$4.9 B

PSTG Mkt cap, 09-Nov-2018

$308.9 M

Pure Storage Revenue Q2, 2019
Pure Storage Gross profit (Q2, 2019)206.2 M
Pure Storage Gross profit margin (Q2, 2019), %66.7%
Pure Storage Net income (Q2, 2019)-60.1 M
Pure Storage EBIT (Q2, 2019)-55.2 M
Pure Storage Cash, 31-Jul-2018370.5 M

Pure Storage Revenue

Pure Storage revenue was $1.02 b in FY, 2018

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Pure Storage Revenue Breakdown

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Pure Storage revenue breakdown by business segment: 19.0% from Support and 81.0% from Product

Pure Storage Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

174.5m440.3m728.0m1.0b

Revenue growth, %

152%65%

Cost of goods sold

77.6m167.9m252.3m353.8m

Gross profit

96.9m272.4m475.7m669.2m

Gross profit Margin, %

56%62%65%65%

Sales and marketing expense

152.3m240.6m360.0m480.0m

R&D expense

92.7m166.6m245.8m279.2m

General and administrative expense

32.4m75.4m84.7m95.2m

Operating expense total

277.4m482.6m690.5m854.4m

EBIT

(180.5m)(210.2m)(244.8m)(185.2m)

EBIT margin, %

(103%)(48%)(34%)(18%)

Pre tax profit

(181.2m)(212.2m)(243.2m)(173.7m)

Income tax expense

1.3m1.6m1.9m3.9m

Net Income

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

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

131.4m139.9m163.2m197.0m182.6m224.5m277.7m255.9m308.9m

Cost of goods sold

51.1m46.9m56.8m69.3m63.5m76.5m95.9m89.6m102.7m

Gross profit

80.3m93.0m106.4m127.6m119.1m148.0m181.8m166.3m206.2m

Gross profit Margin, %

61%66%65%65%65%66%65%65%67%

Sales and marketing expense

63.8m82.8m87.6m91.4m97.0m120.6m129.3m122.4m143.7m

R&D expense

43.1m52.5m58.6m61.6m65.4m69.4m68.9m78.5m84.0m

General and administrative expense

29.0m21.5m19.6m22.8m20.1m22.2m25.4m27.3m33.6m

Operating expense total

135.9m156.8m165.8m205.8m182.5m212.2m223.6m228.2m261.4m

EBIT

(55.6m)(63.8m)(59.5m)(78.2m)(63.4m)(64.1m)(41.8m)(61.9m)(55.2m)

EBIT margin, %

(42%)(46%)(36%)(40%)(35%)(29%)(15%)(24%)(18%)

Pre tax profit

(55.7m)(62.5m)(59.4m)(78.4m)(61.4m)(60.9m)(40.7m)(62.9m)(59.2m)

Income tax expense

751.0k955.0k106.0k441.0k964.0k821.0k970.0k1.4m885.0k

Net Income

(56.5m)(63.5m)(59.5m)(78.8m)(62.4m)(61.7m)(41.6m)(64.3m)(60.1m)

Pure Storage Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

192.7m604.7m183.7m244.1m

Accounts Receivable

59.0m126.3m169.0m

Inventories

21.6m20.6m23.5m34.5m

Current Assets

294.0m788.1m780.1m944.8m

PP&E

39.9m52.6m81.7m89.1m

Total Assets

356.3m870.8m899.7m1.1b

Accounts Payable

11.0m38.2m52.7m84.4m

Current Liabilities

69.6m184.5m273.1m380.8m

Total Liabilities

112.2m307.4m421.3m581.5m

Additional Paid-in Capital

41.7m1.1b1.3b1.5b

Retained Earnings

(341.6m)(555.3m)(802.5m)(980.1m)

Total Equity

(299.8m)563.4m478.4m497.9m

Financial Leverage

-1.2 x1.5 x1.9 x2.2 x

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

573.3m286.1m205.8m152.5m168.8m171.9m182.0m735.1m370.5m

Inventories

25.5m22.0m22.6m20.1m39.5m33.7m37.2m38.5m41.7m

Current Assets

738.6m761.4m746.3m734.5m752.6m769.3m835.3m1.4b1.5b

PP&E

47.1m71.3m78.5m82.1m82.3m81.9m84.3m94.3m101.7m

Total Assets

818.0m861.5m862.2m854.1m872.9m890.1m962.6m1.6b1.6b

Accounts Payable

21.7m42.4m30.5m43.4m51.0m52.1m66.7m64.0m68.1m

Current Liabilities

142.8m188.8m216.1m231.6m251.9m283.4m326.1m320.0m359.9m

Total Liabilities

234.1m320.1m348.1m376.4m407.6m444.7m503.4m944.4m1.0b

Additional Paid-in Capital

1.1b1.2b1.2b1.2b1.3b1.4b1.4b1.6b1.7b

Retained Earnings

(511.0m)(618.8m)(680.8m)(759.6m)(864.9m)(926.6m)(968.2m)(967.9m)(1.0b)

Total Equity

541.4m514.1m477.8m465.3m445.4m459.1m631.6m644.4m

Financial Leverage

1.6 x1.7 x1.8 x1.9 x2 x2.1 x2.5 x2.6 x

Pure Storage Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

50.2m61.7m

Accounts Receivable

(44.0m)(74.5m)

Inventories

(3.8m)(12.6m)

Accounts Payable

10.6m29.3m

Cash From Operating Activities

(143.7m)(7.9m)(14.4m)72.8m

Purchases of PP&E

(42.2m)(39.4m)(76.8m)(65.1m)

Cash From Investing Activities

(53.0m)(41.8m)(447.2m)(59.2m)

Cash From Financing Activities

258.5m461.7m40.5m46.8m

Income Taxes Paid

2.9m3.1m

Quarterly

USDQ3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q2, 2019

Net Income

(56.5m)(63.5m)(59.5m)(78.8m)(62.4m)(165.7m)(124.4m)

Depreciation and Amortization

45.5m33.6m

Accounts Receivable

(33.6m)707.0k

Inventories

25.5m22.0m22.6m20.1m39.5m(14.3m)(8.9m)

Accounts Payable

21.7m42.4m30.5m43.4m51.0m11.8m(18.1m)

Cash From Operating Activities

13.8m27.1m

Purchases of PP&E

(44.4m)(42.7m)

Cash From Investing Activities

(53.3m)(425.9m)

Cash From Financing Activities

37.9m526.2m

Income Taxes Paid

2.4m3.0m

Pure Storage Ratios

USDY, 2018

Financial Leverage

2.6 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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Pure Storage Employee Rating

3.8246 votes
Culture & Values
3.8
Work/Life Balance
3.6
Senior Management
3.6
Salary & Benefits
4.3
Career Opportunities
3.5
Source