Short answer
Dow Inc. (DOW) filed its fiscal 2025 10-K annual report with the SEC on Feb 3, 2026. It reported revenue of $40.0B (−7.0% year over year) and net income of −$2.6B.
- Top risk flagged: Legal risk from Alberta Court judgment ordering Nova Chemicals to pay $1.2B for damages through June 2018
FY2025 key financial metrics · XBRL
- Revenue
- $40.0B
- −7.0% YoY
- Net income
- −$2.6B
- −335.0% YoY
- EPS (diluted)
- −$3.70
- −335.7% YoY
- ROE
- -16.4%
- −22.8 pp YoY
- Operating cash flow
- $1.0B
- −64.6% YoY
Source: XBRL data from the Dow Inc. (DOW) FY2025 10-K on SEC EDGAR. USD.
Dow Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model details omitted per Form 10-K General Instruction I, no direct product or service disclosure
- Reliance on 2026 Proxy Statement for executive compensation, stock ownership, related transactions, and auditor fees
- No new products, services, segments, or strategic shifts disclosed in Business section this year
- Filing integrates 2025 consolidated financial statements and auditor report from Deloitte & Touche LLP
- Unusual filing format: business info replaced by references to Proxy Statement due to regulatory instruction
Management Discussion & Analysis
- Environmental remediation liability $1,011M at Dec 31, 2025, down from $1,113M at Dec 31, 2024
- Remediation costs charged to income $63M in 2025 vs $197M in 2024; environmental operating costs $819M in 2025 vs $823M in 2024
- Environmental capex $226M in 2025, up from $208M in 2024
- Midland and Wood-Ridge site liabilities $277M in 2025, with $40M spent on remediation vs $303M and $45M in 2024
- Potential remediation cost range up to 2x accrued liability; material impact risk considered remote by management
Risk Factors
- Legal risk from Alberta Court judgment ordering Nova Chemicals to pay $1.2B for damages through June 2018
- Macroeconomic exposure from 7% net sales decline in 2025 due to local price decreases across all segments and regions
- Supply chain vulnerability in Latin America with $303M impairment on chlor-alkali, propylene oxide, and brine production assets
- Competitive threat from joint venture margin compression causing equity losses of $240M in 2025, up from $6M in 2024
- Financial risk from negative net income $2.6B in 2025 vs positive $1.1B in 2024 and dividend cut by 50% in Q3 2025
Generated from the filing text; verify against the original. How to read a 10-K
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