# Everpure, Inc. (P)

> Source: Nexqual · https://nexqual.com/P · data as of 2026-10-22 20:02 UTC · cite as "Nexqual, Everpure, Inc. (P), nexqual.com/P" · informational, not investment advice.

**Price:** USD 121.2 (-7.43% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 130.93 · day 120.27–127.23 · 52w 56.78–157.57 · market cap $40.4B · NYQ

## Key facts
- Last four reported quarters (through Aug 2, 2026): revenue $4.26B, net income $253M (5.9% margin), free cash flow $128M (SEC filings).
- Valuation: P/E 159.5x (avg 190.4x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold P (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.90 on a 1–5 scale) (20 analysts), mean target USD 151.11 (range 80–215).
- Total return with dividends: 1Y +29.4% vs S&P 500 +14.9%; 5Y +358.6% vs S&P 500 +80.3%.
- Next earnings: 2026-08-26, EPS estimate USD 0.77, revenue estimate $1.33B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.18B | $2.75B | $2.83B | $3.17B | $3.66B | $4.26B |
| Gross profit | $1.47B | $1.90B | $2.02B | $2.21B | $2.58B | — |
| Operating income | -$98.4M | $83.5M | $53.6M | $85.3M | $115M | $224M |
| Net income | -$143M | $73.1M | $61.3M | $107M | $188M | $253M |
| EPS (diluted) | -$0.50 | $0.23 | $0.19 | $0.31 | $0.55 | — |
| Free cash flow | $308M | $609M | $483M | $527M | $616M | $128M |
| Gross margin | 67.5% | 68.9% | 71.4% | 69.8% | 70.4% | — |
| Operating margin | -4.5% | 3.0% | 1.9% | 2.7% | 3.1% | 5.3% |
| Net margin | -6.6% | 2.7% | 2.2% | 3.4% | 5.1% | 5.9% |
| Revenue growth | +29.5% | +26.3% | +2.8% | +11.9% | +15.6% | — |
| Cash + short-term investments | $1.41B | $1.58B | $1.53B | $1.52B | $1.55B | — |
| Total debt | $787M | $575M | $100M | $100M | — | — |
Fiscal years end Feb. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 2, 2026)
P/E 159.5x · P/S 9.5x · P/FCF 315.1x · P/B 26.2x · FCF yield 0.32% · Earnings yield 0.63% · Buyback yield (TTM) 0.83%
P/E at fiscal year-ends: Feb 2026 117.1x, Feb 2025 168.5x, Feb 2024 285.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold P. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | <0.01% | $302K | New position |

## Analysts
Consensus Buy (mean 1.90 on a 1–5 scale), 20 analysts; mean target USD 151.11 (low 80, high 215).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Guggenheim | Target raised | Buy | $150 → $215 |
| 2026-10-08 | Needham | Target raised | Buy | $150 → $185 |
| 2026-09-25 | Barclays | Target raised | Equal-Weight | $110 → $132 |
| 2026-09-24 | Morgan Stanley | Target raised | Overweight | $119 → $137 |
| 2026-09-24 | Lake Street | Target raised | Buy | $120 → $130 |
| 2026-09-24 | Piper Sandler | Target raised | Overweight | $133 → $162 |
| 2026-09-24 | Citigroup | Target raised | Buy | $130 → $160 |
| 2026-09-24 | Evercore ISI Group | Target raised | Outperform | $130 → $145 |
| 2026-09-24 | Guggenheim | Reiterated | Buy | $150 |
| 2026-09-24 | Wedbush | Reiterated | Outperform | $130 |
| 2026-09-24 | Wells Fargo | Target raised | Overweight | $135 → $145 |
| 2026-09-24 | Needham | Target raised | Buy | $140 → $150 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +29.4% | +358.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.6% | +35.5% |
| Volatility (annualized) | 72.0% | 53.3% |
| Max drawdown | -42.3% (Oct 2025→Mar 2026) | -48.5% (Jan 2025→Mar 2025) |

