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Nutanix (NTNX) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 3, 2025
Nutanix (NTNX) reported revenue of $639M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -2% from the quarter before. Operating margin was 7.6%, net earnings $63.4M (9.9% of revenue).
Nutanix, Q3 FY25: revenue $639M (+22% year over year), operating margin 7.6%, net earnings $63.4M, operating cash flow $219M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $639M | -2% | +22% |
| Gross profit | $556M | -2% | +25% |
| Operating profit | $48.6M | -26% | — |
| Net earnings | $63.4M | +12% | — |
| Operating cash flow | $219M | -1% | +127% |
| Free cash flow | $203M | +9% | +160% |
What changed
Revenue was $639.0M in Q3 FY25, up 22% year over year and down 2% from the previous quarter. Subscriptionand Circulation Software Termbased Licenses was the largest line at 52% of revenue. Subscriptionand Circulation Software Termbased Licenses added $98.2M year over year (up 42%), 86% of the total change. Software declined 95%.
Gross margin was 87.0%, up 2.2 points from a year earlier. Operating profit was $48.6M, a 7.6% margin (up 9.8 points year over year). Operating expenses grew 11% against revenue growth of 22%. The fastest-growing cost line was General & admin (+18%). Net earnings were $63.4M. The effective tax rate was 1.9%. Non-operating items added $16.0M, 25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $218.5M (up 127% year over year), 345% of net earnings. Non-cash charges added back $18.0M of depreciation and amortization and $84.2M of share-based compensation. Working capital and other items added $52.9M. Capital expenditures of $15.1M left free cash flow of $203.4M.
Questions
What was Nutanix's revenue in the third quarter fiscal 2025?
Nutanix (NTNX) reported revenue of $639M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -2% from the quarter before.
Was Nutanix profitable in the third quarter fiscal 2025?
Operating profit was $48.6M (7.6% of revenue) and net earnings $63.4M.
Source: Nutanix 10-Q on SEC EDGAR.