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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $3.66B | $3.17B | $2.83B | $2.75B | $2.18B | $1.68B |
| Cost of Revenue | $1.08B | $955.46M | $809.43M | $855.79M | $708.33M | $535.25M |
| Gross Profit | $2.58B | $2.21B | $2.02B | $1.90B | $1.47B | $1.15B |
| R&D | $963.29M | $804.40M | $736.76M | $692.53M | $581.93M | $480.47M |
| SG&A | $318.36M | $286.23M | $252.24M | $238.00M | $189.98M | $182.48M |
| Total Operating Expenses | $2.46B | $2.13B | $1.97B | $1.81B | $1.57B | $1.41B |
| D&A | $136.80M | $114.50M | $112.60M | $87.00M | $65.90M | $70.04M |
| Operating Income | $114.82M | $85.26M | $53.55M | $83.51M | ($98.40M) | ($261.03M) |
| Interest Expense | $3.38M | $7.48M | $7.48M | $4.75M | $36.68M | $31.40M |
| Income Tax | $36.10M | $41.09M | $29.27M | $18.74M | $14.76M | $11.92M |
| Net Income | $188.18M | $106.74M | $61.31M | $73.07M | ($143.26M) | ($282.08M) |
| EPS - Basic | $0.57 | $0.33 | $0.20 | $0.24 | ($0.50) | - |
| EPS - Diluted | $0.55 | $0.31 | $0.19 | $0.23 | ($0.50) | - |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $854.87M | $723.58M | $702.54M | $580.85M | $466.20M | $337.15M |
| Accounts Receivable | $944.84M | $680.86M | $662.18M | $612.49M | $542.14M | $460.88M |
| Inventory | $75.94M | $42.81M | $42.66M | $50.15M | $38.94M | $46.73M |
| Accounts Payable | $153.31M | $112.39M | $82.76M | $67.12M | $70.70M | $67.53M |
| Current Assets | $3.06B | $2.57B | $2.50B | $2.47B | $2.19B | $1.91B |
| Total Assets | $4.67B | $3.96B | $3.66B | $3.54B | $3.14B | $2.82B |
| Current Liabilities | $1.91B | $1.60B | $1.37B | $1.75B | $952.32M | $760.65M |
| Long-term Debt | - | $0 | $100.00M | $0 | $786.78M | - |
| Total Liabilities | $3.23B | $2.66B | $2.39B | $2.60B | $2.38B | $2.07B |
| Stockholders' Equity | $1.45B | $1.31B | $1.27B | $941.23M | $754.34M | $750.01M |
| Retained Earnings | ($1.18B) | ($1.37B) | ($1.48B) | ($1.54B) | ($1.71B) | ($1.57B) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $880.09M | $753.60M | $677.72M | $767.23M | $410.13M | $187.64M |
| Investing Cash Flow | ($108.07M) | ($218.20M) | $3.25M | ($221.41M) | ($153.28M) | ($418.11M) |
| Financing Cash Flow | ($644.79M) | ($509.78M) | ($560.24M) | ($431.17M) | ($127.79M) | $200.24M |
| CapEx | $264.34M | $226.73M | $195.16M | $158.14M | $102.29M | $94.97M |
| Free Cash Flow | $615.74M | $526.87M | $482.56M | $609.10M | $307.84M | $92.67M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 70.4% | 69.8% | 71.4% | 68.9% | 67.5% | 68.2% |
| Operating margin | 3.1% | 2.7% | 1.9% | 3.0% | -4.5% | -15.5% |
| EBITDA margin | 6.9% | 6.3% | 5.9% | 6.2% | -1.5% | -11.3% |
| Net margin | 5.1% | 3.4% | 2.2% | 2.7% | -6.6% | -16.7% |
