NOW Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), NOW reported revenue of $3.4B, gross profit of $2.6B (77.3% gross margin), operating income of $572M, and net income of $502M (14.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 21.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +21.8% | +16.2% | −0.7 pp |
| Quarter over quarter | +6.0% | +30.4% | +2.8 pp |
Consensus estimate data is not available for this report.
NOW Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.4B | 100% |
| Cost of Revenue | −$774M | 22.7% |
| Gross Profit | $2.6B | 77.3% |
| Research & Development | −$750M | 22.0% |
| Selling, General & Administrative | −$255M | 7.5% |
| Other Operating Expenses | −$1.1B | 31.0% |
| Operating Income | $572M | 16.8% |
| Other Income, net | $122M | 3.6% |
| Income Tax Expense | −$192M | 5.6% |
| Net Income | $502M | 14.7% |
Source: original SEC filing (filed 2025-10-29). Accession 0001373715-25-000305. Data normalized by EarningsFyi.