Nutanix, Inc.
- Open
- 68.79
- Day high
- 69.65
- Day low
- 67.90
- Prev close
- 69.16
- Volume
- 2.7M
- Mkt cap
- $18.5B
- P/E (TTM)
- 12.3
- EPS (TTM)
- $5.57
- P/B
- 26.4
- P/S
- 6.5
- Yield
- —
- Per share
- —
Nutanix, Inc. (NTNX) is a Technology company listed on NASDAQ. The stock is up 1% over the past year. Drillr has 1 published research article covering NTNX.
Nutanix, Inc. (NTNX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NTNX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 26, 2026 | $0.49 | $0.60 | +23.0% | $757M | +2.5% |
| May 27, 2026 | $0.36 | $0.47 | +31.3% | $703M | +2.0% |
| Feb 25, 2026 | $0.45 | $0.56 | +25.8% | $723M | +4.2% |
| Nov 25, 2025 | $0.41 | $0.41 | -0.7% | $671M | -1.0% |
| Aug 27, 2025 | $0.33 | $0.37 | +13.1% | $653M | +1.7% |
| May 28, 2025 | $0.38 | $0.42 | +9.9% | $639M | +2.3% |
| Feb 26, 2025 | $0.47 | $0.56 | +18.8% | $655M | +1.9% |
| Nov 26, 2024 | $0.31 | $0.42 | +35.5% | $591M | +3.2% |
| Aug 28, 2024 | $0.20 | $0.27 | +33.9% | $548M | +1.5% |
| May 29, 2024 | $0.17 | $0.28 | +67.2% | $525M | +1.5% |
| Feb 28, 2024 | $0.29 | $0.46 | +56.0% | $565M | +2.3% |
| Nov 29, 2023 | $0.17 | $0.29 | +70.6% | $511M | -6.0% |
NTNX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Martin Brianofficer: Chief Legal Officer | Grant | 7,365 | — |
| Aug 26, 2026 | Maner Tarkanofficer: President and CCO | Grant | 9,075 | — |
| Aug 26, 2026 | RAMASWAMI RAJIVdirector, officer: Chief Executive Officer | Grant | 45,372 | — |
| Aug 26, 2026 | Sivaraman Rukminiofficer: Chief Financial Officer | Grant | 15,880 | — |
| Aug 26, 2026 | Martin Brianofficer: Chief Legal Officer | Grant | 15,124 | — |
| Aug 26, 2026 | Maner Tarkanofficer: President and CCO | Grant | 56,476 | — |
| Aug 26, 2026 | Maner Tarkanofficer: President and CCO | Grant | 7,365 | — |
| Aug 26, 2026 | Sivaraman Rukminiofficer: Chief Financial Officer | Grant | 101,660 | — |
| Aug 26, 2026 | Sivaraman Rukminiofficer: Chief Financial Officer | Grant | 13,152 | — |
| Aug 26, 2026 | RAMASWAMI RAJIVdirector, officer: Chief Executive Officer | Grant | 34,194 | — |
| Aug 26, 2026 | RAMASWAMI RAJIVdirector, officer: Chief Executive Officer | Grant | 338,868 | — |
| Jun 17, 2026 | RAMASWAMI RAJIVdirector, officer: Chief Executive Officer | Option | 17,206 | — |
| Jun 17, 2026 | Sivaraman Rukminiofficer: Chief Financial Officer | Option | 3,396 | — |
| Jun 17, 2026 | Maner Tarkanofficer: President and CCO | Option | 1,702 | — |
| Jun 17, 2026 | Sivaraman Rukminiofficer: Chief Financial Officer | Option | 4,761 | — |
Source: NTNX SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full NTNX insider & 13F page →Nutanix, Inc. company profile
Overview
Nutanix, Inc. (NASDAQ:NTNX) is an enterprise cloud platform company founded in 2009 and headquartered in San Jose, California. The company went public in September 2016 and has evolved from a hyper-converged infrastructure provider to a comprehensive hybrid multi-cloud platform company. Nutanix serves customers across various industries including automotive, financial services, healthcare, manufacturing, and the public sector, helping organizations modernize their IT infrastructure and adopt cloud-native technologies.
Business
Nutanix operates in the enterprise cloud infrastructure software market, providing a platform that enables organizations to run applications and manage data across hybrid multi-cloud environments. The company's core offering is the Nutanix Cloud Platform, which converges compute, storage, and networking into a single software-defined solution that can run on-premises, in public clouds, or in hybrid configurations. The platform consists of several key components. Acropolis serves as the foundation, combining virtualization services, enterprise storage, and networking security into a unified system. Acropolis Hypervisor (AHV) is Nutanix's own enterprise-grade virtualization solution that competes with VMware's vSphere. Prism provides centralized management and analytics capabilities, while Prism Pro adds advanced monitoring and capacity planning features. For cloud-native workloads, Nutanix offers Nutanix Karbon for Kubernetes cluster management and the Nutanix Kubernetes Platform (NKP) for container orchestration. The company also provides specialized data services including Nutanix Files for file storage, Nutanix Objects for object storage, and Nutanix Era for database automation. Recent strategic additions include Nutanix Enterprise AI (NAI) and GPT-in-a-Box, which help enterprises deploy generative AI applications on-premises while maintaining data privacy and control. The company also offers Nutanix Cloud Clusters (NC2), which extends the platform to public cloud environments like AWS and Azure. While Nutanix doesn't break down revenue by specific product lines, the business is primarily driven by software subscriptions, with the majority of revenue coming from the core Nutanix Cloud Platform and associated services. Professional services and support represent a smaller portion of total revenue.
