Pure Storage Inc
For the period ended Nov 3, 2024. Filed Dec 12, 2024.
View on SEC.govAbout 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.
Nov 3, 2024 · Filed Dec 12, 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)
| Third Quarter of Fiscal | First Three Quarters of Fiscal | |||
|---|---|---|---|---|
| 2024 | 2025 | 2024 | 2025 | |
| Revenue: | ||||
| Product | $453,277 | $454,735 | $1,161,978 | $1,204,714 |
| Subscription services | 309,561 | 376,337 | 878,838 | 1,083,608 |
| Total revenue | 762,838 | 831,072 | 2,040,816 | 2,288,322 |
| Cost of revenue: | ||||
| Product | 126,770 | 154,970 | 343,588 | 385,446 |
| Subscription services | 83,321 | 93,180 | 244,541 | 284,168 |
| Total cost of revenue | 210,091 | 248,150 | 588,129 | 669,614 |
| Gross profit | 552,747 | 582,922 | 1,452,687 | 1,618,708 |
| Operating expenses: | ||||
| Research and development | 182,100 | 200,086 | 549,923 | 589,396 |
| Sales and marketing | 231,707 | 255,830 | 696,885 | 757,069 |
| General and administrative | 64,729 | 67,319 | 192,944 | 213,551 |
| Restructuring and impairment | — | — | 16,766 | 15,901 |
| Total operating expenses | 478,536 | 523,235 | 1,456,518 | 1,575,917 |
| Income (loss) from operations | 74,211 | 59,687 | (3,831) | 42,791 |
| Other income (expense), net | 5,184 | 17,156 | 23,619 | 50,684 |
| Income before provision for income taxes | 79,395 | 76,843 | 19,788 | 93,475 |
| Provision for income taxes | 9,006 | 13,204 | 23,915 | 29,171 |
| Net income (loss) | $70,389 | $63,639 | $(4,127) | $64,304 |
| Net income (loss) per share attributable to common stockholders, basic | $0.22 | $0.19 | $(0.01) | $0.20 |
| Net income (loss) per share attributable to common stockholders, diluted | $0.21 | $0.19 | $(0.01) | $0.19 |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic | 314,153 | 327,675 | 309,842 | 325,530 |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted | 330,255 | 340,564 | 309,842 | 341,490 |
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