DNOW Inc. (DNOW) reported second-quarter 2026 revenue of $1.307 billion for the period ended June 30, 2026, up from $1.183 billion in the first quarter of 2026. The company reported a net loss attributable to DNOW Inc. of $21 million, or $0.11 per diluted share.
DNOW said cash flow from operating activities was $133 million in the quarter. The company repurchased $25 million of common stock during the quarter and $75 million year-to-date under its $160 million share repurchase program.
- Revenue was $1.307 billion in the second quarter of 2026.
- Gross profit was $243 million, or 18.6% of revenue.
- Adjusted EBITDA was $60 million, or 4.6% of revenue.
- Cash and cash equivalents were $114 million at June 30, 2026.
- Total long-term debt was $474 million, with net debt of $360 million.
- Net debt leverage ratio was 1.7x at quarter-end.
$DNOW Hedge Fund Activity
We have seen 124 institutional investors add shares of $DNOW stock to their portfolio, and 169 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOSTON PARTNERS removed 7,859,416 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $93,605,644
- WELLINGTON MANAGEMENT GROUP LLP added 6,065,969 shares (+56.1%) to their portfolio in Q1 2026, for an estimated $72,245,690
- ENGINE CAPITAL MANAGEMENT, LP added 5,165,862 shares (+inf%) to their portfolio in Q1 2026, for an estimated $61,525,416
- FIRST TRUST ADVISORS LP added 3,898,758 shares (+2335.0%) to their portfolio in Q1 2026, for an estimated $46,434,207
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,764,074 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $44,830,121
- BAUPOST GROUP LLC/MA added 3,625,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $43,173,750
- GREENHAVEN ASSOCIATES INC added 3,519,130 shares (+426.8%) to their portfolio in Q2 2026, for an estimated $45,643,116
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
