NOW Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), NOW reported revenue of $3.6B, gross profit of $2.7B (76.6% gross margin), operating income of $443M, and net income of $401M (11.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 20.7% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +20.7% | +4.4% | −1.7 pp |
| Quarter over quarter | +4.7% | −20.1% | −3.5 pp |
Consensus estimate data is not available for this report.
NOW Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.6B | 100% |
| Cost of Revenue | −$834M | 23.4% |
| Gross Profit | $2.7B | 76.6% |
| Research & Development | −$773M | 21.7% |
| Selling, General & Administrative | −$1.5B | 42.5% |
| Operating Income | $443M | 12.4% |
| Other Income, net | $98M | 2.7% |
| Income Tax Expense | −$140M | 3.9% |
| Net Income | $401M | 11.2% |
Source: original SEC filing (filed 2026-01-28). Accession 0001373715-26-000005. Data normalized by EarningsFyi.