| Free cash flow margin | 16.8% | 16.6% | 17.0% | 22.1% | 14.1% | 5.5% |
| FCF / Net income | 3.27 | 4.94 | 7.87 | 8.34 | -2.15 | -0.33 |
| R&D / Revenue | 26.3% | 25.4% | 26.0% | 25.2% | 26.7% | 28.5% |
| SG&A / Revenue | 8.7% | 9.0% | 8.9% | 8.6% | 8.7% | 10.8% |
| Effective tax rate | 16.1% | 27.8% | 32.3% | 20.4% | - | - |
| Return on assets | 4.0% | 2.7% | 1.7% | 2.1% | -4.6% | -10.0% |
| Return on equity | 13.0% | 8.2% | 4.8% | 7.8% | -19.0% | -37.6% |
| Return on invested capital | - | 4.7% | 2.6% | 7.1% | -5.0% | - |
| Liquidity | ||||||
| Current ratio | 1.60 | 1.61 | 1.83 | 1.41 | 2.30 | 2.51 |
| Quick ratio | 1.56 | 1.58 | 1.80 | 1.39 | 2.26 | 2.45 |
| Cash ratio | 0.45 | 0.45 | 0.51 | 0.33 | 0.49 | 0.44 |
| Leverage | ||||||
| Debt / Equity | - | 0.00 | 0.08 | 0.00 | 1.04 | - |
| Debt / Assets | - | 0.00 | 0.03 | 0.00 | 0.25 | - |
| Debt / EBITDA | - | 0.00 | 0.60 | 0.00 | - | - |
| Interest coverage | 34.0x | 11.4x | 7.2x | 17.6x | -2.7x | -8.3x |
| Equity multiplier | 3.23 | 3.03 | 2.88 | 3.76 | 4.16 | 3.76 |
| Liabilities / Assets | 0.69 | 0.67 | 0.65 | 0.73 | 0.76 | 0.73 |
| Efficiency | ||||||
| Asset turnover | 0.78 | 0.80 | 0.77 | 0.78 | 0.70 | 0.60 |
| Inventory turnover | 14.29 | 22.32 | 18.97 | 17.06 | 18.19 | 11.45 |
| Days sales outstanding | 94d | 78d | 85d | 81d | 91d | 100d |
| Days inventory outstanding | 26d | 16d | 19d | 21d | 20d | 32d |
| Days payable outstanding | 52d | 43d | 37d | 29d | 36d | 46d |
| Cash conversion cycle | 68d | 52d | 67d | 74d | 74d | 86d |
| Valuation | ||||||
| P / E | 126.4x | 218.7x | 222.4x | 130.0x | - | - |
| P / B | 16.5x | 17.8x | 11.1x | 10.8x | 10.0x | - |
| P / S | 6.5x | 7.3x | 5.0x | 3.7x | 3.5x | - |
| EV / EBITDA | 91.4x | 112.7x | 80.9x | 56.1x | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 15.6% | 11.9% | 2.8% | 26.3% | 29.5% | 2.5% |
| Revenue CAGR (3y) | 10.0% | 13.3% | 18.9% | 18.8% | 43.4% | 18.1% |
| Revenue CAGR (5y) | 16.8% | 14.0% | 30.8% | 21.9% | - | 18.3% |
| Gross profit growth (YoY) | 16.5% | 9.5% | 6.5% | 28.9% | 28.2% | 1.4% |
| Operating income growth (YoY) | 34.7% | 59.2% | -35.9% | - | 62.3% | -36.5% |
| Net income growth (YoY) | 76.3% | 74.1% | -16.1% | - | 49.2% | -40.3% |
| EPS growth (YoY) | 77.4% | 63.2% | -17.4% | - | - | - |
| EPS CAGR (3y) | 33.7% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 16.9% | 9.2% | -20.8% | 97.9% | 232.2% | -8.9% |
| FCF CAGR (5y) | 46.0% | 38.9% | - | 139.7% | - | - |
| Book value growth (YoY) | 10.7% | 2.9% | 34.9% | 24.8% | 0.6% | -9.7% |
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%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
1.01
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Computer Storage Devices
Comparing Pure Storage against the 5 most active filers in the same SIC group.