NOW Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-12-31), NOW reported revenue of $3.0B, gross profit of $2.3B (78.7% gross margin), operating income of $374M, and net income of $384M (13.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 21.3% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +21.3% | +30.2% | +0.9 pp |
| Quarter over quarter | +5.7% | −11.1% | −2.5 pp |
Consensus estimate data is not available for this report.
NOW Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.0B | 100% |
| Cost of Revenue | −$631M | 21.3% |
| Gross Profit | $2.3B | 78.7% |
| Research & Development | −$668M | 22.6% |
| Selling, General & Administrative | −$257M | 8.7% |
| Other Operating Expenses | −$1.0B | 34.7% |
| Operating Income | $374M | 12.6% |
| Other Income, net | $89M | 3.0% |
| Income Tax Expense | −$79M | 2.7% |
| Net Income | $384M | 13.0% |
Source: original SEC filing (filed 2025-01-29). Accession 0001373715-25-000007. Data normalized by EarningsFyi.