Pure Storage (PSTG) Financials

$41.25 +0.17 (+0.41%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for Pure Storage

This table shows Pure Storage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2018	2019	2020	2021	2022	2023	2024	2025
Net Income / (Loss) Attributable to Common Shareholders	-214	-222	-160	-178	-201	-282	-143	73	61	107
Consolidated Net Income / (Loss)	-214	-222	-160	-178	-201	-282	-143	73	61	107
Net Income / (Loss) Continuing Operations	-214	-222	-160	-178	-201	-282	-143	73	61	107
Total Pre-Tax Income	-212	-220	-156	-177	-195	-270	-128	92	91	148
Total Operating Income	-210	-221	-167	-169	-191	-261	-98	84	54	85
Total Gross Profit	272	487	671	902	1,134	1,149	1,473	1,898	2,021	2,213
Total Revenue	440	739	1,025	1,360	1,643	1,684	2,181	2,753	2,831	3,168
Operating Revenue	440	739	1,025	1,360	1,643	1,684	2,181	2,753	2,831	3,168
Total Cost of Revenue	168	252	354	458	510	535	708	856	809	955
Operating Cost of Revenue	168	252	354	458	510	535	708	856	809	955
Total Operating Expenses	483	708	838	1,072	1,325	1,410	1,571	1,814	1,968	2,127
Selling, General & Admin Expense	75	85	95	138	163	182	190	238	252	286
Marketing Expense	241	348	464	584	728	716	799	884	945	1,021
Research & Development Expense	167	246	279	350	434	480	582	693	737	804
Restructuring Charge	-	-	-	0.00	0.00	31	0.00	0.00	34	16
Total Other Income / (Expense), net	-2.00	1.63	11	-8.02	-3.38	-9.13	-30	8.30	37	63
Other Income / (Expense), net	-2.00	1.63	11	-8.02	-3.38	-9.13	-30	8.30	37	63
Income Tax Expense	1.57	1.89	3.89	1.09	6.32	12	15	19	29	41
Basic Earnings per Share	($2.59)	($1.14)	($0.76)	($0.77)	($0.79)	($1.05)	($0.50)	$0.24	$0.20	$0.33
Weighted Average Basic Shares Outstanding	82.46M	194.71M	211.61M	232.04M	252.82M	267.82M	285.88M	299.48M	311.83M	325.77M
Diluted Earnings per Share	($2.59)	($1.14)	($0.76)	($0.77)	($0.79)	($1.05)	($0.50)	$0.23	$0.19	$0.31
Weighted Average Diluted Shares Outstanding	82.46M	194.71M	211.61M	232.04M	252.82M	267.82M	285.88M	339.18M	332.57M	342.70M
Weighted Average Basic & Diluted Shares Outstanding	82.46M	194.71M	211.61M	232.04M	252.82M	267.82M	298.50M	308.05M	324.91M	326.02M

This table shows Pure Storage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Net Income / (Loss) Attributable to Common Shareholders	11	-0.79	74	-67	-7.12	70	65	-35	36	64	42
Consolidated Net Income / (Loss)	11	-0.79	74	-67	-7.12	70	65	-35	36	64	42
Net Income / (Loss) Continuing Operations	11	-0.79	74	-67	-7.12	70	65	-35	36	64	42
Total Pre-Tax Income	15	6.32	81	-60	0.46	79	71	-28	44	77	54
Total Operating Income	14	9.13	65	-72	-6.23	74	57	-42	25	60	42
Total Gross Profit	444	466	561	413	487	553	569	496	540	583	594
Total Revenue	647	676	810	589	689	763	790	693	764	831	880
Operating Revenue	647	676	810	589	689	763	790	693	764	831	880
Total Cost of Revenue	203	210	249	176	202	210	221	198	224	248	286
Operating Cost of Revenue	203	210	249	176	202	210	221	198	224	248	286
Total Operating Expenses	429	457	497	485	493	479	511	537	515	523	552
Selling, General & Admin Expense	57	65	65	67	61	65	59	77	69	67	73
Marketing Expense	207	212	246	232	233	232	248	251	250	256	264
Research & Development Expense	166	180	186	185	182	182	187	194	195	200	215
Total Other Income / (Expense), net	0.59	-2.81	17	12	6.69	5.18	13	14	19	17	12
Other Income / (Expense), net	0.59	-2.81	17	12	6.69	5.18	13	14	19	17	12
Income Tax Expense	4.03	7.11	6.82	7.34	7.57	9.01	5.36	7.33	8.64	13	12
Basic Earnings per Share	$0.04	$0.00	$0.24	($0.22)	($0.02)	$0.22	$0.22	($0.11)	$0.11	$0.19	$0.14
Weighted Average Basic Shares Outstanding	297.48M	300.98M	299.48M	305.86M	309.51M	314.15M	311.83M	322.59M	326.33M	327.68M	325.77M
Diluted Earnings per Share	$0.03	$0.00	$0.24	($0.22)	($0.02)	$0.21	$0.22	($0.11)	$0.10	$0.19	$0.13
Weighted Average Diluted Shares Outstanding	312.72M	300.98M	339.18M	305.86M	309.51M	330.26M	332.57M	322.59M	343.44M	340.56M	342.70M
Weighted Average Basic & Diluted Shares Outstanding	298.92M	302.59M	308.05M	307.53M	311.96M	315.97M	324.91M	325.23M	327.69M	326.24M	326.02M

