Pure Storage (PSTG) Financials

$51.98 -3.16 (-5.73%)

As of 11:08 AM 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	2025	2024	2023	2022	2021	2020	2019	2018	2016	2015
Period end date	2/2/2025	2/4/2024	2/5/2023	2/6/2022	1/31/2021	2/2/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016
Net Income / (Loss) Attributable to Common Shareholders	107	61	73	-143	-282	-201	-178	-160	-222	-214
Consolidated Net Income / (Loss)	107	61	73	-143	-282	-201	-178	-160	-222	-214
Net Income / (Loss) Continuing Operations	107	61	73	-143	-282	-201	-178	-160	-222	-214
Total Pre-Tax Income	148	91	92	-128	-270	-195	-177	-156	-220	-212
Total Operating Income	85	54	84	-98	-261	-191	-169	-167	-221	-210
Total Gross Profit	2,213	2,021	1,898	1,473	1,149	1,134	902	671	487	272
Total Revenue	3,168	2,831	2,753	2,181	1,684	1,643	1,360	1,025	739	440
Operating Revenue	3,168	2,831	2,753	2,181	1,684	1,643	1,360	1,025	739	440
Total Cost of Revenue	955	809	856	708	535	510	458	354	252	168
Operating Cost of Revenue	955	809	856	708	535	510	458	354	252	168
Total Operating Expenses	2,127	1,968	1,814	1,571	1,410	1,325	1,072	838	708	483
Selling, General & Admin Expense	286	252	238	190	182	163	138	95	85	75
Marketing Expense	1,021	945	884	799	716	728	584	464	348	241
Research & Development Expense	804	737	693	582	480	434	350	279	246	167
Restructuring Charge	16	34	0.00	0.00	31	0.00	0.00	-	-	-
Total Other Income / (Expense), net	63	37	8.30	-30	-9.13	-3.38	-8.02	11	1.63	-2.00
Other Income / (Expense), net	63	37	8.30	-30	-9.13	-3.38	-8.02	11	1.63	-2.00
Income Tax Expense	41	29	19	15	12	6.32	1.09	3.89	1.89	1.57
Basic Earnings per Share	$0.33	$0.20	$0.24	($0.50)	($1.05)	($0.79)	($0.77)	($0.76)	($1.14)	($2.59)
Weighted Average Basic Shares Outstanding	325.77M	311.83M	299.48M	285.88M	267.82M	252.82M	232.04M	211.61M	194.71M	82.46M
Diluted Earnings per Share	$0.31	$0.19	$0.23	($0.50)	($1.05)	($0.79)	($0.77)	($0.76)	($1.14)	($2.59)
Weighted Average Diluted Shares Outstanding	342.70M	332.57M	339.18M	285.88M	267.82M	252.82M	232.04M	211.61M	194.71M	82.46M
Weighted Average Basic & Diluted Shares Outstanding	326.02M	324.91M	308.05M	298.50M	267.82M	252.82M	232.04M	211.61M	194.71M	82.46M

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	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/2/2025	11/3/2024	8/4/2024	5/5/2024	2/4/2024	11/5/2023	8/6/2023	5/7/2023	2/5/2023	11/6/2022	8/7/2022
Net Income / (Loss) Attributable to Common Shareholders	42	64	36	-35	65	70	-7.12	-67	74	-0.79	11
Consolidated Net Income / (Loss)	42	64	36	-35	65	70	-7.12	-67	74	-0.79	11
Net Income / (Loss) Continuing Operations	42	64	36	-35	65	70	-7.12	-67	74	-0.79	11
Total Pre-Tax Income	54	77	44	-28	71	79	0.46	-60	81	6.32	15
Total Operating Income	42	60	25	-42	57	74	-6.23	-72	65	9.13	14
Total Gross Profit	594	583	540	496	569	553	487	413	561	466	444
Total Revenue	880	831	764	693	790	763	689	589	810	676	647
Operating Revenue	880	831	764	693	790	763	689	589	810	676	647
Total Cost of Revenue	286	248	224	198	221	210	202	176	249	210	203
Operating Cost of Revenue	286	248	224	198	221	210	202	176	249	210	203
Total Operating Expenses	552	523	515	537	511	479	493	485	497	457	429
Selling, General & Admin Expense	73	67	69	77	59	65	61	67	65	65	57
Marketing Expense	264	256	250	251	248	232	233	232	246	212	207
Research & Development Expense	215	200	195	194	187	182	182	185	186	180	166
Total Other Income / (Expense), net	12	17	19	14	13	5.18	6.69	12	17	-2.81	0.59
Other Income / (Expense), net	12	17	19	14	13	5.18	6.69	12	17	-2.81	0.59
Income Tax Expense	12	13	8.64	7.33	5.36	9.01	7.57	7.34	6.82	7.11	4.03
Basic Earnings per Share	$0.14	$0.19	$0.11	($0.11)	$0.22	$0.22	($0.02)	($0.22)	$0.24	$0.00	$0.04
Weighted Average Basic Shares Outstanding	325.77M	327.68M	326.33M	322.59M	311.83M	314.15M	309.51M	305.86M	299.48M	300.98M	297.48M
Diluted Earnings per Share	$0.13	$0.19	$0.10	($0.11)	$0.22	$0.21	($0.02)	($0.22)	$0.24	$0.00	$0.03
Weighted Average Diluted Shares Outstanding	342.70M	340.56M	343.44M	322.59M	332.57M	330.26M	309.51M	305.86M	339.18M	300.98M	312.72M
Weighted Average Basic & Diluted Shares Outstanding	326.02M	326.24M	327.69M	325.23M	324.91M	315.97M	311.96M	307.53M	308.05M	302.59M	298.92M

