Everpure, Inc. P
Everpure, formerly known as Pure Storage, is a global technology company providing an integrated storage and data management platform. Data is foundational to our customers' business transformation and increasingly central to their operational resilience and competitive differentiation. As data volumes expand and artificial intelligence (AI) becomes more deeply embedded in customers' operations, the ability to store, manage, govern, and derive greater value from their data is becoming as important as the infrastructure used to store it.
We began as a provider of flash-based storage systems. Over time, we have evolved into a company that delivers a cloud experience with an intelligent, unified storage and data management platform (the Everpure Platform) that virtualizes data across on-premises, hybrid and public cloud, and edge environments into a single storage layer with consistent control, built-in automation and continuous modernization. We are executing a focused strategy to modernize and simplify data infrastructure for customers as AI adoption increases and power, space, and operational constraints intensify. Our vision of an all-flash data center integrates our foundation of simplicity and reliability with four major market trends that are impacting all organizations:
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 | $3.66B | $3.17B | $2.83B | $2.75B | $2.18B | $1.68B | $1.64B | $1.36B | $1.02B | $739.2M |
| Cost of revenue | $1.08B | $955.5M | $809.4M | $855.8M | $708.3M | $535.3M | $509.9M | $457.5M | $353.8M | $252.3M |
| Gross profit | $2.58B | $2.21B | $2.02B | $1.90B | $1.47B | $1.15B | $1.13B | $902.3M | $671.0M | $486.9M |
| R&D | $963.3M | $804.4M | $736.8M | $692.5M | $581.9M | $480.5M | $433.7M | $349.9M | $279.2M | $245.8M |
| SG&A | $318.4M | $286.2M | $252.2M | $238.0M | $190.0M | $182.5M | $163.2M | $137.5M | $95.2M | $84.7M |
| Total operating expenses | $2.46B | $2.13B | $1.97B | $1.81B | $1.57B | $1.41B | $1.32B | $1.07B | $838.4M | $708.2M |
| Operating income | $114.8M | $85.3M | $53.6M | $83.5M | -$98.4M | -$261.0M | -$191.3M | -$169.3M | -$167.4M | -$221.3M |
| Interest expense | $3.4M | $7.8M | $7.5M | $4.7M | $36.7M | $31.4M | $27.9M | $21.6M | $19.0K | $44.0K |
| Pre-tax income | $224.3M | $147.8M | $90.6M | $91.8M | -$128.5M | -$270.2M | -$194.7M | -$177.3M | -$156.0M | -$219.6M |
| Income tax | $36.1M | $41.1M | $29.3M | $18.7M | $14.8M | $11.9M | $6.3M | $1.1M | $3.9M | $1.9M |
| Net income | $188.2M | $106.7M | $61.3M | $73.1M | -$143.3M | -$282.1M | -$201.0M | -$178.4M | -$159.9M | -$221.5M |
| EPS, basic | 0.57 | 0.33 | 0.20 | 0.24 | -0.50 | -1.05 | -0.79 | — | — | — |
| EPS, diluted | 0.55 | 0.31 | 0.19 | 0.23 | -0.50 | -1.05 | -0.79 | -0.77 | -0.76 | -1.14 |
| Shares, diluted (wtd. avg.) | $343.0M | $342.7M | $332.6M | $339.2M | $285.9M | $267.8M | $252.8M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $854.9M | $723.6M | $702.5M | $591.4M | $476.7M | $347.7M | $377.9M | $463.8M | $258.8M | $196.4M |
| Short-term investments | — | — | — | — | — | $916.4M | $936.5M | $749.5M | $353.3M | — |
| Receivables | $944.8M | $680.9M | $662.2M | $612.5M | $542.1M | $460.9M | $458.6M | $378.7M | $243.0M | $169.0M |
| Inventory | $75.9M | $42.8M | $42.7M | $50.2M | $38.9M | $46.7M | $38.5M | $44.7M | $34.5M | $23.5M |
| Total current assets | $3.06B | $2.57B | $2.50B | $2.47B | $2.19B | $1.91B | $1.89B | $1.70B | $943.5M | $780.1M |
| Property, plant and equipment | $587.0M | $461.7M | $352.6M | $272.4M | $195.3M | $163.0M | $122.7M | $125.4M | $89.1M | $81.7M |
| Goodwill | $365.1M | $361.4M | $361.4M | $361.4M | $358.7M | $358.7M | $37.6M | $11.0M | $0 | — |
| Other intangibles | $7.3M | $19.1M | $33.0M | $49.2M | $62.6M | $76.6M | $58.3M | $20.1M | $5.1M | $6.6M |
| Total assets | $4.67B | $3.96B | $3.66B | $3.54B | $3.14B | $2.82B | $2.36B | $1.97B | $1.12B | $899.7M |
| Accounts payable | $153.3M | $112.4M | $82.8M | $67.1M | $70.7M | $67.5M | $77.7M | $103.5M | $84.4M | $52.7M |
| Short-term debt | $0 | $100.0M | $0 | $574.5M | $0 | — | — | — | — | — |
| Total current liabilities | $1.91B | $1.60B | $1.37B | $1.75B | $952.3M | $760.7M | $614.7M | $509.8M | $362.7M | $273.1M |
| Long-term debt | — | $0 | $100.0M | $0 | $786.8M | $755.8M | — | — | — | — |
| Total liabilities | $3.23B | $2.66B | $2.39B | $2.60B | $2.38B | $2.07B | $1.53B | $1.24B | $549.6M | $421.3M |
| Retained earnings | -$1.18B | -$1.37B | -$1.48B | -$1.54B | -$1.71B | -$1.57B | -$1.28B | -$1.08B | -$903.6M | -$802.5M |
| Total equity | $1.45B | $1.31B | $1.27B | $941.2M | $754.3M | $750.0M | $830.1M | $737.8M | $574.4M | $537.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $880.1M | $753.6M | $677.7M | $767.2M | $410.1M | $187.6M | $189.6M | $164.4M | $72.8M | -$14.4M |
| Depreciation and amortisation | $136.8M | $114.5M | $112.6M | $87.0M | $65.9M | $57.1M | $80.4M | $68.3M | $60.2M | $48.8M |
| Stock-based compensation | $481.7M | $421.3M | $331.4M | $327.6M | $287.0M | $242.3M | $226.7M | $210.6M | $150.7M | $116.7M |
| Capital expenditure | $264.3M | $226.7M | $195.2M | $158.1M | $102.3M | $95.0M | $87.8M | $100.2M | $65.1M | $76.8M |
| Investing cash flow | -$108.1M | -$218.2M | $3.2M | -$221.4M | -$153.3M | -$418.1M | -$324.7M | -$511.3M | -$57.2M | -$441.6M |
| Financing cash flow | -$644.8M | -$509.8M | -$560.2M | -$431.2M | -$127.8M | $200.2M | $49.2M | $551.9M | $46.8M | $40.5M |
| Buybacks | $342.6M | $374.0M | $135.8M | $219.1M | $200.2M | $135.2M | $15.0M | $20.0M | $0 | $0 |
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 0001474432-26-000041.
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