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Nutanix Inc Financials

NTNX
Source SEC Filings (10-K/10-Q) Updated Mar 2, 2026 Currency USD FYE July

This page shows Nutanix Inc (NTNX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 58 / 100
Financial Profile 58/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
37

Nutanix Inc has an operating margin of 6.8%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 0.4% the prior year.

Growth
64

Nutanix Inc's revenue surged 18.1% year-over-year to $2.5B, reflecting rapid business expansion. This strong growth earns a score of 64/100.

Liquidity
34

Nutanix Inc's current ratio of 1.89 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
99

Nutanix Inc converts 29.6% of revenue into free cash flow ($750.2M). This strong cash generation earns a score of 99/100.

Altman Z-Score Distress
0.84

Nutanix Inc scores 0.84, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($10.1B) relative to total liabilities ($4.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
6/9

Nutanix Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
4.36x

For every $1 of reported earnings, Nutanix Inc generates $4.36 in operating cash flow ($821.5M OCF vs $188.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.5B
YoY+18.1%
5Y CAGR+14.2%
10Y CAGR+26.5%

Nutanix Inc generated $2.5B in revenue in fiscal year 2025. This represents an increase of 18.1% from the prior year.

EBITDA
$245.2M
YoY+203.7%

Nutanix Inc's EBITDA was $245.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 203.7% from the prior year.

Net Income
$188.4M
YoY+251.0%

Nutanix Inc reported $188.4M in net income in fiscal year 2025. This represents an increase of 251.0% from the prior year.

EPS (Diluted)
$0.65
YoY+227.5%

Nutanix Inc earned $0.65 per diluted share (EPS) in fiscal year 2025. This represents an increase of 227.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$750.2M
YoY+25.5%

Nutanix Inc generated $750.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 25.5% from the prior year.

Cash & Debt
$780.4M
YoY+8.9%
5Y CAGR+9.1%
10Y CAGR+30.4%

Nutanix Inc held $780.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
269M
YoY+1.4%
5Y CAGR+5.9%

Nutanix Inc had 269M shares outstanding in fiscal year 2025. This represents an increase of 1.4% from the prior year.

Margins & Returns

Gross Margin
86.8%
YoY+1.9pp
5Y CAGR+8.7pp
10Y CAGR+28.6pp

Nutanix Inc's gross margin was 86.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.

Operating Margin
6.8%
YoY+6.5pp
5Y CAGR+70.2pp
10Y CAGR+56.0pp

Nutanix Inc's operating margin was 6.8% in fiscal year 2025, reflecting core business profitability. This is up 6.5 percentage points from the prior year.

Net Margin
7.4%
YoY+13.2pp
5Y CAGR+74.2pp
10Y CAGR+59.7pp

Nutanix Inc's net profit margin was 7.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13.2 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$736.8M
YoY+15.3%
5Y CAGR+5.9%
10Y CAGR+25.9%

Nutanix Inc invested $736.8M in research and development in fiscal year 2025. This represents an increase of 15.3% from the prior year.

Share Buybacks
$307.9M
YoY+134.8%

Nutanix Inc spent $307.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 134.8% from the prior year.

Capital Expenditures
$71.3M
YoY-5.3%
5Y CAGR-4.4%
10Y CAGR+11.8%

Nutanix Inc invested $71.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 5.3% from the prior year.