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	2025	2024	2023	2022	2021	2020	2019	2018	2016	2015
Period end date	2/2/2025	2/4/2024	2/5/2023	2/6/2022	1/31/2021	2/2/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016
Net Change in Cash & Equivalents	26	121	115	129	-30	-86	205	62	-415	412
Net Cash From Operating Activities	754	678	767	410	188	190	164	73	-14	-7.86
Net Cash From Continuing Operating Activities	754	678	767	410	188	190	164	73	-14	-7.86
Net Income / (Loss) Continuing Operations	107	61	73	-143	-282	-201	-178	-160	-222	-214
Consolidated Net Income / (Loss)	107	61	73	-143	-282	-201	-178	-160	-222	-214
Depreciation Expense	127	124	100	83	70	90	71	62	50	32
Non-Cash Adjustments To Reconcile Net Income	468	385	369	330	286	255	206	153	119	69
Changes in Operating Assets and Liabilities, net	52	107	225	108	85	19	45	18	38	105
Net Cash From Investing Activities	-218	3.25	-221	-153	-418	-325	-511	-57	-442	-42
Net Cash From Continuing Investing Activities	-218	3.25	-221	-153	-418	-325	-511	-57	-442	-42
Purchase of Property, Plant & Equipment	-227	-195	-158	-102	-95	-88	-100	-65	-77	-39
Purchase of Investments	-503	-472	-501	-618	-574	-796	-665	-203	-527	0.00
Sale and/or Maturity of Investments	513	665	440	567	595	619	273	211	163	0.00
Other Investing Activities, net	-1.75	5.00	-1.99	-	-5.00	0.00	-5.00	-	-	-2.49
Net Cash From Financing Activities	-510	-560	-431	-128	200	49	552	47	41	462
Net Cash From Continuing Financing Activities	-510	-560	-431	-128	200	49	552	47	41	462
Repayment of Debt	-8.12	-586	-257	-2.14	0.00	-12	-6.10	0.00	0.00	-
Repurchase of Common Equity	-374	-136	-219	-200	-135	-15	-85	0.00	0.00	-3.70
Issuance of Debt	0.00	107	0.00	0.00	252	0.00	562	0.00	0.00	-
Issuance of Common Equity	52	45	40	37	32	43	33	22	26	459
Other Financing Activities, net	-179	9.79	5.18	38	51	33	47	25	15	6.01
Cash Interest Paid	7.18	5.83	1.19	5.02	2.28	0.72	0.37	0.00	0.00	-
Cash Income Taxes Paid	38	29	14	13	11	4.82	4.70	3.09	2.87	1.12

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	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/2/2025	11/3/2024	8/4/2024	5/5/2024	2/4/2024	11/5/2023	8/6/2023	5/7/2023	2/5/2023	11/6/2022	8/7/2022
Net Change in Cash & Equivalents	-170	-72	70	198	173	120	31	-203	-215	143	197
Net Cash From Operating Activities	209	97	227	222	244	158	102	173	233	155	159
Net Cash From Continuing Operating Activities	209	97	227	222	244	158	102	173	233	155	159
Net Income / (Loss) Continuing Operations	42	64	36	-35	65	70	-7.12	-67	74	-0.79	11
Consolidated Net Income / (Loss)	42	64	36	-35	65	70	-7.12	-67	74	-0.79	11
Depreciation Expense	29	28	36	34	33	32	30	30	28	26	24
Non-Cash Adjustments To Reconcile Net Income	115	113	114	126	92	93	114	87	95	96	95
Changes in Operating Assets and Liabilities, net	22	-107	41	97	54	-36	-35	124	35	34	30
Net Cash From Investing Activities	-125	39	-85	-48	-42	-37	-69	151	-382	-3.49	98
Net Cash From Continuing Investing Activities	-125	39	-85	-48	-42	-37	-69	151	-382	-3.49	98
Purchase of Property, Plant & Equipment	-56	-62	-60	-49	-44	-45	-55	-51	-60	-40	-25
Purchase of Investments	-189	-44	-105	-165	-120	-105	-118	-129	-409	-75	-
Sale and/or Maturity of Investments	122	145	81	166	117	113	104	331	88	111	125
Net Cash From Financing Activities	-253	-209	-72	25	-30	-0.91	-2.11	-528	-66	-7.84	-60
Net Cash From Continuing Financing Activities	-253	-209	-72	25	-30	-0.91	-2.11	-528	-66	-7.84	-60
Repayment of Debt	-2.40	-1.79	-2.84	-1.10	-1.62	-7.52	-0.29	-577	-1.10	-4.57	-0.18
Repurchase of Common Equity	-192	-182	-	0.00	-21	-22	-22	-70	-68	-25	-61
Other Financing Activities, net	-59	-51	-70	0.75	-6.54	-1.70	20	-2.13	2.18	0.72	1.07
Cash Interest Paid	1.88	1.79	1.78	1.74	1.85	1.85	1.75	0.39	0.03	0.41	0.03
Cash Income Taxes Paid	8.56	6.37	20	3.54	9.21	5.47	4.66	9.33	5.94	3.64	2.97

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	2025	2024	2023	2022	2021	2020	2019	2018	2016	2015
Period end date	2/2/2025	2/4/2024	2/5/2023	2/6/2022	1/31/2021	2/2/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016
Total Assets	3,964	3,656	3,543	3,135	2,819	2,364	1,973	1,124	900	871
Total Current Assets	2,567	2,498	2,475	2,192	1,908	1,890	1,702	943	780	788
Cash & Equivalents	724	703	581	466	337	363	448	244	184	605
Short-Term Investments	798	829	1,001	947	916	937	749	353	363	0.00
Accounts Receivable	681	662	612	542	461	459	379	243	169	126
Inventories, net	43	43	50	39	47	39	45	34	23	21
Prepaid Expenses	223	173	161	116	90	57	52	48	25	21
Other Current Assets	99	89	69	82	57	37	29	21	16	16
Plant, Property, & Equipment, net	462	353	272	195	163	123	125	89	82	53
Total Noncurrent Assets	935	805	796	748	748	351	146	91	38	30
Long-Term Investments	13	9.60	11	11	11	-	-	-	-	-
Goodwill	361	361	361	359	359	38	11	0.00	-	-
Intangible Assets	19	33	49	63	77	58	20	5.06	6.56	6.98
Other Noncurrent Operating Assets	542	401	375	316	302	255	115	85	31	23
Total Liabilities & Shareholders' Equity	3,964	3,656	3,543	3,135	2,819	2,364	1,973	1,124	900	871
Total Liabilities	2,657	2,386	2,602	2,381	2,069	1,534	1,235	550	421	307
Total Current Liabilities	1,597	1,366	1,750	952	761	615	510	363	273	185
Short-Term Debt	100	0.00	575	0.00	-	-	-	-	-	-
Accounts Payable	112	83	67	71	68	78	103	84	53	38
Accrued Expenses	157	136	124	79	62	47	40	27	22	14
Current Deferred Revenue	954	852	718	563	438	356	267	191	158	95
Current Employee Benefit Liabilities	230	250	233	205	161	107	100	60	39	33
Other Current Liabilities	43	45	34	35	32	27	-	-	1.36	4.76
Total Noncurrent Liabilities	1,061	1,020	852	1,429	1,309	919	725	187	148	123
Long-Term Debt	0.00	100	0.00	787	756	477	450	0.00	-	-
Noncurrent Deferred Revenue	841	742	668	517	405	341	269	183	145	122
Other Noncurrent Operating Liabilities	219	178	185	125	148	101	6.27	4.03	3.16	1.21
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	1,306	1,270	941	754	750	830	738	574	478	563
Total Preferred & Common Equity	1,306	1,270	941	754	750	830	738	574	478	563
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	1,306	1,270	941	754	750	830	738	574	478	563
Common Stock	2,675	2,750	2,494	2,471	2,308	2,108	1,820	1,480	1,281	1,119
Retained Earnings	-1,369	-1,476	-1,537	-1,708	-1,565	-1,283	-1,082	-904	-802	-555
Accumulated Other Comprehensive Income / (Loss)	0.95	-3.78	-16	-8.37	7.41	5.45	-0.34	-1.92	-0.56	0.00