This table details how cash moves in and out of Pure Storage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2018	2019	2020	2021	2022	2023	2024	2025
Net Change in Cash & Equivalents	412	-415	62	205	-86	-30	129	115	121	26
Net Cash From Operating Activities	-7.86	-14	73	164	190	188	410	767	678	754
Net Cash From Continuing Operating Activities	-7.86	-14	73	164	190	188	410	767	678	754
Net Income / (Loss) Continuing Operations	-214	-222	-160	-178	-201	-282	-143	73	61	107
Consolidated Net Income / (Loss)	-214	-222	-160	-178	-201	-282	-143	73	61	107
Depreciation Expense	32	50	62	71	90	70	83	100	124	127
Non-Cash Adjustments To Reconcile Net Income	69	119	153	206	255	286	330	369	385	468
Changes in Operating Assets and Liabilities, net	105	38	18	45	19	85	108	225	107	52
Net Cash From Investing Activities	-42	-442	-57	-511	-325	-418	-153	-221	3.25	-218
Net Cash From Continuing Investing Activities	-42	-442	-57	-511	-325	-418	-153	-221	3.25	-218
Purchase of Property, Plant & Equipment	-39	-77	-65	-100	-88	-95	-102	-158	-195	-227
Purchase of Investments	0.00	-527	-203	-665	-796	-574	-618	-501	-472	-503
Sale and/or Maturity of Investments	0.00	163	211	273	619	595	567	440	665	513
Other Investing Activities, net	-2.49	-	-	-5.00	0.00	-5.00	-	-1.99	5.00	-1.75
Net Cash From Financing Activities	462	41	47	552	49	200	-128	-431	-560	-510
Net Cash From Continuing Financing Activities	462	41	47	552	49	200	-128	-431	-560	-510
Repayment of Debt	-	0.00	0.00	-6.10	-12	0.00	-2.14	-257	-586	-8.12
Repurchase of Common Equity	-3.70	0.00	0.00	-85	-15	-135	-200	-219	-136	-374
Issuance of Debt	-	0.00	0.00	562	0.00	252	0.00	0.00	107	0.00
Issuance of Common Equity	459	26	22	33	43	32	37	40	45	52
Other Financing Activities, net	6.01	15	25	47	33	51	38	5.18	9.79	-179
Cash Interest Paid	-	0.00	0.00	0.37	0.72	2.28	5.02	1.19	5.83	7.18
Cash Income Taxes Paid	1.12	2.87	3.09	4.70	4.82	11	13	14	29	38

This table details how cash moves in and out of Pure Storage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Net Change in Cash & Equivalents	197	143	-215	-203	31	120	173	198	70	-72	-170
Net Cash From Operating Activities	159	155	233	173	102	158	244	222	227	97	209
Net Cash From Continuing Operating Activities	159	155	233	173	102	158	244	222	227	97	209
Net Income / (Loss) Continuing Operations	11	-0.79	74	-67	-7.12	70	65	-35	36	64	42
Consolidated Net Income / (Loss)	11	-0.79	74	-67	-7.12	70	65	-35	36	64	42
Depreciation Expense	24	26	28	30	30	32	33	34	36	28	29
Non-Cash Adjustments To Reconcile Net Income	95	96	95	87	114	93	92	126	114	113	115
Changes in Operating Assets and Liabilities, net	30	34	35	124	-35	-36	54	97	41	-107	22
Net Cash From Investing Activities	98	-3.49	-382	151	-69	-37	-42	-48	-85	39	-125
Net Cash From Continuing Investing Activities	98	-3.49	-382	151	-69	-37	-42	-48	-85	39	-125
Purchase of Property, Plant & Equipment	-25	-40	-60	-51	-55	-45	-44	-49	-60	-62	-56
Purchase of Investments	-	-75	-409	-129	-118	-105	-120	-165	-105	-44	-189
Sale and/or Maturity of Investments	125	111	88	331	104	113	117	166	81	145	122
Net Cash From Financing Activities	-60	-7.84	-66	-528	-2.11	-0.91	-30	25	-72	-209	-253
Net Cash From Continuing Financing Activities	-60	-7.84	-66	-528	-2.11	-0.91	-30	25	-72	-209	-253
Repayment of Debt	-0.18	-4.57	-1.10	-577	-0.29	-7.52	-1.62	-1.10	-2.84	-1.79	-2.40
Repurchase of Common Equity	-61	-25	-68	-70	-22	-22	-21	0.00	-	-182	-192
Other Financing Activities, net	1.07	0.72	2.18	-2.13	20	-1.70	-6.54	0.75	-70	-51	-59
Cash Interest Paid	0.03	0.41	0.03	0.39	1.75	1.85	1.85	1.74	1.78	1.79	1.88
Cash Income Taxes Paid	2.97	3.64	5.94	9.33	4.66	5.47	9.21	3.54	20	6.37	8.56

This table presents Pure Storage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	871	900	1,124	1,973	2,364	2,819	3,135	3,543	3,656	3,964
Total Current Assets	788	780	943	1,702	1,890	1,908	2,192	2,475	2,498	2,567
Cash & Equivalents	605	184	244	448	363	337	466	581	703	724
Short-Term Investments	0.00	363	353	749	937	916	947	1,001	829	798
Accounts Receivable	126	169	243	379	459	461	542	612	662	681
Inventories, net	21	23	34	45	39	47	39	50	43	43
Prepaid Expenses	21	25	48	52	57	90	116	161	173	223
Other Current Assets	16	16	21	29	37	57	82	69	89	99
Plant, Property, & Equipment, net	53	82	89	125	123	163	195	272	353	462
Total Noncurrent Assets	30	38	91	146	351	748	748	796	805	935
Long-Term Investments	-	-	-	-	-	11	11	11	9.60	13
Goodwill	-	-	0.00	11	38	359	359	361	361	361
Intangible Assets	6.98	6.56	5.06	20	58	77	63	49	33	19
Other Noncurrent Operating Assets	23	31	85	115	255	302	316	375	401	542
Total Liabilities & Shareholders' Equity	871	900	1,124	1,973	2,364	2,819	3,135	3,543	3,656	3,964
Total Liabilities	307	421	550	1,235	1,534	2,069	2,381	2,602	2,386	2,657
Total Current Liabilities	185	273	363	510	615	761	952	1,750	1,366	1,597
Short-Term Debt	-	-	-	-	-	-	0.00	575	0.00	100
Accounts Payable	38	53	84	103	78	68	71	67	83	112
Accrued Expenses	14	22	27	40	47	62	79	124	136	157
Current Deferred Revenue	95	158	191	267	356	438	563	718	852	954
Current Employee Benefit Liabilities	33	39	60	100	107	161	205	233	250	230
Other Current Liabilities	4.76	1.36	-	-	27	32	35	34	45	43
Total Noncurrent Liabilities	123	148	187	725	919	1,309	1,429	852	1,020	1,061
Long-Term Debt	-	-	0.00	450	477	756	787	0.00	100	0.00
Noncurrent Deferred Revenue	122	145	183	269	341	405	517	668	742	841
Other Noncurrent Operating Liabilities	1.21	3.16	4.03	6.27	101	148	125	185	178	219
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	563	478	574	738	830	750	754	941	1,270	1,306
Total Preferred & Common Equity	563	478	574	738	830	750	754	941	1,270	1,306
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	563	478	574	738	830	750	754	941	1,270	1,306
Common Stock	1,119	1,281	1,480	1,820	2,108	2,308	2,471	2,494	2,750	2,675
Retained Earnings	-555	-802	-904	-1,082	-1,283	-1,565	-1,708	-1,537	-1,476	-1,369
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.56	-1.92	-0.34	5.45	7.41	-8.37	-16	-3.78	0.95

