--- title: "Everpure | 10-K: FY2026 Revenue Beats Estimate at USD 3.663 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/283985787.md" datetime: "2026-04-24T10:56:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283985787.md) - [en](https://longbridge.com/en/news/283985787.md) - [zh-HK](https://longbridge.com/zh-HK/news/283985787.md) --- # Everpure | 10-K: FY2026 Revenue Beats Estimate at USD 3.663 B Revenue: As of FY2026, the actual value is USD 3.663 B, beating the estimate of USD 3.636 B. EPS: As of FY2026, the actual value is USD 0.55. EBIT: As of FY2026, the actual value is USD 165.17 M. #### Segment Revenue - **Product Revenue:** Everpure, Inc.’s product revenue increased by 16% from $1,699,494 thousand in fiscal 2025 to $1,971,678 thousand in fiscal 2026. This growth was driven by sales of FlashArray//XL, FlashArray//X, and the //E family solutions to enterprise customers, as well as royalties from hyperscaler shipments . - **Subscription Services Revenue:** Subscription services revenue rose by 15% from $1,468,670 thousand in fiscal 2025 to $1,691,165 thousand in fiscal 2026. This increase was largely due to higher sales of Evergreen//One consumption and subscription-based offerings and renewals of Evergreen subscription services across the installed base . - **Total Revenue:** Total revenue for Everpure, Inc. grew by 16% from $3,168,164 thousand in fiscal 2025 to $3,662,843 thousand in fiscal 2026 . Revenue in the United States increased by 12% from $2.2 billion to $2.5 billion, while the rest of the world’s revenue grew by 25% from $960.8 million to $1.2 billion during the same period . #### Operational Metrics - **Net Income:** Everpure, Inc. reported net income of $106,739 thousand in fiscal 2025, which increased to $188,181 thousand in fiscal 2026 . - **Gross Margin:** - **Product Gross Margin:** Product gross margin slightly increased from 66% in fiscal 2025 to 67% in fiscal 2026, primarily due to product mix and royalties from hyperscaler shipments, partially offset by higher component costs . - **Subscription Services Gross Margin:** Subscription services gross margin remained consistent at 74% in both fiscal 2025 and fiscal 2026, driven by optimization and increased efficiencies in technical services operations and cost benefits from automating service logistics workflows . - **Total Gross Margin:** Total gross margin remained at 70% in both fiscal 2025 and fiscal 2026 . - **Operating Profit (Income from Operations):** Income from operations increased from $85,258 thousand in fiscal 2025 to $114,816 thousand in fiscal 2026 . - **Operating Margin:** Operating margin was approximately 2.7% in fiscal 2025 and 3.1% in fiscal 2026 . - **Operating Costs:** - **Research and Development (R&D) Expense:** R&D expense increased by 20% from $804,405 thousand in fiscal 2025 to $963,291 thousand in fiscal 2026, mainly due to higher employee compensation and related costs, including stock-based compensation . - **Sales and Marketing (S&M) Expense:** S&M expense increased by 16% from $1,020,914 thousand in fiscal 2025 to $1,181,488 thousand in fiscal 2026, primarily driven by increased employee compensation, sales commission expense, and higher costs for events and travel . - **General and Administrative (G&A) Expense:** G&A expense increased by 11% from $286,231 thousand in fiscal 2025 to $318,358 thousand in fiscal 2026, mainly due to higher employee compensation and related costs . - **Restructuring and Impairment:** Everpure, Inc. recognized $15,901 thousand in restructuring and impairment costs in fiscal 2025, with no such costs in fiscal 2026 . #### Cash Flow - **Net Cash Provided by Operating Activities:** Net cash provided by operating activities increased from $753,598 thousand in fiscal 2025 to $880,085 thousand in fiscal 2026. This was primarily driven by higher net income, partially offset by changes in operating assets and liabilities . #### Unique Metrics - **Subscription Annualized Recurring Revenue (ARR):** Subscription ARR grew by 16% year-over-year to $1,924,338 thousand at the end of fiscal 2026, compared to 21% growth in fiscal 2025. The slower growth in fiscal 2026 was mainly due to longer-term renewals of Evergreen subscription offerings . - **Subscription Net Dollar Retention (NDR):** The Subscription NDR was 113% for fiscal year 2026, down from 117% in fiscal year 2025 . - **Remaining Performance Obligations (RPO):** Total RPO reached $3.7 billion at the end of fiscal 2026, representing a 40% year-over-year growth compared to 14% at the end of fiscal 2025. This growth was driven by large deals and the strength of Evergreen//Forever and Evergreen//One offerings . Approximately 45% of the total RPO is expected to be recognized over the next 12 months . #### Outlook / Guidance Everpure, Inc. anticipates continued component pricing volatility throughout fiscal 2027, expecting product gross margin to decline in Q1 fiscal 2027 before normalizing for the full year . The company projects increases in absolute dollars for product revenue, subscription services revenue, and operating expenses . Everpure, Inc. believes its existing cash, cash equivalents, marketable securities, and revolving credit facility will be sufficient to fund operating and capital needs for at least the next 12 months . ### Related Stocks - [P.US](https://longbridge.com/en/quote/P.US.md) ## Related News & Research - [A Look At DiDi Global’s (OTCPK:DIDI.Y) Valuation As P/E And DCF Signals Appear To Conflict](https://longbridge.com/en/news/285221218.md) - [The stock market is flashing an ominous warning, and history could not be any more clear about where the S&P 500 is headed next](https://longbridge.com/en/news/284929896.md) - [Palantir sinks 7% despite Q1 crusher: Sector strength exposes the sky-high valuation](https://longbridge.com/en/news/285284861.md) - [A Look At Sumitomo Mitsui Financial Group (TSE:8316) Valuation After Strong Recent Shareholder Returns](https://longbridge.com/en/news/285160451.md) - [A Look At PC Connection (CNXN) Valuation After Earnings Beat And Strong AI Device Demand](https://longbridge.com/en/news/285143381.md)