Revenue model
Nutanix operates on a subscription-based software licensing model, generating revenue primarily through Annual Contract Value (ACV) agreements with customers. The company has transitioned from a hardware appliance model to a software-only approach, allowing customers to run Nutanix software on their choice of hardware from certified partners including Dell, HPE, Lenovo, and others. The primary revenue streams include software subscriptions for the Nutanix Cloud Platform, which customers typically purchase on multi-year contracts averaging three years in duration. Additional revenue comes from professional services, implementation consulting, and ongoing technical support. The company reports Annual Recurring Revenue (ARR) of $2.06 billion as of Q2 2025, growing at 19% year-over-year. Nutanix's customers are primarily enterprise organizations and mid-market companies seeking to modernize their IT infrastructure. These include Fortune 500 companies, government agencies, and organizations across verticals like healthcare, financial services, and manufacturing. The company also works through channel partners, managed service providers, and OEM relationships to reach smaller customers. Several factors influence Nutanix's profitability and margins. Positive factors include the high-margin nature of software subscriptions, strong customer retention rates above 90%, and the ability to expand within existing accounts through additional product sales. The company benefits from longer sales cycles for larger deals, which typically carry higher margins. Challenging factors include intense competition from VMware (now owned by Broadcom), Microsoft, and cloud providers, which can pressure pricing. Economic downturns can extend sales cycles and reduce IT spending. The company also faces ongoing investments in research and development to stay competitive, particularly in emerging areas like AI and Kubernetes, which can pressure near-term margins.
Competitive moat
Nutanix possesses a moderate competitive moat built primarily around customer switching costs and ecosystem integration, though this moat faces significant challenges from well-funded competitors. The company's strongest defensive position comes from the complexity and mission-critical nature of enterprise infrastructure, which creates high switching costs once customers have deployed Nutanix across their data centers. Organizations typically invest months or years in training staff, integrating applications, and customizing configurations, making migrations to alternative platforms expensive and risky. The company has built meaningful partnerships with hardware vendors like Dell, Cisco, and HPE, creating distribution advantages and making it easier for customers to adopt Nutanix solutions. The platform's ability to run across multiple hardware vendors also provides customers with flexibility that can strengthen vendor relationships. However, Nutanix's moat is under pressure from several directions. VMware, despite being acquired by Broadcom, remains the dominant player in virtualization with deeper enterprise relationships and a more comprehensive product portfolio. Microsoft leverages its ubiquitous Windows and Office presence to cross-sell Azure Stack and other hybrid cloud solutions. Public cloud providers like AWS, Microsoft Azure, and Google Cloud offer compelling alternatives for organizations willing to adopt cloud-native architectures, potentially bypassing traditional infrastructure vendors entirely. The company's position in the emerging AI infrastructure market remains unproven, facing competition from specialized AI platform providers and cloud-native solutions. While Nutanix has launched AI-focused products like GPT-in-a-Box, it's unclear whether enterprises will prefer on-premises AI infrastructure over cloud-based alternatives. The rapid pace of technological change in areas like Kubernetes and AI could erode Nutanix's competitive advantages if the company fails to innovate quickly enough.
Risks & safety
Nutanix demonstrates adequate financial safety with improving cash generation but elevated debt levels and premium valuation metrics. • Liquidity and Solvency: Strong cash position of $1.07 billion with positive free cash flow of $187 million in Q2 2025. Current ratio of 1.77 indicates solid short-term liquidity. However, total liabilities exceed total assets, resulting in negative shareholders' equity. • Debt and Capital Structure: Debt-to-equity ratio of -1.80 reflects the negative equity position, though this is partly due to convertible debt structures. The company has access to additional credit facilities and has demonstrated ability to raise capital. • Valuation Metrics: Trading at elevated multiples with P/E ratio of 81.4 and EV/EBITDA of 55.2, indicating premium valuation expectations. Price-to-book ratio is negative due to negative book value. • Other Considerations: Subscription-based revenue model provides predictable cash flows with 110% net dollar retention rate. Strong gross retention above 90% reduces revenue volatility. Growing free cash flow margins support long-term financial stability despite current premium valuation.
Recent development
Over the past few years, Nutanix has executed several strategic pivots to position itself as a comprehensive hybrid multi-cloud platform provider. The company has moved aggressively into the artificial intelligence market with the launch of GPT-in-a-Box and Nutanix Enterprise AI (NAI), targeting enterprises that want to deploy generative AI applications on-premises while maintaining data privacy and control. Partnership expansion has been a key focus, with Nutanix strengthening relationships with major hardware vendors. The company announced a global strategic partnership with Cisco and expanded its collaboration with Dell to include integrated hyper-converged solutions and support for AHV hypervisor with Dell PowerFlex storage. These partnerships provide broader market reach and easier customer adoption paths. The company has also capitalized on market disruption from Broadcom's acquisition of VMware, seeing increased customer engagement and 50% year-over-year growth in new logo acquisitions for two consecutive quarters. Nutanix has positioned itself as an alternative for organizations looking to reduce dependence on VMware, though management acknowledges this remains a multi-year opportunity with unpredictable timing. Product innovation has centered around cloud-native technologies, with launches including the Nutanix Kubernetes Platform (NKP) and Nutanix Data Services for Kubernetes (NDK). The company has also enhanced its Nutanix Cloud Clusters (NC2) offering, which extends the platform to public cloud environments, and strengthened its ransomware protection capabilities. From a go-to-market perspective, Nutanix has increased investment in sales and marketing, particularly targeting larger enterprise accounts and the Global 2000. The company has focused on channel partner programs and specialized technical sales teams to better serve different customer segments and accelerate adoption of newer products like AI and Kubernetes platforms.
NTNX company profile · for informational purposes only — not investment advice.
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