Nutanix
Financial Performance
Nutanix Revenue & Financials
Revenue
$2.1B (FY2024)
Market Cap
$16.5B
Employees
6,700
What is Nutanix's revenue?
Nutanix had $2.1B in revenue for fiscal year 2024, up 15.3% from 2023. It reported a net loss of $124M.
- Latest revenue
- $2.1B (FY2024)
- Year-over-year
- +15.3%
- Growth rate (CAGR)
- 27.5% over 9 years
- Peak revenue
- $2.1B (FY2024)
- Years of data
- 10
- Employees
- 6,700
- How much profit does Nutanix make?
- Nutanix reported a net loss of $124M for fiscal year 2024.
- How many employees does Nutanix have?
- Nutanix has about 6,700 employees.
Financial Analysis
Nutanix's financial results demonstrate a textbook corporate turnaround characterized by accelerating subscription ARR, expanding gross margins, and milestone GAAP net profitability. In fiscal year 2024 (ended July 31, 2024), Nutanix delivered consolidated net revenue of $2.148 billion, representing a 15% year-over-year increase compared to $1.863 billion in FY2023. Annual Recurring Revenue (ARR) surged 22% to $1.91 billion. GAAP gross profit reached $1.82 billion, resulting in an elite gross margin of 84.8%. Demonstrating strong operational discipline, Nutanix achieved GAAP net income of $84.0 million—marking the company's first full year of GAAP net profitability in corporate history. Free cash flow surged to a record $598 million, representing an exceptional free cash flow margin of 28% of revenue. The company maintains a fortified balance sheet with approximately $1.65 billion in cash, cash equivalents, and short-term investments, providing complete financial self-sufficiency.
Revenue Trend Analysis
YoY Change
+15.3%
9-Year CAGR
+27.5%
Peak Year
2024
Trend
Consistent Growth
Nutanix has 10 full fiscal year figures on this page, compounding at +27.5% annually over 9 years. The most recent year saw a 15.3% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $2.1B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $2.1B | -$124M | +15.3% |
| FY2023 | $1.9B | -$214.6M | +17.8% |
| FY2022 | $1.6B | -$797.5M | +13.4% |
| FY2021 | $1.4B | -$1B | +6.7% |
| FY2020 | $1.3B | -$872.9M | +5.7% |
| FY2019 | $1.2B | -$621.2M | +20.5% |
| FY2018 | $1B | -$297.2M | +33.8% |
| FY2017 | $766.9M | -$458M | +72.4% |
| FY2016 | $444.9M | -$168.5M | +84.3% |
| FY2015 | $241.4M | -$126.1M | — |
Click any row to see year details.
Keep researching Nutanix
Nutanix Revenue and Financial FAQ
What was Nutanix's latest reported annual revenue?
In its latest audited financial reporting period, Nutanix recorded consolidated net revenue of $2.15B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Nutanix?
Nutanix generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Nutanix's capital and liquidity position?
Nutanix maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Nutanix distribute capital to shareholders?
Nutanix executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Nutanix Revenue & Financials." CorpDigest, https://corpdigest.com/company/nutanix/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Nutanix reported $2.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/nutanix/financials" target="_blank" rel="noopener">CorpDigest — Nutanix financials</a></div>Related Financial Audits
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