Published
{
"ticker": "P",
"cik": "0001474432",
"company": "Everpure, Inc.",
"business_type": "technology hardware and subscription services",
"schema_template": "standard technology template: product and subscription services revenue with their cost of revenue and gross profit, operating expenses and operating income, net income and per-share amounts; balance sheet cash, marketable securities, deferred revenue, debt, assets and equity; operating cash flow, capital expenditure and free cash flow, plus subscription annual recurring revenue as the company's headline operating metric",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual dollars (not thousands); share counts are actual shares; per-share amounts are actual dollars per share",
"units_notes_seen": {
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"FY2026 10-K consolidated statements of operations": "(in thousands, except per share data)",
"FY2026 10-K consolidated statements of cash flows": "(in thousands)",
"FY2026 10-K consolidated statements of stockholders' equity": "(in thousands)",
"FY2026 10-K Subscription ARR table (MD&A)": "(in thousands)",
"FY2026 10-K remaining performance obligations (Note on revenue)": "stated in text as \"$ 3.7 billion\"",
"Q2 FY2027 10-Q condensed consolidated balance sheets": "(in thousands, except per share data, unaudited)",
"Q2 FY2027 10-Q condensed consolidated statements of operations": "(in thousands, except per share data, unaudited)",
"Q2 FY2027 10-Q condensed consolidated statements of cash flows": "(in thousands, unaudited)",
"Q2 FY2027 10-Q condensed consolidated statements of stockholders' equity": "(in thousands, unaudited)",
"Q2 FY2027 10-Q Subscription ARR table (MD&A)": "(dollars in thousands, unaudited)",
"Q2 FY2027 10-Q remaining performance obligations (Note on revenue)": "stated in text as \"$ 4.1 billion\"",
"Q2 FY2027 earnings release condensed consolidated statements of cash flows": "(in thousands, unaudited)",
"Q2 FY2027 earnings release free cash flow reconciliation": "(in thousands except percentages, unaudited)",
"FY2026 10-K net income per share note (Note 12)": "(in thousands, except per share data)"
},
"adjustments": {
"splits_applied": [],
"splits_note": "No stock split falls within or between the periods in this record; every share count and per-share amount is as filed.",
"adr_ratio": null,
"adr_note": "Everpure's Class A common stock is listed directly on the New York Stock Exchange; there are no American depositary shares, so per-share amounts are per share of Class A common stock.",
"fx": null,
"fx_note": "Everpure reports in US dollars; no currency conversion was applied."
},
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"notes": [
"Every figure here comes from Everpure's annual report on Form 10-K for fiscal 2026 (accession 0001474432-26-000027, filed March 25, 2026) and its quarterly report on Form 10-Q for the second quarter of fiscal 2027 (accession 0001474432-26-000088, filed September 4, 2026), with one exception: the three-month cash flow figures, which come from the second-quarter earnings release furnished on Form 8-K (accession 0001474432-26-000084, filed August 26, 2026) and are explained below.",
"Everpure, Inc. was named Pure Storage, Inc. until February 2026, when it changed its name to Everpure, Inc.; the company is the same and its financial statements continue without a break.",
"Fiscal calendar: Everpure uses a 52/53-week fiscal year ending on the first Sunday after January 30. Fiscal 2024, 2025 and 2026 were 52-week years ended February 4, 2024, February 2, 2025 and February 1, 2026. The second quarter of fiscal 2027 ended August 2, 2026 and the second quarter of fiscal 2026 ended August 3, 2025. The filings print the end dates; the start dates here follow from those 52-week years and 13-week quarters.",
"Periods reported: the three fiscal years the 10-K's statements of operations and cash flows present (fiscal 2024, 2025 and 2026); the two balance sheet dates the 10-K presents (the ends of fiscal 2025 and fiscal 2026); and, from the 10-Q, the second quarters of fiscal 2027 and fiscal 2026, the first two quarters (six months) of each of those years, and the balance sheet at the end of the second quarter of fiscal 2027. Fiscal 2024 carries no balance sheet and the second quarter of fiscal 2026 carries no balance sheet, because neither filing presents one at those dates.",
"Schema: a standard technology template. Everpure's product revenue is sales of its FlashArray and FlashBlade storage systems, royalties from hyperscaler shipments and Portworx term software licenses, and its subscription services revenue is its Evergreen, Portworx and Everpure Cloud consumption and subscription-based offerings, support and maintenance, and professional services, so revenue, cost of revenue and gross profit are split between those two streams as the statements present them. Subscription annual recurring revenue (ARR), the company's own key business metric, is carried alongside the statements; the company defines it as the annualized recurring contract value of all active, non-cancelable customer subscription agreements at the end of the quarter, plus on-demand billings for the quarter multiplied by four. ARR is taken from the management's discussion and analysis section of each filing, not from the audited statements.",
