Nutanix, Inc. NTNX
Nutanix, Inc. ("we," "us," "our," or "Nutanix") is a hybrid multicloud computing leader, offering organizations a unified software platform for running applications and AI and managing data anywhere. Our vision is to simplify the deployment and operation of the increasingly distributed landscape of apps and data while freeing organizations to focus on business goals. Our mission is to delight customers with an open, secure platform with rich data services that increases their ability to take advantage of new technologies such as cloud native and AI, optimizes how they run their organizations today, and accelerates innovation, efficiency, and growth.
The Nutanix Cloud Platform is designed to enable organizations to build hybrid multicloud infrastructure, providing a consistent cloud operating model with a single platform for running applications and managing data in core data centers, at the edge, and in public clouds, while supporting customer choice across server platforms, storage options, public and managed clouds, and container and virtualization platforms. The Nutanix Cloud Platform supports a wide variety of workloads with varied compute, storage, and network requirements, including business-critical applications, data platforms (including SQL, NoSQL, and vector databases and business intelligence applications), enterprise AI workloads (including machine learning, generative AI, and agentic AI), general-purpose workloads (including system infrastructure, networking, and security), end-user computing and virtual desktop infrastructure services, and cloud native applications (including modern, containerized applications).
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- U.S.
- Europe, the Middle East and Africa
- Asia Pacific
- Other Americas
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| U.S. | $1.41B | $1.19B | $1.04B |
| Europe, the Middle East and Africa | $685.6M | $563.3M | $471.4M |
| Asia Pacific | $392.7M | $349.0M | $309.1M |
| Other Americas | $50.2M | $47.4M | $43.1M |
As the company reported it, from the “Segment Information - Schedule of Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.15B | $1.86B | $1.58B | $1.39B | $1.31B | $1.24B | $1.16B | $845.9M | $503.4M |
| Cost of revenue | $334.8M | $324.1M | $332.2M | $321.2M | $291.9M | $286.7M | $304.1M | $386.0M | $327.3M | $170.8M |
| Gross profit | $2.20B | $1.82B | $1.53B | $1.26B | $1.10B | $1.02B | $932.0M | $769.4M | $518.6M | $332.6M |
| R&D | $736.8M | $639.0M | $581.0M | $573.0M | $558.0M | $554.0M | $500.7M | $313.8M | $288.6M | $116.4M |
| SG&A | $237.3M | $200.9M | $232.2M | $166.4M | $153.8M | $135.5M | $119.6M | $86.4M | $77.3M | $34.3M |
| Total operating expenses | $2.03B | $1.82B | $1.74B | $1.72B | $1.76B | $1.85B | $1.53B | $1.05B | $867.0M | $437.2M |
| Operating income | $172.5M | $7.6M | -$207.2M | -$458.9M | -$662.1M | -$828.9M | -$598.0M | -$280.4M | -$348.4M | -$104.6M |
| Pre-tax income | $211.6M | -$101.3M | -$233.6M | -$779.7M | -$1.02B | -$855.2M | -$613.1M | -$289.7M | -$374.8M | -$105.9M |
| Income tax | $23.3M | $23.5M | $21.0M | $19.3M | $18.5M | $17.7M | $8.1M | $7.4M | $4.9M | $2.3M |
| Net income | $188.4M | -$124.8M | -$254.6M | -$798.9M | -$1.04B | -$872.9M | -$621.2M | -$297.2M | -$379.6M | -$108.2M |
