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Everpure (P) FY2026 results: revenue $3.7 billion, up 15.6% on the year

Everpure, Inc. (P) reported revenue of $3.7 billion for fiscal 2026, the year ended 1 February 2026, up 15.6% on the year before. Net income was $188 million, up 76.3%, and diluted earnings per share $0.55. The figures are the company's own, from the 10-K it filed with the SEC on 25 March 2026.

Revenue
$3.7 billion
+15.6% on the year
FY2019FY2026
Operating margin
3.1%
2.7% a year earlier
FY2019FY2026
Net income
$188 million
+76.3% on the year
FY2019FY2026
Diluted EPS
$0.55
+77.4% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 4 new.

  • Q4 revenue rose 20% to $1.06 billion: Q4 revenue was $1,058.9 million, up from $879.8 million a year earlier. Management said it was the company's first quarter above $1 billion.
  • Full-year revenue rose 16% to $3.66 billion: Full-year revenue was $3,662.8 million, up from $3,168.2 million. Management said full-year revenue surpassed $3.6 billion.
  • Q4 gross margin fell from third quarter: Q4 GAAP gross margin was 69.9% and non-GAAP 71.4%, down from 72.3% and 74.1% in the third quarter. The year-earlier Q4 GAAP margin was 67.5%.
  • Non-GAAP operating margin 21.3% in Q4: Q4 non-GAAP operating income was $225.7 million, a 21.3% margin, up from 17.4%. GAAP operating income was $87.2 million, an 8.2% margin. Full-year non-GAAP margin was 17.3%.
  • Remaining performance obligations up 40%: RPO was $3.7 billion, up over 40% year over year, from $2.9 billion in the third quarter, when growth was 24%.
Read the Q4 FY2026 earnings call summary

From this 10-K

Everpure, formerly known as Pure Storage, is a global technology company providing an integrated storage and data management platform. It began as a provider of flash-based storage systems and has become a company delivering a unified storage and data management platform, the Everpure Platform, which virtualises data across on-premises, hybrid and public cloud, and edge environments into a single storage layer with consistent control and built-in automation. Its stated vision is an all-flash data center. The financial year ends at the start of February. About 6,400 people work there, roughly 3,700 in the United States and over 2,700 internationally, spread across more than 30 countries.

Everpure, Inc., the 10-K for 2026

Everpure, formerly known as Pure Storage, is a global technology company providing an integrated storage and data management platform. It began as a provider of flash-based storage systems and has become a company delivering a unified storage and data management platform, the Everpure Platform, which virtualises data across on-premises, hybrid and public cloud, and edge environments into a single storage layer with consistent control and built-in automation. Its stated vision is an all-flash data center. The financial year ends at the start of February. About 6,400 people work there, roughly 3,700 in the United States and over 2,700 internationally, spread across more than 30 countries.

FlashArray

FlashArray addresses database, application, virtual machine and other traditional workloads, and the filing describes it as the industry's first all-flash array. It has been through seven generations of controllers, a hundredfold increase in density and a transition to all-NVMe flash, all delivered non-disruptively through the Evergreen service. The family splits by workload: //ST for ultra-high-performance applications such as in-memory databases, real-time applications, large online transaction processing databases and electronic health records; //XL for the most demanding workloads and mission critical data-based applications; //X for mission critical workloads through unified object, block and file storage; //C for Tier-2 application and storage estates using QLC flash, joined in fiscal 2026 by //RC20 for edge use cases and smaller deployments; and //E for file and block data repositories of up to four petabytes, from content libraries to backup sets to active archives. File Services adds multi-protocol file storage on FlashArray, and FlashArray Object adds object storage, so block, file and object sit under one system.

FlashBlade

FlashBlade handles unstructured data workloads, from real-time log analytics and commercial high-performance computing through to data protection and recovery, and it manages the data created for large-scale AI training environments and AI-connected applications. The filing describes it as the industry's first all-flash array optimised for modern unstructured file and object applications, built as a scale-out system on Purity and DirectFlash Modules with integrated software-defined networking. //S uses an all-QLC architecture with DirectFlash modules and Zero Move Tiering, which removes legacy tiering. //E is a scale-out repository for four petabytes or more, aimed at the last remnants of disk in a data center. //EXA is built for large-scale, GPU-intensive AI and high-performance computing work, with a disaggregated architecture using off-the-shelf data nodes and no metadata bottleneck.