NTNX Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $354.2M-51.0% $722.8M+7.8% $670.6M+2.6% $653.3M+2.2% $639.0M-2.4% $654.7M+10.8% $591.0M+7.8% $548.0M
Cost of Revenue $8.8M-90.3% $91.3M+4.3% $87.5M+4.3% $83.8M+1.0% $83.0M-2.7% $85.3M+3.2% $82.7M+2.1% $81.0M
Gross Profit $345.4M-45.3% $631.6M+8.3% $583.1M+2.4% $569.4M+2.4% $556.0M-2.4% $569.4M+12.0% $508.3M+8.8% $467.0M
R&D Expenses $182.8M-9.6% $202.3M+7.9% $187.5M-3.2% $193.7M+3.9% $186.4M+2.0% $182.8M+5.1% $174.0M+3.9% $167.4M
SG&A Expenses $59.8M-11.5% $67.6M+10.7% $61.1M-3.5% $63.3M+4.5% $60.5M+1.2% $59.8M+11.5% $53.7M+2.4% $52.4M
Operating Income $65.4M-22.2% $84.1M+70.5% $49.3M+58.1% $31.2M-35.8% $48.6M-25.7% $65.4M+140.1% $27.3M+323.6% -$12.2M
Interest Expense $697K N/A N/A N/A N/A N/A N/A N/A
Income Tax $8.7M+256.9% -$5.5M-258.6% $3.5M-46.4% $6.5M+425.3% $1.2M-85.7% $8.7M+25.5% $6.9M-8.7% $7.6M
Net Income $56.4M-45.2% $103.0M+65.9% $62.1M+60.7% $38.6M-39.0% $63.4M+12.3% $56.4M+88.6% $29.9M+123.7% -$126.1M
EPS (Diluted) $0.19-47.2% $0.36+71.4% $0.21 N/A $0.22+15.8% $0.19+90.0% $0.10 N/A

NTNX Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $3.3B+0.2% $3.3B-1.4% $3.3B+1.2% $3.3B+6.0% $3.1B+3.6% $3.0B+37.0% $2.2B+1.7% $2.1B
Current Assets $2.6B+5.0% $2.5B-6.5% $2.6B+1.9% $2.6B+7.4% $2.4B+3.2% $2.3B+53.3% $1.5B+2.8% $1.5B
Cash & Equivalents $769.5M+27.5% $603.4M-22.7% $780.4M+1.4% $769.5M-11.8% $872.6M-18.6% $1.1B+49.6% $716.6M+9.4% $655.3M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $338.0M+29.7% $260.6M-22.4% $335.9M-0.6% $338.0M+25.1% $270.2M-17.4% $327.3M+64.8% $198.6M-13.6% $229.8M
Goodwill $185.2M0.0% $185.2M0.0% $185.2M0.0% $185.2M0.0% $185.2M0.0% $185.2M0.0% $185.2M0.0% $185.2M
Total Liabilities $4.0B-3.2% $4.1B+2.9% $4.0B+0.4% $4.0B+4.5% $3.8B+0.3% $3.8B+32.4% $2.9B-0.2% $2.9B
Current Liabilities $1.4B-5.2% $1.5B+6.5% $1.4B-1.0% $1.4B+10.3% $1.3B-2.7% $1.3B+7.9% $1.2B-1.9% $1.2B
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$694.5M+16.5% -$831.3M-24.3% -$668.6M+3.7% -$694.5M+2.4% -$711.4M+11.9% -$807.7M-17.9% -$685.3M+5.9% -$728.1M
Retained Earnings -$4.9B+1.8% -$5.0B-2.3% -$4.9B+0.5% -$4.9B0.0% -$4.9B+0.7% -$4.9B-2.0% -$4.8B+0.3% -$4.8B

NTNX Cash Flow Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $383.4M+94.3% $197.3M+0.3% $196.8M-10.3% $219.5M+0.5% $218.5M-1.4% $221.7M+37.0% $161.8M-33.9% $244.7M
Capital Expenditures $44.4M+649.6% $5.9M-73.4% $22.3M+89.9% $11.8M-22.2% $15.1M-56.4% $34.6M+252.0% $9.8M-51.9% $20.4M
Free Cash Flow $339.0M+77.1% $191.4M+9.7% $174.5M-16.0% $207.8M+2.1% $203.4M+8.7% $187.1M+23.1% $151.9M-32.3% $224.3M
Investing Cash Flow -$375.5M-5314.7% $7.2M+109.7% -$74.5M+67.0% -$225.6M+35.7% -$350.6M-1.0% -$347.3M-1131.7% -$28.2M-104.0% $703.4M
Financing Cash Flow $408.8M+207.2% -$381.6M-242.6% -$111.4M-14.8% -$97.0M-43.3% -$67.7M-114.1% $481.1M+766.1% -$72.2M+91.9% -$892.6M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $220.1M-33.9% $332.9M+562.8% $50.2M+0.4% $50.0M+32.5% $37.8M-81.1% $200.0M+895.0% $20.1M-19.6% $25.0M