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 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	11/3/2024	8/4/2024	5/5/2024	11/5/2023	8/6/2023	5/7/2023	11/6/2022	8/7/2022	5/8/2022	10/31/2021
Total Assets	3,854	3,781	3,624	3,356	3,134	2,959	3,253	3,050	2,828	2,856
Total Current Assets	2,560	2,553	2,448	2,247	2,041	1,868	2,209	2,021	1,875	1,927
Cash & Equivalents	895	965	901	529	409	378	796	653	455	405
Short-Term Investments	754	855	823	822	820	806	669	710	837	958
Accounts Receivable	578	417	423	636	525	391	436	402	346	354
Inventories, net	42	44	41	46	47	52	60	52	41	44
Prepaid Expenses	204	185	174	139	168	172	179	133	128	102
Other Current Assets	87	87	85	74	71	69	69	71	67	63
Plant, Property, & Equipment, net	431	397	368	338	326	303	249	220	207	193
Total Noncurrent Assets	863	832	808	771	767	789	796	809	746	736
Long-Term Investments	11	15	9.60	9.96	9.96	9.96	11	11	11	11
Goodwill	361	361	361	361	361	361	361	361	359	359
Intangible Assets	23	27	29	37	41	45	53	58	59	67
Other Noncurrent Operating Assets	468	428	408	363	355	372	370	380	319	300
Total Liabilities & Shareholders' Equity	3,854	3,781	3,624	3,356	3,134	2,959	3,253	3,050	2,828	2,856
Total Liabilities	2,444	2,328	2,250	2,207	2,148	2,053	2,412	2,289	2,101	2,131
Total Current Liabilities	1,445	1,283	1,226	1,238	1,204	1,106	1,623	1,525	1,441	780
Short-Term Debt	100	-	-	0.00	0.00	0.00	574	573	573	-
Accounts Payable	102	68	56	101	98	71	103	64	59	49
Accrued Expenses	142	119	128	141	129	121	109	94	84	74
Current Deferred Revenue	897	869	860	802	770	732	647	610	577	499
Current Employee Benefit Liabilities	156	177	138	150	165	143	159	151	111	123
Other Current Liabilities	48	50	45	44	42	38	31	34	37	35
Total Noncurrent Liabilities	999	1,045	1,023	969	944	947	789	763	660	1,352
Long-Term Debt	0.00	100	100	100	100	100	0.00	0.00	0.00	778
Noncurrent Deferred Revenue	784	754	741	695	667	663	601	569	535	451
Other Noncurrent Operating Liabilities	215	191	182	174	177	184	188	194	125	123
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	1,411	1,453	1,374	1,148	986	906	841	761	727	724
Total Preferred & Common Equity	1,411	1,453	1,374	1,148	986	906	841	761	727	724
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	1,411	1,453	1,374	1,148	986	906	841	761	727	724
Common Stock	2,821	2,926	2,890	2,700	2,611	2,521	2,476	2,392	2,368	2,448
Retained Earnings	-1,411	-1,475	-1,511	-1,541	-1,612	-1,604	-1,612	-1,611	-1,622	-1,723
Accumulated Other Comprehensive Income / (Loss)	1.02	2.71	-5.58	-10	-13	-11	-24	-20	-19	-0.31

