Pure Storage Inc
For the period ended Feb 4, 2024. Filed Apr 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 1, 2024
P$102.84+6.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share data)
| Fiscal Year Ended | |||
|---|---|---|---|
| 2022 | 2023 | 2024 | |
| Revenue: | |||
| Product | $1,442,338 | $1,792,153 | $1,622,869 |
| Subscription services | 738,510 | 961,281 | 1,207,752 |
| Total revenue | 2,180,848 | 2,753,434 | 2,830,621 |
| Cost of revenue: | |||
| Product | 477,899 | 569,793 | 472,430 |
| Subscription services | 230,430 | 285,995 | 337,000 |
| Total cost of revenue | 708,329 | 855,788 | 809,430 |
| Gross profit | 1,472,519 | 1,897,646 | 2,021,191 |
| Operating expenses: | |||
| Research and development | 581,935 | 692,528 | 736,764 |
| Sales and marketing | 799,001 | 883,609 | 945,021 |
| General and administrative | 189,981 | 237,996 | 252,243 |
| Restructuring, impairment and other | — | — | 33,612 |
| Total operating expenses | 1,570,917 | 1,814,133 | 1,967,640 |
| Income (loss) from operations | (98,398) | 83,513 | 53,551 |
| Other income (expense), net | (30,098) | 8,295 | 37,035 |
| Income (loss) before provision for income taxes | (128,496) | 91,808 | 90,586 |
| Provision for income taxes | 14,763 | 18,737 | 29,275 |
| Net income (loss) | $(143,259) | $73,071 | $61,311 |
| Net income (loss) per share attributable to common stockholders, basic | $(0.50) | $0.24 | $0.20 |
| Net income (loss) per share attributable to common stockholders, diluted | $(0.50) | $0.23 | $0.19 |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic | 285,882 | 299,478 | 311,831 |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted | 285,882 | 339,184 | 332,568 |
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