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
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.) | $294.1K | $244.7K | $233.2K | $220.5K | $206.5K | $194.7K | — | — | — | — |
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.
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