Nutanix, Inc.

Listed Company

NTNXCIK 0001618732NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jul 31

Period

FY 2025

Revenue

$2.54B

Net Income

$188.37M

Total Assets

$3.28B

Equity

$-694.52M

Shares Out

265.21M

Op. Cash Flow

$821.46M

Business

Nutanix, Inc. provides a unified hybrid multicloud software platform that enables organizations to run applications and AI and manage data across data centers, edge locations, and public clouds. Its offerings include the Nutanix Cloud Platform and products such as Nutanix Cloud Infrastructure (AOS, AHV), Nutanix Cloud Clusters, Nutanix Cloud Manager, Nutanix Kubernetes Platform, Unified Storage, Database Service, Enterprise AI and related SaaS, support and professional services. The company operates as a single subscription-based reporting segment delivering software, SaaS, support and services. It sells globally through direct sales, channel partners, OEMs, public cloud integrations and distributors across North America, Europe, Asia Pacific, the Middle East, Latin America and Africa.

Summary from filing dated 2025-09-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Total revenue	2,538	2,149	1,863	1,581	1,394
Total cost of revenue	335	324	332	321	292
Gross profit	2,203	1,825	1,531	1,260	1,102
Sales and marketing	1,056	977	925	979	1,053
Research and development	737	639	581	573	558
General and administrative	237	201	232	166	154
Total operating expenses	2,031	1,817	1,738	1,718	1,765
(Loss) income from operations	173	8	−207	−459	−662
Other (expense) income, net	39	−109	−26	−321	−355
(Loss) income before provision for income taxes	212	−101	−234	−780	−1,017
Provision for income taxes	23	23	21	19	18
Net (loss) income	188	−125	−255	−799	−1,036
Net (loss) income per share attributable to Class A common stockholders, basic	0.7	−0.51	−1.09	−3.62	−5.02
Net (loss) income per share attributable to Class A common stockholders, diluted	0.65	−0.51	−1.09	−3.62	−5.02
Weighted average shares used in computing net (loss) income per share attributable to Class A common stockholders, basic	267,479	244,743	233,247	220,529	206,475
Weighted average shares used in computing net (loss) income per share attributable to Class A common stockholders, diluted	294,083	244,743	233,247	220,529	206,475

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	770	655	513	403	286
Short-term investments	1,223	339	924	921	928
Accounts receivable, net of allowances of $772 and $2,187, respectively	338	230	157	125	181
Deferred commissions-current	153	160	120	115	—
Prepaid expenses and other current assets	105	97	147	94	57
Total current assets	2,589	1,481	1,862	1,658	1,562
Property and equipment, net	143	136	112	113	132
Operating lease right-of-use assets	135	109	94	119	106
Deferred commissionsnon-current	189	199	238	252	232
Intangible assets, net	3	5	5	16	32
Goodwill	185	185	185	185	185
Other assetsnon-current	40	28	32	22	28
Total assets	3,283	2,144	2,527	2,366	2,277
Accounts payable	82	45	30	45	47
Accrued compensation and benefits	230	196	144	150	162
Accrued expenses and other current liabilities	24	25	109	60	39
Deferred revenuecurrent	1,054	955	824	721	636
Operating lease liabilitiescurrent	23	24	30	40	43
Total current liabilities	1,414	1,244	1,136	1,161	928
Deferred revenuenon-current	1,059	918	771	725	677
Operating lease liabilitiesnon-current	116	90	69	90	87
Convertible senior notes, net	1,344	570	1,218	1,156	1,056
Other liabilities-non-current	46	49	40	35	43
Total liabilities	3,978	2,872	3,234	3,166	3,290
Commitments and contingencies (Note 7)	—	—	—	—	—
Common stock, par value of $0.000025 per share-1,000,000 Class A shares authorized as of July 31, 2024 and July 31 2025 265,181 and 269,045 Class A shares issued and outstanding as of July 31, 2024 and July 31 2025, respectively	7,000	7,000	6,000	6,000	5,000
Additional paid-in capital	4,200	4,119	3,931	3,584	2,615
Accumulated other comprehensive (loss) income	700,000	146,000	−5	−6	−8,000
Accumulated deficit	−4,896	−4,847	−4,633	−4,378	−101
Total stockholders' deficit	−695	−728	−707	−801	−1,021
Total liabilities and stockholders' deficit	3,283	2,144	2,527	2,366	2,277

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation and amortization	73	73	76	88	94
Stock-based compensation	352	334	312	343	359
Amortization of debt discount and issuance cost	4	42	43	40	64
Conversion of convertible senior notes attributable to debt discount and issuance costs	0	108	0	0	—
Operating lease cost, net of accretion	29	31	35	37	35
Early exit of lease-related assets	0	0	−1	597,000	1
Gain On Frame Divestiture	0	0	−11	0	—
Non-cash interest expense	0	19	20	19	16
Inducement expense from partial repurchase of the 2027 Notes	11	0	0	—	—
Other	−5	−13	−11	9	6
Accounts receivable, net	−72	−54	−26	61	64
Deferred commissions	17	−820,000	10	−24	−128
Prepaid expenses and other assets	−8	47	−59	−36	4
Accounts payable	30	15	−10	−1	−6
Accrued compensation and benefits	33	52	−6	−20	51
Accrued expenses and other liabilities	−4	−83	53	5	16
Operating leases, net	−30	−30	−40	−47	−38
Deferred revenue	204	259	143	128	127
Net cash provided by operating activities	821	673	272	68	−100
Maturities of investments	476	774	965	1,058	784
Purchases of investments	−1,360	−871	−955	−1,081	−1,393
Sales of investments	3	706	0	18	70
Proceeds from Frame divestiture	0	0	6	0	—
Payments for acquisitions, net of cash acquired	0	−5	0	0	—
Purchases of property and equipment	−71	−75	−65	−49	−59
Net cash (used in) provided by investing activities	−952	530	−50	−54	−597
Repayment of convertible notes	0	−818	−146	0	—
Proceeds from sales of shares through employee equity incentive plans	69	52	47	68	66
Taxes paid related to net share settlement of equity awards	−257	−162	−10	0	—
Proceeds from the issuance of convertible notes, net of issuance costs	848	0	0	89	724
Payment of third-party debt issuance costs	−3	0	0	—	—
Partial repurchase of the 2027 Notes	−95	0	0	—	—
Payment of revolver issuance costs	−3	0	0	—	—
Repurchases of common stock	−308	−131	0	−59	−125
Payment of finance lease obligations	−5	−4	−3	−1	−459,000
Deferred payment of purchases of property and equipment	−2	0	0	—	—
Net cash (used in) provided by financing activities	244	−1,063	−113	104	664
Net increase in cash, cash equivalents and restricted cash	114	140	110	117	−33
Cash paid for income taxes	33	24	31	20	17
Purchases of property and equipment included in accounts payable and accrued liabilities	7	19	16	17	13
Forfeited paid-in-kind interest recognized in equity upon note conversion	0	6	0	0	—
Unpaid taxes related to net share settlement of equity awards included in accrued expenses and other liabilities	13	0	0	—	—

Filings

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