This table presents Pure Storage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	2,856	2,828	3,050	3,253	2,959	3,134	3,356	3,624	3,781	3,854
Total Current Assets	1,927	1,875	2,021	2,209	1,868	2,041	2,247	2,448	2,553	2,560
Cash & Equivalents	405	455	653	796	378	409	529	901	965	895
Short-Term Investments	958	837	710	669	806	820	822	823	855	754
Accounts Receivable	354	346	402	436	391	525	636	423	417	578
Inventories, net	44	41	52	60	52	47	46	41	44	42
Prepaid Expenses	102	128	133	179	172	168	139	174	185	204
Other Current Assets	63	67	71	69	69	71	74	85	87	87
Plant, Property, & Equipment, net	193	207	220	249	303	326	338	368	397	431
Total Noncurrent Assets	736	746	809	796	789	767	771	808	832	863
Long-Term Investments	11	11	11	11	9.96	9.96	9.96	9.60	15	11
Goodwill	359	359	361	361	361	361	361	361	361	361
Intangible Assets	67	59	58	53	45	41	37	29	27	23
Other Noncurrent Operating Assets	300	319	380	370	372	355	363	408	428	468
Total Liabilities & Shareholders' Equity	2,856	2,828	3,050	3,253	2,959	3,134	3,356	3,624	3,781	3,854
Total Liabilities	2,131	2,101	2,289	2,412	2,053	2,148	2,207	2,250	2,328	2,444
Total Current Liabilities	780	1,441	1,525	1,623	1,106	1,204	1,238	1,226	1,283	1,445
Short-Term Debt	-	573	573	574	0.00	0.00	0.00	-	-	100
Accounts Payable	49	59	64	103	71	98	101	56	68	102
Accrued Expenses	74	84	94	109	121	129	141	128	119	142
Current Deferred Revenue	499	577	610	647	732	770	802	860	869	897
Current Employee Benefit Liabilities	123	111	151	159	143	165	150	138	177	156
Other Current Liabilities	35	37	34	31	38	42	44	45	50	48
Total Noncurrent Liabilities	1,352	660	763	789	947	944	969	1,023	1,045	999
Long-Term Debt	778	0.00	0.00	0.00	100	100	100	100	100	0.00
Noncurrent Deferred Revenue	451	535	569	601	663	667	695	741	754	784
Other Noncurrent Operating Liabilities	123	125	194	188	184	177	174	182	191	215
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	724	727	761	841	906	986	1,148	1,374	1,453	1,411
Total Preferred & Common Equity	724	727	761	841	906	986	1,148	1,374	1,453	1,411
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	724	727	761	841	906	986	1,148	1,374	1,453	1,411
Common Stock	2,448	2,368	2,392	2,476	2,521	2,611	2,700	2,890	2,926	2,821
Retained Earnings	-1,723	-1,622	-1,611	-1,612	-1,604	-1,612	-1,541	-1,511	-1,475	-1,411
Accumulated Other Comprehensive Income / (Loss)	-0.31	-19	-20	-24	-11	-13	-10	-5.58	2.71	1.02

