Pure Storage provides enterprise storage that has been designed from the ground up to take full advantage of flash memory. The Company's products accelerate random I/O-intensive applications like server virtualization, desktop virtualization (VDI), database (OLTP, rich analytics/OLAP, SQL, NoSQL) and cloud computing. Pure Storage makes it cost effective to broadly deploy flash within the data center, enabling organizations to manage growth within existing power and space constraints.

Type
Public
HQ
Mountain View, US
Founded
2009
Size (employees)
2,000 (est)+6%
Pure Storage was founded in 2009 and is headquartered in Mountain View, US
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Key People/Management at Pure Storage

Charlie Giancarlo

Charlie Giancarlo

Chief Executive Officer
Tim Riitters

Tim Riitters

Chief Financial Officer
David Hatfield

David Hatfield

President
Todd Forsythe

Todd Forsythe

Chief Marketing Officer
Johanna Jackman

Johanna Jackman

Chief Human Resource Officer
Todd Engle

Todd Engle

Vice President, Operations
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Pure Storage Office Locations

Pure Storage has offices in Bangkok, Taipei, St. Louis, Indianapolis and in 94 other locations
Mountain View, US (HQ)
650 Castro Street, Suite #260
Atlanta, US
3405 Piedmont Rd, Ste 400
Bellevue, US
500 108th Avenue, Ste 1440
Chicago, US
203 N. LaSalle, Floor 21, Ste 2160
Irvine, US
7545 Irvine Center Drive, Rms 217 / 223
Lake Oswego, US
4800 SW Meadows Rd, Ste 300
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Pure Storage Financials and Metrics

Pure Storage Financials

Pure Storage's revenue was reported to be $1.02 b in FY, 2018
USD

Revenue (FY, 2018)

1 b

Gross profit (FY, 2018)

669.2 m

Gross profit margin (FY, 2018), %

65.4%

Net income (FY, 2018)

(177.6 m)

EBIT (FY, 2018)

(185.2 m)

Market capitalization (25-Apr-2018)

4.3 b

Cash (31-Jan-2018)

244.1 m
Pure Storage's current market capitalization is $4.3 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

174.5 m440.3 m728 m1 b

Revenue growth, %

152%65%

Cost of goods sold

77.6 m167.9 m252.3 m353.8 m

Gross profit

96.9 m272.4 m475.7 m669.2 m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

131.4 m139.9 m163.2 m197 m182.6 m224.5 m277.7 m

Cost of goods sold

51.1 m46.9 m56.8 m69.3 m63.5 m76.5 m95.9 m

Gross profit

80.3 m93 m106.4 m127.6 m119.1 m148 m181.8 m

Gross profit Margin, %

61%66%65%65%65%66%65%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

192.7 m604.7 m183.7 m244.1 m

Accounts Receivable

59 m126.3 m169 m

Inventories

21.6 m20.6 m23.5 m34.5 m

Current Assets

294 m788.1 m780.1 m944.8 m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

573.3 m286.1 m205.8 m152.5 m168.8 m171.9 m182 m

Inventories

25.5 m22 m22.6 m20.1 m39.5 m33.7 m37.2 m

Current Assets

738.6 m761.4 m746.3 m734.5 m752.6 m769.3 m835.3 m

PP&E

47.1 m71.3 m78.5 m82.1 m82.3 m81.9 m84.3 m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(183.2 m)(213.8 m)(245.1 m)(177.6 m)

Depreciation and Amortization

50.2 m61.7 m

Inventories

(3.8 m)(12.6 m)

Accounts Payable

10.6 m29.3 m
Quarterly
USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(56.5 m)(63.5 m)(59.6 m)(78.8 m)(62.4 m)

Inventories

25.5 m22 m22.6 m20.1 m39.5 m

Accounts Payable

21.7 m42.4 m30.5 m43.4 m51 m
USDY, 2018

Revenue/Employee

538.4 k

Financial Leverage

2.2 x
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Pure Storage Operating Metrics

Pure Storage's New Customers was reported to be 300 in Q1, 2018. Pure Storage's Enterprise Customers was reported to be 4 k in Q3, 2018.
Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Enterprise Customers

1.65 k1.95 k2.30 k2.60 k3 k3.35 k3.70 k4 k

New Customers

250 300 300 350 300 450 300

Patents Issued

600 700 700 700
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