ServiceNow (NOW) Q1 2025 10-Q Quarterly Report
Filed: Apr 23, 2025Period ending Mar 31, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR ServiceNow (NOW) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 23, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
ServiceNow Q1 2025 10-Q Analysis
Risk Factors
- • New risk from increased contracts in foreign currencies, especially Euro and British Pound Sterling, causing greater revenue variability due to exchange rate fluctuations
- • Increased subscription cost of revenues by $120M driven by higher headcount and costs to support customers in regulated markets due to evolving data residency requirements
- • Legal risk: ongoing valuation allowance against California deferred tax assets due to uncertainty in realizing tax credits from research and development
- • Operational risk from seasonality: majority of contracts and renewals concentrate in Q4 and Q3, especially with U.S. federal government's increase in 12-month agreements, impacting revenue timing
- • Financial risk: $1.5B fixed-rate debt maturing in 2030 with $10.9B cash, equivalents, and investments supporting liquidity; $3.0B remaining authorized stock repurchase capacity as of March 31, 2025
ServiceNow Q1 2025 Quarterly FinancialsXBRL
Revenue
$3.1B
▲ +18.6% YoY
Net Income
$460M
▲ +32.6% YoY
Net Margin
14.9%
▲ +157bp YoY
Source: XBRL data from ServiceNow Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.
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