Everpure recently released its 10-K report. The company describes itself as a storage and data management business that sells integrated hardware, software, and subscription services in the United States and internationally, with products spanning FlashArray, FlashBlade, Portworx, Pure Fusion, Evergreen, and Cloud Block Store. It says its platform is designed to support block, file, and object storage across on-premises, hybrid, public cloud, and edge environments, and it sells through direct sales and channel partners.
In Item 7, Everpure says fiscal 2026 and fiscal 2025 were both 52-week years ended February 1, 2026 and February 2, 2025, respectively. Total revenue rose 16% to $3.66 billion in fiscal 2026 from $3.17 billion in fiscal 2025, with product revenue up 16% to $1.97 billion and subscription services revenue up 15% to $1.69 billion. The company said product growth was driven mainly by enterprise sales of FlashArray//XL, FlashArray//X, and its //E family, plus royalties from hyperscaler shipments, while subscription growth came largely from Evergreen//One and renewals across its installed base.
Geographically, U.S. revenue increased 12% to $2.5 billion, while rest-of-world revenue increased 25% to $1.2 billion. Subscription annualized recurring revenue reached $1.924 billion at fiscal 2026 year-end, up 16% from $1.658 billion a year earlier; Everpure said the growth rate slowed from 21% in fiscal 2025, mainly because of longer-term renewals of Evergreen subscriptions. Subscription net dollar retention was 113% in fiscal 2026, compared with 117% in fiscal 2025.
Everpure said total remaining performance obligations were $3.7 billion at the end of fiscal 2026. That amount included non-cancelable TCV sales for Evergreen//One, Evergreen//Flex, and Everpure Cloud consumption and subscription offerings, plus $228.5 million of non-cancelable product orders. The company also said it held a full valuation allowance against U.S. deferred tax assets, including net operating losses, capitalized research costs, and tax credits tied mainly to research and development. Today the company's shares have moved 0.75% to a price of $72.90. If you want to know more, read the company's complete 10-K report here.
