May. 15 at 5:46 PM
$NOW
- Trump discloses he bought
$1M-
$5M of
$NOW on 2/10 (which means between
$105-
$108, current price is
$91).
From Q1 ER:
- Q1 Revenue:
$3.770 billion, up 22% YoY
- Free cash flow margin: 44% in Q1 2026
- Now Assist customers spending over
$1 million in annual contract value grew over 130% YoY
- 97% retention rate
- Backlog grew to
$27.7B, up 25% YoY
- Raised 2026 guidance by
$205M
Management:
- CEO Bill McDermott has plans to buy
$3M worth of shares on the open market and tied his compensation closer with the stocks performance (while on a massive downtrend).
- CFO Gina Mastantuono has also opted for more equity based compensation instead of cash. Gina also canceled her planned selling.
- Notable moves by the CEO and CFO considering the stock is down roughly 60% from highs.
Partnerships:
-
$NOW has partnerships with all the top dogs such as
$NVDA,
$AMZN,
$GOOGL,
$MSFT, OpenAI, and Anthropic.
- 85% of Fortune 500 companies use
$NOW.
