DNOW Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting third-quarter revenue of $1.337 billion and a net income of $26 million attributable to the company.

Key Highlights

  • Revenue nearly doubled year-over-year: Third-quarter 2026 revenue was $1.337 billion, compared with $634 million in the same quarter of 2025, according to the filing.
  • Q3 net income attributable to DNOW Inc.: $26 million, or $0.14 per basic and diluted share, versus $23 million, or $0.21 per share, in Q3 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss attributable to DNOW Inc. of $39 million, or $(0.21) per share, compared with net income of $58 million, or $0.54 per share, in the same period of 2025.
  • Total assets declined: Total assets were $3.719 billion at September 30, 2026, down from $3.924 billion at December 31, 2025, the filing disclosed.
  • Share count reduced: Shares issued and outstanding were 180,320,779 at September 30, 2026, down from 186,125,254 at December 31, 2025, reflecting $92 million in common stock repurchases during the nine-month period.
  • Operating cash flow: Net cash provided by operating activities was $158 million for the nine months ended September 30, 2026, compared with $72 million in the prior-year period.
  • Long-term debt: Long-term debt stood at $377 million at September 30, 2026, compared with $411 million at December 31, 2025.

DNOW Inc. Reports Sharply Higher Q3 Revenue but Nine-Month Loss Amid Post-Acquisition Costs

According to the filing, DNOW Inc. (NYSE:DNOW) reported third-quarter 2026 revenue of $1.337 billion, more than double the $634 million recorded in Q3 2025. Gross profit for the quarter was $265 million, up from $143 million a year earlier, while selling, general and administrative expenses rose to $232 million from $112 million. The company reported operating profit of $33 million for the three-month period, slightly above the $31 million reported in Q3 2025.

For the nine months ended September 30, 2026, the filing disclosed revenue of $3.827 billion versus $1.861 billion in the comparable prior-year period. Despite the revenue increase, the company reported a nine-month operating loss of $16 million, compared with operating profit of $77 million in the first nine months of 2025. The filing noted $4 million in impairment and other charges during the nine-month period, with no comparable charges in 2025. Other expense, net was $30 million for the nine-month period, versus $1 million a year earlier, contributing to the nine-month pre-tax loss of $46 million.

On the balance sheet, goodwill increased to $709 million from $617 million at December 31, 2025, and intangibles, net were $550 million, compared with $565 million at year-end 2025, the filing showed. Cash and cash equivalents were $112 million at September 30, 2026, down from $164 million at December 31, 2025. The company made business acquisitions totaling $46 million, net of cash acquired, during the nine-month period. As of October 29, 2026, the registrant reported 180,273,334 shares of common stock outstanding, excluding 2,512,330 unvested restricted shares.

What Was Disclosed

DNOW Inc. disclosed its unaudited financial results for the three and nine months ended September 30, 2026, covering revenue, earnings, balance sheet positions, cash flows, and share repurchase activity, as part of its quarterly report on Form 10-Q.