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/2/2025	2/4/2024	2/5/2023	2/6/2022	1/31/2021	2/2/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2017	1/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.92%	2.80%	26.26%	29.49%	2.48%	20.86%	32.70%	0.00%	0.00%	67.87%	152.41%
EBITDA Growth	27.67%	11.84%	1,496.28%	91.95%	-119.92%	8.89%	9.42%	51.16%	0.00%	5.83%	-8.06%
EBIT Growth	63.20%	-1.33%	171.45%	52.44%	-38.78%	-9.81%	-13.64%	35.85%	0.00%	-3.52%	-16.65%
NOPAT Growth	69.84%	-45.47%	196.50%	62.30%	-36.46%	-13.01%	-1.09%	52.49%	0.00%	-5.28%	-16.46%
Net Income Growth	74.09%	-16.09%	151.01%	49.21%	-40.35%	-12.68%	-11.56%	0.00%	0.00%	-3.64%	-16.66%
EPS Growth	63.16%	-17.39%	146.00%	52.38%	-32.91%	-2.60%	-1.32%	0.00%	0.00%	55.98%	60.52%
Operating Cash Flow Growth	11.20%	-11.67%	87.07%	118.57%	-1.02%	15.30%	125.99%	0.00%	0.00%	-82.82%	94.53%
Free Cash Flow Firm Growth	-85.47%	-50.22%	369.34%	113.34%	-174.49%	-15.33%	19.03%	34.14%	-12.20%	-135.68%	69.43%
Invested Capital Growth	25.03%	-121.52%	-165.65%	-51.48%	2,932.38%	180.82%	57.01%	66.37%	0.00%	-64.83%	-180.52%
Revenue Q/Q Growth	2.93%	-0.72%	3.83%	10.42%	3.13%	2.48%	0.00%	0.00%	0.00%	13.66%	0.00%
EBITDA Q/Q Growth	-6.85%	-2.63%	52.46%	84.19%	-29.37%	41.47%	0.00%	0.00%	0.00%	15.18%	0.00%
EBIT Q/Q Growth	-10.01%	-10.38%	203.22%	34.94%	-15.71%	20.86%	0.00%	0.00%	0.00%	10.30%	0.00%
NOPAT Q/Q Growth	-22.19%	-14.28%	205.17%	43.77%	-14.76%	20.02%	0.00%	0.00%	0.00%	9.77%	0.00%
Net Income Q/Q Growth	-17.73%	-12.84%	439.55%	31.94%	-15.52%	21.35%	0.00%	0.00%	0.00%	10.11%	0.00%
EPS Q/Q Growth	-22.50%	-9.52%	360.00%	32.43%	-11.70%	18.56%	0.00%	0.00%	0.00%	-319.23%	0.00%
Operating Cash Flow Q/Q Growth	-4.55%	1.71%	14.10%	20.30%	-0.44%	-5.45%	15.28%	0.00%	0.00%	-45.51%	90.63%
Free Cash Flow Firm Q/Q Growth	-83.70%	38.76%	22.75%	122.06%	-473.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	14.27%	-51.55%	-25.66%	-9.33%	0.00%	-97.06%	0.00%	0.00%	0.00%	-68.53%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.84%	71.40%	68.92%	67.52%	68.22%	68.97%	66.35%	65.48%	65.35%	65.87%	61.87%
EBITDA Margin	8.66%	7.60%	6.98%	-0.63%	-10.16%	-4.73%	-6.28%	-9.20%	-26.51%	-22.92%	-40.86%
Operating Margin	2.69%	1.89%	3.03%	-4.51%	-15.50%	-11.64%	-12.45%	-16.34%	-33.63%	-29.94%	-47.73%
EBIT Margin	4.67%	3.20%	3.33%	-5.89%	-16.04%	-11.85%	-13.04%	-15.22%	-33.40%	-29.72%	-48.19%
Profit (Net Income) Margin	3.37%	2.17%	2.65%	-6.57%	-16.75%	-12.23%	-13.12%	-15.60%	-33.66%	-29.97%	-48.54%
Tax Burden Percent	72.20%	67.68%	79.59%	111.49%	104.41%	103.25%	100.61%	102.49%	100.78%	100.86%	100.74%
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	27.80%	32.32%	20.41%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.78%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	329.97%	-38.37%	-146.35%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,938.13%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	329.17%	-25.38%	-131.41%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,921.42%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-321.35%	19.32%	110.64%	0.00%	0.00%	0.00%	0.00%	0.00%	2,885.18%
Return on Equity (ROE)	8.29%	5.55%	8.62%	-19.05%	-35.70%	-25.64%	-27.19%	-27.83%	0.00%	-42.53%	-52.94%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	30.95%	-333.58%	-1,903.34%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	3.88%	2.52%	2.75%	-4.32%	-10.42%	-8.98%	-11.45%	-13.88%	-27.03%	-24.81%	-34.58%
Return on Assets (ROA)	2.80%	1.70%	2.19%	-4.81%	-10.88%	-9.27%	-11.52%	-14.22%	-27.24%	-25.02%	-34.84%
Return on Common Equity (ROCE)	8.29%	5.55%	8.62%	-19.05%	-35.70%	-25.64%	-27.19%	-27.83%	0.00%	-42.53%	-17.28%
Return on Equity Simple (ROE_SIMPLE)	8.17%	4.83%	7.76%	-18.99%	-37.61%	-24.21%	-24.18%	-27.83%	-	-46.30%	-37.94%
Net Operating Profit after Tax (NOPAT)	62	36	66	-69	-183	-134	-118	-117	-247	-155	-147
NOPAT Margin	1.94%	1.28%	2.41%	-3.16%	-10.85%	-8.15%	-8.71%	-11.44%	-33.89%	-20.95%	-33.41%
Net Nonoperating Expense Percent (NNEP)	3.14%	2.04%	0.80%	-12.99%	-14.94%	-8.55%	-8.90%	-7.46%	0.30%	-11.58%	-16.71%
Return On Investment Capital (ROIC_SIMPLE)	4.38%	2.65%	4.39%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	30.16%	28.60%	31.08%	32.48%	31.78%	31.03%	33.65%	34.52%	34.65%	34.13%	38.13%
SG&A Expenses to Revenue	9.03%	8.91%	8.64%	8.71%	10.83%	9.93%	10.11%	9.29%	11.63%	11.45%	17.12%
R&D to Revenue	25.39%	26.03%	25.15%	26.68%	28.53%	26.39%	25.73%	27.25%	33.77%	33.26%	37.85%
Operating Expenses to Revenue	67.15%	69.51%	65.89%	72.03%	83.72%	80.61%	78.80%	81.82%	98.97%	95.81%	109.60%
Earnings before Interest and Taxes (EBIT)	148	91	92	-128	-270	-195	-177	-156	-243	-220	-212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	274	215	192	-14	-171	-78	-85	-94	-193	-169	-180
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.93	10.51	9.62	10.14	8.41	5.58	5.87	7.60	4.62	4.75	4.39
Price to Tangible Book Value (P/TBV)	23.88	15.25	17.06	22.97	20.06	6.31	6.12	7.67	4.69	4.82	4.45
Price to Revenue (P/Rev)	6.98	4.72	3.29	3.51	3.75	2.82	3.18	4.26	3.04	3.07	5.62
Price to Earnings (P/E)	207.19	217.74	123.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.48%	0.46%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.08%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	59.78	24.00	478.24	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	6.53	4.21	2.92	3.22	3.44	2.32	2.63	3.68	2.29	2.33	4.24
Enterprise Value to EBITDA (EV/EBITDA)	75.34	55.39	41.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	139.90	131.47	87.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	335.96	328.58	120.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	27.44	17.57	10.47	17.10	30.92	20.11	21.77	51.80	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	1,096.45	91.73	30.80	126.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.08	0.61	1.04	1.01	0.57	0.61	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.08	0.00	1.04	1.01	0.57	0.61	0.00	0.00	0.00	0.00
