MARKET COMPOSITE
PSTG - Pure Storage Inc8:00:48 PM 3/27/2024
Price
$52.55
+ 0.38 (0.73%)
Pure Storage is a public company headquartered in Mountain View, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its products in stealth mode until 2011. Afterwards, the company grew in revenues by about 50% per quarter and raised more than $470 million in venture capital funding, before going public in 2015. Initially, Pure Storage developed the software for storage controllers and used generic flash storage hardware. Pure Storage finished developing its own proprietary flash storage hardware in 2015. Pure Storage was founded in 2009 under the code name Os76 Inc. by John Colgrove and John Hayes. Initially, the company was setup within the offices of Sutter Hill Ventures, a venture capital firm, and funded with $5 million in early investments. Pure Storage raised another $20 million in venture capital in a series B funding round.
Financials
Quarterly financials
(USD)Nov 2022Q/Q
Revenue676MM+5%
Gross Profit466.3MM+5%
Cost Of Revenue209.7MM+3%
Operating Income9.1MM-36%
Operating Expenses457.2MM+7%
Net Income-787K-107%
R&D180MM+9%
G&A65.1MM+15%
Marketing212.1MM+3%
Amortization4.1MM-
Interest Expense1.1MM+12%
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