Overview
Dow Inc. Financial Statements FY2024-FY2026Q3
Dow's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 8-K filings and version-controlled in git. Part of th… Ledger notes
Financial position
Net worth and the accounts that make it up
Money movement
Monthly income and spending by account category
Recent activity
Posting-aware activity from the journal
Income vs Expenses
Period data
| Period | Income | Expenses | Net Profit |
|---|---|---|---|
| 2024-12-31 | 43,579 MUSD | 42,463 MUSD | 1,116 MUSD |
| 2025-01-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-02-28 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-03-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-04-30 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-05-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-06-30 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-07-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-08-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-09-30 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-10-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-11-30 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2025-12-31 | 40,260 MUSD | 42,883 MUSD | -2,623 MUSD |
| 2026-01-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-02-28 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-03-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-04-30 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-05-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-06-30 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-07-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-08-31 | 0 MUSD | 0 MUSD | 0 MUSD |
| 2026-09-30 | 11,379 MUSD | 10,921 MUSD | 458 MUSD |
Balance Sheet
Breakdown
| Account | Amount | Share of total |
|---|---|---|
| Assets:NonCurrent:PropertyPlantEquipment | 22,398 MUSD | 36.75% |
| Assets:NonCurrent:Other | 3,491 MUSD | 5.73% |
| Assets:NonCurrent:OperatingLeaseRightOfUse | 1,304 MUSD | 2.14% |
| Assets:NonCurrent:LongTermInvestments | 3,201 MUSD | 5.25% |
| Assets:NonCurrent:IntangibleAssets | 1,318 MUSD | 2.16% |
| Assets:NonCurrent:Goodwill | 7,945 MUSD | 13.03% |
| Assets:NonCurrent:EquityMethodInvestments | 1,119 MUSD | 1.84% |
| Assets:Current:Other | 3,121 MUSD | 5.12% |
| Assets:Current:Inventory | 7,024 MUSD | 11.52% |
| Assets:Current:Cash | 4,142 MUSD | 6.8% |
| Assets:Current:AccountsReceivable | 5,890 MUSD | 9.66% |
Breakdown
| Account | Amount | Share of total |
|---|---|---|
| Liabilities:NonCurrent:Other | 14,022 MUSD | 32.37% |
| Liabilities:NonCurrent:OperatingLeases | 1,028 MUSD | 2.37% |
| Liabilities:NonCurrent:LongTermDebt | 16,778 MUSD | 38.73% |
| Liabilities:Current:ShortTermDebt | 761 MUSD | 1.76% |
| Liabilities:Current:Other | 3,728 MUSD | 8.61% |
| Liabilities:Current:AccountsPayable | 6,663 MUSD | 15.38% |
| Other | 341 MUSD | 0.79% |
Cash Flow
Loading account roles…
Dow Inc. (DOW) Financial Statements in Beancount — Open Ledger
Dow's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 8-K filings and version-controlled in git. Part of the Open Ledger project on beancount.io.
Browse it live: beancount.io/ledger/open_ledger/dow
Latest analysis: Dow Q3 2026 Earnings: A 14% Pricing Quarter With a Volume Problem
Key Figures
| Period | Period end | Revenue | Net income |
|---|---|---|---|
| FY2024 | 2024-12-31 | 42,964 | 1,116 |
| FY2025 | 2025-12-31 | 39,968 | -2,623 |
| FY2026Q3 | 2026-09-30 | 11,267 | 458 |
Amounts in MUSD (millions of US dollars), exactly as the ledger records them.
What's Inside
| Period | File | Source |
|---|---|---|
| FY2024 | FY2024/FY2024.bean | Form 10-K for the fiscal year ended December 31, 2024 (Dow Inc. consolidated statements, not the TDCC statements printed in the same filing) |
| FY2025 | FY2025/FY2025.bean | Form 10-K for the fiscal year ended December 31, 2025 (Dow Inc. consolidated statements, not the TDCC statements printed in the same filing) |
| FY2026Q3 | FY2026/FY2026Q3.bean | Q3 2026 earnings release, Form 8-K Exhibit 99.1 (dow-20261022) |
Fiscal years end December 31. All figures sourced from Dow Inc. Form 10-K and Form 8-K filings (SEC EDGAR, CIK 0001751788). Each 10-K also prints statements for The Dow Chemical Company, the operating subsidiary; this ledger models Dow Inc., the listed parent, throughout. FY2026Q3 comes from the earnings release's full face statements (no Q3 10-Q filed yet), and history starts at FY2024, the earliest annual modeled.
Quick Start
uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
"SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.
Methodology
- Balance sheet —
pad/balancedirectives assert each period-end
figure against the filing named in that period file's source banner. - Income statement — one zero-sum transaction per period:
Income
negative (credit),Expensespositive (debit), with the arithmetic check in
a comment directly above it. - Unit —
MUSD;11,267 MUSDmeans 11,267 million US dollars. - Additional accounts —
Assets:Current:Inventory(inventories),
Assets:NonCurrent:EquityMethodInvestments(stakes in nonconsolidated
affiliates such as Sadara and the Kuwait joint ventures, beside the separate
fair-valueAssets:NonCurrent:LongTermInvestmentscaption),
Assets:NonCurrent:OperatingLeaseRightOfUsewith the matching current and
noncurrentLiabilities:*:OperatingLeases,Equity:TreasuryStock(a debit
balance) andEquity:NoncontrollingInterests(the Dow InfraCo stake sold in
2025),Expenses:AmortizationOfAcquiredIntangibles(the filing's own
amortization line),Expenses:ImpairmentsAndRestructuring(the filing's
restructuring, goodwill impairment and asset related charges line) and
Expenses:Interest(interest expense, large and separately presented). - Attribution — the noncontrolling-interest share of earnings is deducted
as the filing deducts it, so each income-statement offset is net income
available for Dow Inc. common stockholders, the line EPS is computed from.
Analysis
Corrections
Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.
About Open Ledger
Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.
Disclaimer
This ledger is an independent reconstruction of Dow Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Dow Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.