Pure Storage Inc

For the period ended May 5, 2024. Filed Jun 13, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

May 5, 2024 · Filed Jun 13, 2024

P$96.75+3.5%Stored close · as of Nov 6, 2026

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Condensed Consolidated Balance Sheets

(in thousands, except per share data, unaudited)

	At the End of
	Fiscal 2024	First Quarter of Fiscal 2025
ASSETS
Current assets:
Cash and cash equivalents	$702,536	$900,615
Marketable securities	828,557	823,397
Accounts receivable, net of allowance of $1,060 and $965	662,179	423,454
Inventory	42,663	40,674
Deferred commissions, current	88,712	85,386
Prepaid expenses and other current assets	173,407	174,238
Total current assets	2,498,054	2,447,764
Property and equipment, net	352,604	368,153
Operating lease right-of-use assets	129,942	126,435
Deferred commissions, non-current	215,620	211,240
Intangible assets, net	33,012	29,156
Goodwill	361,427	361,427
Restricted cash	9,595	9,595
Other assets, non-current	55,506	69,840
Total assets	$3,655,760	$3,623,610
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$82,757	$55,709
Accrued compensation and benefits	250,257	137,669
Accrued expenses and other liabilities	135,755	127,885
Operating lease liabilities, current	44,668	44,819
Deferred revenue, current	852,247	860,221
Total current liabilities	1,365,684	1,226,303
Long-term debt	100,000	100,000
Operating lease liabilities, non-current	123,201	120,709
Deferred revenue, non-current	742,275	741,255
Other liabilities, non-current	54,506	61,370
Total liabilities	2,385,666	2,249,637
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, par value of $0.0001 per share— 20,000 shares authorized; no shares issued and outstanding	—	—
Class A and Class B common stock, par value of $0.0001 per share— 2,250,000 (Class A 2,000,000, Class B 250,000) shares authorized; 319,523 and 325,181 Class A shares issued and outstanding	32	33
Additional paid-in capital	2,749,595	2,890,284
Accumulated other comprehensive loss	(3,782)	(5,584)
Accumulated deficit	(1,475,751)	(1,510,760)
Total stockholders’ equity	1,270,094	1,373,973
Total liabilities and stockholders’ equity	$3,655,760	$3,623,610

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