## Peers (Computer Hardware)
HPQ (HP Inc.) USD 33.76 +7.79% · SMCI (Super Micro Computer, Inc.) USD 33.72 -5.20% · LOGI (Logitech International S.A. - R) USD 112.52 +1.98% · WDC (Western Digital Corporation) USD 354.19 -6.43% · IONQ (IonQ, Inc.) USD 31.16 -3.47% · STX (Seagate Technology Holdings PLC) USD 642.14 -7.86%

## More
Full page: https://nexqual.com/P · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in P's own 10-K filed 2026-03-25 (https://www.sec.gov/Archives/edgar/data/1474432/000147443226000027/pstg-20260201.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Microsoft (MSFT) | "Portworx, along with Everpure™ Cloud services in both Azure and Amazon Web Services (AWS), allow us to help customers operationalize their hybrid-cloud environment by enabling them to run and deploy both traditional and …" |
| Customer | Amazon (AMZN) | "Portworx, along with Everpure™ Cloud services in both Azure and Amazon Web Services (AWS), allow us to help customers operationalize their hybrid-cloud environment by enabling them to run and deploy both traditional and …" |
| Customer | OS76 | "Everpure, Inc. (the Company, we, us, or other similar pronouns) was originally incorporated in the state of Delaware in October 2009 under the name OS76, Inc. In January 2010, we changed our name to Pure Storage, Inc. In…" |
| Customer | Pure Storage | "Everpure, Inc. (the Company, we, us, or other similar pronouns) was originally incorporated in the state of Delaware in October 2009 under the name OS76, Inc. In January 2010, we changed our name to Pure Storage, Inc. In…" |
| Partner | Oracle (ORCL) | "Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, R…" |
| Partner | SAP (SAP) | "Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, R…" |
| Partner | Alphabet (Google) (GOOGL) | "Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, R…" |
| Partner | Cisco (CSCO) | "Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, R…" |
| Partner | NVIDIA (NVDA) | "Our technology partners include application partners such as VMware, RedHat, Nutanix, Microsoft, Oracle and SAP, cloud partners such as Microsoft Azure, AWS, Google, and IBM, data protection partners such as Commvault, R…" |
| Competitor | IBM (IBM) | "Our main competitors include legacy vendors, such as Dell EMC, NetApp, Hitachi Vantara, HP Enterprise, and IBM, each of which offer a broad range of systems targeting various use cases and end markets and have the techni…" |
| Competitor | Dell Technologies (DELL) | "Our main competitors include legacy vendors, such as Dell EMC, NetApp, Hitachi Vantara, HP Enterprise, and IBM, each of which offer a broad range of systems targeting various use cases and end markets and have the techni…" |
| Competitor | Huawei | "We face intense competition from a number of established companies that sell competing storage products, including Dell EMC, HP Enterprise, Huawei, Hitachi Vantara, IBM, and NetApp." |

## Revenue by product line (quarter ended 2026-08-02)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product | $686.8M | 57.9% | +53.9% |
| Subscription services | $499.1M | 42.1% | +20.4% |
| Total revenue | $1.19B | 100% | — |

## Revenue by region (quarter ended 2026-08-02)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $688.4M | 58.0% | +19.3% |
| Rest of the world | $497.5M | 42.0% | +75.2% |
| Total revenue | $1.19B | 100% | — |

## Customer concentration

Period ended 2026-02-01: 10% of revenue from unnamed direct customers (10-K, filed 2026-03-25).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.77 | $0.64 | +19.9% | $1.33B | 19 |
| Next quarter (ends 2027-01-31) | $0.84 | $0.74 | +13.7% | $1.48B | 19 |
| Current fiscal year (ends 2027-01-31) | $2.78 | $2.44 | +14.2% | $5.05B | 19 |
| Next fiscal year (ends 2028-01-31) | $4.17 | $3.01 | +38.6% | $7.03B | 19 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 80.4% | ±18.1% |
| 2026-12-18 | 56 | 74.0% | ±23.3% |
| 2027-01-15 | 84 | 71.2% | ±27.4% |
| 2027-02-19 | 119 | 74.3% | ±33.7% |
| 2027-05-21 | 210 | 71.7% | ±42.9% |
| 2027-06-17 | 237 | 72.3% | ±45.8% |
| 2027-09-17 | 329 | 71.9% | ±53.2% |