Apr 30

Nutanix Q3 2025 Earnings Report

Nutanix reported strong performance, exceeding expectations in Q3 2025.

Key Takeaways

Nutanix delivered a robust quarter with significant revenue growth and a strong shift to profitability, supported by high ARR and strong free cash flow.

Revenue grew 22% year-over-year to $639 million.

Net income reached $63.36 million compared to a loss of $15.6 million last year.

ARR increased 18% year-over-year to $2.14 billion.

Free cash flow more than doubled to $203.4 million.

Total Revenue
$639M
Previous year: $525M
+21.8%
EPS
$0.42
Previous year: $0.28
+50.0%
Annual Recurring Revenue
$2.14B
Previous year: $1.82B
+17.7%
Gross Profit
$556M
Previous year: $445M
+25.0%
Cash and Equivalents
$873M
Previous year: $598M
+45.9%
Free Cash Flow
$203M
Previous year: $78.3M
+159.7%
Total Assets
$3.1B
Previous year: $2.77B
+11.6%

Nutanix

Nutanix

Nutanix Revenue by Segment

Forward Guidance

Nutanix expects Q4 revenue between $635M and $645M with a continued focus on profitability.

Positive Outlook

  • Revenue forecasted up to $645 million for Q4.
  • Non-GAAP operating margin guidance up to 16.5%.
  • Full year revenue forecast of up to $2.53 billion.
  • Strong free cash flow forecast up to $730 million for FY25.
  • Continued momentum from AI and hybrid multicloud solutions.

Challenges Ahead

  • Macroeconomic uncertainty could impact demand.
  • Customer delays in large deal signings may affect timing of revenue.
  • Ongoing competitive pressure in hybrid cloud market.
  • Execution risk tied to new solution rollouts.
  • Slight deceleration in deferred revenue growth.

Revenue & Expenses

Visualization of income flow from segment revenue to net income