DNOW at a glance
DNOW Inc. (DNOW, SEC CIK 1599617) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as August 12, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), DNOW Inc. (DNOW) reported revenue of $2.8 billion (up 18.8% from FY2024) and a net loss of $89.0 million. Diluted EPS was -$0.76.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding DNOW Inc. (DNOW) shares worth $1.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Johnson Mark B on August 10, 2026 of 21,985 shares at $16.79 per share.
- In the last 90 days, DNOW insiders reported 0 open-market purchases ($0) and 7 open-market sales ($7.5M) on Form 4, a net sale of $7.5M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.8B
- +18.8% vs prior year
- Insiders · 90 days
- 0 buys · 7 sells
- Net −$7.5M
- 13F holders
- 31 funds
- $1.1B · +1 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Distributor of energy sector products and services across Upstream, Midstream, Gas Utilities, and Downstream/Industrial markets
- New acquisition emphasized: November 2025 acquisition of MRC Global expanding international footprint and product offerings, especially in Midstream and Gas Utilities
- Strategic shift: Focus on energy transition investments and expanding into non-oil and gas markets like mining and data centers, partnering for new energy solutions
- Quantitative highlight: Revenue up 18.8% to $2.82B driven by acquisitions; Midstream sector revenue grew 31%, Downstream/Industrial up 41%; adjusted gross profit increased by $102M
- Noteworthy fact: Despite revenue gains, 2025 operating loss of $93M vs prior year $109M profit due to inventory transaction charges, LIFO inventory effects, and acquisition costs
Risk Factors
- Legal risk: Exposure to asbestos-related lawsuits with potential material adverse effects on DNOW's financials
- Macroeconomic threat: U.S. rig count fell from 589 to 546 rigs in 2025, impacting capital expenditures and product demand
- Supply chain vulnerability: No long-term contracts with most suppliers risks inventory shortages and cost increases
- Competitive risk: Risk from manufacturers selling directly to customers, bypassing DNOW’s distribution channel
- Financial risk: Dependence on acquiring additional capital with no assurance of availability on acceptable terms
Management Discussion & Analysis
- Revenue not explicitly stated; key drivers include oil/gas demand, commodity prices, energy infrastructure modernization, and economic conditions
- No cash flow, buybacks, dividends or capex amounts mentioned
- Forward outlook highlights risks from commodity price fluctuations, supply chain disruptions, and transition to alternative energy sources
AI summary of the DNOW 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $1,307M, up 108.1% YoY from $628M
- Gross profit $243M vs $129M YoY; adjusted EBITDA $60M vs $51M
- U.S. segment revenue $1,109M vs $528M; operating loss $8M vs $15M profit
- Net loss attributable to DNOW $21M vs $14M net income
- Headwinds: steel tariffs, project delays or cancellations, and lower natural gas prices at $2.95/MMBtu
Risk Factors
- No risk-factors section provided; submitted text contains Items 2–6 only
- Share-repurchase liquidity allocation: $112 million deployed during the quarter, leaving $48 million authorized
- Repurchase execution concentration: 1,704,991 shares purchased in June at $13.57 average price
- Regulatory exposure: 1% excise tax applies to publicly announced share repurchases
AI summary of the DNOW 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 fiscal 2026 earnings for quarter ended June 30, 2026, announced August 6, 2026
- Detailed financial results and management commentary contained in Exhibit 99.1 press release
Item EX-99.1: Item EX-99.1
- Q2 revenue $1,307M, up 10% sequentially, with U.S. revenue rising 13%
- Adjusted EBITDA $60M, up 54% sequentially, but margin declined to 4.6% from 8.1% year-ago
Item 5.07: Submission of Matters to a Vote of Security Holders
- All nine director nominees re-elected to one-year terms expiring in 2027
- KPMG LLP auditor appointment ratified for 2026, with 170,813,460 votes for
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 earnings results for period ended March 31, 2026
- Press release dated May 7, 2026 contains the substantive financial results
AI summaries of DNOW 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for DNOW
Don't miss the next DNOW filing
- Alerts as it files. A push when DNOW files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut DNOW, by share count.
