NTNX (Nutanix, Inc.) Stock Financials & Earnings | Market Cap Arena

NTNX (Nutanix, Inc.) Stock Financials & Earnings | Market Cap Arena

NTNXNutanix, Inc.

Mkt Cap$10B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Revenue (TTM)$2.7B

Net Income (TTM)$267M

EPS (TTM)$0.92

Free Cash Flow (TTM)$777M

Gross Margin87.1%

Op. Margin8.0%

Net Margin9.9%

FCF Margin28.9%

P/S Ratio (TTM)3.9x

P/E Ratio (TTM)39.1x

YoY Rev Growth+15.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q3 23	$449M	$366M	-$59M
Q4 23	$494M	$414M	-$11M
Q1 24	$511M	$429M	-$6M
Q2 24	$565M	$484M	$37M
Q3 24	$525M	$445M	-$12M
Q4 24	$548M	$467M	-$12M
Q1 25	$591M	$508M	$27M
Q2 25	$655M	$569M	$65M
Q3 25	$639M	$556M	$49M
Q4 25	$653M	$569M	$31M
Q1 26	$671M	$583M	$49M
Q2 26	$723M	$632M	$86M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q3 23	5.9x	—
Q4 23	5.6x	—
Q1 24	5.4x	—
Q2 24	5.2x	—
Q3 24	5.0x	—
Q4 24	4.9x	—
Q1 25	4.7x	—
Q2 25	4.5x	—
Q3 25	4.3x	441.8x
Q4 25	4.1x	55.4x
Q1 26	4.0x	47.3x
Q2 26	3.9x	39.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 23	$74M	$53M
Q4 23	$58M	$46M
Q1 24	$145M	$132M
Q2 24	$186M	$163M
Q3 24	$96M	$78M
Q4 24	$245M	$224M
Q1 25	$162M	$152M
Q2 25	$222M	$187M
Q3 25	$219M	$203M
Q4 25	$220M	$208M
Q1 26	$197M	$175M
Q2 26	$197M	$191M

Capital Expenditures

CapEx

Quarter	CapEx
Q3 23	$22M
Q4 23	$13M
Q1 24	$13M
Q2 24	$24M
Q3 24	$18M
Q4 24	$20M
Q1 25	$10M
Q2 25	$35M
Q3 25	$15M
Q4 25	$12M
Q1 26	$22M
Q2 26	$6M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+11.1%	+2.2%
Q4 23	+28.2%	-2.6%
Q1 24	+17.9%	+0.5%
Q2 24	+16.2%	-2.7%
Q3 24	+16.9%	+5.7%
Q4 24	+10.9%	+10.8%
Q1 25	+15.6%	+9.1%
Q2 25	+15.8%	+11.6%
Q3 25	+21.8%	+10.1%
Q4 25	+19.2%	+11.1%
Q1 26	+13.5%	+10.2%
Q2 26	+10.4%	+8.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 23	$73M	16.3%
Q4 23	$73M	14.7%
Q1 24	$84M	16.4%
Q2 24	$86M	15.2%
Q3 24	$82M	15.7%
Q4 24	$82M	14.9%
Q1 25	$89M	15.0%
Q2 25	$93M	14.3%
Q3 25	$84M	13.2%
Q4 25	$85M	13.0%
Q1 26	$78M	11.6%
Q2 26	$103M	14.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 23	$143M	$53M	$229M
Q4 23	$146M	$49M	$229M
Q1 24	$152M	$48M	$235M
Q2 24	$160M	$50M	$237M
Q3 24	$159M	$51M	$246M
Q4 24	$167M	$52M	$259M
Q1 25	$174M	$54M	$253M
Q2 25	$183M	$60M	$261M
Q3 25	$186M	$61M	$260M
Q4 25	$194M	$63M	$281M
Q1 26	$187M	$61M	$285M
Q2 26	$202M	$68M	$278M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 23	11.1%	-6.7%	4.4
Q4 23	28.2%	5.4%	33.6
Q1 24	17.9%	4.6%	22.5
Q2 24	16.2%	13.1%	29.3
Q3 24	16.9%	4.7%	21.6
Q4 24	10.9%	3.5%	14.4
Q1 25	15.6%	9.4%	25.1
Q2 25	15.8%	13.0%	28.8
Q3 25	21.8%	13.4%	35.2
Q4 25	19.2%	8.0%	27.2
Q1 26	13.5%	12.5%	26.0
Q2 26	10.4%	16.0%	26.4

Revenue Segments

Quarter	Product	Service	Other Non Subscription Product	Professional Services	Subscription and Circulation
Q3 23	$213M	$236M	—	—	—
Q4 23	$240M	$254M	—	—	—
Q1 24	—	—	$9M	$23M	$479M
Q2 24	—	—	$8M	$25M	$532M
Q3 24	—	—	$12M	$26M	$487M
Q4 24	—	—	$2M	$27M	$519M
Q1 25	—	—	$3M	$27M	$561M
Q2 25	—	—	$2M	$28M	$624M
Q3 25	—	—	$1M	$28M	$610M
Q1 26	$349M	$322M	—	—	—
Q2 26	$387M	$335M	—	—	—

Revenue by Geography

Quarter	Asia Pacific	Emea	Other Americas	United States
Q3 23	$78M	$124M	$13M	$234M
Q4 23	$83M	$125M	$11M	$274M
Q1 24	$83M	$125M	$13M	$290M
Q2 24	$93M	$152M	$11M	$309M
Q3 24	$83M	$147M	$11M	$284M
Q4 24	$90M	$140M	$12M	$306M
Q1 25	$96M	$151M	$11M	$333M
Q2 25	$92M	$181M	$14M	$367M
Q3 25	$107M	$172M	$14M	$346M
Q1 26	$90M	$174M	$21M	$386M
Q2 26	$109M	$233M	$16M	$365M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 23	$440M	$919M	$1.4B
Q4 23	$513M	$924M	$1.4B
Q1 24	$612M	$959M	$1.6B
Q2 24	$679M	$965M	$1.6B
Q3 24	$598M	$1.1B	$1.7B
Q4 24	$655M	$339M	$994M
Q1 25	$717M	$359M	$1.1B
Q2 25	$1.1B	$671M	$1.7B
Q3 25	$873M	$1.0B	$1.9B
Q4 25	$770M	$1.2B	$2.0B
Q1 26	$780M	$1.3B	$2.1B
Q2 26	$603M	$1.3B	$1.9B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q3 23	235M	+1.2%
Q4 23	238M	+1.3%
Q1 24	241M	+1.5%
Q2 24	299M	+23.6%
Q3 24	246M	-17.7%
Q4 24	248M	+0.9%
Q1 25	289M	+16.5%
Q2 25	293M	+1.6%
Q3 25	297M	+1.2%
Q4 25	297M	+0.2%
Q1 26	297M	-0.3%
Q2 26	294M	-0.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	$301K	3K
FY 18	$289K	4K
FY 19	$231K	5K
FY 20	$212K	6K
FY 21	$229K	6K
FY 22	$245K	6K
FY 23	$289K	6K
FY 24	$301K	7K
FY 25	$325K	8K