PSTG · Pure Storage, 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 | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $778.49M | $964.45M | $861.00M | $693.48M | $831.07M | $763.77M | $589.31M | $762.84M | $688.67M | $620.40M |
| Cost of Revenue | $242.33M | $267.08M | $256.67M | $197.77M | $248.15M | $223.69M | $175.96M | $210.09M | $202.08M | $193.98M |
| Gross Profit | $536.15M | $697.38M | $604.34M | $495.71M | $582.92M | $540.08M | $413.35M | $552.75M | $486.59M | $426.43M |
| R&D | $221.74M | $256.36M | $242.03M | $193.82M | $200.09M | $195.49M | $185.33M | $182.10M | $182.49M | $161.27M |
| SG&A | $67.07M | $93.28M | $71.55M | $76.79M | $67.32M | $69.44M | $67.38M | $64.73M | $60.83M | $51.57M |
| Total Operating Expenses | $567.32M | $643.46M | $599.47M | $537.48M | $523.24M | $515.20M | $485.16M | $478.54M | $492.82M | $430.99M |
| D&A | $30.30M | $35.30M | $32.60M | $31.10M | $24.90M | $33.10M | $26.60M | $28.70M | $27.20M | $19.30M |
| Operating Income | ($31.17M) | $53.92M | $4.87M | ($41.77M) | $59.69M | $24.88M | ($71.81M) | $74.21M | ($6.23M) | ($4.57M) |
| Interest Expense | $2.01M | $266.0K | $1.05M | $2.01M | $1.93M | $1.96M | $1.39M | $2.09M | $1.96M | $1.48M |
| Income Tax | $14.48M | $10.90M | $3.45M | $7.33M | $13.20M | $8.64M | $7.34M | $9.01M | $7.57M | $787.0K |
| Net Income | ($13.99M) | $54.81M | $47.12M | ($35.01M) | $63.64M | $35.67M | ($67.40M) | $70.39M | ($7.12M) | ($11.54M) |
| EPS - Basic | ($0.04) | $0.17 | $0.14 | ($0.11) | $0.19 | $0.11 | ($0.22) | $0.22 | ($0.02) | ($0.30) |
| EPS - Diluted | ($0.04) | $0.16 | $0.14 | ($0.11) | $0.19 | $0.10 | ($0.22) | $0.21 | ($0.02) | ($0.04) |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $854.87M | $852.84M | $887.85M | $723.58M | $894.57M | $965.03M | $702.54M | $529.19M | $408.90M | $580.85M |
| Accounts Receivable | $944.84M | $620.96M | $530.48M | $680.86M | $578.22M | $416.50M | $662.18M | $636.32M | $525.26M | $612.49M |
| Inventory | $75.94M | $82.42M | $46.81M | $42.81M | $41.57M | $43.55M | $42.66M | $46.21M | $47.50M | $50.15M |
| Accounts Payable | $153.31M | $128.02M | $112.16M | $112.39M | $102.02M | $68.10M | $82.76M | $101.09M | $98.01M | $67.12M |
| Current Assets | $3.06B | $2.65B | $2.52B | $2.57B | $2.56B | $2.55B | $2.50B | $2.25B | $2.04B | $2.47B |
| Total Assets | $4.67B | $4.22B | $4.03B | $3.96B | $3.85B | $3.78B | $3.66B | $3.36B | $3.13B | $3.54B |
| Current Liabilities | $1.91B | $1.61B | $1.53B | $1.60B | $1.44B | $1.28B | $1.37B | $1.24B | $1.20B | $1.75B |
| Long-term Debt | - | - | - | $0 | $0 | $100.00M | $100.00M | $100.00M | $100.00M | $0 |
| Total Liabilities | $3.23B | $2.82B | $2.71B | $2.66B | $2.44B | $2.33B | $2.39B | $2.21B | $2.15B | $2.60B |
| Stockholders' Equity | $1.45B | $1.40B | $1.32B | $1.31B | $1.41B | $1.45B | $1.27B | $1.15B | $986.33M | $941.23M |
| Retained Earnings | ($1.18B) | ($1.28B) | ($1.34B) | ($1.37B) | ($1.41B) | ($1.48B) | ($1.48B) | ($1.54B) | ($1.61B) | ($1.54B) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $283.94M | - | - | $221.50M | - | - | $173.25M | - | - | $220.13M |
| Investing Cash Flow | ($111.78M) | - | - | ($48.40M) | - | - | $151.20M | - | - | $66.11M |
| Financing Cash Flow | ($149.76M) | - | - | $24.97M | - | - | ($527.60M) | - | - | ($297.21M) |
| CapEx | $72.35M | - | - | $48.82M | - | - | $51.42M | - | - | $32.81M |
| Free Cash Flow | $211.59M | - | - | $172.68M | - | - | $121.82M | - | - | $187.32M |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 68.9% | 72.3% | 70.2% | 71.5% | 70.1% | 70.7% | 70.1% | 72.5% | 70.7% | 68.7% |
| Operating margin | -4.0% | 5.6% | 0.6% | -6.0% | 7.2% | 3.3% | -12.2% | 9.7% | -0.9% | -0.7% |
| EBITDA margin | -0.1% | 9.3% | 4.4% | -1.5% | 10.2% | 7.6% | -7.7% | 13.5% | 3.0% | 2.4% |
| Net margin | -1.8% | 5.7% | 5.5% | -5.0% | 7.7% | 4.7% | -11.4% | 9.2% | -1.0% | -1.9% |
