Nutanix – Enterprise Cloud & AI Provider

By Philip Seaworth • Friday, September 18 14:59 • Permanent Link

Nutanix, Inc. recently released its latest 10-K report. The company describes itself as an enterprise cloud and AI platform provider that sells software for hybrid multicloud infrastructure, hyperconverged infrastructure, Kubernetes, storage, networking, security, management, and AI workloads across North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. It also provides product support plus consulting and implementation services, serves customers in industries including financial services, retail, manufacturing, public sector, healthcare, technology, and telecommunications, and maintains a strategic alliance with NetApp to integrate NetApp’s data infrastructure with the Nutanix Cloud Platform.

In Item 7, Nutanix said its fiscal year ends on July 31, with quarters ending October 31, January 31, April 30, and July 31. The company operates as a single reportable segment and runs a subscription-based model in which products are sold with a defined duration, typically including one or more years of support and maintenance. As of July 31, 2026, Nutanix said it had more than 32,000 end customers.

Revenue rose to $2.85 billion in fiscal 2026 from $2.54 billion in fiscal 2025 and $2.15 billion in fiscal 2024. Subscription revenue accounted for $2.71 billion in fiscal 2026, up from $2.41 billion in fiscal 2025 and $2.02 billion in fiscal 2024, while professional services and other revenue increased to $141.3 million from $127.2 million and $132.0 million. Annual recurring revenue reached $2.55 billion in fiscal 2026, compared with $2.20 billion in fiscal 2025 and $1.87 billion in fiscal 2024.

Gross profit was $2.48 billion in fiscal 2026, up from $2.20 billion in fiscal 2025 and $1.82 billion in fiscal 2024. Gross margin held at 86.8% in fiscal 2026, versus 86.8% in fiscal 2025 and 84.9% in fiscal 2024. Operating income increased to $274.0 million in fiscal 2026 from $172.5 million in fiscal 2025 and $7.6 million in fiscal 2024, while operating margin improved to 9.6% from 6.8% and 0.4%.

Cash generation also strengthened. Net cash provided by operating activities rose to $916.7 million in fiscal 2026 from $821.5 million in fiscal 2025 and $672.9 million in fiscal 2024, and free cash flow increased to $840.7 million from $750.2 million and $597.7 million. Non-GAAP operating income was $675.4 million in fiscal 2026, up from $536.1 million in fiscal 2025 and $347.1 million in fiscal 2024, with non-GAAP operating margin at 23.7% versus 21.1% and 16.2%. Today the company's shares have moved -1.42% to a price of $68.975. For the full picture, make sure to review Nutanix's 10-K report.

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