DNOW Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
DNOW$13.73-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Inventories consist primarily of (in millions):
| December 31, | ||
|---|---|---|
| 2025 | 2024 (Revised) | |
| U.S. finished goods inventory at average cost | $1,078 | $287 |
| Outside U.S. finished goods inventory at average cost | 154 | 82 |
| Total finished goods inventory | 1,232 | 369 |
| Less: Excess of average cost over LIFO cost (LIFO reserve) | (27) | — |
| Less: Other inventory reserves | (13) | (17) |
| Inventories, net | $1,192 | $352 |
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