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NTNX

Nutanix, Inc.

NTNX

Nutanix, Inc. • NASDAQ
$47.78 ▼ -1.16% (-0.56)
Market Cap $12.82 B
52w High $83.36
52w Low $47.39
Dividend Yield 0%
P/E 62.87
Volume 5.02M
Outstanding Shares 268.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $670.576M ▲ $533.683M ▼ $62.096M ▲ 9.26% ▲ $0.23 ▲ $83.754M ▲
Q4-2025 $653.267M ▲ $538.226M ▲ $38.65M ▼ 5.916% ▼ $0.14 ▼ $52.324M ▼
Q3-2025 $638.983M ▼ $507.347M ▲ $63.363M ▲ 9.916% ▲ $0.24 ▲ $85.573M ▲
Q2-2025 $654.721M ▲ $503.995M ▲ $56.427M ▲ 8.618% ▲ $0.21 ▲ $85.004M ▲
Q1-2025 $590.956M $481.036M $29.926M 5.064% $0.11 $55.748M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $2.062B ▲ $3.324B ▲ $3.993B ▲ $-668.628M ▲
Q4-2025 $1.993B ▲ $3.283B ▲ $3.978B ▲ $-694.52M ▲
Q3-2025 $1.882B ▲ $3.097B ▲ $3.808B ▲ $-711.434M ▲
Q2-2025 $1.743B ▲ $2.989B ▲ $3.797B ▲ $-807.674M ▼
Q1-2025 $1.075B $2.181B $2.867B $-685.296M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $62.096M ▲ $196.825M ▼ $-74.547M ▲ $-111.359M ▼ $10.919M ▲ $174.506M ▼
Q4-2025 $38.65M ▼ $219.529M ▲ $-225.605M ▲ $-97.033M ▼ $-103.097M ▲ $207.779M ▲
Q3-2025 $63.363M ▲ $218.506M ▼ $-350.627M ▼ $-67.728M ▼ $-199.849M ▼ $203.411M ▲
Q2-2025 $56.427M ▲ $221.67M ▲ $-347.261M ▼ $481.072M ▲ $355.481M ▲ $187.063M ▲
Q1-2025 $29.926M $161.751M $-28.194M $-72.225M $61.332M $151.92M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other Non Subscription Product
Other Non Subscription Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Professional Services
Professional Services
 $30.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Subscription and Circulation
Subscription and Circulation
 $520.00M ▲$560.00M ▲$620.00M ▲$610.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Nutanix’s income statement shows a company that has been steadily turning the corner from heavy losses to consistent profitability. Revenue has grown each year at a healthy pace, while gross profit has increased even faster, suggesting better pricing power and operating efficiency. Operating results have shifted from sizeable losses to modest, then clearly positive, profits, showing good cost discipline and scale benefits. After years of negative net income, the business is now earning money at the bottom line, which indicates a much more sustainable core business than a few years ago, though it is still early in this profitability phase.

Balance Sheet

Balance Sheet The balance sheet is a mix of progress and lingering structural risk. Cash levels have improved meaningfully over time, giving Nutanix more flexibility to invest and to absorb shocks. Total assets have grown, but debt has also moved up again recently after a period of reduction, which increases financial obligations going forward. Shareholder equity remains negative, reflecting accumulated past losses and a capital structure that is not yet fully “cleaned up.” This negative equity position is a key watch point, even as the underlying business performance improves.

Cash Flow

Cash Flow Cash flow is a clear bright spot. Operating cash flow has moved from mildly negative to comfortably positive and has strengthened each year, showing that customers are paying and the business is generating real cash, not just accounting earnings. Free cash flow has followed the same path into solidly positive territory, while spending on physical assets remains relatively low and stable, consistent with a software-focused, asset-light model. This combination of rising cash generation and modest investment needs gives Nutanix room to fund growth internally, reduce risk over time, or build additional balance sheet strength.

Competitive Edge

Competitive Edge Nutanix holds a strong niche in enterprise infrastructure through its hyperconverged infrastructure platform and software-defined data center approach. Its value proposition centers on simplicity, flexibility, and lower complexity versus traditional three-tier architectures, which tends to create sticky, long-term customer relationships. The company benefits from high switching costs, broad hardware partnerships, and a growing reputation as a credible alternative for organizations reassessing legacy solutions like VMware after recent ownership and licensing changes. At the same time, it faces intense competition from large cloud providers and other infrastructure vendors, so maintaining differentiation in ease of use, total cost, and hybrid cloud capabilities will be critical.

Innovation and R&D

Innovation and R&D Innovation is a core part of Nutanix’s story. The company has evolved from a pure HCI vendor into a broader cloud platform with integrated virtualization, storage, database services, and management tools. Its push into AI infrastructure, deeper integration with partners like NVIDIA, and support for Kubernetes and cloud-native architectures positions it well for modern workloads that run across both on-premises and public clouds. Recent moves toward greater openness—such as working more flexibly with external storage partners—expand its addressable market. The opportunity is significant, but execution risk is real given fast-moving technology trends and powerful rivals innovating in parallel.

Summary

Overall, Nutanix looks like a business that has spent years investing heavily, is now seeing that investment pay off in sustained revenue growth and a shift to profitability, and is generating solid cash flow from an asset-light model. Its technology and partnerships give it a credible and differentiated position in hybrid multicloud and next-generation data center infrastructure, with added upside from AI-related workloads. The main financial concern is the still-negative equity base and the renewed build-up of debt, which highlight the company’s history of losses and the importance of maintaining strong cash generation. Strategically, Nutanix appears well placed, but its long-term outcome will depend on how effectively it can defend its niche against large platform players while continuing to translate its innovation into durable, profitable growth.

NEWS

November 26, 2025 · 4:05 PM UTC

Nutanix to Present at Upcoming Investor Conference

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November 25, 2025 · 4:01 PM UTC

Nutanix Reports First Quarter Fiscal 2026 Financial Results

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November 18, 2025 · 3:01 PM UTC

Nutanix Expands Microsoft Azure Virtual Desktop Flexibility Across Hybrid Cloud

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November 6, 2025 · 4:05 PM UTC

Nutanix Announces Date and Conference Call Information for First Quarter Fiscal Year 2026 Financial Results

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October 28, 2025 · 8:55 AM UTC

Leostream Awarded Nutanix Ready AHV Designation for Large-Scale VDI Deployments

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