Pure Storage Q3 revenue rises 9% to $831.1 million, but GAAP profit declines
Pure Storage reported third-quarter fiscal 2025 results for the quarter ended November 3, 2024, with revenue up 9% year over year to $831.1 million and subscription services revenue up 22%. GAAP net income fell to $63.6 million, or $0.19 per diluted share, from $70.4 million, or $0.21, a year earlier, and the company gave fiscal 2025 revenue guidance of $3.15 billion.
Key points
- Revenue of $831.1 million, up 9% year over year; subscription services revenue of $376.4 million, up 22%.
- GAAP net income of $63.6 million, or $0.19 per diluted share, versus $70.4 million, or $0.21, in the third quarter of fiscal 2024.
- Fourth-quarter fiscal 2025 revenue guidance of $867 million; full-year fiscal 2025 revenue guidance of $3.15 billion and non-GAAP operating income of $540 million.
- Returned about $182 million to stockholders in the quarter through repurchases of 3.6 million shares.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits 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 December 03, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.