| Free cash flow margin | 27.2% | - | - | 24.9% | - | - | 20.7% | - | - | 30.2% |
| FCF / Net income | -15.12 | - | - | -4.93 | - | - | -1.81 | - | - | -16.24 |
| R&D / Revenue | 28.5% | 26.6% | 28.1% | 27.9% | 24.1% | 25.6% | 31.4% | 23.9% | 26.5% | 26.0% |
| SG&A / Revenue | 8.6% | 9.7% | 8.3% | 11.1% | 8.1% | 9.1% | 11.4% | 8.5% | 8.8% | 8.3% |
| Effective tax rate | 2991.5% | 16.6% | 6.8% | - | 17.2% | 19.5% | - | 11.3% | 1653.5% | - |
| Return on assets | -0.3% | 1.3% | 1.2% | -0.9% | 1.7% | 0.9% | -1.8% | 2.1% | -0.2% | -0.3% |
| Return on equity | -1.0% | 3.9% | 3.6% | -2.7% | 4.5% | 2.5% | -5.3% | 6.1% | -0.7% | -1.2% |
| Return on invested capital | - | - | - | -2.5% | 3.5% | 1.3% | -4.1% | 5.3% | -0.3% | -0.4% |
| Liquidity | ||||||||||
| Current ratio | 1.60 | 1.65 | 1.65 | 1.61 | 1.77 | 1.99 | 1.83 | 1.82 | 1.70 | 1.41 |
| Quick ratio | 1.56 | 1.60 | 1.61 | 1.58 | 1.74 | 1.96 | 1.80 | 1.78 | 1.66 | 1.39 |
| Cash ratio | 0.45 | 0.53 | 0.58 | 0.45 | 0.62 | 0.75 | 0.51 | 0.43 | 0.34 | 0.33 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.00 | 0.00 | 0.07 | 0.08 | 0.09 | 0.10 | 0.00 |
| Debt / Assets | - | - | - | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.00 |
| Debt / EBITDA | - | - | - | - | 0.00 | 1.72 | - | 0.97 | 4.77 | 0.00 |
| Interest coverage | -15.5x | 202.7x | 4.6x | -20.8x | 31.0x | 12.7x | -51.9x | 35.4x | -3.2x | -3.1x |
| Equity multiplier | 3.23 | 3.01 | 3.05 | 3.03 | 2.73 | 2.60 | 2.88 | 2.92 | 3.18 | 3.76 |
| Liabilities / Assets | 0.69 | 0.67 | 0.67 | 0.67 | 0.63 | 0.62 | 0.65 | 0.66 | 0.69 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | 0.23 | 0.21 | 0.17 | 0.22 | 0.20 | 0.16 | 0.23 | 0.22 | 0.18 |
| Inventory turnover | 3.19 | 3.24 | 5.48 | 4.62 | 5.97 | 5.14 | 4.12 | 4.55 | 4.25 | 3.87 |
| Days sales outstanding | 443d | 235d | 225d | 358d | 254d | 199d | 410d | 304d | 278d | 360d |
| Days inventory outstanding | 114d | 113d | 67d | 79d | 61d | 71d | 88d | 80d | 86d | 94d |
| Days payable outstanding | 231d | 175d | 160d | 207d | 150d | 111d | 172d | 176d | 177d | 126d |
| Cash conversion cycle | 326d | 173d | 132d | 230d | 165d | 159d | 327d | 209d | 187d | 328d |
| Valuation | ||||||||||
| P / E | - | 616.9x | 389.4x | - | 268.2x | 542.9x | - | 166.5x | - | - |
| P / B | 15.7x | 24.3x | 14.0x | 16.7x | 12.3x | 12.8x | 10.2x | 10.1x | 11.8x | 8.9x |
| P / S | 29.2x | 35.4x | 21.4x | 31.5x | 20.9x | 24.4x | 21.9x | 15.1x | 16.9x | 13.5x |
| EV / EBITDA | - | 372.9x | 467.6x | - | 194.6x | 306.7x | - | 108.0x | 539.4x | 529.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.3% | 16.0% | 12.7% | 17.7% | 8.9% | 10.9% | -5.0% | 12.8% | 6.5% | 50.3% |
| Revenue CAGR (3y) | 7.9% | 12.6% | 10.0% | 18.9% | 13.9% | 15.4% | - | - | - | 19.1% |
| Revenue CAGR (5y) | - | - | - | 13.6% | 14.2% | 19.8% | 18.2% | 22.4% | 17.4% | - |
| Gross profit growth (YoY) | 8.2% | 19.6% | 11.9% | 19.9% | 5.5% | 11.0% | -3.1% | 18.5% | 9.7% | 51.3% |
| Operating income growth (YoY) | 25.4% | -9.7% | -80.4% | 41.8% | -19.6% | - | -1472.5% | 712.6% | - | 94.0% |
| Net income growth (YoY) | 60.0% | -13.9% | 32.1% | 48.1% | -9.6% | - | -484.3% | - | - | 86.3% |
| EPS growth (YoY) | 63.6% | -15.8% | 40.0% | 50.0% | -9.5% | - | -450.0% | - | - | - |
| EPS CAGR (3y) | - | - | 67.1% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 22.5% | - | - | 41.7% | - | - | -35.0% | - | - | - |
| FCF CAGR (5y) | - | - | - | 72.5% | - | - | - | - | - | - |
| Book value growth (YoY) | 10.7% | -0.5% | -9.2% | 2.9% | 22.8% | 47.3% | 34.9% | 36.6% | 29.5% | 24.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-02-01.
Product / service
$3.66B totalProduct$1.97B · 53.8%
Service$1.69B · 46.2%
Geographic
$3.66B totalUS$2.46B · 67.3%
Non Us$1.20B · 32.7%
Peer comparison
Same SIC group: Computer Storage Devices
Comparing Pure Storage against the 5 most active filers in the same SIC group.