DNOW Q2 FY26 swings to GAAP net loss of $21 million; revenue rises 10% quarter-on-quarter to $1.31 billion
DNOW•Quarterly results
- DNOW posted a net loss attributable to stockholders of $21 million, or $0.11 per diluted share, on revenue of $1.31 billion.
- Adjusted EBITDA rose 54% sequentially to $60 million, while cash flow from operating activities reached $133 million.
Management commentary
CEO David Cherechinsky cited stronger collections and inventory streamlining as drivers of cash generation, with revenue up 10% sequentially.
Balance sheet and capital returns
- Net debt was $360 million at June 30, equating to a net debt leverage ratio of 1.7x.
- DNOW repurchased $25 million of common stock in the quarter, lifting year-to-date buybacks to $75 million under its $160 million program.
