Short answer
ServiceNow (NOW) filed its Q1 2025 10-Q quarterly report on Apr 23, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $3.1B (up 18.6% year over year) with net income of $460M.
Q1 2025 key financials · XBRL
- Revenue
- $3.1B
- +18.6% YoY
- Net income
- $460M
- +32.6% YoY
- Operating margin
- 14.6%
- Gross margin
- 78.9%
- EPS (diluted)
- $2.20
- +31.7% YoY
Source: XBRL data from the ServiceNow (NOW) Q1 2025 10-Q on SEC EDGAR. USD.
ServiceNow Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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