This table displays calculated financial ratios and metrics derived from Pure Storage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	152.41%	67.87%	0.00%	0.00%	32.70%	20.86%	2.48%	29.49%	26.26%	2.80%	11.92%
EBITDA Growth	-8.06%	5.83%	0.00%	51.16%	9.42%	8.89%	-119.92%	91.95%	1,496.28%	11.84%	27.67%
EBIT Growth	-16.65%	-3.52%	0.00%	35.85%	-13.64%	-9.81%	-38.78%	52.44%	171.45%	-1.33%	63.20%
NOPAT Growth	-16.46%	-5.28%	0.00%	52.49%	-1.09%	-13.01%	-36.46%	62.30%	196.50%	-45.47%	69.84%
Net Income Growth	-16.66%	-3.64%	0.00%	0.00%	-11.56%	-12.68%	-40.35%	49.21%	151.01%	-16.09%	74.09%
EPS Growth	60.52%	55.98%	0.00%	0.00%	-1.32%	-2.60%	-32.91%	52.38%	146.00%	-17.39%	63.16%
Operating Cash Flow Growth	94.53%	-82.82%	0.00%	0.00%	125.99%	15.30%	-1.02%	118.57%	87.07%	-11.67%	11.20%
Free Cash Flow Firm Growth	69.43%	-135.68%	-12.20%	34.14%	19.03%	-15.33%	-174.49%	113.34%	369.34%	-50.22%	-85.47%
Invested Capital Growth	-180.52%	-64.83%	0.00%	66.37%	57.01%	180.82%	2,932.38%	-51.48%	-165.65%	-121.52%	25.03%
Revenue Q/Q Growth	0.00%	13.66%	0.00%	0.00%	0.00%	2.48%	3.13%	10.42%	3.83%	-0.72%	2.93%
EBITDA Q/Q Growth	0.00%	15.18%	0.00%	0.00%	0.00%	41.47%	-29.37%	84.19%	52.46%	-2.63%	-6.85%
EBIT Q/Q Growth	0.00%	10.30%	0.00%	0.00%	0.00%	20.86%	-15.71%	34.94%	203.22%	-10.38%	-10.01%
NOPAT Q/Q Growth	0.00%	9.77%	0.00%	0.00%	0.00%	20.02%	-14.76%	43.77%	205.17%	-14.28%	-22.19%
Net Income Q/Q Growth	0.00%	10.11%	0.00%	0.00%	0.00%	21.35%	-15.52%	31.94%	439.55%	-12.84%	-17.73%
EPS Q/Q Growth	0.00%	-319.23%	0.00%	0.00%	0.00%	18.56%	-11.70%	32.43%	360.00%	-9.52%	-22.50%
Operating Cash Flow Q/Q Growth	90.63%	-45.51%	0.00%	0.00%	15.28%	-5.45%	-0.44%	20.30%	14.10%	1.71%	-4.55%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-473.47%	122.06%	22.75%	38.76%	-83.70%
Invested Capital Q/Q Growth	0.00%	-68.53%	0.00%	0.00%	0.00%	-97.06%	0.00%	-9.33%	-25.66%	-51.55%	14.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.87%	65.87%	65.35%	65.48%	66.35%	68.97%	68.22%	67.52%	68.92%	71.40%	69.84%
EBITDA Margin	-40.86%	-22.92%	-26.51%	-9.20%	-6.28%	-4.73%	-10.16%	-0.63%	6.98%	7.60%	8.66%
Operating Margin	-47.73%	-29.94%	-33.63%	-16.34%	-12.45%	-11.64%	-15.50%	-4.51%	3.03%	1.89%	2.69%
EBIT Margin	-48.19%	-29.72%	-33.40%	-15.22%	-13.04%	-11.85%	-16.04%	-5.89%	3.33%	3.20%	4.67%
Profit (Net Income) Margin	-48.54%	-29.97%	-33.66%	-15.60%	-13.12%	-12.23%	-16.75%	-6.57%	2.65%	2.17%	3.37%
Tax Burden Percent	100.74%	100.86%	100.78%	102.49%	100.61%	103.25%	104.41%	111.49%	79.59%	67.68%	72.20%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	-0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	20.41%	32.32%	27.80%
Return on Invested Capital (ROIC)	-2,938.13%	0.00%	0.00%	0.00%	0.00%	0.00%	-146.35%	-38.37%	329.97%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-2,921.42%	0.00%	0.00%	0.00%	0.00%	0.00%	-131.41%	-25.38%	329.17%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	2,885.18%	0.00%	0.00%	0.00%	0.00%	0.00%	110.64%	19.32%	-321.35%	0.00%	0.00%
Return on Equity (ROE)	-52.94%	-42.53%	0.00%	-27.83%	-27.19%	-25.64%	-35.70%	-19.05%	8.62%	5.55%	8.29%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-1,903.34%	-333.58%	30.95%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-34.58%	-24.81%	-27.03%	-13.88%	-11.45%	-8.98%	-10.42%	-4.32%	2.75%	2.52%	3.88%
Return on Assets (ROA)	-34.84%	-25.02%	-27.24%	-14.22%	-11.52%	-9.27%	-10.88%	-4.81%	2.19%	1.70%	2.80%
Return on Common Equity (ROCE)	-17.28%	-42.53%	0.00%	-27.83%	-27.19%	-25.64%	-35.70%	-19.05%	8.62%	5.55%	8.29%
Return on Equity Simple (ROE_SIMPLE)	-37.94%	-46.30%	-	-27.83%	-24.18%	-24.21%	-37.61%	-18.99%	7.76%	4.83%	8.17%
Net Operating Profit after Tax (NOPAT)	-147	-155	-247	-117	-118	-134	-183	-69	66	36	62
NOPAT Margin	-33.41%	-20.95%	-33.89%	-11.44%	-8.71%	-8.15%	-10.85%	-3.16%	2.41%	1.28%	1.94%
Net Nonoperating Expense Percent (NNEP)	-16.71%	-11.58%	0.30%	-7.46%	-8.90%	-8.55%	-14.94%	-12.99%	0.80%	2.04%	3.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	4.39%	2.65%	4.38%
Cost of Revenue to Revenue	38.13%	34.13%	34.65%	34.52%	33.65%	31.03%	31.78%	32.48%	31.08%	28.60%	30.16%
SG&A Expenses to Revenue	17.12%	11.45%	11.63%	9.29%	10.11%	9.93%	10.83%	8.71%	8.64%	8.91%	9.03%
R&D to Revenue	37.85%	33.26%	33.77%	27.25%	25.73%	26.39%	28.53%	26.68%	25.15%	26.03%	25.39%
Operating Expenses to Revenue	109.60%	95.81%	98.97%	81.82%	78.80%	80.61%	83.72%	72.03%	65.89%	69.51%	67.15%
Earnings before Interest and Taxes (EBIT)	-212	-220	-243	-156	-177	-195	-270	-128	92	91	148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-180	-169	-193	-94	-85	-78	-171	-14	192	215	274
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.39	4.75	4.62	7.60	5.87	5.58	8.41	10.14	9.62	10.51	16.93
Price to Tangible Book Value (P/TBV)	4.45	4.82	4.69	7.67	6.12	6.31	20.06	22.97	17.06	15.25	23.88
Price to Revenue (P/Rev)	5.62	3.07	3.04	4.26	3.18	2.82	3.75	3.51	3.29	4.72	6.98
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	123.86	217.74	207.19
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	-11.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.81%	0.46%	0.48%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	478.24	24.00	59.78	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.24	2.33	2.29	3.68	2.63	2.32	3.44	3.22	2.92	4.21	6.53
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	41.78	55.39	75.34
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	87.49	131.47	139.90
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	120.84	328.58	335.96
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	51.80	21.77	20.11	30.92	17.10	10.47	17.57	27.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	126.19	30.80	91.73	1,096.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.61	0.57	1.01	1.04	0.61	0.08	0.08
