DNOW Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-21.0M | $-44.0M | $-149.0M | $25.0M | $14.0M | $21.0M | $20.0M | $13.0M |
| Depreciation & Amortization | $23.0M | $23.0M | $20.0M | $11.0M | $10.0M | $11.0M | $10.0M | $8.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $5.0M | $5.0M | $17.0M | $4.0M | $4.0M | $4.0M | $4.0M | $3.0M |
| Net Cash from Operating Activities | $133.0M | $-95.0M | $83.0M | $43.0M | $45.0M | $-16.0M | $122.0M | $74.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.0M | $8.0M | $7.0M | $4.0M | $4.0M | $6.0M | $3.0M | $2.0M |
| Business Acquisitions | $0 | $46.0M | $566.0M | $0 | $8.0M | $0 | $114.0M | $0 |
| Net Cash from Investing Activities | $-8.0M | $-53.0M | $-571.0M | $-3.0M | $-11.0M | $-5.0M | $-114.0M | $-2.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $25.0M | $50.0M | $10.0M | $0 | $19.0M | $8.0M | $5.0M | $7.0M |
| Net Cash from Financing Activities | $-125.0M | $101.0M | $384.0M | $-5.0M | $-23.0M | $-17.0M | $-8.0M | $-10.0M |
| Net Change in Cash | $-2.0M | $-48.0M | $-102.0M | $34.0M | $13.0M | $-37.0M | $-5.0M | $64.0M |
| Free Cash Flow | $124.0M | $-103.0M | $76.0M | $39.0M | $41.0M | $-22.0M | $119.0M | $72.0M |