"Line-item naming follows the statements: `operating_income` is the filing's \"Income (loss) from operations\"; `other_income_expense_net` is \"Other income (expense), net\"; `provision_for_income_taxes` is \"Provision (benefit) for income taxes\", so the negative figure for the second quarter of fiscal 2027 ($1,988 thousand) is a tax benefit; `restructuring_and_impairment` appears only in the annual statements, which print it for fiscal 2024 and 2025 and show none for fiscal 2026; `capex` is \"Purchases of property and equipment\"; `acquisitions` is the cash paid for acquisitions; `share_repurchases` is \"Repurchases of common stock\". Earnings per share are \"Net income per share attributable to common stockholders\", and share counts are the weighted-average shares used in computing it.",
"Diluted earnings per share for fiscal 2024 is struck on net income attributable to common stockholders, diluted, of $61,941 thousand, which adds back $630 thousand of interest charges on the company's convertible notes to net income of $61,311 thousand (10-K Note 12); that numerator is carried as `net_income_attributable_to_common_stockholders_diluted`. For fiscal 2025 and 2026 there is no add-back and the numerator equals net income. The 10-Q prints no such add-back for the fiscal 2027 or fiscal 2026 interim periods.",
"Three-month cash flows: the 10-Q prints its cash flow statement only for the first two quarters of each fiscal year. The cash flow figures for the second quarters of fiscal 2027 and fiscal 2026 (operating cash flow, depreciation and amortization, stock-based compensation, capital expenditure, acquisitions, investing and financing totals, share repurchases and free cash flow) therefore come from the condensed consolidated statements of cash flows and the free cash flow reconciliation in the earnings release furnished with the Form 8-K (accession 0001474432-26-000084). The release's six-month cash flow columns agree with the 10-Q's.",
"Free cash flow is a non-GAAP measure. For the two second quarters it is the company's own figure from the earnings release: net cash provided by (used in) operating activities less purchases of property and equipment, which the company notes includes capitalized internal-use software costs of $12.5 million in the second quarter of fiscal 2027 and $8.7 million in the second quarter of fiscal 2026. For the fiscal years and the six-month periods, which the 10-K and 10-Q do not print it for, it is calculated here on the same definition from the statements of cash flows.",
"Trailing twelve months ended August 2, 2026: calculated by adding the first two quarters of fiscal 2027 to fiscal 2026 and deducting the first two quarters of fiscal 2026, using the 10-K (accession 0001474432-26-000027) and the 10-Q (accession 0001474432-26-000088). Per-share amounts and share counts are not calculated for this period because they cannot be added across periods.",
"Debt: `total_debt` is the balance sheet's \"Debt, current\" line, the only borrowing the balance sheets show. The $100.0 million outstanding at the end of fiscal 2025 was borrowed under the company's prior $300.0 million revolving credit facility, which was repaid in full and terminated on June 10, 2025, when it was replaced by a five-year $500.0 million senior unsecured revolving credit facility expiring June 10, 2030. The 10-Q states there were no outstanding borrowings under that facility at the end of the second quarter of fiscal 2027.",
"Operating cash flow was an outflow of $136.3 million in the second quarter of fiscal 2027, against an inflow of $212.2 million a year earlier. The earnings release's cash flow statement shows a $577.2 million outflow from prepaid expenses and other assets in the quarter, and on the balance sheet prepaid expenses and other current assets rose from $356.0 million at the end of fiscal 2026 to $1,025.6 million at the end of the second quarter of fiscal 2027. The 10-Q shows that increase is mainly in other receivables (from $250.0 million to $903.7 million), which it describes as primarily receivables from contract manufacturers for component purchases made and sold to them, and tax-related receivables. Its discussion of cash flows attributes the year-over-year decrease in six-month operating cash flow primarily to changes in operating assets and liabilities, which it says were primarily impacted by strategic component purchases to support customer demand and secure component supply.",
"Acquisition: on May 7, 2026 Everpure acquired 1touch, a data intelligence and orchestration company, for total cash consideration of $125.9 million; the statements of cash flows show $125.3 million paid net of cash acquired. Goodwill rose from $365.1 million at the end of fiscal 2026 to $466.3 million at the end of the second quarter of fiscal 2027. The 10-Q states 1touch's results since the acquisition date are not material.",
"Remaining performance obligations (contracted revenue not yet recognized) are printed in the filings only rounded to the nearest $0.1 billion: $3.7 billion at the end of fiscal 2026 and $4.1 billion at the end of the second quarter of fiscal 2027. They are carried at that precision.",
"No stock split, currency conversion or depositary-share adjustment applies: Everpure reports in US dollars, its Class A common stock trades directly on the New York Stock Exchange, and no split falls within these periods."
