NOW Q3 2023 Earnings — Income Statement Breakdown
For its Q3 2023 period (ending 2023-09-30), NOW reported revenue of $2.3B, gross profit of $1.8B (78.3% gross margin), operating income of $231M, and net income of $242M (10.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
NOW Q3 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.3B | 100% |
| Cost of Revenue | −$496M | 21.7% |
| Gross Profit | $1.8B | 78.3% |
| Research & Development | −$549M | 24.0% |
| Selling, General & Administrative | −$1.0B | 44.2% |
| Operating Income | $231M | 10.1% |
| Other Income, net | $68M | 3.0% |
| Income Tax Expense | −$57M | 2.5% |
| Net Income | $242M | 10.6% |
Source: original SEC filing (filed 2023-10-25). Accession 0001373715-23-000417. Data normalized by EarningsFyi.