Financial Leverage	-1.12	-1.11	-0.98	-0.76	-0.84	-1.00	-1.03	-1.04	0.00	-1.11	-0.99
Leverage Ratio	2.96	3.26	3.94	3.96	3.28	2.77	2.36	1.96	1.88	1.70	1.52
Compound Leverage Factor	2.96	3.26	3.94	3.96	3.28	2.77	2.36	1.96	1.88	1.70	1.52
Debt to Total Capital	7.11%	7.30%	37.90%	51.05%	50.19%	36.49%	37.88%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	7.11%	0.00%	37.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	7.30%	0.00%	51.05%	50.19%	36.49%	37.88%	0.00%	0.00%	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	92.89%	92.70%	62.10%	48.95%	49.81%	63.51%	62.12%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.36	0.47	2.99	-57.15	-4.42	-6.13	-5.27	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-5.23	-6.70	-5.30	46.27	2.97	10.57	8.76	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.47	0.00	-57.15	-4.42	-6.13	-5.27	0.00	0.00	0.00	0.00
Debt to NOPAT	1.62	2.76	8.64	-11.42	-4.14	-3.56	-3.80	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-23.30	-39.75	-15.32	9.25	2.78	6.14	6.31	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	2.76	0.00	-11.42	-4.14	-3.56	-3.80	0.00	0.00	0.00	0.00
Altman Z-Score	5.73	4.02	2.59	2.20	1.82	2.12	2.45	4.71	2.49	2.68	4.47
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	67.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.83	1.41	2.30	2.51	3.08	3.34	2.60	2.86	2.86	4.27
Quick Ratio	1.38	1.61	1.25	2.05	2.25	2.86	3.09	2.32	2.62	2.62	3.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	19	130	261	56	-416	-152	-132	-162	-247	-128	-54
Operating Cash Flow to CapEx	332.38%	347.26%	485.16%	400.96%	197.57%	215.80%	164.02%	111.83%	-18.71%	-18.71%	-19.96%
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	0.83	0.79	0.82	0.73	0.65	0.76	0.88	0.91	0.81	0.84	0.72
Accounts Receivable Turnover	4.72	4.44	4.77	4.35	3.66	3.93	4.37	4.22	4.31	5.01	4.75
Inventory Turnover	22.36	17.44	19.21	16.54	12.56	12.26	11.56	10.26	10.74	11.43	7.95
Fixed Asset Turnover	7.78	9.06	11.77	12.17	11.79	13.25	12.68	11.50	8.91	11.01	9.52
Accounts Payable Turnover	9.79	10.80	12.42	10.25	7.37	5.63	4.87	4.19	4.79	5.55	6.83
Days Sales Outstanding (DSO)	77.37	82.18	76.53	83.94	99.64	92.99	83.44	86.55	84.72	72.91	76.82
Days Inventory Outstanding (DIO)	16.33	20.93	19.00	22.07	29.07	29.78	31.59	35.59	34.00	31.94	45.93
Days Payable Outstanding (DPO)	37.27	33.79	29.39	35.62	49.50	64.82	74.94	87.10	76.27	65.76	53.47
Cash Conversion Cycle (CCC)	56.42	69.32	66.14	70.39	79.21	57.94	40.08	35.05	42.45	39.08	69.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-128	-171	-77	117	242	7.97	-9.86	-23	-68	-68	-41
Invested Capital Turnover	-21.23	-22.86	136.69	12.15	13.49	-1,737.25	-82.89	-22.48	-10.67	-13.49	87.93
Increase / (Decrease) in Invested Capital	43	-94	-194	-124	234	18	13	45	0.00	-27	-93
Enterprise Value (EV)	20,681	11,909	8,032	7,012	5,802	3,813	3,580	3,769	1,665	1,726	1,869
Market Capitalization	22,116	13,350	9,050	7,649	6,310	4,635	4,327	4,366	2,211	2,273	2,474
Book Value per Share	$4.00	$4.02	$3.11	$2.60	$2.75	$3.19	$3.05	$2.65	$2.46	$2.39	$2.96
Tangible Book Value per Share	$2.84	$2.77	$1.75	$1.15	$1.15	$2.82	$2.92	$2.63	$2.43	$2.36	$2.93
Total Capital	1,406	1,370	1,516	1,541	1,506	1,307	1,188	574	478	478	563
Total Debt	100	100	575	787	756	477	450	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	100	0.00	787	756	477	450	0.00	0.00	0.00	0.00
Net Debt	-1,434	-1,441	-1,018	-637	-508	-822	-748	-597	-547	-547	-605
Capital Expenditures (CapEx)	227	195	158	102	95	88	100	65	77	77	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-451	-399	-283	-173	-106	-24	-5.46	-17	-40	-40	-1.20
Debt-free Net Working Capital (DFNWC)	1,071	1,132	1,299	1,240	1,148	1,276	1,192	581	507	507	604
Net Working Capital (NWC)	971	1,132	725	1,240	1,148	1,276	1,192	581	507	507	604
Net Nonoperating Expense (NNE)	-45	-25	-6.60	74	99	67	60	43	-1.64	67	67
Net Nonoperating Obligations (NNO)	-1,434	-1,441	-1,018	-637	-508	-822	-748	-597	-547	-547	-605
Total Depreciation and Amortization (D&A)	127	124	100	115	99	117	92	62	50	50	32
Debt-free, Cash-free Net Working Capital to Revenue	-14.24%	-14.09%	-10.27%	-7.95%	-6.30%	-1.43%	-0.40%	-1.62%	-5.45%	-5.37%	-0.27%
Debt-free Net Working Capital to Revenue	33.80%	40.00%	47.20%	56.85%	68.13%	77.62%	87.66%	56.68%	69.64%	68.58%	137.06%
Net Working Capital to Revenue	30.64%	40.00%	26.33%	56.85%	68.13%	77.62%	87.66%	56.68%	69.64%	68.58%	137.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.33	$0.20	$0.24	($0.50)	($1.05)	($0.79)	($0.77)	($0.84)	$0.00	($1.26)	($2.59)
Adjusted Weighted Average Basic Shares Outstanding	325.77M	311.83M	299.48M	285.88M	280.34M	534.06M	244.93M	229.24M	194.50M	206.61M	192.11M
Adjusted Diluted Earnings per Share	$0.31	$0.19	$0.23	($0.50)	($1.05)	($0.79)	($0.77)	($0.84)	$0.00	($1.26)	($2.59)
Adjusted Weighted Average Diluted Shares Outstanding	342.70M	332.57M	339.18M	285.88M	280.34M	534.06M	244.93M	229.24M	194.50M	206.61M	192.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($1.05)	($0.79)	($0.77)	($0.84)	$0.00	($1.26)	($2.59)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	326.02M	324.91M	308.05M	298.50M	267.82M	252.82M	232.04M	211.61M	194.71M	194.71M	82.46M
Normalized Net Operating Profit after Tax (NOPAT)	73	59	66	-69	-161	-134	-118	-117	-150	-134	-147
Normalized NOPAT Margin	2.31%	2.08%	2.41%	-3.16%	-9.56%	-8.15%	-8.71%	-11.44%	-20.66%	-18.11%	-33.41%
Pre Tax Income Margin	4.67%	3.20%	3.33%	-5.89%	-16.04%	-11.85%	-13.04%	-15.22%	-33.40%	-29.72%	-48.19%
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	350.37%	221.50%	299.80%	-139.73%	-47.92%	-7.47%	-47.45%	0.00%	0.00%	0.00%	-1.73%