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.61	0.57	1.01	1.04	0.00	0.08	0.00
Financial Leverage	-0.99	-1.11	0.00	-1.04	-1.03	-1.00	-0.84	-0.76	-0.98	-1.11	-1.12
Leverage Ratio	1.52	1.70	1.88	1.96	2.36	2.77	3.28	3.96	3.94	3.26	2.96
Compound Leverage Factor	1.52	1.70	1.88	1.96	2.36	2.77	3.28	3.96	3.94	3.26	2.96
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	37.88%	36.49%	50.19%	51.05%	37.90%	7.30%	7.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37.90%	0.00%	7.11%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	37.88%	36.49%	50.19%	51.05%	0.00%	7.30%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	62.12%	63.51%	49.81%	48.95%	62.10%	92.70%	92.89%
Debt to EBITDA	0.00	0.00	0.00	0.00	-5.27	-6.13	-4.42	-57.15	2.99	0.47	0.36
Net Debt to EBITDA	0.00	0.00	0.00	0.00	8.76	10.57	2.97	46.27	-5.30	-6.70	-5.23
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-5.27	-6.13	-4.42	-57.15	0.00	0.47	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	-3.80	-3.56	-4.14	-11.42	8.64	2.76	1.62
Net Debt to NOPAT	0.00	0.00	0.00	0.00	6.31	6.14	2.78	9.25	-15.32	-39.75	-23.30
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-3.80	-3.56	-4.14	-11.42	0.00	2.76	0.00
Altman Z-Score	4.47	2.68	2.49	4.71	2.45	2.12	1.82	2.20	2.59	4.02	5.73
Noncontrolling Interest Sharing Ratio	67.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.27	2.86	2.86	2.60	3.34	3.08	2.51	2.30	1.41	1.83	1.61
Quick Ratio	3.96	2.62	2.62	2.32	3.09	2.86	2.25	2.05	1.25	1.61	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-54	-128	-247	-162	-132	-152	-416	56	261	130	19
Operating Cash Flow to CapEx	-19.96%	-18.71%	-18.71%	111.83%	164.02%	215.80%	197.57%	400.96%	485.16%	347.26%	332.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.84	0.81	0.91	0.88	0.76	0.65	0.73	0.82	0.79	0.83
Accounts Receivable Turnover	4.75	5.01	4.31	4.22	4.37	3.93	3.66	4.35	4.77	4.44	4.72
Inventory Turnover	7.95	11.43	10.74	10.26	11.56	12.26	12.56	16.54	19.21	17.44	22.36
Fixed Asset Turnover	9.52	11.01	8.91	11.50	12.68	13.25	11.79	12.17	11.77	9.06	7.78
Accounts Payable Turnover	6.83	5.55	4.79	4.19	4.87	5.63	7.37	10.25	12.42	10.80	9.79
Days Sales Outstanding (DSO)	76.82	72.91	84.72	86.55	83.44	92.99	99.64	83.94	76.53	82.18	77.37
Days Inventory Outstanding (DIO)	45.93	31.94	34.00	35.59	31.59	29.78	29.07	22.07	19.00	20.93	16.33
Days Payable Outstanding (DPO)	53.47	65.76	76.27	87.10	74.94	64.82	49.50	35.62	29.39	33.79	37.27
Cash Conversion Cycle (CCC)	69.28	39.08	42.45	35.05	40.08	57.94	79.21	70.39	66.14	69.32	56.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-41	-68	-68	-23	-9.86	7.97	242	117	-77	-171	-128
Invested Capital Turnover	87.93	-13.49	-10.67	-22.48	-82.89	-1,737.25	13.49	12.15	136.69	-22.86	-21.23
Increase / (Decrease) in Invested Capital	-93	-27	0.00	45	13	18	234	-124	-194	-94	43
Enterprise Value (EV)	1,869	1,726	1,665	3,769	3,580	3,813	5,802	7,012	8,032	11,909	20,681
Market Capitalization	2,474	2,273	2,211	4,366	4,327	4,635	6,310	7,649	9,050	13,350	22,116
Book Value per Share	$2.96	$2.39	$2.46	$2.65	$3.05	$3.19	$2.75	$2.60	$3.11	$4.02	$4.00
Tangible Book Value per Share	$2.93	$2.36	$2.43	$2.63	$2.92	$2.82	$1.15	$1.15	$1.75	$2.77	$2.84
Total Capital	563	478	478	574	1,188	1,307	1,506	1,541	1,516	1,370	1,406
Total Debt	0.00	0.00	0.00	0.00	450	477	756	787	575	100	100
Total Long-Term Debt	0.00	0.00	0.00	0.00	450	477	756	787	0.00	100	0.00
Net Debt	-605	-547	-547	-597	-748	-822	-508	-637	-1,018	-1,441	-1,434
Capital Expenditures (CapEx)	39	77	77	65	100	88	95	102	158	195	227
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.20	-40	-40	-17	-5.46	-24	-106	-173	-283	-399	-451
Debt-free Net Working Capital (DFNWC)	604	507	507	581	1,192	1,276	1,148	1,240	1,299	1,132	1,071
Net Working Capital (NWC)	604	507	507	581	1,192	1,276	1,148	1,240	725	1,132	971
Net Nonoperating Expense (NNE)	67	67	-1.64	43	60	67	99	74	-6.60	-25	-45
Net Nonoperating Obligations (NNO)	-605	-547	-547	-597	-748	-822	-508	-637	-1,018	-1,441	-1,434
Total Depreciation and Amortization (D&A)	32	50	50	62	92	117	99	115	100	124	127
Debt-free, Cash-free Net Working Capital to Revenue	-0.27%	-5.37%	-5.45%	-1.62%	-0.40%	-1.43%	-6.30%	-7.95%	-10.27%	-14.09%	-14.24%
Debt-free Net Working Capital to Revenue	137.06%	68.58%	69.64%	56.68%	87.66%	77.62%	68.13%	56.85%	47.20%	40.00%	33.80%
Net Working Capital to Revenue	137.06%	68.58%	69.64%	56.68%	87.66%	77.62%	68.13%	56.85%	26.33%	40.00%	30.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.59)	($1.26)	$0.00	($0.84)	($0.77)	($0.79)	($1.05)	($0.50)	$0.24	$0.20	$0.33
Adjusted Weighted Average Basic Shares Outstanding	192.11M	206.61M	194.50M	229.24M	244.93M	534.06M	280.34M	285.88M	299.48M	311.83M	325.77M
Adjusted Diluted Earnings per Share	($2.59)	($1.26)	$0.00	($0.84)	($0.77)	($0.79)	($1.05)	($0.50)	$0.23	$0.19	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	192.11M	206.61M	194.50M	229.24M	244.93M	534.06M	280.34M	285.88M	339.18M	332.57M	342.70M
Adjusted Basic & Diluted Earnings per Share	($2.59)	($1.26)	$0.00	($0.84)	($0.77)	($0.79)	($1.05)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	82.46M	194.71M	194.71M	211.61M	232.04M	252.82M	267.82M	298.50M	308.05M	324.91M	326.02M
Normalized Net Operating Profit after Tax (NOPAT)	-147	-134	-150	-117	-118	-134	-161	-69	66	59	73
Normalized NOPAT Margin	-33.41%	-18.11%	-20.66%	-11.44%	-8.71%	-8.15%	-9.56%	-3.16%	2.41%	2.08%	2.31%
Pre Tax Income Margin	-48.19%	-29.72%	-33.40%	-15.22%	-13.04%	-11.85%	-16.04%	-5.89%	3.33%	3.20%	4.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-1.73%	0.00%	0.00%	0.00%	-47.45%	-7.47%	-47.92%	-139.73%	299.80%	221.50%	350.37%