| EPS, basic | 0.70 | -0.51 | -1.09 | -3.62 | -5.02 | -4.48 | — | — | — | — |
| EPS, diluted | 0.65 | -0.51 | -1.09 | -3.62 | -5.02 | -4.48 | -3.43 | -1.81 | -2.96 | -2.46 |
| Shares, diluted (wtd. avg.) | 294,083 | 244,743 | 233,247 | 220,529 | 206,475 | 194,719 | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $769.5M | $655.3M | $512.9M | $405.9M | $288.9M | $322.0M | $399.5M | $307.1M | $139.5M | $99.4M |
| Short-term investments | $1.22B | $339.1M | $924.5M | $921.4M | $928.0M | $401.0M | $512.2M | $628.3M | $210.7M | $86.0M |
| Receivables | $338.0M | $229.8M | $157.3M | $124.6M | $180.8M | $242.5M | $245.5M | $258.3M | $178.9M | $110.7M |
| Total current assets | $2.59B | $1.48B | $1.86B | $1.66B | $1.56B | $1.09B | $1.28B | $1.26B | $580.1M | $329.9M |
| Property, plant and equipment | $142.8M | $136.2M | $111.9M | $113.4M | $131.6M | $143.2M | $137.0M | $85.1M | $58.1M | $42.2M |
| Goodwill | $185.2M | $185.2M | $184.9M | $185.3M | $185.3M | $185.3M | $185.2M | $87.8M | $16.7M | $0 |
| Other intangibles | $2.6M | $5.2M | $4.9M | $15.8M | $32.0M | $49.4M | $66.8M | $45.4M | $26.0M | $0 |
| Total assets | $3.28B | $2.14B | $2.53B | $2.37B | $2.28B | $1.77B | $1.79B | $1.60B | $738.2M | $399.1M |
| Accounts payable | $81.6M | $45.1M | $29.9M | $44.9M | $47.1M | $54.0M | $74.0M | $65.5M | $73.7M | $52.1M |
| Total current liabilities | $1.41B | $1.24B | $1.14B | $1.16B | $927.9M | $760.2M | $599.3M | $458.2M | $311.1M | $212.8M |
| Total liabilities | $3.98B | $2.87B | $3.23B | $3.17B | $3.29B | $2.04B | $1.60B | $1.27B | $521.1M | $465.0M |
| Retained earnings | -$4.90B | -$4.85B | -$4.63B | -$4.38B | -$100.6M | -$2.52B | -$1.65B | -$1.03B | -$731.0M | -$441.9M |
| Total equity | -$694.5M | -$728.1M | -$707.4M | -$800.5M | -$1.02B | -$282.6M | $186.9M | $326.8M | $217.1M | -$285.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $821.5M | $672.9M | $272.4M | $67.5M | -$99.8M | -$159.9M | $42.2M | $92.5M | $14.8M | $3.6M |
| Depreciation and amortisation | $72.7M | $73.2M | $76.4M | $88.0M | $94.4M | $93.8M | $77.6M | $50.3M | $38.4M | $26.4M |
| Stock-based compensation | $351.6M | $333.8M | $311.7M | $343.2M | $358.5M | $352.0M | $306.7M | $177.9M | $231.5M | $20.1M |
| Capital expenditure | $71.3M | $75.3M | $65.4M | $49.1M | $58.6M | $89.5M | $118.5M | $62.4M | $50.2M | $42.3M |
| Investing cash flow | -$951.7M | $529.6M | -$49.8M | -$54.2M | -$597.2M | $24.6M | -$16.9M | -$503.6M | -$176.1M | -$46.5M |
| Financing cash flow | $244.1M | -$1.06B | -$112.7M | $103.6M | $663.8M | $57.8M | $67.1M | $578.6M | $201.4M | $74.2M |
| Buybacks | $307.9M | $131.1M | $0 | $58.6M | $125.1M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-213801.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $503.4M | $845.9M | $1.16B | $1.24B | $1.31B | $1.39B | $1.58B | $1.86B | $2.15B | $2.54B |
| Gross profit | $332.6M | $518.6M | $769.4M | $932.0M | $1.02B | $1.10B | $1.26B | $1.53B | $1.82B | $2.20B |
| Net income | -$108.2M | -$379.6M | -$297.2M | -$621.2M | -$872.9M | -$1.04B | -$798.9M | -$254.6M | -$124.8M | $188.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Results announced Item 2.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced Item 2.02
- Unregistered share sale Item 3.02
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |