Nutanix, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.85B | $2.54B | $2.15B | $1.86B | $1.58B | $1.39B | $1.31B | $1.24B |
| Cost of Revenue | $376.7M | $334.8M | $324.1M | $332.2M | $321.2M | $291.9M | $286.7M | $304.1M |
| Gross Profit | $2.48B | $2.20B | $1.82B | $1.53B | $1.26B | $1.10B | $1.02B | $932.0M |
| Gross Margin | 86.8% | 86.8% | 84.9% | 82.2% | 79.7% | 79.1% | 78.1% | 75.4% |
| Operating Expenses | ||||||||
| Research & Development | $790.9M | $736.8M | $639.0M | $581.0M | $573.0M | $558.0M | $554.0M | $500.7M |
| SG&A Expense | $261.7M | $237.3M | $200.9M | $232.2M | $166.4M | $153.8M | $135.5M | $119.6M |
| Operating Income | $274.0M | $172.5M | $7.6M | $-207.2M | $-458.9M | $-662.1M | $-828.9M | $-598.0M |
| Operating Margin | 9.6% | 6.8% | 0.4% | -11.1% | -29.0% | -47.5% | -63.4% | -48.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $327.1M | $211.6M | $-101.3M | $-233.6M | $-779.7M | $-1.02B | $-855.2M | $-613.1M |
| Income Tax Expense | $-1.18B | $23.3M | $23.5M | $21.0M | $19.3M | $18.5M | $17.7M | $8.1M |
| Net Income | $1.51B | $188.4M | $-124.8M | $1.51B | $-798.9M | $-1.04B | $-872.9M | $-621.2M |
| Net Margin | 52.8% | 7.4% | -5.8% | 80.9% | -50.5% | -74.3% | -66.8% | -50.3% |
| EPS (Basic) | $5.61 | $0.70 | $-0.51 | $-1.09 | $-3.62 | $-5.02 | $-4.48 | $-3.43 |
| EPS (Diluted) | $5.17 | $0.65 | $-0.51 | $-1.09 | $-3.62 | $-5.02 | $-4.48 | $-3.43 |
| Shares Outstanding (Basic) | 268.7K | 267.5K | 244.7K | 233.2K | 220.5K | 206.5K | 194.7K | 188.6M |
| Shares Outstanding (Diluted) | 292.2K | 294.1K | 244.7K | 233.2K | 220.5K | 206.5K | 194.7K | 188.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |