Stock research
ServiceNow runs a cloud workflow platform that automates IT, HR, and customer-service processes for large organizations.
For the fiscal year ended December 31, 2025, ServiceNow, Inc. reported revenue of $13.3B and net income of $1.7B, with operating cash flow of $5.4B. Source: Form 10-K filed January 29, 2026
Reviewed · SEC data as of
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
Delayed Cboe One market data via TradingView. It may differ from primary-exchange or consolidated quotes.
It has emerged as a prominent vendor of enterprise AI-driven workflow automation.
Reported figures from ServiceNow, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $13.3B | 2025-01-01 – 2025-12-31 | SEC filing |
| Net income | $1.7B | 2025-01-01 – 2025-12-31 | SEC filing |
| Operating cash flow | $5.4B | 2025-01-01 – 2025-12-31 | SEC filing |
| Diluted EPS | $1.67 | 2025-01-01 – 2025-12-31 | SEC filing |
| Net margin | 13.2% | 2025-01-01 – 2025-12-31 | SEC filing |
| Shares outstanding | 1.05B | As of 2026-01-23 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
For ServiceNow, Inc., the most important recurring operating and market variables are:
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
Remaining performance obligations were $28.2 billion at year-end 2025, up 27%, with 46% expected to convert within twelve months. Because subscriptions are recognized ratably, Item 1A warns that slower new business would show up late in reported revenue, so track RPO and cRPO growth against total revenue of $13.3 billion.
Item 1 says certain AI and data products carry a consumption-based component once usage exceeds subscribed credits, a departure from seat-based subscriptions. Watch how much revenue is recognized upfront from software licenses, which was $492 million in 2025, and whether the 97% subscription mix holds as Now Assist scales.
The company had 603 customers with annual contract value above $5 million at the end of 2025, up from 502 a year earlier, out of roughly 8,700 total customers. Compare this cohort's growth with total revenue growth of 21% to see whether expansion within existing enterprises or new logos is doing the work.
Audited 2025 net income was $1.7 billion, or $1.67 per diluted share, on $13.3 billion of revenue, with gross margin of 78%. Read the operating expense discussion in Item 7 for headcount and cost of subscription trends, and Item 1A for the stated expectation that growth rates decline over the long term.
Operating cash flow was $5.4B, 3.11 times net income of $1.7B, for the fiscal year ended December 31, 2025.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
Net income was 13.2% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
Members-only research
Sep 22, 2026
Meta jumped 11%. What must happen next to justify the price?A member research report on Meta’s AI rally: Muse, subscription economics, the cash-flow burden, legal costs and the earnings assumptions behind the new price.
Sep 9, 2026
Seagate: More Terabytes, Better EconomicsA retrospective case study of Seagate’s capacity-density thesis as of January 28, 2026, separating known qualifications and financials from an uncertain next phase.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchHow we source and review company pages: research methodology.
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Josh Gottheimer | 2026-04-24 | Sale | Joint | $1,001 - $15,000 | Filing #20034585 |
| Gilbert Cisneros | 2026-04-14 | Sale | Self | $1,001 - $15,000 | Filing #20034500 |
| Alan Armstrong | 2026-03-27 | Sale | Self | $15,001 - $50,000 | Filing #fda235b3-bad7-4637-8fa1-053f354d929c |
| Josh Gottheimer | 2026-03-06 | Purchase | Joint | $1,001 - $15,000 | Filing #20034305 |
| Byron Donalds | 2026-02-10 | Purchase | Self | $1,001 - $15,000 | Filing #20034134 |
| Byron Donalds | 2026-02-10 | Purchase | Spouse | $1,001 - $15,000 | Filing #20034134 |
| Josh Gottheimer | 2026-01-30 | Sale | Joint | $1,001 - $15,000 | Filing #20033930 |
| Josh Gottheimer | 2025-12-17 | Sale | Joint | $1,001 - $15,000 | Filing #20033756 |
| Julie Johnson | 2025-12-08 | Sale | Joint | $1,001 - $15,000 | Filing #20035035 |
| Julie Johnson | 2025-12-08 | Purchase | Joint | $1,001 - $15,000 | Filing #20035035 |
All verified NOW congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
ServiceNow runs a cloud workflow platform that automates IT, HR, and customer-service processes for large organizations.
For the fiscal year ended December 31, 2025, ServiceNow, Inc. reported revenue of $13.3B and net income of $1.7B, with operating cash flow of $5.4B. The figures come from ServiceNow, Inc.'s SEC XBRL filings.
The SEC lists ServiceNow, Inc.'s fiscal year end as December 31.
The current verified House and Senate snapshot contains 37 transaction rows for NOW, each linked to the original filing.
ServiceNow, Inc. is headquartered in Santa Clara, California and was founded in 2004.
This page does not rate NOW as a buy or sell. It sets out what ServiceNow, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
Members-only research
$39/mo or $249/yr · cancel future renewals anytime · sources included