NTNX · Nutanix, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $722.83M | $670.58M | $638.98M | $654.72M | $590.96M | $524.58M | $565.23M | $448.58M | $486.50M | $433.61M |
| Cost of Revenue | $91.27M | $87.47M | $82.99M | $85.29M | $82.67M | $79.62M | $81.56M | $82.43M | $86.81M | $82.50M |
| Gross Profit | $631.55M | $583.11M | $555.99M | $569.43M | $508.29M | $444.96M | $483.68M | $366.15M | $399.69M | $351.11M |
| R&D | $202.26M | $187.48M | $186.41M | $182.78M | $173.96M | $159.22M | $160.40M | $143.02M | $142.30M | $149.19M |
| SG&A | $67.61M | $61.06M | $60.53M | $59.83M | $53.68M | $51.42M | $49.53M | $52.52M | $84.11M | $46.10M |
| Total Operating Expenses | $547.41M | $533.77M | $507.35M | $504.00M | $481.04M | $456.55M | $446.63M | $424.79M | $456.20M | $431.37M |
| D&A | - | $18.37M | - | - | $18.18M | - | - | - | - | $19.84M |
| Operating Income | $84.14M | $49.34M | $48.65M | $65.44M | $27.25M | ($11.59M) | $37.05M | ($58.64M) | ($56.51M) | ($80.26M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($5.52M) | $3.48M | $1.24M | $8.66M | $6.90M | $4.69M | $6.35M | $5.16M | $4.17M | $5.44M |
| Net Income | $103.02M | $62.10M | $63.36M | $56.43M | $29.93M | ($15.62M) | $32.80M | ($70.97M) | ($70.79M) | ($99.12M) |
| EPS - Basic | $0.38 | $0.23 | $0.24 | $0.21 | $0.11 | ($0.06) | $0.13 | ($0.50) | ($0.53) | ($1.95) |
| EPS - Diluted | $0.36 | $0.21 | $0.22 | $0.19 | $0.10 | ($0.06) | $0.12 | ($0.30) | ($0.53) | ($1.95) |
Balance Sheet
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $603.40M | $780.42M | $769.50M | $1.07B | $716.60M | $655.27M | $679.25M | $512.93M | $406.60M | $480.62M |
| Accounts Receivable | $260.60M | $335.94M | $337.97M | $327.29M | $198.58M | $229.80M | $189.05M | $157.25M | $155.26M | $83.64M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $96.12M | $87.99M | $81.60M | $45.90M | $44.70M | $45.07M | $39.54M | $29.93M | $44.07M | $30.84M |
| Current Assets | $2.47B | $2.64B | $2.59B | $2.34B | $1.52B | $1.48B | $2.08B | $1.86B | $1.69B | $1.67B |
| Total Assets | $3.28B | $3.32B | $3.28B | $2.99B | $2.18B | $2.14B | $2.73B | $2.53B | $2.37B | $2.36B |
| Current Liabilities | $1.49B | $1.40B | $1.41B | $1.32B | $1.22B | $1.24B | $1.16B | $1.14B | $1.11B | $1.15B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.11B | $3.99B | $3.98B | $3.80B | $2.87B | $2.87B | $3.34B | $3.23B | $3.15B | $3.15B |
| Stockholders' Equity | ($831.29M) | ($668.63M) | ($694.52M) | ($807.67M) | ($685.30M) | ($728.15M) | ($611.68M) | ($707.42M) | ($782.68M) | ($791.05M) |
| Retained Earnings | ($4.99B) | ($4.87B) | ($4.90B) | ($4.93B) | ($4.83B) | ($4.85B) | ($4.65B) | ($4.63B) | ($4.55B) | ($4.47B) |
Cash Flow
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $196.82M | - | - | $161.75M | - | - | - | - | $65.51M |
| Investing Cash Flow | - | ($74.55M) | - | - | ($28.19M) | - | - | - | - | ($8.24M) |
| Financing Cash Flow | - | ($111.36M) | - | - | ($72.22M) | - | - | - | - | $20.33M |
| CapEx | - | $22.32M | - | - | $9.83M | - | - | - | - | $19.70M |
| Free Cash Flow | - | $174.51M | - | - | $151.92M | - | - | - | - | $45.81M |
Ratios
| Metric | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q3 '23 | Q2 '23 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 87.4% | 87.0% | 87.0% | 87.0% | 86.0% | 84.8% | 85.6% | 81.6% | 82.2% | 81.0% |
| Operating margin | 11.6% | 7.4% | 7.6% | 10.0% | 4.6% | -2.2% | 6.6% | -13.1% | -11.6% | -18.5% |
| EBITDA margin | - | 10.1% | - | - | 7.7% | - | - | - | - | -13.9% |