- Ask anything. An AI agent that reads every DNOW filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Chang Raymond W | M | Aug 10, 2026 | 32,617 | - |
| Johnson Mark B | M | Aug 10, 2026 | 50,181 | $10.26 |
| Chang Raymond W | M | Aug 10, 2026 | 32,617 | $10.26 |
| Chang Raymond W | M | Aug 10, 2026 | 43,621 | - |
| Johnson Mark B | M | Aug 10, 2026 | 21,985 | $9.53 |
| Johnson Mark B | Sell | Aug 10, 2026 | 21,985 | $16.79 |
| Chang Raymond W | M | Aug 10, 2026 | 43,621 | $9.53 |
| Chang Raymond W | Sell | Aug 10, 2026 | 43,621 | $16.98 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.4B | $2.8B |
| Gross Profit | - | $531.0M | $478.0M |
| Operating Income | - | $113.0M | -$93.0M |
| Net Income | - | $81.0M | -$89.0M |
| Gross Margin | - | 22.4% | 17.0% |
| Op. Margin | - | 4.8% | -3.3% |
| Net Margin | - | 3.4% | -3.2% |
| Balance Sheet | |||
| Total Assets | - | $1.6B | $3.9B |
| Equity | - | $1.1B | $2.2B |
| ROE | - | 7.2% | -4.0% |
| Per Share | |||
| EPS | $2.24 | $0.74 | $-0.76 |
| Cash Flow | |||
| Operating CF | - | $298.0M | $155.0M |
| CapEx | $17.0M | $9.0M | $21.0M |
Source: XBRL data in DNOW Inc. (DNOW)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate DNOW share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.11B |
| Q1 2026 | 30 | $1.07B |
| Q4 2025 | 27 | $1.21B |
| Q3 2025 | 29 | $874.0M |
| Q2 2025 | 29 | $871.9M |
| Q1 2025 | 26 | $691.3M |
| Q4 2024 | 22 | $467.1M |
| Q3 2024 | 19 | $293.2M |
- Millennium Management+646.1K (+224%)
- Bank of America Corp+539.4K (+38%)
- Citadel Advisors LLC+349.7K (+54%)
- Renaissance Technologies LLC+239.8K (+5%)
- AQR Capital Management+214.9K (+563%)
- Dimensional Fund Advisors−2.43M (-23%)
- Ameriprise Financial−1.04M (-64%)
- Goldman Sachs Group−950.1K (-43%)
- Baupost Group−837.0K (-23%)
- BlackRock−783.1K (-3%)
- Two Sigma Investments+52.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 213 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
DNOW filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 8-K | May 20, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Mar 13, 2026 | - | - | - |
| 8-K | Feb 27, 2026 | - | Analysis | - |
| 10-K | Feb 26, 2026 | Dec 31, 2025 | Analysis | |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
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DNOW SEC filings: frequently asked questions
Are DNOW insiders buying or selling?
In the last 90 days, DNOW Inc. (DNOW) officers, directors and 10% owners reported no open-market purchases and 7 open-market sales worth $7.5 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold DNOW stock?
As of June 30, 2026, the largest DNOW Inc. (DNOW) holders among the 13F filers tracked by SignalX were BlackRock ($374.9 million), Vanguard Portfolio Management LLC ($134.9 million), Vanguard Capital Management LLC ($106.4 million), Dimensional Fund Advisors ($103.2 million), State Street Corp ($94.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was DNOW's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), DNOW Inc. (DNOW) reported revenue of $2.8 billion (up 18.8% from FY2024) and a net loss of $89.0 million. Diluted EPS was -$0.76. The figures come from the XBRL data in the 10-K.
What are the main risks in DNOW's latest 10-K?
In the 10-K filed February 26, 2026, DNOW Inc. (DNOW) flagged: Legal risk: Exposure to asbestos-related lawsuits with potential material adverse effects on DNOW's financials. Macroeconomic threat: U.S. rig count fell from 589 to 546 rigs in 2025, impacting capital expenditures and product demand. (AI summary of the Risk Factors section.)
What did DNOW report in its latest 8-K?
DNOW Inc. (DNOW) filed an 8-K on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 fiscal 2026 earnings for quarter ended June 30, 2026, announced August 6, 2026.
What are the latest DNOW SEC filings?
DNOW Inc. (DNOW) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on August 12, 2026.
What is DNOW's SEC CIK number?
DNOW Inc. (DNOW)'s SEC Central Index Key (CIK) is 1599617. EDGAR lists every DNOW filing under that number.
Ask anything about DNOW
The research agent reads DNOW's filings, financials, insider trades and 13F holders, then answers with sources.