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Everpure Inc

purestorage.com

Everpure Inc (P) is an enterprise data storage company that sells all-flash storage hardware, embedded software, and storage-as-a-service subscriptions through its unified Everpure Platform. Revenue comes from two streams: product sales of FlashArray and FlashBlade hardware solutions, and subscription services revenue from Evergreen//One and Evergreen//Flex offerings, plus royalties from hyperscaler shipments (FY2026, fiscal year ended February 1, 2026). The platform spans on-premises, hybrid cloud, and public cloud environments, with cloud partnerships across Microsoft Azure, AWS, Google, and IBM. Portworx by Everpure targets the enterprise Kubernetes and container data management market, which the company describes as a leadership position in that segment. Operating cash flow reached $880.1 million in fiscal 2026, up from $753.6 million in fiscal 2025. The company uses third-party contract manufacturers for hardware production and sells through a direct sales force supported by channel partners and technology alliances with VMware, Cisco, NVIDIA, Commvault, Rubrik, and Veeam.

Products & Services

FlashArray: all-flash block storage for primary enterprise workloads. FlashBlade and FlashBlade//S: all-flash scale-out storage for unstructured file and object workloads including AI training, HPC, EDA, genomics, log analytics, and data protection at multi-petabyte scale. Evergreen//One: storage-as-a-service subscription delivering hybrid cloud storage with guaranteed SLAs; Everpure pays customers for power and rack space consumed by its infrastructure in their data centers. Evergreen//Flex: fleet-level subscription combining hardware ownership with pay-as-you-go flexibility. Portworx Enterprise: Kubernetes and container data management software covering primary container storage, backup, disaster recovery, and migration. Everpure Cloud services available on Azure and AWS.

Revenue Model

Product revenue from FlashArray and FlashBlade hardware and embedded licensed software sales, plus royalties from hyperscaler shipments. Subscription services revenue from Evergreen//One (storage-as-a-service with guaranteed SLAs, outcome-based capacity, performance, availability, and durability commitments) and Evergreen//Flex (fleet-level pay-as-you-go subscription with hardware ownership). Professional services revenue also included in subscription services. (FY2026, 10-K filed 2026-03-25)

Customers & Markets

Enterprise customers adopting AI, cloud-native applications, and modern data infrastructure. End markets include AI/ML training environments, high-performance computing, EDA, genomics, real-time analytics, and general enterprise data center workloads. Hyperscalers represent a customer category with Flash design win shipments beginning in fiscal 2026. No customer concentration percentages disclosed in the excerpts.

Geographic Exposure

Operations span domestic U.S. and foreign subsidiaries. Foreign subsidiaries conduct sales and marketing with profit margins set by transfer pricing principles. Specific geographic revenue breakdown not disclosed in the excerpts. Cloud partnerships with Azure, AWS, and Google support multi-region hybrid cloud delivery.

Financial Snapshot

Revenue
TTM
$3.937B
Gross Margin
TTM
70.27%
Net Income
TTM
$226.3M
Current Assets
2026 Q2
$3.050B
Current Liabilities
2026 Q2
$1.886B
Current Ratio
2026 Q2
161.68%
Total Assets
2026 Q2
$4.750B
Total Liabilities
2026 Q2
$3.308B
Book Value
2026 Q2
1.442B
Cash
2026 Q2
$837.8M
P/E
TTM
116.5
Free Cash Flow
TTM
$515.9M

Stock Price

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Market Cap: $26.37 Billion

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