],
"uncertainties": [
"Period start dates are not printed in the filings; they follow from the stated 52-week fiscal years and from 13-week quarters. The second quarter of fiscal 2027 is taken to run from May 4, 2026 (the first quarter ended May 3, 2026, as the company's first-quarter earnings release, accession 0001474432-26-000046, states) to August 2, 2026, and the second quarter of fiscal 2026 from May 5, 2025 (the prior first quarter ended May 4, 2025, per the earnings release with accession 0001628280-25-028151) to August 3, 2025.",
"Remaining performance obligations are rounded to the nearest $0.1 billion in the filings and so are less precise than the other figures in this record."
],
"headline": {
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"period_end_words": "August 2, 2026",
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"text": "$1.19 billion",
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{
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"abs": "$63.16 million",
"prior_value": 4871000,
"prior": "$4.87 million",
"priorabs": "$4.87 million",
"yoy": "up 1,196.6%",
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},
{
"label": "Operating cash flow",
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"summary": "Everpure, the storage company formerly named Pure Storage, reported revenue of $1.19 billion for Q2 FY2027, the quarter ended August 2, 2026, up 37.7% from a year earlier, led by higher product sales. Net income was $74.15 million, or $0.21 per diluted share, compared with $47.12 million a year earlier, and operating income was $63.16 million, compared with $4.87 million. Operating cash flow was an outflow of $136.35 million, against an inflow of $212.16 million a year earlier, after Everpure made strategic component purchases to support customer demand and secure supply.",
"qa": [
{
"q": "How much revenue did Everpure report in Q2 FY2027?",
"a": "Everpure reported revenue of $1.19 billion for Q2 FY2027, the quarter ended August 2, 2026. That is up 37.7% from $861.00 million in the same quarter a year earlier."
},
{
"q": "What were Everpure's net income and earnings per share in Q2 FY2027?",
"a": "Everpure earned net income of $74.15 million, or $0.21 per diluted share, in Q2 FY2027, compared with $47.12 million, or $0.14 per diluted share, a year earlier. Higher operating income drove the change, while other income was lower than a year earlier, when it included a gain on an equity security."
},
{
"q": "What was Everpure's operating income in Q2 FY2027?",
"a": "Everpure's operating income was $63.16 million in Q2 FY2027, the quarter ended August 2, 2026, compared with $4.87 million in the same quarter a year earlier, as revenue grew faster than operating expenses."
},
{
"q": "Why was Everpure's operating cash flow negative in Q2 FY2027?",
"a": "Everpure's operating cash flow was an outflow of $136.35 million in Q2 FY2027, compared with an inflow of $212.16 million a year earlier. Everpure attributes the decline in its first-half operating cash flow mainly to changes in working capital from strategic component purchases made to support customer demand and secure component supply."
}
]
},
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"Exchange": "NYSE",
"State": "California",
"Incorporation": "Delaware",
"SIC": "3572",
"Office": "Technology",
"Industry": "Computer Storage Devices"
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