Dnow Inc (DNOW) financial statements: income statement, balance sheet and cash flow
Dnow Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Dnow Inc reported revenue of $2.8B (+18.8% year on year).
Income statement
Dnow Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$2.8B
$2.4B
$2.3B
$2.1B
Cost of products
$2.3B
$1.8B
$1.8B
$1.6B
Gross profit
$478.0M
—
—
—
Selling, general and administrative expenses
$559.0M
—
—
—
Impairment and other charges
$12.0M
$6.0M
$0
$10.0M
Operating (loss) profit
($93.0M)
$113.0M
$140.0M
$131.0M
Other expense
($7.0M)
$1.0M
($2.0M)
$8.0M
(Loss) income before income taxes
($100.0M)
$114.0M
$138.0M
$139.0M
Income tax (benefit) provision
($12.0M)
$32.0M
($110.0M)
$10.0M
Net (loss) income
($88.0M)
$82.0M
$248.0M
$129.0M
Net income attributable to noncontrolling interest
$1.0M
$1.0M
$1.0M
$1.0M
Net (loss) income attributable to DNOW Inc.
($89.0M)
$81.0M
$247.0M
$128.0M
Basic
-$0.76
$0.75
$2.26
$1.14
Diluted
-$0.76
$0.74
$2.24
$1.13
Weighted-average common shares outstanding, basic
117.9M
106.4M
107.4M
110.7M
Weighted-average common shares outstanding, diluted
117.9M
107.1M
108.4M
111.2M
Dnow Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$1.3B
$1.2B
$634.0M
$628.0M
Cost of products
$1.1B
$990.0M
$489.0M
$484.0M
Gross profit
$243.0M
$193.0M
—
—
Selling, general and administrative expenses
$238.0M
$243.0M
—
—
Impairment and other charges
$4.0M
—
$0
—
Operating profit (loss)
$1.0M
($50.0M)
$33.0M
$32.0M
Other (expense) income, net
($10.0M)
($10.0M)
($1.0M)
$0
(Loss) income before income taxes
($9.0M)
($60.0M)
$32.0M
$32.0M
Income tax provision (benefit)
$12.0M
($16.0M)
$7.0M
$7.0M
Net (loss) income
($21.0M)
($44.0M)
$25.0M
$25.0M
Net (loss) income attributable to noncontrolling interests
$0
$0
$0
$0
Net (loss) income attributable to DNOW Inc.
($21.0M)
($44.0M)
$25.0M
$25.0M
Basic
-$0.11
-$0.24
$0.23
$0.24
Diluted
-$0.11
-$0.24
$0.23
$0.23
Weighted-average common shares outstanding, basic
182.5M
185.8M
105.0M
105.5M
Weighted-average common shares outstanding, diluted
182.5M
185.8M
105.6M
106.0M
Balance sheet
Dnow Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$164.0M
$256.0M
$299.0M
$212.0M
Receivables, net
$874.0M
$388.0M
$384.0M
$398.0M
Inventories, net
$1.2B
$352.0M
$366.0M
$381.0M
Prepaid and other current assets
$48.0M
$32.0M
$19.0M
$26.0M
Total current assets
$2.3B
$1.0B
$1.1B
$1.0B
Property, plant and equipment, net
$264.0M
$157.0M
$131.0M
$119.0M
Operating right-of-use assets
$160.0M
—
—
—
Deferred income taxes
$11.0M
$93.0M
$118.0M
—
Goodwill
$617.0M
$230.0M
$139.0M
$116.0M
Intangibles, net
$565.0M
$65.0M
$28.0M
$25.0M
Other assets
$29.0M
$48.0M
$45.0M
$43.0M
Total assets
$3.9B
$1.6B
$1.5B
$1.3B
Accounts payable
$653.0M
$300.0M
$288.0M
$304.0M
Accrued liabilities
$300.0M
$130.0M
$120.0M
$126.0M
Other current liabilities
$21.0M
$12.0M
$10.0M
$9.0M
Total current liabilities
$974.0M
$442.0M
$418.0M
$439.0M
Long-term operating lease liabilities
$129.0M
$29.0M
$30.0M
$25.0M
Long-term debt
$411.0M
—
—
—
Deferred income taxes
$99.0M
—
$0
$1.0M
Other long-term liabilities
