Pure Storage Q1 revenue rises 18% to $693.5 million; net loss narrows to $35.0 million
Pure Storage reported first-quarter fiscal 2025 results for the quarter ended May 5, 2024, with revenue of $693.5 million, up 18% year-over-year, and a GAAP net loss of $35.0 million, down from $67.4 million a year earlier. The company also gave guidance for the second quarter and full fiscal 2025, forecasting full-year revenue of $3.1 billion, which shareholders can compare against future results.
Key points
- Revenue $693.5 million, up 18% year-over-year; subscription services revenue $346.1 million, up 23%
- GAAP net loss $35.0 million, or $0.11 per share, versus $67.4 million, or $0.22 per share, a year earlier
- GAAP operating loss $41.8 million, including $15.9 million in restructuring and impairment charges; non-GAAP operating income $100.4 million, a 14.5% margin
- Guidance: Q2 fiscal 2025 revenue $755 million; fiscal 2025 revenue $3.1 billion and non-GAAP operating income $532 million
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 29, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.