Executive Summary
Nutanix reported Q4 2024 results showing revenue of $547.95 million with a gross margin of 85.2%. Despite revenue momentum, the company posted an operating loss of $12.19 million and a net loss of $126.10 million, driven by substantial non-operating items totaling negative $106.36 million and a heavy tilt of operating expenses. EBITDA stood at $19.17 million, translating to an EBITDA margin of roughly 3.5%. The quarter generated positive operating cash flow of $244.70 million and free cash flow of $224.26 million, underpinned by disciplined working capital changes and stock-based compensation. Nutanix ended the period with cash and cash equivalents of $655.27 million and total debt of $695.22 million, leaving net debt of $39.95 million. Notably, total liabilities exceeded assets, and stockholders’ equity remained negative at $(728.15) million, reflecting accumulated losses and balance-sheet dynamics including large deferred revenue balances of $954.54 million current and $918.16 million non-current, consistent with a software subscription and multi-cloud services model. The cash flow framework signals operational strength, but profitability improvements depend on a favorable mix shift, cost discipline, and potential reductions in non-operating charges. Absent explicit management guidance in the data, the near-term trajectory will hinge on sustaining revenue momentum while closing the gap to profitability and stabilizing the balance sheet.
Key Performance Indicators
QoQ: -707.51% | YoY:-849.06%
QoQ: -703.15% | YoY:-812.34%
Key Insights
Revenue: $547.95M; YoY growth: 10.87%; QoQ growth: 4.46%; Gross Profit: $466.97M; Gross Margin: 85.22%; EBITDA: $19.17M; EBITDA Margin: 3.50%; Operating Income: $(12.19)M; Operating Margin: (2.22)%; Net Income: $(126.10)M; Net Margin: (23.01)%; EPS (Diluted): $(0.51); Weighted Avg Shares: 247.89M; Free Cash Flow: $224.26M; Operating Cash Flow: $244.70M; Capex: $(20.44)M; Cash at End of Period: $655.27M; Total Debt: $695.22M; Net Debt: $(39.95)M; Current Ratio: 1.19; Quick Ratio: 1.06; Cash Ratio...
Financial Highlights
Revenue: $547.95M; YoY growth: 10.87%; QoQ growth: 4.46%; Gross Profit: $466.97M; Gross Margin: 85.22%; EBITDA: $19.17M; EBITDA Margin: 3.50%; Operating Income: $(12.19)M; Operating Margin: (2.22)%; Net Income: $(126.10)M; Net Margin: (23.01)%; EPS (Diluted): $(0.51); Weighted Avg Shares: 247.89M; Free Cash Flow: $224.26M; Operating Cash Flow: $244.70M; Capex: $(20.44)M; Cash at End of Period: $655.27M; Total Debt: $695.22M; Net Debt: $(39.95)M; Current Ratio: 1.19; Quick Ratio: 1.06; Cash Ratio: 0.53; DSO: 39.06 days; DIO: 187.50 days; CCC: 226.56 days; Deferred Revenue (Current): $954.54M; Deferred Revenue (Non-Current): $918.16M; Equity: $(728.15)M.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
547.95M |
10.87% |
4.46% |
| Gross Profit |
466.97M |
12.86% |
4.97% |
| Operating Income |
-12.19M |
-7.41% |
-5.18% |
| Net Income |
-126.10M |
-849.06% |
-707.51% |
| EPS |
-0.51 |
-812.34% |
-703.15% |
Key Financial Ratios
operatingProfitMargin
-2.22%
operatingCashFlowPerShare
$0.99
freeCashFlowPerShare
$0.91
Management Commentary
Note: The provided dataset contains no earnings call transcript. Consequently, management quotes and call-by-call insights are not available in this input. The analysis therefore integrates company-reported metrics with product and strategic context to infer potential management priorities, including continued focus on Nutanix Clusters, Prism Pro, Beam, and automation tools, and disciplined cost management to support free cash flow generation.
Transcript not available in the provided data.
— Management
Transcript not available in the provided data.
— Management
Forward Guidance
No explicit forward guidance was provided in the supplied data. Given the strong gross margin and positive cash generation, the near-term focus for Nutanix is likely to be sustaining revenue momentum while narrowing the profitability gap. Key factors to monitor include: (1) revenue growth trajectory and mix shift toward higher-margin platform and subscription offerings; (2) operating expense discipline and potential optimization of non-operating charges; (3) evolution of deferred revenue recognition and renewal rates; (4) balance-sheet resilience through debt management and gross- to net-net cash flow improvements; and (5) progress in product adjacencies (Nutanix Clusters, Frame for remote work, and governance tools) that may enhance ARR and cross-sell opportunities.