$73.0M
$22.0M
$18.0M
$11.0M
Total liabilities
$1.7B
$493.0M
$466.0M
$476.0M
Common stock - par value $0.01; 330 million shares authorized; 186,125,254 and 105,652,963 shares issued and outstanding at December 31, 2025 and 2024, respectively
2.0M
1.0M
1.0M
1.0M
Additional paid-in capital
$3.2B
$2.0B
$2.0B
$2.1B
Accumulated deficit
($836.0M)
($747.0M)
($828.0M)
($1.1B)
Accumulated other comprehensive loss
($126.0M)
($153.0M)
($145.0M)
($150.0M)
DNOW Inc. stockholders' equity
$2.2B
$1.1B
$1.1B
$842.0M
Noncontrolling interest
$5.0M
$4.0M
$3.0M
$2.0M
Total stockholders' equity
$2.2B
$1.1B
$1.1B
$844.0M
Total liabilities and stockholders' equity
$3.9B
$1.6B
$1.5B
$1.3B
Dnow Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$114.0M
$116.0M
$266.0M
$232.0M
Receivables, net
$889.0M
$889.0M
$429.0M
$440.0M
Inventories, net
$1.1B
$1.2B
$377.0M
$383.0M
Prepaid and other current assets
$52.0M
$52.0M
$24.0M
$25.0M
Total current assets
$2.1B
$2.3B
$1.1B
$1.1B
Property, plant and equipment, net
$257.0M
$261.0M
$149.0M
$153.0M
Operating right-of-use assets
$148.0M
$161.0M
—
—
Deferred income tax assets
$10.0M
$12.0M
$76.0M
$83.0M
Goodwill
$700.0M
$652.0M
$235.0M
$235.0M
Intangibles, net
$556.0M
$563.0M
$60.0M
$62.0M
Other assets
$28.0M
$28.0M
$44.0M
$48.0M
Total assets
$3.8B
$3.9B
$1.7B
$1.7B
Accounts payable
$711.0M
$662.0M
$305.0M
$318.0M
Accrued liabilities
$262.0M
$254.0M
$118.0M
$125.0M
Other current liabilities
$18.0M
$13.0M
$12.0M
$12.0M
Total current liabilities
$991.0M
$929.0M
$435.0M
$455.0M
Long-term debt
$474.0M
$571.0M
—
—
Long-term operating lease liabilities
$109.0M
$118.0M
$25.0M
$28.0M
Deferred income tax liabilities
$74.0M
$95.0M
—
—
Other long-term liabilities
$70.0M
$71.0M
$15.0M
$17.0M
Total liabilities
$1.7B
$1.8B
$475.0M
$500.0M
Common stock - par value $0.01; 330 million shares authorized; 180,910,798 and 186,125,254 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
2.0M
2.0M
1.0M
1.0M
Additional paid-in capital
$3.1B
$3.1B
$2.0B
$2.0B
Accumulated deficit
($901.0M)
($880.0M)
($675.0M)
($700.0M)
Accumulated other comprehensive loss
($131.0M)
($126.0M)
($145.0M)
($142.0M)
DNOW Inc. stockholders' equity
$2.1B
$2.1B
$1.2B
$1.2B
Noncontrolling interests
$5.0M
$5.0M
$3.0M
$5.0M
Total stockholders' equity
$2.1B
$2.1B
$1.2B
$1.2B
Total liabilities and stockholders' equity
$3.8B
$3.9B
$1.7B
$1.7B
Cash flow statement
Dnow Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss) income
($88.0M)
$82.0M
$248.0M
$129.0M
Depreciation and amortization
$52.0M
$34.0M
$26.0M
$19.0M
Increase (decrease) in LIFO reserve
$27.0M
—
—
—
Impairment and other charges
$12.0M
$6.0M
$0
$10.0M
Stock-based compensation
$29.0M
$13.0M
$15.0M
—
Deferred income taxes
($16.0M)
$25.0M
($119.0M)
—
Operating lease expense
$24.0M
—
—
—
Other, net
$0
$14.0M
$18.0M
$14.0M
Receivables
$40.0M
$81.0M
$16.0M
($95.0M)
Inventories
$107.0M
$80.0M
$12.0M
($138.0M)
Prepaid and other current assets
$20.0M
($8.0M)
$7.0M
($10.0M)
Accounts payable
($37.0M)
—
—
—
Accrued liabilities and other, net
($15.0M)
—
—
—