Cloud, subscriptions and containers

Everpure Cloud services deliver a virtual block storage array, software-delivered with no dedicated hardware in the public cloud, designed to be multi-cloud across Amazon Web Services and Microsoft Azure, and running the same Purity software that powers FlashArray on-premises. A version of it extends the same operating environment to Azure VMware Solution. Evergreen//One sells storage as a service against guaranteed service levels: the company ships whatever infrastructure is needed to deliver the outcomes it has guaranteed, and pays the customer for the power and rack space that infrastructure takes up in their data center. Evergreen//Flex gives the customer hardware ownership at a lower upfront cost on a pay-as-you-go subscription, with the ability to move performance and stranded capacity to where it is needed. Portworx by Everpure covers Kubernetes data management, pairing container storage with Kubernetes backup, disaster recovery and portability across on-premise, hybrid and multi-cloud, plus a Kubernetes-native CSI driver for FlashArray and FlashBlade.

Customers and how they are reached

The customer base was over 14,500 at the end of fiscal 2026, spanning large enterprises and smaller organisations with limited IT expertise or budgets, across multiple industry verticals and geographies; a customer is counted as an entity buying either through a channel partner or directly. The company reports that it is in approximately 64 percent of Fortune 500 companies and that its certified customer Net Promoter Score was 84 as of 31 December 2025. Selling runs through a direct sales force alongside channel partners, supported by sales engineers who handle pre-sales technical support, solutions engineering and technical training, with a two-tier distribution model in certain geographies and sales to service providers who offer cloud-based storage services of their own. Technology partners include VMware, RedHat, Nutanix, Microsoft, Oracle and SAP on applications, Microsoft Azure, AWS, Google and IBM on cloud, Commvault, Rubrik and Veeam on data protection, and Cisco and NVIDIA on infrastructure.

From Everpure's annual report on Form 10-K for the year ended 1 February 2026. The filing

Written from the 10-K filed 25 March 2026: read the full 10-K.

The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026

Income statement (profit and loss)

$ millionFY2026FY2025FY2024On the yearLast 8 years
Revenue3,6633,1682,831+15.6%
Cost of revenue1,085955809+13.5%
Gross profit2,5782,2132,021+16.5%
Gross margin70.4%69.8%71.4%
Research and development963804737+19.8%
Operating income11585.353.6+34.7%
Operating margin3.1%2.7%1.9%
Interest expense3.47.87.5-56.8%
Pre-tax income22414890.6+51.7%
Income tax36.141.129.3-12.1%
Effective tax rate16.1%27.8%32.3%
Net income18810761.3+76.3%
Net margin5.1%3.4%2.2%
Diluted EPS$0.55$0.31$0.19+77.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2026FY2025FY2024On the yearLast 8 years
Operating cash flow880754678+16.8%
Capital expenditure264227195+16.6%
Free cash flow616527483+16.9%
Free cash flow margin16.8%16.6%17.0%
Cash from investing-108-2183.2
Cash from financing-645-510-560
Depreciation and amortisation137114113+19.5%
Share-based compensation482421331+14.3%
Buybacks343374136-8.4%
Diluted shares, weighted343m343m333m+0.1%

Balance sheet

$ millionFY2026FY2025FY2024On the yearLast 8 years
Shareholders' equity1,4461,3061,270+10.7%
Debt0.0100100
Operating lease liabilities172137123+25.3%
Finance lease liabilities2.30.00.2
Other liabilities3,0542,4202,162+26.2%
Total liabilities and equity4,6743,9643,656+17.9%
Fixed assets587462353+27.1%
Goodwill365361361+1.0%
Intangible assets7.319.133.0-61.5%
Securities held for sale or to maturity692798829-13.3%
Cash and equivalents855724703+18.1%
Receivables945681662+38.8%
Inventory75.942.842.7+77.4%
Other assets1,147876673+30.9%
Total assets4,6743,9643,656+17.9%

10-K for the year ended 1 February 2026, filed 25 March 2026: the filing.