The company said subscription revenues for Q1 2025 rose to $3,005 million, up 19% year over year (20% in constant currency), and total revenues rose to $3,088 million, up 18.5% (19.5% in constant currency).

1. 01

   The company said subscription revenues for Q1 2025 rose to $3,005 million, up 19% year over year (20% in constant currency), and total revenues rose to $3,088 million, up 18.5% (19.5% in constant currency).

2. 02

   ServiceNow said current remaining performance obligations (cRPO), contract revenue to be recognized over the next 12 months, stood at $10.31 billion as of March 31, 2025, up 22% year over year, and remaining performance obligations (RPO) were $22.1 billion, up 25%. It said there were 508 customers with more than $5 million in annual contract value (ACV).

3. 03

   The company reported GAAP operating income of $451 million for Q1 2025 (operating margin of 14.5%), net income of $460 million ($2.20 per diluted share), and non-GAAP operating income of $953 million (31% margin).

4. 04

   ServiceNow said net cash provided by operating activities for Q1 2025 was $1,677 million and free cash flow was $1,477 million (48% margin). It said it repurchased approximately 316,000 shares for $298 million in the same quarter, with $3 billion of the $4.5 billion authorization remaining.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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