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

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/2/2025	11/3/2024	8/4/2024	5/5/2024	2/4/2024	11/5/2023	8/6/2023	5/7/2023	2/5/2023	11/6/2022	8/7/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.40%	8.94%	10.91%	17.68%	-2.52%	12.84%	6.48%	-5.01%	14.34%	20.14%	30.18%
EBITDA Growth	-19.46%	-5.85%	161.40%	120.61%	-5.30%	246.59%	-20.99%	-354.93%	111.01%	861.52%	371.26%
EBIT Growth	-23.22%	-3.21%	9,575.76%	53.91%	-12.91%	1,156.45%	-96.94%	-458.85%	311.40%	124.27%	136.16%
NOPAT Growth	-37.49%	-24.87%	-79.30%	41.83%	-10.36%	5,884.16%	821.92%	-1,472.45%	162.83%	91.01%	144.19%
Net Income Growth	-35.15%	-9.59%	601.39%	48.06%	-12.13%	9,043.96%	-165.14%	-484.32%	398.37%	97.26%	124.13%
EPS Growth	-40.91%	-9.52%	600.00%	50.00%	-8.33%	0.00%	-166.67%	-450.00%	300.00%	100.00%	118.75%
Operating Cash Flow Growth	-14.69%	-38.78%	122.99%	27.85%	4.89%	2.42%	-36.24%	-21.30%	68.57%	21.76%	29.17%
Free Cash Flow Firm Growth	-106.51%	-26.49%	-28.87%	-68.72%	-42.16%	-38.23%	-5.11%	-42.16%	72.49%	233.44%	212.80%
Invested Capital Growth	25.03%	-32.54%	-85.21%	-37.99%	-121.52%	-83.67%	-296.26%	-6,487.99%	-165.65%	-147.37%	-122.21%
Revenue Q/Q Growth	5.87%	8.81%	10.14%	-12.20%	3.54%	10.77%	16.86%	-27.26%	19.84%	4.53%	4.25%
EBITDA Q/Q Growth	-20.15%	30.36%	1,181.13%	-93.96%	-6.65%	261.92%	201.01%	-127.75%	241.63%	-17.50%	225.93%
EBIT Q/Q Growth	-29.26%	73.40%	260.08%	-139.10%	-10.83%	17,235.15%	100.76%	-173.89%	1,186.42%	-57.73%	239.08%
NOPAT Q/Q Growth	-32.93%	146.82%	168.49%	-155.13%	-19.39%	-32.00%	292.46%	-184.96%	5,301.64%	-110.84%	428.27%
Net Income Q/Q Growth	-33.32%	78.39%	201.90%	-153.50%	-7.03%	1,089.30%	89.44%	-190.51%	9,562.64%	-107.21%	194.69%
EPS Q/Q Growth	-31.58%	90.00%	190.91%	-150.00%	4.76%	1,150.00%	90.91%	-191.67%	0.00%	-100.00%	175.00%
Operating Cash Flow Q/Q Growth	114.97%	-57.20%	2.30%	-9.38%	54.28%	55.91%	-41.35%	-25.65%	50.63%	-2.94%	-27.60%
Free Cash Flow Firm Q/Q Growth	-111.09%	-42.56%	254.69%	-71.19%	25.24%	-44.42%	55.99%	-46.73%	33.75%	-14.61%	-4.93%
Invested Capital Q/Q Growth	14.27%	47.11%	-8.65%	-52.19%	-51.55%	26.10%	19.05%	-144.32%	-25.66%	-59.44%	-1,245.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.51%	70.14%	70.71%	71.48%	71.98%	72.46%	70.66%	70.14%	69.28%	68.98%	68.58%
EBITDA Margin	9.49%	12.58%	10.50%	0.90%	13.12%	14.56%	4.46%	-5.15%	13.51%	4.74%	6.00%
Operating Margin	4.83%	7.18%	3.26%	-6.02%	7.27%	9.73%	-0.90%	-12.19%	7.97%	1.35%	2.22%
EBIT Margin	6.18%	9.25%	5.80%	-3.99%	8.96%	10.41%	0.07%	-10.19%	10.03%	0.93%	2.31%
Profit (Net Income) Margin	4.82%	7.66%	4.67%	-5.05%	8.29%	9.23%	-1.03%	-11.44%	9.19%	-0.12%	1.69%
Tax Burden Percent	78.06%	82.82%	80.50%	126.46%	92.43%	88.66%	-1,553.49%	112.21%	91.61%	-12.45%	73.07%
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	21.94%	17.18%	19.50%	0.00%	7.57%	11.34%	1,653.49%	0.00%	8.39%	112.45%	26.93%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	998.19%	-13.11%	61.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	996.34%	-13.15%	61.14%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-972.67%	12.58%	-55.50%
Return on Equity (ROE)	8.29%	10.14%	11.19%	8.22%	5.55%	7.07%	-0.10%	2.11%	25.52%	-0.53%	5.71%
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)	5.14%	7.89%	5.05%	-3.56%	7.05%	8.98%	0.06%	-9.59%	8.27%	0.81%	2.01%
Return on Assets (ROA)	4.01%	6.54%	4.07%	-4.50%	6.52%	7.96%	-0.92%	-10.76%	7.58%	-0.10%	1.47%
Return on Common Equity (ROCE)	8.29%	10.14%	11.19%	8.22%	5.55%	7.07%	-0.10%	2.11%	25.52%	-0.53%	5.71%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.20%	9.39%	6.82%	0.00%	6.13%	-0.08%	1.90%	0.00%	1.61%	-1.89%
Net Operating Profit after Tax (NOPAT)	33	49	20	-29	53	66	97	-50	59	-1.14	10
NOPAT Margin	3.77%	5.95%	2.62%	-4.22%	6.72%	8.62%	14.05%	-8.53%	7.30%	-0.17%	1.62%
Net Nonoperating Expense Percent (NNEP)	0.65%	1.01%	1.09%	-0.42%	1.01%	0.43%	-10.72%	-1.88%	1.85%	0.05%	0.06%
Return On Investment Capital (ROIC_SIMPLE)	2.36%	3.27%	-	-	3.87%	5.27%	-	-	3.90%	-	-
