NOW Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), NOW reported revenue of $2.4B, gross profit of $1.9B (78.8% gross margin), operating income of $270M, and net income of $295M (12.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 6.5% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +6.5% | +21.9% | +1.5 pp |
Consensus estimate data is not available for this report.
NOW Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.4B | 100% |
| Cost of Revenue | −$516M | 21.2% |
| Gross Profit | $1.9B | 78.8% |
| Research & Development | −$562M | 23.1% |
| Selling, General & Administrative | −$1.1B | 44.7% |
| Operating Income | $270M | 11.1% |
| Other Income, net | $77M | 3.2% |
| Income Tax Expense | −$52M | 2.1% |
| Net Income | $295M | 12.1% |
Source: original SEC filing (filed 2024-01-24). Accession 0001373715-24-000009. Data normalized by EarningsFyi.