Here are the 10-Q quarterly reports from Everpure, Inc. (P) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow P and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full P filings page.
Everpure, Inc. (P) reported strong top-line and earnings growth for the quarter ended August 2, 2026, its second quarter of fiscal 2027. Total revenue rose to $1.19 billion, up 38% year over year, driven by 54% growth in product revenue and 20% growth in subscription services. Net income increased to $74.1 million from $47.1 million, and operating income improved sharply to $63.2 million from $4.9 million, even as gross margin eased slightly to 68%.
Subscription annualized recurring revenue reached $2.13 billion, up 20%, and remaining performance obligations were $4.1 billion, with 42% expected to convert to revenue within 12 months, underscoring visibility from Evergreen and other as-a-service offerings. The company closed the $125.9 million acquisition of 1touch, adding $19.5 million of intangibles and $101.2 million of goodwill, and secured a second top-five hyperscaler design win.
Cash generation, however, weakened: operating cash flow for the first half of fiscal 2027 fell to $43.8 million from $496.1 million, largely due to a large increase in prepaid expenses and other assets. Cash, cash equivalents and restricted cash declined to $396.4 million, while marketable securities stood at $622.2 million. Everpure also entered a long-term supply arrangement committing to approximately $1.1 billion of component purchases through calendar 2027 and has $262.9 million of lease payments on the books plus about $385.8 million of additional lease commitments not yet commenced.
Everpure, Inc. reported strong growth for the quarter ended May 3, 2026, with total revenue rising 35% year over year to $1,052.9 million. Product revenue increased 55% to $576.5 million, while subscription services revenue grew 17% to $476.4 million, reflecting broader adoption of its Evergreen and cloud offerings.
The company swung from a net loss of $14.0 million to net income of $24.1 million, or $0.07 per diluted share, as operating income improved to $19.9 million. Gross margin held at 69%, with product gross margin expanding to 65%. Subscription annualized recurring revenue reached $2.04 billion, up 19%, and remaining performance obligations were $3.8 billion. Cash, cash equivalents and marketable securities totaled about $1.5 billion, and Everpure repurchased $84.1 million of stock while still generating $180.2 million in operating cash flow.