Cost of Revenue to Revenue	32.49%	29.86%	29.29%	28.52%	28.02%	27.54%	29.34%	29.86%	30.72%	31.02%	31.42%
SG&A Expenses to Revenue	8.26%	8.10%	9.09%	11.07%	7.51%	8.49%	8.83%	11.43%	7.99%	9.62%	8.76%
R&D to Revenue	24.44%	24.08%	25.60%	27.95%	23.66%	23.87%	26.50%	31.45%	22.90%	26.63%	25.62%
Operating Expenses to Revenue	62.69%	62.96%	67.46%	77.50%	64.72%	62.73%	71.56%	82.33%	61.31%	67.63%	66.36%
Earnings before Interest and Taxes (EBIT)	54	77	44	-28	71	79	0.46	-60	81	6.32	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	105	80	6.26	104	111	31	-30	109	32	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.93	11.84	12.15	12.35	10.51	9.50	11.71	7.70	9.62	10.79	11.52
Price to Tangible Book Value (P/TBV)	23.88	16.27	16.58	17.26	15.25	14.54	19.77	13.97	17.06	21.30	25.62
Price to Revenue (P/Rev)	6.98	5.42	5.87	5.78	4.72	3.83	4.18	2.56	3.29	3.42	3.46
Price to Earnings (P/E)	207.19	128.69	129.36	181.14	217.74	155.04	0.00	405.36	123.86	669.66	0.00
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	0.48%	0.78%	0.77%	0.55%	0.46%	0.65%	0.00%	0.25%	0.81%	0.15%	0.00%
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)	6.53	4.92	5.29	5.23	4.21	3.38	3.77	2.16	2.92	3.08	3.14
Enterprise Value to EBITDA (EV/EBITDA)	75.34	51.37	52.87	60.96	55.39	43.68	73.41	39.21	41.78	64.77	89.04
Enterprise Value to EBIT (EV/EBIT)	139.90	92.14	95.44	124.75	131.47	95.42	371.74	138.39	87.49	269.75	0.00
Enterprise Value to NOPAT (EV/NOPAT)	335.96	191.32	169.66	240.82	328.58	228.12	80,999.50	892.80	120.84	374.97	530.03
Enterprise Value to Operating Cash Flow (EV/OCF)	27.44	19.17	18.71	21.13	17.57	14.47	15.71	8.16	10.47	12.15	12.36
Enterprise Value to Free Cash Flow (EV/FCFF)	1,096.45	130.77	71.20	113.48	91.73	103.09	91.31	30.64	30.80	38.45	35.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.07	0.07	0.07	0.08	0.09	0.10	0.11	0.61	0.68	0.75
Long-Term Debt to Equity	0.00	0.00	0.07	0.07	0.08	0.09	0.10	0.11	0.00	0.00	0.00
Financial Leverage	-1.12	-1.10	-1.18	-1.20	-1.11	-1.09	-1.11	-1.12	-0.98	-0.96	-0.91
Leverage Ratio	2.96	2.82	2.83	2.89	3.26	3.32	3.54	3.54	3.94	3.90	4.00
Compound Leverage Factor	2.96	2.82	2.83	2.89	3.26	3.32	3.54	3.54	3.94	3.90	4.00
Debt to Total Capital	7.11%	6.62%	6.44%	6.78%	7.30%	8.01%	9.21%	9.94%	37.90%	40.57%	42.95%
Short-Term Debt to Total Capital	7.11%	6.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37.90%	40.57%	42.95%
Long-Term Debt to Total Capital	0.00%	0.00%	6.44%	6.78%	7.30%	8.01%	9.21%	9.94%	0.00%	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	92.89%	93.38%	93.56%	93.22%	92.70%	91.99%	90.79%	90.06%	62.10%	59.43%	57.05%
Debt to EBITDA	0.36	0.34	0.33	0.40	0.47	0.45	0.71	0.67	2.99	4.55	6.40
Net Debt to EBITDA	-5.23	-5.29	-5.76	-6.49	-6.70	-5.71	-8.03	-7.30	-5.30	-7.15	-8.93
Long-Term Debt to EBITDA	0.00	0.00	0.33	0.40	0.47	0.45	0.71	0.67	0.00	0.00	0.00
Debt to NOPAT	1.62	1.26	1.07	1.57	2.76	2.37	778.15	15.18	8.64	26.35	38.11
Net Debt to NOPAT	-23.30	-19.72	-18.49	-25.65	-39.75	-29.82	-8,860.32	-166.10	-15.32	-41.40	-53.18
Long-Term Debt to NOPAT	0.00	0.00	1.07	1.57	2.76	2.37	778.15	15.18	0.00	0.00	0.00
Altman Z-Score	5.65	4.80	5.24	5.13	4.00	3.61	3.71	2.44	2.58	2.60	2.60
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	1.61	1.77	1.99	2.00	1.83	1.82	1.70	1.69	1.41	1.36	1.33
Quick Ratio	1.38	1.54	1.74	1.75	1.61	1.61	1.46	1.42	1.25	1.17	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.54	86	150	42	147	117	211	135	253	190	222
Operating Cash Flow to CapEx	371.76%	156.98%	377.44%	453.73%	560.99%	351.59%	184.41%	336.90%	386.90%	387.55%	632.86%
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	0.83	0.85	0.87	0.89	0.79	0.86	0.89	0.94	0.82	0.87	0.87
Accounts Receivable Turnover	4.72	5.07	6.39	7.20	4.44	5.32	5.96	7.39	4.77	6.72	6.68
Inventory Turnover	22.36	20.30	18.73	17.97	17.44	15.80	16.77	17.99	19.21	16.19	16.45
Fixed Asset Turnover	7.78	8.01	8.33	8.75	9.06	9.73	10.14	10.67	11.77	12.01	0.00
Accounts Payable Turnover	9.79	8.77	10.27	13.09	10.80	8.21	10.33	12.89	12.42	11.08	13.78
