Pure Storage, Inc.PSTGEarnings & Financial Report
Pure Storage, Inc. is an American publicly traded technology company headquartered in Santa Clara, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its products in stealth mode until 2011. Afterwards, the company grew in revenues by about 50% per quarter and raised more than $470 million in venture capital funding, before going public in 2015. Initially, Pure Storage developed the software for storage ...
Revenue
$778.5M
Gross Profit
$536.2M
Operating Profit
$-31.2M
Net Profit
$-14.0M
Gross Margin
68.9%
Operating Margin
-4.0%
Net Margin
-1.8%
YoY Growth
12.3%
EPS
$-0.04
Pure Storage, Inc. Q1 FY2026 Financial Summary
Pure Storage, Inc. reported revenue of $778.5M (up 12.3% YoY) for Q1 FY2026, with a net profit of $-14.0M (up 60.0% YoY) (-1.8% margin). Cost of goods sold was $242.3M, operating expenses totaled $567.3M.
Key Financial Metrics
| Total Revenue | $778.5M |
|---|---|
| Net Profit | $-14.0M |
| Gross Margin | 68.9% |
| Operating Margin | -4.0% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Pure Storage, Inc. Q1 FY2026 revenue of $778.5M breaks down across 2 segments, led by Products at $618.5M (79.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $618.5M | 79.4% |
| Other | $160.0M | 20.6% |
Pure Storage, Inc. Annual Revenue by Year
Pure Storage, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.2B |
| 2024 | $2.8B |
| 2023 | $2.8B |
| 2022 | $2.2B |
Pure Storage, Inc. Quarterly Revenue & Net Profit History
Pure Storage, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $964.5M | +16.0% | $54.8M | 5.7% |
| Q2 FY2026 | $861.0M | +12.7% | $47.1M | 5.5% |
| Q1 FY2026 | $778.5M | +12.3% | $-14.0M | -1.8% |
| Q4 FY2025 | $879.8M | +11.4% | $42.4M | 4.8% |
| Q3 FY2025 | $831.1M | +8.9% | $63.6M | 7.7% |
| Q2 FY2025 | $763.8M | +10.9% | $35.7M | 4.7% |
| Q1 FY2025 | $693.5M | +17.7% | $-35.0M | -5.0% |
| Q4 FY2024 | $789.8M | -2.5% | $65.4M | 8.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $789.8M | $693.5M | $763.8M | $831.1M | $879.8M | $778.5M | $861.0M | $964.5M |
| YoY Growth | -2.5% | 17.7% | 10.9% | 8.9% | 11.4% | 12.3% | 12.7% | 16.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.66B | $3.62B | $3.78B | $3.85B | $3.96B | $3.81B | $4.03B | $4.22B |
| Liabilities | $2.39B | $2.25B | $2.33B | $2.44B | $2.66B | $2.57B | $2.71B | $2.82B |
| Equity | $1.27B | $1.37B | $1.45B | $1.41B | $1.31B | $1.24B | $1.32B | $1.40B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $244.4M | $221.5M | $226.6M | $97.0M | $208.5M | $283.9M | $212.2M | $116.0M |