Pure Storage delivered a solid QQ4 2025 performance, with revenue of $879.8 million, up 15.2% year over year, and a continuing high gross margin of 67.5%. Operationally, the company generated $42.5 million in operating income and $42.4 million in net income, translating to an EPS of $0.13 for the quarter. The company’s cash flow profile remained exceptionally strong, with $208.0 million of cash flow from operations and $151.9 million in free cash flow, supported by a substantial cash and short-term investment position (~$1.52 billion) and a net cash balance (net debt negative) of approximately $442.8 million. Deferred revenue stood at $953.8 million, signaling durable revenue visibility from software and services offerings, including Evergreen Storage, Purity software, and Cloud/NAS capabilities. Management commentary continues to emphasize software-led growth, AI-ready infrastructure (AIRI), and multi-cloud data services as key growth pillars, while maintaining disciplined cost control as R&D remains a meaningful expense to sustain product leadership.