| Net margin | 14.3% | 9.3% | 9.9% | 8.6% | 5.1% | -3.0% | 5.8% | -15.8% | -14.6% | -22.9% |
| Free cash flow margin | - | 26.0% | - | - | 25.7% | - | - | - | - | 10.6% |
| FCF / Net income | - | 2.81 | - | - | 5.08 | - | - | - | - | -0.46 |
| R&D / Revenue | 28.0% | 28.0% | 29.2% | 27.9% | 29.4% | 30.4% | 28.4% | 31.9% | 29.3% | 34.4% |
| SG&A / Revenue | 9.4% | 9.1% | 9.5% | 9.1% | 9.1% | 9.8% | 8.8% | 11.7% | 17.3% | 10.6% |
| Effective tax rate | -5.7% | 5.3% | 1.9% | 13.3% | 18.7% | - | 16.2% | - | - | - |
| Return on assets | 3.1% | 1.9% | 1.9% | 1.9% | 1.4% | -0.7% | 1.2% | -2.8% | -3.0% | -4.2% |
| Return on equity | -12.4% | -9.3% | -9.1% | -7.0% | -4.4% | 2.1% | -5.4% | 10.0% | 9.0% | 12.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.65 | 1.89 | 1.83 | 1.77 | 1.25 | 1.19 | 1.79 | 1.64 | 1.52 | 1.46 |
| Quick ratio | 1.65 | 1.89 | 1.83 | 1.77 | 1.25 | 1.19 | 1.79 | 1.64 | 1.52 | 1.46 |
| Cash ratio | 0.40 | 0.56 | 0.54 | 0.81 | 0.59 | 0.53 | 0.58 | 0.45 | 0.37 | 0.42 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -3.94 | -4.97 | -4.73 | -3.70 | -3.18 | -2.94 | -4.46 | -3.57 | -3.03 | -2.98 |
| Liabilities / Assets | 1.25 | 1.20 | 1.21 | 1.27 | 1.31 | 1.34 | 1.22 | 1.28 | 1.33 | 1.34 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.20 | 0.19 | 0.22 | 0.27 | 0.24 | 0.21 | 0.18 | 0.21 | 0.18 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 132d | 183d | 193d | 182d | 123d | 160d | 122d | 128d | 116d | 70d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 384d | 367d | 359d | 196d | 197d | 207d | 177d | 133d | 185d | 136d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 109.3x | 339.2x | 341.7x | 361.9x | 621.0x | - | 468.3x | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 23.7x | 29.7x | 15.8x | 13.3x | 13.6x |
| EV / EBITDA | - | -11.2x | - | - | -15.4x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.4% | 13.5% | 21.8% | 15.8% | - | 16.9% | 16.2% | 11.1% | 17.8% | 38.6% |
| Revenue CAGR (3y) | 14.1% | 15.6% | 16.5% | 16.6% | 23.6% | 15.0% | 17.7% | 12.1% | 11.9% | 11.4% |
| Revenue CAGR (5y) | 15.8% | 16.3% | 15.0% | 13.6% | 13.5% | 12.8% | 11.0% | 9.2% | 11.2% | 21.1% |
| Gross profit growth (YoY) | 10.9% | 14.7% | 25.0% | 17.7% | - | 21.5% | 21.0% | 13.1% | 20.0% | 43.4% |
| Operating income growth (YoY) | 28.6% | 81.0% | - | 76.6% | - | 80.2% | - | 36.5% | 40.2% | 55.9% |
| Net income growth (YoY) | 82.6% | 107.5% | - | 72.1% | - | 78.0% | - | 36.4% | 38.5% | 62.6% |
| EPS growth (YoY) | 89.5% | 110.0% | - | 58.3% | - | 80.0% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 14.9% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | 50.0% | - | - | - | - | - |
| Book value growth (YoY) | -2.9% | 2.4% | 4.6% | -32.0% | - | -2.9% | 21.8% | 10.5% | -7.9% | -41.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-07-31.
Product / service
$7.50B totalSubscription And Circulation$2.41B · 32.1%
Product$1.34B · 17.9%
Subscriptionand Circulation Software Termbased Licenses$1.27B · 17.0%
Service$1.20B · 16.0%
Subscriptionand Circulation Software Entitlementand Support Subscription$1.14B · 15.2%
Professional Services$112.20M · 1.5%
Other Non Subscription Product$14.97M · 0.2%
Software$10.80M · 0.1%
Hardware$4.20M · 0.1%
Geographic
$2.54B totalUS$1.41B · 55.5%
EMEA$685.57M · 27.0%
Asia Pacific$392.74M · 15.5%
Other Americas$50.25M · 2.0%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Nutanix against the 5 most active filers in the same SIC group.