 | −41 | −127 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 606 | 571 | 599 | 628 | 634 | 959 | 1,183 | 1,307 |
| Cost of revenue | 471 | 442 | 461 | 499 | 489 | 909 | 990 | 1,064 |
| Gross profit | 135 | 129 | 138 | 129 | 145 | 50 | 193 | 243 |
| Selling, general and administrative | — | — | 109 | 112 | — | — | 243 | 238 |
| Operating income | 23 | 25 | 29 | 17 | 33 | −188 | −50 | 1 |
| Income before tax | 22 | 26 | 29 | 17 | 32 | −194 | −60 | −9 |
| Income tax | 9 | 6 | 7 | 3 | 7 | −33 | −16 | 12 |
| Net income | 13 | 20 | 21 | 14 | 25 | −161 | −44 | −21 |
| Diluted EPS | $0.12 | $0.18 | $0.19 | $0.13 | $0.23 | −$1.42 | −$0.24 | −$0.11 |
| EBITDA | 31 | 35 | 40 | 27 | 44 | −168 | −27 | 24 |
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