Dnow (DNOW) Q3 FY2026 earnings: revenue $1.3 billion, up 110.9% on the year
Dnow Inc. (DNOW) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 110.9% on the same quarter a year earlier. Net income was $26 million, up 13.0% on the year, and diluted earnings per share $0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$1.3 billion
+110.9% on the year · +2.3% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
2.5%
4.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
$26 million
+13.0% on the year
Q4 FY2024Q3 FY2026
Diluted EPS
$0.14
-33.3% on the year
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Revenue rose sequentially and year on year: Revenue was $1,337 million, against $1,307 million in the second quarter and $634 million a year earlier. Nine-month revenue was $3,827 million, against $1,861 million.
Adjusted EBITDA reached $76 million: Adjusted EBITDA was $76 million, or 5.7% of revenue, against $60 million or 4.6% in the second quarter. Management said it was nearly double first-quarter results.
All three geographic segments grew sequentially: Management said sales increased sequentially in all three geographic segments, with growth in the downstream, industrial and midstream businesses.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
120
133
43.0
-9.8%
+179.1%
Capital expenditure
14.0
9.0
4.0
+55.6%
+250.0%
Free cash flow
106
124
39.0
-14.5%
+171.8%
Free cash flow margin
7.9%
9.5%
6.2%
Cash from investing
-10.0
-8.0
-3.0
Cash from financing
-113
-125
-5.0
Depreciation and amortisation
24.0
23.0
11.0
+4.3%
+118.2%
Share-based compensation
6.0
5.0
4.0
+20.0%
+50.0%
Buybacks
17.0
25.0
0.0
-32.0%
Diluted shares, weighted
182m
182m
106m
-0.5%
+71.9%
Shares outstanding at period end
180m
181m
105m
-0.3%
+71.7%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
2,117
2,093
1,182
+1.1%
+79.1%
Non-controlling interest
4.0
5.0
3.0
-20.0%
+33.3%
Debt
377
474
0.0
-20.5%
Operating lease liabilities
102
109
25.0
-6.4%
+308.0%
Other liabilities
1,119
1,135
450
-1.4%
+148.7%
Total liabilities and equity
3,719
3,816
1,660
-2.5%
+124.0%
Fixed assets
253
257
149
-1.6%
+69.8%
Goodwill
709
700
235
+1.3%
+201.7%
Intangible assets
550
556
60.0
-1.1%
+816.7%
Cash and equivalents
112
114
266
-1.8%
-57.9%
Receivables
878
889
429
-1.2%
+104.7%
Inventory
988
1,062
377
-7.0%
+162.1%
Other assets
229
238
144
-3.8%
+59.0%
Total assets
3,719
3,816
1,660
-2.5%
+124.0%
Questions
What was Dnow's revenue in Q3 FY2026?
Dnow (DNOW) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 110.9% on the same quarter a year earlier.
How much did Dnow earn in Q3 FY2026?
Net income for Q3 FY2026 was $26 million, up 13.0% on the year, and diluted earnings per share $0.14.
When did Dnow report Q3 FY2026 results?
Dnow filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.