Everpure IncPSTG
NYSE•Technology•Computer Hardware
Everpure, Inc. provides data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, such as block, file, and object. The company also provides FlashArray, including FlashArray//ST, FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S, FlashBlade//E, and FlashBlade//EXA for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud storage solutions, such as Portworx by Everpure, a cloud-native Kubernetes data management solution; and Evergreen/One; and Evergreen/Flex. Further, the company provides Everpure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Everpure Cloud, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It sells its products and subscription services through a direct sales force and channel partners. Everpure, Inc. has a strategic alliance with Odine Solutions Teknoloji Ticaret ve Sanayi A.S. The company was formerly known as Pure Storage, Inc. and changed its name to Everpure, Inc. in February 2026. Everpure, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.
Everpure, Inc. (PSTG) reported trailing twelve months revenue of $3.94B as of May 2026, a 21.0% increase year-over-year. Quarterly revenue reached $1.05B, reflecting continued top-line momentum.
Everpure, Inc. generated $226.25M in TTM net income, with quarterly EBITDA of $58.74M. The operating margin expanded from -4.0% to 1.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (1.9%) and net margin (2.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -1.8% a year ago, signaling stronger bottom-line efficiency.
PSTG trades at a P/E of 104.8x (a premium multiple) and a P/S of 6.0x. The price-to-book ratio of 16.4x indicates a significant premium over book value.
The company generated $111.75M in free cash flow over the trailing twelve months, a 47.2% decrease year-over-year, indicating cash generation ability. The balance sheet shows $4.75B in total assets with no in long-term debt against $1.44B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 3.4%. The business may lack pricing power or face rising costs.'
ROE is positive at ~10.7% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~30.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF covers net income by 0.6x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation