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AI brief of an SEC Form 8-K · NOW (DNOW)

DNOW posts 2025 net loss of $89 million as revenue rises to $2.82 billion

Mixed Impact 4 of 5 earnings Written later

DNOW reported fourth-quarter and full-year 2025 results, the first to include its completed merger with MRC Global, which closed on November 6, 2025. Full-year revenue rose to $2.82 billion from $2.37 billion, but a GAAP net loss of $89 million, or $(0.76) per diluted share, was driven mainly by transaction charges, and adjusted diluted EPS fell to $0.86 from $0.91.

Key points

  • Full-year 2025 revenue was $2,820 million versus $2,373 million in 2024
  • Fourth-quarter net loss attributable to DNOW was $147 million, or $(0.95) per diluted share, primarily due to transaction charges
  • Fourth-quarter adjusted net income was $23 million, or $0.15 per diluted share, versus $0.25 a year earlier
  • First-year merger cost synergies are projected at $23 million, and the $70 million three-year synergy commitment is unchanged

The filing

CompanyNOW (DNOW)
Form8-K, current report
Filed with the SECFeb 20, 2026, 6:56 AM ET
Accession number0001193125-26-060320

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.