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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Rest of the world
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $2.46B | $2.21B | $1.98B |
| Rest of the world | $1.20B | $960.8M | $851.3M |
As the company reported it, from the “Segment Information and Geographic Areas - Schedule of Disaggregation 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 | $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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $739.2M | $1.02B | $1.36B | $1.64B | $1.68B | $2.18B | $2.75B | $2.83B | $3.17B | $3.66B |
| Gross profit | $486.9M | $671.0M | $902.3M | $1.13B | $1.15B | $1.47B | $1.90B | $2.02B | $2.21B | $2.58B |
| Net income | -$221.5M | -$159.9M | -$178.4M | -$201.0M | -$282.1M | -$143.3M | $73.1M | $61.3M | $106.7M | $188.2M |
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
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- 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
- Results announced Item 2.02
- 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
- Results announced Item 2.02
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
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.
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