Servicenowreason 04 of 4a reason to hold, not a barrierderived 2026-09-11accession 0001373715-26-000076
We have generated positive operating cash flows for more than ten years
Net cash provided by operating activities was $2,257 million for the six months ended June 30, 2026
We expect sales and marketing expenses for the year ending December 31, 2026 to decrease slightly as a percentage of revenue compared to the year ended December 31, 2025, as we continue to see leverage from increased sales productivity and marketing efficiencies
We expect G&A expenses to increase in absolute dollars but remain relatively flat as a percentage of revenue as we continue to see leverage from continued G&A productivity
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“We have generated positive operating cash flows for more than ten years”
“Net cash provided by operating activities was $2,257 million for the six months ended June 30, 2026”
“We expect sales and marketing expenses for the year ending December 31, 2026 to decrease slightly as a percentage of revenue compared to the year ended December 31, 2025, as we continue to see leverage from increased sales productivity and marketing efficiencies”
“We expect G&A expenses to increase in absolute dollars but remain relatively flat as a percentage of revenue as we continue to see leverage from continued G&A productivity”
what it was checked against
liquidity and operations stability
“We have not experienced any impact to our liquidity or to our current and projected business operations and financial condition due to recent macroeconomic events.”