NOW Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), NOW reported revenue of $3.1B, gross profit of $2.4B (78.9% gross margin), operating income of $451M, and net income of $460M (14.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 18.6% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +18.6% | +32.6% | +1.6 pp |
| Quarter over quarter | +4.4% | +19.8% | +1.9 pp |
Consensus estimate data is not available for this report.
NOW Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.1B | 100% |
| Cost of Revenue | −$651M | 21.1% |
| Gross Profit | $2.4B | 78.9% |
| Research & Development | −$703M | 22.8% |
| Selling, General & Administrative | −$1.3B | 41.5% |
| Operating Income | $451M | 14.6% |
| Other Income, net | $104M | 3.4% |
| Income Tax Expense | −$95M | 3.1% |
| Net Income | $460M | 14.9% |
Source: original SEC filing (filed 2025-04-23). Accession 0001373715-25-000124. Data normalized by EarningsFyi.