Net cash provided by operating activities
$155.0M
$298.0M
$188.0M
$0
Business acquisitions, net of cash acquired
($574.0M)
($299.0M)
($32.0M)
($80.0M)
Purchases of property, plant and equipment
($21.0M)
($9.0M)
($17.0M)
($9.0M)
Other, net
$5.0M
$4.0M
$1.0M
$2.0M
Net cash used in investing activities
($590.0M)
($304.0M)
($48.0M)
($87.0M)
Borrowings under the revolving credit facility
$643.0M
—
—
—
Repayments under the revolving credit facility
($232.0M)
—
—
—
Repurchases of common stock
($37.0M)
($23.0M)
($50.0M)
($7.0M)
Shares withheld for taxes
-19.0M
—
—
—
Other, net
($16.0M)
—
—
—
Net cash provided by (used in) financing activities
$339.0M
($33.0M)
($55.0M)
($10.0M)
Effect of exchange rates on cash and cash equivalents
$4.0M
($4.0M)
$2.0M
($4.0M)
Net change in cash and cash equivalents
($92.0M)
($43.0M)
$87.0M
($101.0M)
Cash and cash equivalents, beginning of period
$256.0M
$299.0M
$212.0M
$313.0M
Cash and cash equivalents, end of period
$164.0M
$256.0M
$299.0M
$212.0M
Income taxes paid, net
$3.0M
$6.0M
$10.0M
$11.0M
Interest paid
$4.0M
—
—
—
Accrued purchases of property, plant and equipment
$5.0M
$1.0M
$1.0M
$1.0M
Common stock issued in connection with acquisition of MRC Global
$1.2B
—
—
—
Dnow Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net (loss) income
($65.0M)
($44.0M)
$73.0M
$48.0M
Depreciation and amortization
$46.0M
$23.0M
$32.0M
$21.0M
Increase in LIFO reserve
$35.0M
$16.0M
—
—
Provision for inventory
$12.0M
$5.0M
$2.0M
$1.0M
Impairment and other charges
$4.0M
—
$0
—
Stock-based compensation
$10.0M
$5.0M
$12.0M
$8.0M
Deferred income taxes
($16.0M)
($8.0M)
$17.0M
$11.0M
Operating lease expense
$36.0M
$18.0M
—
—
Other, net
$7.0M
$5.0M
$14.0M
$10.0M
Receivables
($30.0M)
($26.0M)
($35.0M)
($45.0M)
Inventories
$30.0M
($17.0M)
($24.0M)
($28.0M)
Prepaid and other current assets
($4.0M)
($2.0M)
$9.0M
$10.0M
Accounts payable
$56.0M
$6.0M
—
—
Accrued liabilities and other, net
($83.0M)
($76.0M)
—
—
Net cash provided by operating activities
$38.0M
($95.0M)
$72.0M
$29.0M
Business acquisitions, net of cash acquired
($46.0M)
($46.0M)
($8.0M)
($8.0M)
Purchases of property, plant and equipment
($17.0M)
($8.0M)
($14.0M)
($10.0M)
Other, net
$2.0M
$1.0M
$3.0M
$2.0M
Net cash used in investing activities
($61.0M)
($53.0M)
($19.0M)
($16.0M)
Borrowings under the revolving credit facility
$412.0M
$253.0M
—
—
Repayments under the revolving credit facility
($349.0M)
($93.0M)
—
—
Repurchases of common stock
($75.0M)
($50.0M)
($27.0M)
($27.0M)
Shares withheld for taxes
-5.0M
-5.0M
—
—
Other, net
($7.0M)
($4.0M)
($18.0M)
($13.0M)
Net cash used in financing activities
($24.0M)
$101.0M
($45.0M)
($40.0M)
Effect of exchange rates on cash and cash equivalents
($3.0M)
($1.0M)
$2.0M
$3.0M
Net change in cash and cash equivalents
($50.0M)
($48.0M)
$10.0M
($24.0M)
Cash and cash equivalents, beginning of period
$164.0M
$164.0M
$256.0M
$256.0M
Cash and cash equivalents, end of period
$114.0M
$116.0M
$266.0M
$232.0M
Income taxes paid, net
$11.0M
$2.0M
—
—
Interest paid
$14.0M
$5.0M
—
—
Accrued purchases of property, plant and equipment