This table displays calculated financial ratios and metrics derived from Pure Storage's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.18%	20.14%	14.34%	-5.01%	6.48%	12.84%	-2.52%	17.68%	10.91%	8.94%	11.40%
EBITDA Growth	371.26%	861.52%	111.01%	-354.93%	-20.99%	246.59%	-5.30%	120.61%	161.40%	-5.85%	-19.46%
EBIT Growth	136.16%	124.27%	311.40%	-458.85%	-96.94%	1,156.45%	-12.91%	53.91%	9,575.76%	-3.21%	-23.22%
NOPAT Growth	144.19%	91.01%	162.83%	-1,472.45%	821.92%	5,884.16%	-10.36%	41.83%	-79.30%	-24.87%	-37.49%
Net Income Growth	124.13%	97.26%	398.37%	-484.32%	-165.14%	9,043.96%	-12.13%	48.06%	601.39%	-9.59%	-35.15%
EPS Growth	118.75%	100.00%	300.00%	-450.00%	-166.67%	0.00%	-8.33%	50.00%	600.00%	-9.52%	-40.91%
Operating Cash Flow Growth	29.17%	21.76%	68.57%	-21.30%	-36.24%	2.42%	4.89%	27.85%	122.99%	-38.78%	-14.69%
Free Cash Flow Firm Growth	212.80%	233.44%	72.49%	-42.16%	-5.11%	-38.23%	-42.16%	-68.72%	-28.87%	-26.49%	-106.51%
Invested Capital Growth	-122.21%	-147.37%	-165.65%	-6,487.99%	-296.26%	-83.67%	-121.52%	-37.99%	-85.21%	-32.54%	25.03%
Revenue Q/Q Growth	4.25%	4.53%	19.84%	-27.26%	16.86%	10.77%	3.54%	-12.20%	10.14%	8.81%	5.87%
EBITDA Q/Q Growth	225.93%	-17.50%	241.63%	-127.75%	201.01%	261.92%	-6.65%	-93.96%	1,181.13%	30.36%	-20.15%
EBIT Q/Q Growth	239.08%	-57.73%	1,186.42%	-173.89%	100.76%	17,235.15%	-10.83%	-139.10%	260.08%	73.40%	-29.26%
NOPAT Q/Q Growth	428.27%	-110.84%	5,301.64%	-184.96%	292.46%	-32.00%	-19.39%	-155.13%	168.49%	146.82%	-32.93%
Net Income Q/Q Growth	194.69%	-107.21%	9,562.64%	-190.51%	89.44%	1,089.30%	-7.03%	-153.50%	201.90%	78.39%	-33.32%
EPS Q/Q Growth	175.00%	-100.00%	0.00%	-191.67%	90.91%	1,150.00%	4.76%	-150.00%	190.91%	90.00%	-31.58%
Operating Cash Flow Q/Q Growth	-27.60%	-2.94%	50.63%	-25.65%	-41.35%	55.91%	54.28%	-9.38%	2.30%	-57.20%	114.97%
Free Cash Flow Firm Q/Q Growth	-4.93%	-14.61%	33.75%	-46.73%	55.99%	-44.42%	25.24%	-71.19%	254.69%	-42.56%	-111.09%
Invested Capital Q/Q Growth	-1,245.83%	-59.44%	-25.66%	-144.32%	19.05%	26.10%	-51.55%	-52.19%	-8.65%	47.11%	14.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.58%	68.98%	69.28%	70.14%	70.66%	72.46%	71.98%	71.48%	70.71%	70.14%	67.51%
EBITDA Margin	6.00%	4.74%	13.51%	-5.15%	4.46%	14.56%	13.12%	0.90%	10.50%	12.58%	9.49%
Operating Margin	2.22%	1.35%	7.97%	-12.19%	-0.90%	9.73%	7.27%	-6.02%	3.26%	7.18%	4.83%
EBIT Margin	2.31%	0.93%	10.03%	-10.19%	0.07%	10.41%	8.96%	-3.99%	5.80%	9.25%	6.18%
Profit (Net Income) Margin	1.69%	-0.12%	9.19%	-11.44%	-1.03%	9.23%	8.29%	-5.05%	4.67%	7.66%	4.82%
Tax Burden Percent	73.07%	-12.45%	91.61%	112.21%	-1,553.49%	88.66%	92.43%	126.46%	80.50%	82.82%	78.06%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	26.93%	112.45%	8.39%	0.00%	1,653.49%	11.34%	7.57%	0.00%	19.50%	17.18%	21.94%
Return on Invested Capital (ROIC)	61.21%	-13.11%	998.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	61.14%	-13.15%	996.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-55.50%	12.58%	-972.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	5.71%	-0.53%	25.52%	2.11%	-0.10%	7.07%	5.55%	8.22%	11.19%	10.14%	8.29%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	2.01%	0.81%	8.27%	-9.59%	0.06%	8.98%	7.05%	-3.56%	5.05%	7.89%	5.14%
Return on Assets (ROA)	1.47%	-0.10%	7.58%	-10.76%	-0.92%	7.96%	6.52%	-4.50%	4.07%	6.54%	4.01%
Return on Common Equity (ROCE)	5.71%	-0.53%	25.52%	2.11%	-0.10%	7.07%	5.55%	8.22%	11.19%	10.14%	8.29%
Return on Equity Simple (ROE_SIMPLE)	-1.89%	1.61%	0.00%	1.90%	-0.08%	6.13%	0.00%	6.82%	9.39%	9.20%	0.00%
Net Operating Profit after Tax (NOPAT)	10	-1.14	59	-50	97	66	53	-29	20	49	33
NOPAT Margin	1.62%	-0.17%	7.30%	-8.53%	14.05%	8.62%	6.72%	-4.22%	2.62%	5.95%	3.77%
Net Nonoperating Expense Percent (NNEP)	0.06%	0.05%	1.85%	-1.88%	-10.72%	0.43%	1.01%	-0.42%	1.09%	1.01%	0.65%
Return On Investment Capital (ROIC_SIMPLE)	-	-	3.90%	-	-	5.27%	3.87%	-	-	3.27%	2.36%
Cost of Revenue to Revenue	31.42%	31.02%	30.72%	29.86%	29.34%	27.54%	28.02%	28.52%	29.29%	29.86%	32.49%
SG&A Expenses to Revenue	8.76%	9.62%	7.99%	11.43%	8.83%	8.49%	7.51%	11.07%	9.09%	8.10%	8.26%
R&D to Revenue	25.62%	26.63%	22.90%	31.45%	26.50%	23.87%	23.66%	27.95%	25.60%	24.08%	24.44%
Operating Expenses to Revenue	66.36%	67.63%	61.31%	82.33%	71.56%	62.73%	64.72%	77.50%	67.46%	62.96%	62.69%
Earnings before Interest and Taxes (EBIT)	15	6.32	81	-60	0.46	79	71	-28	44	77	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	32	109	-30	31	111	104	6.26	80	105	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.52	10.79	9.62	7.70	11.71	9.50	10.51	12.35	12.15	11.84	16.93
Price to Tangible Book Value (P/TBV)	25.62	21.30	17.06	13.97	19.77	14.54	15.25	17.26	16.58	16.27	23.88
Price to Revenue (P/Rev)	3.46	3.42	3.29	2.56	4.18	3.83	4.72	5.78	5.87	5.42	6.98
Price to Earnings (P/E)	0.00	669.66	123.86	405.36	0.00	155.04	217.74	181.14	129.36	128.69	207.19
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.15%	0.81%	0.25%	0.00%	0.65%	0.46%	0.55%	0.77%	0.78%	0.48%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.14	3.08	2.92	2.16	3.77	3.38	4.21	5.23	5.29	4.92	6.53
Enterprise Value to EBITDA (EV/EBITDA)	89.04	64.77	41.78	39.21	73.41	43.68	55.39	60.96	52.87	51.37	75.34
Enterprise Value to EBIT (EV/EBIT)	0.00	269.75	87.49	138.39	371.74	95.42	131.47	124.75	95.44	92.14	139.90
Enterprise Value to NOPAT (EV/NOPAT)	530.03	374.97	120.84	892.80	80,999.50	228.12	328.58	240.82	169.66	191.32	335.96
Enterprise Value to Operating Cash Flow (EV/OCF)	12.36	12.15	10.47	8.16	15.71	14.47	17.57	21.13	18.71	19.17	27.44
Enterprise Value to Free Cash Flow (EV/FCFF)	35.19	38.45	30.80	30.64	91.31	103.09	91.73	113.48	71.20	130.77	1,096.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.68	0.61	0.11	0.10	0.09	0.08	0.07	0.07	0.07	0.08
