DNOW Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.8B | $2.4B | $2.3B | $2.1B | $1.6B |
| Cost of revenue | $2.3B | $1.8B | $1.8B | $1.6B | $1.3B |
| Gross profit | $478.0M | $531.0M | $539.0M | — | — |
| Selling, general & administrative | $559.0M | $416.0M | $395.0M | — | — |
| Operating income | -$93.0M | $109.0M | $144.0M | $131.0M | $9.0M |
| Pretax income | -$100.0M | $110.0M | $142.0M | $139.0M | $12.0M |
| Income tax expense | -$12.0M | $31.0M | -$109.0M | $10.0M | $7.0M |
| Net income | -$89.0M | $78.0M | $250.0M | $128.0M | $5.0M |
| Balance Sheet | |||||
| Cash and equivalents | $164.0M | $256.0M | $299.0M | $212.0M | $313.0M |
| Current assets | $2.3B | $1.0B | $1.1B | $1.0B | $883.0M |
| Total assets | $3.9B | $1.6B | $1.5B | $1.3B | $1.1B |
| Current liabilities | $974.0M | $442.0M | $418.0M | $439.0M | $369.0M |
| Total liabilities | $1.7B | $493.0M | $466.0M | $476.0M | $392.0M |
| Stockholders' equity | $2.2B | $1.1B | $1.1B | $842.0M | $711.0M |
| Cash Flow Statement | |||||
| Cash from operations | $155.0M | $298.0M | $188.0M | $0 | $30.0M |
| Depreciation and amortization | $52.0M | $34.0M | $26.0M | $19.0M | $23.0M |
| Stock-based compensation | $29.0M | $13.0M | $15.0M | $11.0M | $8.0M |
| Capital expenditure | $21.0M | $9.0M | $17.0M | $9.0M | $5.0M |
| Free cash flow | $134.0M | $289.0M | $171.0M | -$9.0M | $25.0M |
| Share repurchases | $37.0M | $23.0M | $50.0M | $7.0M | $0 |
| Impairments | $12.0M | $6.0M | $0 | $10.0M | $7.0M |
Shares outstanding 182.5M · Free float 98.4%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.