NTNX Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 97.5%+10.1pp 87.4%+0.4pp 87.0%-0.2pp 87.2%+0.2pp 87.0%+0.0pp 87.0%+1.0pp 86.0%+0.8pp 85.2%
Operating Margin 18.5%+6.8pp 11.6%+4.3pp 7.4%+2.6pp 4.8%-2.8pp 7.6%-2.4pp 10.0%+5.4pp 4.6%+6.8pp -2.2%
Net Margin 15.9%+1.7pp 14.2%+5.0pp 9.3%+3.3pp 5.9%-4.0pp 9.9%+1.3pp 8.6%+3.6pp 5.1%+28.1pp -23.0%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets 1.7%-1.4pp 3.1%+1.3pp 1.9%+0.7pp 1.2%-0.9pp 2.1%+0.2pp 1.9%+0.5pp 1.4%+7.2pp -5.9%
Current Ratio 1.83+0.2 1.65-0.2 1.89+0.1 1.83-0.0 1.88+0.1 1.77+0.5 1.25+0.1 1.19
Debt-to-Equity -5.73-0.8 -4.94+1.0 -5.97-0.2 -5.73-0.4 -5.35-0.7 -4.70-0.5 -4.18-0.2 -3.94
FCF Margin 95.7%+69.2pp 26.5%+0.5pp 26.0%-5.8pp 31.8%-0.0pp 31.8%+3.3pp 28.6%+2.9pp 25.7%-15.2pp 40.9%

Note: Shareholder equity is negative (-$668.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

Nutanix Inc (NTNX) reported $2.5B in total revenue for fiscal year 2025. This represents a 18.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Nutanix Inc (NTNX) revenue grew by 18.1% year-over-year, from $2.1B to $2.5B in fiscal year 2025.

Yes, Nutanix Inc (NTNX) reported a net income of $188.4M in fiscal year 2025, with a net profit margin of 7.4%.

Nutanix Inc (NTNX) reported diluted earnings per share of $0.65 for fiscal year 2025. This represents a 227.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Nutanix Inc (NTNX) had EBITDA of $245.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Nutanix Inc (NTNX) had a gross margin of 86.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Nutanix Inc (NTNX) had an operating margin of 6.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Nutanix Inc (NTNX) had a net profit margin of 7.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Nutanix Inc (NTNX) generated $750.2M in free cash flow during fiscal year 2025. This represents a 25.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Nutanix Inc (NTNX) generated $821.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Nutanix Inc (NTNX) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Nutanix Inc (NTNX) invested $71.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Nutanix Inc (NTNX) invested $736.8M in research and development during fiscal year 2025.

Yes, Nutanix Inc (NTNX) spent $307.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Nutanix Inc (NTNX) had 269M shares outstanding as of fiscal year 2025.

Nutanix Inc (NTNX) had a current ratio of 1.89 as of fiscal year 2025, which is generally considered healthy.

Nutanix Inc (NTNX) had a debt-to-equity ratio of -5.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Nutanix Inc (NTNX) had a return on assets of 5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Nutanix Inc (NTNX) has negative shareholder equity of -$668.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Nutanix Inc (NTNX) has an Altman Z-Score of 0.84, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Nutanix Inc (NTNX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Nutanix Inc (NTNX) has an earnings quality ratio of 4.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Nutanix Inc (NTNX) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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