Long-Term Debt to Equity	0.00	0.00	0.00	0.11	0.10	0.09	0.08	0.07	0.07	0.00	0.00
Financial Leverage	-0.91	-0.96	-0.98	-1.12	-1.11	-1.09	-1.11	-1.20	-1.18	-1.10	-1.12
Leverage Ratio	4.00	3.90	3.94	3.54	3.54	3.32	3.26	2.89	2.83	2.82	2.96
Compound Leverage Factor	4.00	3.90	3.94	3.54	3.54	3.32	3.26	2.89	2.83	2.82	2.96
Debt to Total Capital	42.95%	40.57%	37.90%	9.94%	9.21%	8.01%	7.30%	6.78%	6.44%	6.62%	7.11%
Short-Term Debt to Total Capital	42.95%	40.57%	37.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.62%	7.11%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	9.94%	9.21%	8.01%	7.30%	6.78%	6.44%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.05%	59.43%	62.10%	90.06%	90.79%	91.99%	92.70%	93.22%	93.56%	93.38%	92.89%
Debt to EBITDA	6.40	4.55	2.99	0.67	0.71	0.45	0.47	0.40	0.33	0.34	0.36
Net Debt to EBITDA	-8.93	-7.15	-5.30	-7.30	-8.03	-5.71	-6.70	-6.49	-5.76	-5.29	-5.23
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.67	0.71	0.45	0.47	0.40	0.33	0.00	0.00
Debt to NOPAT	38.11	26.35	8.64	15.18	778.15	2.37	2.76	1.57	1.07	1.26	1.62
Net Debt to NOPAT	-53.18	-41.40	-15.32	-166.10	-8,860.32	-29.82	-39.75	-25.65	-18.49	-19.72	-23.30
Long-Term Debt to NOPAT	0.00	0.00	0.00	15.18	778.15	2.37	2.76	1.57	1.07	0.00	0.00
Altman Z-Score	2.60	2.60	2.58	2.44	3.71	3.61	4.00	5.13	5.24	4.80	5.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.36	1.41	1.69	1.70	1.82	1.83	2.00	1.99	1.77	1.61
Quick Ratio	1.16	1.17	1.25	1.42	1.46	1.61	1.61	1.75	1.74	1.54	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	222	190	253	135	211	117	147	42	150	86	-9.54
Operating Cash Flow to CapEx	632.86%	387.55%	386.90%	336.90%	184.41%	351.59%	560.99%	453.73%	377.44%	156.98%	371.76%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.87	0.82	0.94	0.89	0.86	0.79	0.89	0.87	0.85	0.83
Accounts Receivable Turnover	6.68	6.72	4.77	7.39	5.96	5.32	4.44	7.20	6.39	5.07	4.72
Inventory Turnover	16.45	16.19	19.21	17.99	16.77	15.80	17.44	17.97	18.73	20.30	22.36
Fixed Asset Turnover	0.00	12.01	11.77	10.67	10.14	9.73	9.06	8.75	8.33	8.01	7.78
Accounts Payable Turnover	13.78	11.08	12.42	12.89	10.33	8.21	10.80	13.09	10.27	8.77	9.79
Days Sales Outstanding (DSO)	54.67	54.35	76.53	49.42	61.22	68.62	82.18	50.66	57.10	72.01	77.37
Days Inventory Outstanding (DIO)	22.19	22.55	19.00	20.29	21.76	23.10	20.93	20.31	19.48	17.98	16.33
Days Payable Outstanding (DPO)	26.48	32.95	29.39	28.32	35.34	44.47	33.79	27.89	35.55	41.61	37.27
Cash Conversion Cycle (CCC)	50.38	43.96	66.14	41.39	47.64	47.24	69.32	43.08	41.04	48.38	56.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-38	-61	-77	-188	-152	-113	-171	-260	-282	-149	-128
Invested Capital Turnover	37.72	77.89	136.69	-28.50	-28.98	-32.80	-22.86	-13.11	-13.86	-23.52	-21.23
Increase / (Decrease) in Invested Capital	-211	-191	-194	-185	-114	-51	-94	-71	-130	-37	43
Enterprise Value (EV)	7,971	8,167	8,032	5,880	10,409	9,645	11,909	15,340	15,922	15,136	20,681
Market Capitalization	8,771	9,069	9,050	6,974	11,548	10,906	13,350	16,973	17,657	16,696	22,116
Book Value per Share	$2.57	$2.81	$3.11	$2.94	$3.21	$3.68	$4.02	$4.23	$4.47	$4.30	$4.00
Tangible Book Value per Share	$1.16	$1.42	$1.75	$1.62	$1.90	$2.40	$2.77	$3.03	$3.27	$3.13	$2.84
Total Capital	1,335	1,414	1,516	1,006	1,086	1,248	1,370	1,474	1,553	1,511	1,406
Total Debt	573	574	575	100	100	100	100	100	100	100	100
Total Long-Term Debt	0.00	0.00	0.00	100	100	100	100	100	100	0.00	0.00
Net Debt	-800	-902	-1,018	-1,094	-1,139	-1,261	-1,441	-1,634	-1,735	-1,560	-1,434
Capital Expenditures (CapEx)	25	40	60	51	55	45	44	49	60	62	56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-294	-306	-283	-422	-391	-342	-399	-503	-550	-434	-451
Debt-free Net Working Capital (DFNWC)	1,069	1,159	1,299	762	837	1,009	1,132	1,221	1,270	1,215	1,071
Net Working Capital (NWC)	496	586	725	762	837	1,009	1,132	1,221	1,270	1,115	971
Net Nonoperating Expense (NNE)	-0.43	-0.35	-15	17	104	-4.60	-12	5.77	-16	-14	-9.28
Net Nonoperating Obligations (NNO)	-800	-902	-1,018	-1,094	-1,139	-1,261	-1,441	-1,634	-1,735	-1,560	-1,434
Total Depreciation and Amortization (D&A)	24	26	28	30	30	32	33	34	36	28	29
Debt-free, Cash-free Net Working Capital to Revenue	-11.56%	-11.53%	-10.27%	-15.52%	-14.16%	-11.99%	-14.09%	-17.12%	-18.29%	-14.08%	-14.24%
Debt-free Net Working Capital to Revenue	42.11%	43.72%	47.20%	27.97%	30.29%	35.40%	40.00%	41.62%	42.20%	39.47%	33.80%
Net Working Capital to Revenue	19.53%	22.08%	26.33%	27.97%	30.29%	35.40%	40.00%	41.62%	42.20%	36.22%	30.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.00	$0.24	($0.22)	($0.02)	$0.22	$0.22	($0.11)	$0.11	$0.19	$0.14
Adjusted Weighted Average Basic Shares Outstanding	297.48M	300.98M	299.48M	305.86M	309.51M	314.15M	311.83M	322.59M	326.33M	327.68M	325.77M
Adjusted Diluted Earnings per Share	$0.03	$0.00	$0.24	($0.22)	($0.02)	$0.21	$0.22	($0.11)	$0.10	$0.19	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	312.72M	300.98M	339.18M	305.86M	309.51M	330.26M	332.57M	322.59M	343.44M	340.56M	342.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	298.92M	302.59M	308.05M	307.53M	311.96M	315.97M	324.91M	325.23M	327.69M	326.24M	326.02M
Normalized Net Operating Profit after Tax (NOPAT)	10	6.39	59	-50	7.38	66	69	-18	20	49	33
Normalized NOPAT Margin	1.62%	0.95%	7.30%	-8.53%	1.07%	8.62%	8.69%	-2.61%	2.62%	5.95%	3.77%
Pre Tax Income Margin	2.31%	0.93%	10.03%	-10.19%	0.07%	10.41%	8.96%	-3.99%	5.80%	9.25%	6.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-1,755.27%	1,632.77%	299.80%	1,293.57%	-22,109.38%	258.51%	221.50%	70.32%	32.18%	156.82%	350.37%

