Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 773M | 10.9% |
| Gross Profit | 540M | 9% |
| Cost of Revenue | 548M | 2.5% |
| Operating expense | 515M | 4.1% |
| Net Income | 36M | 201.9% |
| EBITDA | 61M | 634.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.78B | 4.4% |
| Total Liabilities | 2.33B | 3.5% |
| Total Equity | 1.45B | 5.8% |
| Shares Outstanding | 326M | 1.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 227M | 2.3% |
| Cash from investing | -85M | 74.6% |
| Cash from financing | -72M | 390.3% |
EPS
Financial Highlights for Pure Storage in Q3 '24
Pure Storage reported a revenue of 773M, which is a 10.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 540M, marking a 9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 548M, a -2.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 515M, showing a -4.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 36M, showing a 201.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 61M, showing a 634.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Pure Storage with growth in revenue, gross profit, and net income.