Days Sales Outstanding (DSO)	77.37	72.01	57.10	50.66	82.18	68.62	61.22	49.42	76.53	54.35	54.67
Days Inventory Outstanding (DIO)	16.33	17.98	19.48	20.31	20.93	23.10	21.76	20.29	19.00	22.55	22.19
Days Payable Outstanding (DPO)	37.27	41.61	35.55	27.89	33.79	44.47	35.34	28.32	29.39	32.95	26.48
Cash Conversion Cycle (CCC)	56.42	48.38	41.04	43.08	69.32	47.24	47.64	41.39	66.14	43.96	50.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-128	-149	-282	-260	-171	-113	-152	-188	-77	-61	-38
Invested Capital Turnover	-21.23	-23.52	-13.86	-13.11	-22.86	-32.80	-28.98	-28.50	136.69	77.89	37.72
Increase / (Decrease) in Invested Capital	43	-37	-130	-71	-94	-51	-114	-185	-194	-191	-211
Enterprise Value (EV)	20,681	15,136	15,922	15,340	11,909	9,645	10,409	5,880	8,032	8,167	7,971
Market Capitalization	22,116	16,696	17,657	16,973	13,350	10,906	11,548	6,974	9,050	9,069	8,771
Book Value per Share	$4.00	$4.30	$4.47	$4.23	$4.02	$3.68	$3.21	$2.94	$3.11	$2.81	$2.57
Tangible Book Value per Share	$2.84	$3.13	$3.27	$3.03	$2.77	$2.40	$1.90	$1.62	$1.75	$1.42	$1.16
Total Capital	1,406	1,511	1,553	1,474	1,370	1,248	1,086	1,006	1,516	1,414	1,335
Total Debt	100	100	100	100	100	100	100	100	575	574	573
Total Long-Term Debt	0.00	0.00	100	100	100	100	100	100	0.00	0.00	0.00
Net Debt	-1,434	-1,560	-1,735	-1,634	-1,441	-1,261	-1,139	-1,094	-1,018	-902	-800
Capital Expenditures (CapEx)	56	62	60	49	44	45	55	51	60	40	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-451	-434	-550	-503	-399	-342	-391	-422	-283	-306	-294
Debt-free Net Working Capital (DFNWC)	1,071	1,215	1,270	1,221	1,132	1,009	837	762	1,299	1,159	1,069
Net Working Capital (NWC)	971	1,115	1,270	1,221	1,132	1,009	837	762	725	586	496
Net Nonoperating Expense (NNE)	-9.28	-14	-16	5.77	-12	-4.60	104	17	-15	-0.35	-0.43
Net Nonoperating Obligations (NNO)	-1,434	-1,560	-1,735	-1,634	-1,441	-1,261	-1,139	-1,094	-1,018	-902	-800
Total Depreciation and Amortization (D&A)	29	28	36	34	33	32	30	30	28	26	24
Debt-free, Cash-free Net Working Capital to Revenue	-14.24%	-14.08%	-18.29%	-17.12%	-14.09%	-11.99%	-14.16%	-15.52%	-10.27%	-11.53%	-11.56%
Debt-free Net Working Capital to Revenue	33.80%	39.47%	42.20%	41.62%	40.00%	35.40%	30.29%	27.97%	47.20%	43.72%	42.11%
Net Working Capital to Revenue	30.64%	36.22%	42.20%	41.62%	40.00%	35.40%	30.29%	27.97%	26.33%	22.08%	19.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	$0.19	$0.11	($0.11)	$0.22	$0.22	($0.02)	($0.22)	$0.24	$0.00	$0.04
Adjusted Weighted Average Basic Shares Outstanding	325.77M	327.68M	326.33M	322.59M	311.83M	314.15M	309.51M	305.86M	299.48M	300.98M	297.48M
Adjusted Diluted Earnings per Share	$0.13	$0.19	$0.10	($0.11)	$0.22	$0.21	($0.02)	($0.22)	$0.24	$0.00	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	342.70M	340.56M	343.44M	322.59M	332.57M	330.26M	309.51M	305.86M	339.18M	300.98M	312.72M
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	326.02M	326.24M	327.69M	325.23M	324.91M	315.97M	311.96M	307.53M	308.05M	302.59M	298.92M
Normalized Net Operating Profit after Tax (NOPAT)	33	49	20	-18	69	66	7.38	-50	59	6.39	10
Normalized NOPAT Margin	3.77%	5.95%	2.62%	-2.61%	8.69%	8.62%	1.07%	-8.53%	7.30%	0.95%	1.62%
Pre Tax Income Margin	6.18%	9.25%	5.80%	-3.99%	8.96%	10.41%	0.07%	-10.19%	10.03%	0.93%	2.31%
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	350.37%	156.82%	32.18%	70.32%	221.50%	258.51%	-22,109.38%	1,293.57%	299.80%	1,632.77%	-1,755.27%

Frequently Asked Questions About Pure Storage's Financials

When does Pure Storage's financial year end?

According to the most recent income statement we have on file, Pure Storage's fiscal year ends in February. Their fiscal 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. Find out what analysts predict for Pure Storage in the coming months.

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%.

Related Companies

This page (NYSE:PSTG) was last updated on 5/29/2025 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