Frequently Asked Questions About Pure Storage's Financials

When does Pure Storage's fiscal year end?

According to the most recent income statement we have on file, Pure Storage's financial year ends in February. Their financial year 2025 ended on February 2, 2025.

How has Pure Storage's net income changed over the last 9 years?

Pure Storage's net income appears to be on a downward trend, with a most recent value of $106.74 million in 2025, falling from -$213.75 million in 2015. The previous period was $61.31 million in 2024.

What is Pure Storage's operating income?

Pure Storage's total operating income in 2025 was $85.26 million, based on the following breakdown:

Total Gross Profit: $2.21 billion
Total Operating Expenses: $2.13 billion

How has Pure Storage revenue changed over the last 9 years?

Over the last 9 years, Pure Storage's total revenue changed from $440.33 million in 2015 to $3.17 billion in 2025, a change of 619.5%.

How much debt does Pure Storage have?

Pure Storage's total liabilities were at $2.66 billion at the end of 2025, a 11.4% increase from 2024, and a 764.4% increase since 2015.

How much cash does Pure Storage have?

In the past 9 years, Pure Storage's cash and equivalents has ranged from $183.68 million in 2016 to $723.58 million in 2025, and is currently $723.58 million as of their latest financial filing in 2025.

How has Pure Storage's book value per share changed over the last 10 years?

Over the last 10 years, Pure Storage's book value per share changed from 2.96 in 2015 to 4.00 in 2025, a change of 35.2%.

Remove Ads

Related Companies

This page (NYSE:PSTG) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Pure Storage (PSTG) Financials

Frequently Asked Questions About Pure Storage's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Pure Storage (PSTG) Financials

Annual Income Statements for Pure Storage

Quarterly Income Statements for Pure Storage

Annual Cash Flow Statements for Pure Storage

Quarterly Cash Flow Statements for Pure Storage

Annual Balance Sheets for Pure Storage

Quarterly Balance Sheets for Pure Storage

Annual Metrics and Ratios for Pure Storage

Quarterly Metrics and Ratios for Pure Storage

Frequently Asked Questions About Pure Storage's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools