Everpure
Everpure, formerly known as Pure Storage, is a global technology company providing an integrated storage and data management platform.
10-K, Mar 25, 2026
Source and method
In the company’s words: first descriptive sentence of 10-K Item 1, verbatim (extractive). Item 1 · Business · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Business
How does Everpure make money?
Product is 53.6% of revenue.
Source and method
Revenue by revenue types, FY2025.
annual report FY2025 · 0001628280-25-015044 · shares derived = part / total revenue
Calculated: share = part revenue ÷ total revenue ($3.2B).
- Product: $1.7B · 53.6%
- Service: $1.5B · 46.4%
What is left of every $100?
Of every $100 in revenue, $5 is net income.
Source and method
Of every $100 of revenue, FY2026.
Calculated: amount ÷ revenue × 100.
- Revenue: $3.7B
- Gross profit: $2.6B
- Operating income: $115M
- Net income: $188M
- Free cash flow: $616M
Where do customers sit?
67.3% of revenue is from United States.
Source and method
Revenue by region, latest annual report.
10-K · 0001474432-26-000027 · XBRL revenue by country · one level, shares add up to 100.0% · derived
Calculated: share = region revenue ÷ total revenue.
In the company’s words ›
“Data is foundational to our customers’ business transformation and increasingly central to their operational resilience and competitive differentiation.”
“As data volumes expand and artificial intelligence (AI) becomes more deeply embedded in customers' operations, the ability to store, manage, govern, and derive greater value from their data is becoming as important as the infrastructure used to store it.”
“We began as a provider of flash-based storage systems.”
Item 1 · Business · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Where did the growth actually come from?
Service drove 70% of Everpure’s growth.
Source & method
- Counted
- Segment revenue as filed, first and last fiscal year of the range.
- Formulas
- Change = segment revenue (to) − segment revenue (from); share of growth = change / total revenue change (calculated). Not allocated = total revenue − sum of reported segments (calculated, never filled in).
- Guards
- Segment break: if the company redrew its segments inside the range, no share of growth is claimed. No segment break reported for this company. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Thesis
Why do people invest?
1 reason in the company’s own words.
Position (in the company’s words)
“Today, we are in approximately 64% of Fortune 500 companies, and the loyalty of our customers is reflected in our market-leading, certified customer Net Promoter Score (NPS) of 84 as of December 31, 2025.”
Item 1 · Business · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Source and method
Verbatim · selection. Sentences selected by rules from the 10-K and checked word for word against it; no AI summary. Not investment advice, not a recommendation, no forecast.
1 of 1 points met the selection rules (score, subject = the metric, quoted number within ±10% of the stored value).
KPIs
How fast is revenue growing?
Revenue grew 16% to $3.7B.
Revenue grew 38% YoY to $1.2B.
Source & method
- Counted
- Total revenue, as filed in 10-K / 20-F / 10-Q XBRL.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Did the growth reach the shareholder?
Per share, revenue grew 31.6%.
Source & method
- Counted
- Revenue and weighted-average diluted shares, as filed, first and last fiscal year of the range.
- Formulas
- Revenue per diluted share = revenue / diluted shares; growth = (to / from) − 1. All three changes are calculated.
- Guards
- IPO: if the start year ended more than 365 days before the first SEC filing and diluted shares then rose ≥25%, the range is hidden by default (Options → Include IPO-distorted periods). Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How profitable is it?
3.1% operating margin, up from 2.7%.
70.4% gross margin, up from 69.8%.
Operating income grew 35% to $115M.
Net income grew 76% to $188M.
R&D grew 20% to $963M.
SG&A grew 15% to $1.5B.
EPS diluted grew 77% to $0.55.
5.3% operating margin, up from 0.6%.
68.4% gross margin, down from 70.2%.
Operating income grew 1197% YoY to $63.2M.
Net income grew 57% YoY to $74.1M.
R&D grew 21% YoY to $294M.
SG&A grew 27% YoY to $454M.
EPS diluted grew 50% YoY to $0.21.
Source & method
- Counted
- Income statement items, as filed.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How much cash does it make, and where does it go?
Keeps $17 of every $100 as free cash.
Operating cash flow grew 17% to $880M.
Capex grew 17% to $264M.
Buybacks fell 8.4% to $343M.
Stock-based compensation grew 14% to $482M.
Free cash flow: −$238M in FY2027 Q2.
Operating cash flow: −$136M in FY2027 Q2.
Capex grew 63% YoY to $101M.
Buybacks grew 63% YoY to $69.0M.
Stock-based compensation grew 36% YoY to $160M.
Source & method
- Counted
- Cash flow statement items, as filed; free cash flow = operating cash flow − capex (calculated).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How strong is the balance sheet?
Cash: $855M; debt not reported.
Total debt: $100M (latest: FY2025).
Interest expense fell 57% to $3.4M.
Total assets grew 18% to $4.7B.
Equity grew 11% to $1.4B.
Cash fell 57% YoY to $386M.
Total debt was flat at $100M YoY.
Interest expense fell 72% YoY to $292K.
Total assets grew 30% YoY to $5.2B.
Equity grew 17% YoY to $1.5B.
Source & method
- Counted
- Balance sheet items at fiscal year end, as filed; total debt is derived from reported components (excl. operating leases).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Dependencies
Who does Everpure depend on?
No customer above the disclosure threshold.
Customers, suppliers, stakes and mentions ›
Only what filings state. Anonymous customers stay anonymous.
Largest customers (Everpure annual report)
No customer with a reported share of revenue (the 10-K names none above the disclosure threshold).
Suppliers named by Everpure
No supplier among the covered companies is named in the filings.
Everpure holds stakes in
No stake in a covered company found in SEC filings.
Others name Everpure
2 competitor mentions (e.g. HPE, IBM) in covered companies’ filings. Mentions, not confirmed relationships.
Risks
What could go wrong?
4 of 54 risk factors, one per theme.
Supply chain and manufacturing
“If we do not manage the supply of our products and their components efficiently, or if our suppliers fail to perform their contractual obligations to us or are otherwise unable to allocate a sufficient volume of components to us, our ability to deliver products could be adversely affected and result in delayed or reduced revenue, reduced product margins or lost sales opportunities altogether.”
Item 1A · Risk Factors · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Competition
“We face intense competition from established companies and others.”
Item 1A · Risk Factors · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Trade, government policy and geopolitics
“Our business, operating results, and cash flows may be adversely impacted by uncertain macroeconomic conditions, and the uncertain geopolitical environment.”
Item 1A · Risk Factors · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Economic conditions
“Our operations and performance depend in part on worldwide economic conditions and the economic health of our current and prospective customers.”
Item 1A · Risk Factors · 10-K · 0001474432-26-000027 · filed Mar 25, 2026
Source and method
Short verbatim quotes from the risk factors in Item 1A, one per theme (a partial selection). Full list: 10-K.
Who’s invested
Who owns more than 5%?
BlackRock, Inc. holds 10.1%.
BlackRock, Inc.10.1%
13G/A · as of Nov 28, 2025 · filed Dec 3, 2025
Vanguard Portfolio Management LLC5.16%
13G · as of Mar 31, 2026 · filed Apr 29, 2026
Vanguard Capital Management LLC5.08%
13G · as of Mar 31, 2026 · filed Apr 29, 2026
ARK Investment Management LLC15.1% (then)
13G/A · as of Dec 31, 2020 · filed Feb 16, 2021 · older than 18 months, current position unknown
Fmr LLC14.8% (then)
13G/A · filed Feb 9, 2024 · older than 18 months, current position unknown
Source and method
Holders above 5% from Schedule 13G/13D, SEC filings only. “(then)”: reported in a filing older than 18 months; the current position is not known from SEC 13G/13D data.
11 filings reporting a stake below 5% (e.g. after selling) not listed.
13F holders and insider trades ›
Largest institutional holders, 13F, quarter ending Jun 30, 2026
Fmr LLC18.0%
49.9M shares · 13F filed Aug 13, 2026 · share of 13F-reported
BlackRock, Inc.12.5%
34.7M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Vanguard Portfolio Management LLC6.2%
17.0M shares · 13F filed Aug 13, 2026 · share of 13F-reported
Vanguard Capital Management LLC5.2%
14.3M shares · 13F filed Aug 13, 2026 · share of 13F-reported
State Street Corp4.2%
11.7M shares · 13F filed Aug 7, 2026 · share of 13F-reported
812 13F filers report positions. 13F covers managers with over $100M in US equities; it is not a full shareholder list, and shares are not a percentage of shares outstanding. 1 large filing with inconsistent reported value per share left out.
Insiders, last 12 months (Form 4, open market)
0 purchases · 171 sales · $296M sold
Grants, gifts and tax withholding counted separately · window Oct 14, 2025 – Oct 14, 2026
All metrics
All metrics · 34 SEC metrics, FY2017–FY2026
Income statement 12
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | ||||||||||
| D&A | ||||||||||
| G&A | ||||||||||
| Gross profit | ||||||||||
| Income taxes | ||||||||||
| Interest expense | ||||||||||
| Net income | ||||||||||
| Operating income | ||||||||||
| Research and development | ||||||||||
| Revenue | ||||||||||
| SG&A calc. | ||||||||||
| Sales & marketing | ||||||||||
Balance sheet 9
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | ||||||||||
| Current liabilities | ||||||||||
| Current portion of long-term debt | not reported | not reported | not reported | not reported | not reported | |||||
| Equity | ||||||||||
| Equity incl. NCI | ||||||||||
| Long-term debt | not reported | not reported | ||||||||
| Total assets | ||||||||||
| Total debt calc. | not reported | not reported | ||||||||
| Total liabilities & equity | ||||||||||
Cash flow 6
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Buybacks | ||||||||||
| Capex | ||||||||||
| Free cash flow calc. | ||||||||||
| Interest paid | ||||||||||
| Operating cash flow | ||||||||||
| Stock-based compensation | ||||||||||
Per share & shares 4
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| EPS basic | ||||||||||
| EPS diluted | ||||||||||
| Wtd. shares basic | ||||||||||
| Wtd. shares diluted | ||||||||||
Other 3
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other income (incl. interest) | ||||||||||
| Pretax income | ||||||||||
| Total liabilities | ||||||||||
Method
extractive: verbatim sentences selected by rules from Item 1, 1A and 7; no AI summary; every sentence matched verbatim against the filing text. Numbers: Hollsteen SEC dataset. Every value opens its SEC source · version history of all values