NOW Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-06-30), NOW reported revenue of $3.2B, gross profit of $2.5B (77.5% gross margin), operating income of $358M, and net income of $385M (12.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 4.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +4.1% | −16.3% | −2.9 pp |
Consensus estimate data is not available for this report.
NOW Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.2B | 100% |
| Cost of Revenue | −$724M | 22.5% |
| Gross Profit | $2.5B | 77.5% |
| Research & Development | −$734M | 22.8% |
| Selling, General & Administrative | −$271M | 8.4% |
| Other Operating Expenses | −$1.1B | 35.1% |
| Operating Income | $358M | 11.1% |
| Other Income, net | $113M | 3.5% |
| Income Tax Expense | −$86M | 2.7% |
| Net Income | $385M | 12.0% |
Source: original SEC filing (filed 2025-07-23). Accession 0001373715-25-000274. Data normalized by EarningsFyi.