Pure Storage Inc
For the period ended May 5, 2024. Filed Jun 13, 2024.
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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$102.84+6.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share data, unaudited)
| First Quarter of Fiscal | ||
|---|---|---|
| 2024 | 2025 | |
| Revenue: | ||
| Product | $308,963 | $347,384 |
| Subscription services | 280,344 | 346,095 |
| Total revenue | 589,307 | 693,479 |
| Cost of revenue: | ||
| Product | 96,213 | 100,753 |
| Subscription services | 79,747 | 97,020 |
| Total cost of revenue | 175,960 | 197,773 |
| Gross profit | 413,347 | 495,706 |
| Operating expenses: | ||
| Research and development | 185,331 | 193,820 |
| Sales and marketing | 232,446 | 250,972 |
| General and administrative | 67,384 | 76,787 |
| Restructuring and impairment | — | 15,901 |
| Total operating expenses | 485,161 | 537,480 |
| Loss from operations | (71,814) | (41,774) |
| Other income (expense), net | 11,749 | 14,091 |
| Loss before provision for income taxes | (60,065) | (27,683) |
| Provision for income taxes | 7,336 | 7,326 |
| Net loss | $(67,401) | $(35,009) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.22) | $(0.11) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 305,863 | 322,589 |
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