Everpure, Inc.

Listed Company

PCIK 0001474432NYSELarge AcceleratedComputer Storage DevicesDelawareFY ends Jan 31

Period

FY 2026

Revenue

$3.66B

Net Income

$188.18M

Total Assets

$4.67B

Equity

$1.45B

Shares Out

330.46M

Op. Cash Flow

$880.09M

Business

Pure Storage, Inc. provides an all‑flash data storage platform that simplifies storing, managing, protecting and accessing structured and unstructured data across workloads. It offers integrated hardware (FlashArray, FlashBlade), software (Purity, Pure1, Pure Fusion, Portworx) and subscription services (Evergreen//One, Evergreen//Flex) for storage‑as‑a‑service, data protection and cloud‑native operations. The company organizes around integrated hardware systems, software platforms and cloud‑native/SaaS offerings. Pure serves global enterprises, hyperscalers, managed service providers and channel partners via direct sales and partner distribution across on‑premises, hosted and public cloud environments.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenue	3,663	3,168	2,831	2,753	2,181
Cost of revenue	1,085	955	809	856	708
Gross profit	2,578	2,213	2,021	1,898	1,473
Research and development	963	804	737	693	582
Sales and marketing	1,181	1,021	945	884	799
General and administrative	318	286	252	238	190
Restructuring and impairment	0	16	34	0	0
Total operating expenses	2,463	2,127	1,968	1,814	1,571
Income from operations	115	85	54	84	−98
Other income (expense), net	109	63	37	8	−30
Income before provision for income taxes	224	148	91	92	−128
Provision for income taxes	36	41	29	19	15
Net income	188	107	61	73	−143
Net income per share attributable to common stockholders, basic (in dollars per share)	0.57	0.33	0.2	0.24	−0.5
Net income per share attributable to common stockholders, diluted (in dollars per share)	0.55	0.31	0.19	0.23	−0.5
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	329	326	312	299	286
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	343	343	333	339	286

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	855	724	703	581	466
Marketable securities	692	798	829	1,001	947
Accounts receivable, net of allowance of $940 and $203	945	681	662	612	542
Inventory	76	43	43	50	39
Deferred commissions, current	139	99	89	69	82
Prepaid expenses and other current assets	356	223	173	161	116
Total current assets	3,063	2,567	2,498	2,475	2,192
Property and equipment, net	587	462	353	272	195
Operating lease right-of-use assets	186	147	130	159	112
Deferred commissions, non-current	280	229	216	177	165
Intangible assets, net	7	19	—	—	—
Goodwill	365	361	361	361	359
Restricted cash	8	13	10	11	11
Other assets, non-current	177	166	56	39	39
Total assets	4,674	3,964	3,656	3,543	3,135
Accounts payable	153	112	83	67	71
Accrued compensation and benefits	347	230	250	233	205
Accrued expenses and other liabilities	184	157	136	124	79
Operating lease liabilities, current	44	43	45	34	35
Deferred revenue, current	1,181	954	852	718	563
Debt, current	0	100	0	575	0
Total current liabilities	1,910	1,597	1,366	1,750	952
Operating lease liabilities, non-current	172	137	123	142	93
Deferred revenue, non-current	1,046	841	742	668	517
Other liabilities, non-current	100	82	55	42	31
Total liabilities	3,229	2,657	2,386	2,602	2,381
Commitments and contingencies (Note 7)	—	—	—	—	—
Preferred stock, par value of $0.0001 per share 20,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Class A and Class B common stock, par value of $0.0001 per share 2,250,000 (Class A 2,000,000, Class B 250,000) shares authorized; 326,102 and 330,353 Class A shares issued and outstanding	33,000	33,000	32,000	30,000	29,000
Additional paid-in capital	2,625	2,675	2,750	2,494	2,471
Accumulated other comprehensive income	2	954,000	−4	−16	−8
Accumulated deficit	−1,181	−1,369	−1,476	−1,537	−98
Total stockholders equity	1,446	1,306	1,270	941	754
Total liabilities and stockholders equity	4,674	3,964	3,656	3,543	3,135

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	148	127	124	100	83
Stock-based compensation expense	482	421	331	328	287
Noncash portion of lease impairment and abandonment	0	5	17	0	471,000
Gain on strategic investment	−28	0	0	—	—
Other	14	8	2	7	13
Accounts receivable, net	−264	−19	−50	−71	−81
Inventory	−36	−1	7	−11	4
Deferred commissions	−91	−24	−58	451,000	−58
Prepaid expenses and other assets	−160	−122	−26	−32	−26
Operating lease right-of-use assets	41	34	35	34	30
Accounts payable	38	30	13	−7	7
Accrued compensation and other liabilities	161	30	43	72	59
Operating lease liabilities	−47	−44	−32	−33	—
Deferred revenue	432	201	209	306	236
Net cash provided by operating activities	880	754	678	767	410
Purchases of property and equipment	−264	−227	−195	−158	−102
Acquisition	−4	0	0	−2	0
Purchases of strategic investments	−2	−31	0	0	—
Purchases of marketable securities	−459	−472	−472	−501	−618
Sales of marketable securities	362	101	59	6	200
Maturities of marketable securities	208	412	606	434	366
Sale of strategic investment	52	0	0	—	—
Other	−280,000	−2	5	−2	−600,000
Net cash provided by (used in) investing activities	−108	−218	3	−221	−153
Proceeds from exercise of stock options	18	27	40	25	49
Proceeds from issuance of common stock under employee stock purchase plan	56	52	45	40	37
Proceeds from borrowings	0	0	107	—	—
Payments of financing costs for revolving credit facility	−2	0	0	—	—
Principal payments on borrowings and finance lease obligations	−104	−8	−586	−257	−2
Tax withholding on vesting of equity awards	−271	−207	−30	−20	−11
Repurchases of common stock	−343	−374	−136	−219	−200
Net cash used in financing activities	−645	−510	−560	−431	−128
Net increase in cash, cash equivalents and restricted cash	127	26	121	115	129
Cash paid for interest	2	7	6	1	5
Cash paid for income taxes	33	38	29	14	13
Property and equipment purchased but not yet paid	19	16	16	15	7

Filings

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