Pure Storage Income Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Feb '25 Feb 2, 2025	Feb '24 Feb 4, 2024	Feb '23 Feb 5, 2023	Feb '22 Feb 6, 2022	Jan '21 Jan 31, 2021	2016 - 2020
Revenue	3,168	2,831	2,753	2,181	1,684	Upgrade
Revenue Growth (YoY)	11.92%	2.80%	26.25%	29.49%	2.48%	Upgrade
Cost of Revenue	955.46	809.43	855.79	708.33	534.36	Upgrade
Gross Profit	2,213	2,021	1,898	1,473	1,150	Upgrade
Selling, General & Admin	1,307	1,197	1,122	988.98	898.49	Upgrade
Research & Development	804.41	736.76	692.53	581.94	480.47	Upgrade
Operating Expenses	2,112	1,934	1,814	1,571	1,379	Upgrade
Operating Income	101.16	87.16	83.51	-98.4	-229.13	Upgrade
Interest Expense	-7.81	-7.48	-4.75	-36.68	-31.4	Upgrade
Interest & Investment Income	76.02	50.41	17.32	9.37	17.44	Upgrade
Currency Exchange Gain (Loss)	-9.08	-5.71	-8.35	-5.24	2.51	Upgrade
Other Non Operating Income (Expenses)	3.45	-0.19	4.07	2.44	2.33	Upgrade
EBT Excluding Unusual Items	163.74	124.2	91.81	-128.5	-238.26	Upgrade
Merger & Restructuring Charges	-15.9	-33.61	-	-	-22.1	Upgrade
Other Unusual Items	-	-	-	-	-9.8	Upgrade
Pretax Income	147.83	90.59	91.81	-128.5	-270.16	Upgrade
Income Tax Expense	41.1	29.28	18.74	14.76	11.92	Upgrade
Net Income	106.74	61.31	73.07	-143.26	-282.08	Upgrade
Net Income to Common	106.74	61.31	73.07	-143.26	-282.08	Upgrade
Net Income Growth	74.09%	-16.09%	-	-	-	Upgrade
Shares Outstanding (Basic)	326	312	299	286	268	Upgrade
Shares Outstanding (Diluted)	343	333	339	286	268	Upgrade
Shares Change (YoY)	3.05%	-1.95%	18.64%	6.74%	5.93%	Upgrade
EPS (Basic)	0.33	0.20	0.24	-0.50	-1.05	Upgrade
EPS (Diluted)	0.31	0.19	0.23	-0.50	-1.05	Upgrade
EPS Growth	66.44%	-17.30%	-	-	-	Upgrade
Free Cash Flow	526.87	482.56	609.1	307.84	92.67	Upgrade
Free Cash Flow Per Share	1.54	1.45	1.80	1.08	0.35	Upgrade
Gross Margin	69.84%	71.41%	68.92%	67.52%	68.27%	Upgrade
Operating Margin	3.19%	3.08%	3.03%	-4.51%	-13.61%	Upgrade
Profit Margin	3.37%	2.17%	2.65%	-6.57%	-16.75%	Upgrade
Free Cash Flow Margin	16.63%	17.05%	22.12%	14.12%	5.50%	Upgrade
EBITDA	227.81	211.58	183.95	-15.25	-159.09	Upgrade
EBITDA Margin	7.19%	7.47%	6.68%	-0.70%	-9.45%	Upgrade
D&A For EBITDA	126.65	124.42	100.43	83.15	70.04	Upgrade
EBIT	101.16	87.16	83.51	-98.4	-229.13	Upgrade
EBIT Margin	3.19%	3.08%	3.03%	-4.51%	-13.61%	Upgrade
Effective Tax Rate	27.80%	32.32%	20.41%	-	-	Upgrade
Revenue as Reported	3,168	2,831	2,753	2,181	1,684	Upgrade
Advertising Expenses	6.2	11.3	11.1	15.3	8.1	Upgrade

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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