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

DNOW Q1 2026 Revenue Rises to $1.18 Billion; Net Loss of $44 Million

Mixed Impact 4 of 5 earnings Written later

DNOW reported first-quarter 2026 revenue of $1,183 million, up from $599 million a year earlier, as it completed its first full quarter with MRC Global. The company swung to a net loss of $44 million, or $0.24 per diluted share, from net income of $21 million a year earlier, and adjusted EPS fell to $0.01 from $0.22, which matters to shareholders because profit weakened despite the larger revenue base.

Key points

  • Revenue was $1,183 million versus $599 million in Q1 2025 and $959 million in Q4 2025.
  • Net loss attributable to DNOW Inc. was $44 million, or $(0.24) per diluted share; adjusted EPS was $0.01 versus $0.22 a year earlier.
  • Adjusted EBITDA was $39 million, or 3.3% of revenue, compared with $46 million a year earlier.
  • The company repurchased $50 million of common stock under a $160 million program and completed the $46 million Edge Controls acquisition in February.

The filing

CompanyNOW (DNOW)
Form8-K, current report
Filed with the SECMay 7, 2026, 6:57 AM ET
Accession number0001193125-26-210260

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing 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 May 07, 2026.

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