Nutanix Files 2024 Annual Report

TL;DR

Nutanix 10-K is in: FY24 financials and biz details out.

AI Summary

Nutanix, Inc. filed its 10-K for the fiscal year ending July 31, 2024, detailing its financial performance and business operations. The company, headquartered in San Jose, CA, operates in the prepackaged software industry. Key financial data and operational aspects are disclosed in this comprehensive annual report.

Why It Matters

This filing provides investors and stakeholders with a detailed overview of Nutanix's financial health, strategic direction, and potential risks for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing contains standard disclosures for a public company, including financial statements, risk factors, and legal proceedings, which are typical for a medium-risk profile.

Key Numbers

• FY 2024 — Fiscal Year (The period covered by the 10-K filing.)
• 0731 — Fiscal Year End (Indicates the end of the fiscal year for reporting purposes.)

Key Players & Entities

• Nutanix, Inc. (company) — Filer of the 10-K report
• 2024-07-31 (date) — Fiscal year end date for the report
• San Jose, CA (location) — Company headquarters location
• 408-216-8360 (phone_number) — Company business phone number
• 001-37883 (other) — SEC file number for Nutanix, Inc.

FAQ

Key Financial Figures

• $0.000025 — hich registered Class A Common Stock, $0.000025 par value per share NTNX Nasdaq Glo

Filing Documents

• ntnx-20240731.htm (10-K) — 4547KB
• ntnx-ex10_11.htm (EX-10.11) — 138KB
• ntnx-ex10_21.htm (EX-10.21) — 70KB
• ntnx-ex10_22.htm (EX-10.22) — 29KB
• ntnx-ex19_1.htm (EX-19.1) — 155KB
• ntnx-ex21_1.htm (EX-21.1) — 6KB
• ntnx-ex23_1.htm (EX-23.1) — 4KB
• ntnx-ex31_1.htm (EX-31.1) — 20KB
• ntnx-ex31_2.htm (EX-31.2) — 20KB
• ntnx-ex32_1.htm (EX-32.1) — 9KB
• ntnx-ex32_2.htm (EX-32.2) — 9KB
• ntnx-ex97_1.htm (EX-97.1) — 43KB
• img49327810_0.jpg (GRAPHIC) — 32KB
• 0000950170-24-108159.txt ( ) — 17983KB
• ntnx-20240731.xsd (EX-101.SCH) — 2130KB
• ntnx-20240731_htm.xml (XML) — 3541KB

Business

Item 1. Business 1

Risk Factors

Item 1A. Risk Factors 11

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 55

Cybersecurity

Item 1C. Cybersecurity 55

Properties

Item 2. Properties 57

Legal Proceedings

Item 3. Legal Proceedings 57

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 57 PART II 58

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 58

[Reserved]

Item 6. [Reserved] 61

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 62

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 86

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 87

Change in and Disagreements with Accountants on Accounting Financial Disclosure

Item 9. Change in and Disagreements with Accountants on Accounting Financial Disclosure 131

Controls and Procedures

Item 9A. Controls and Procedures 131

Other Information

Item 9B. Other Information 135

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 135 PART III 136

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 136

Executive Compensation

Item 11. Executive Compensation 136

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 136

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 136

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 136 PART IV 137

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 137

Form 10-K Summary

Item 16. Form 10-K Summary 137 Exhibit Index 138

Signatures

Signatures 143 i Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains express and implied forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements involve substantial risks and uncertainties. Other than statements of historical fact, all statements contained in this Annual Report on Form 10-K including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "plan," "intend," "could," "would," "expect," or words or expressions of similar substance or the negative thereof, that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward-looking statements included in this Annual Report on Form 10-K include, but are not limited to, statements regarding: our investment in developing our platform with new features, services and solutions to expand our market opportunity in both core and adjacent markets; our investment in our long-term growth, including dedicating significant resources to our continued research and development efforts and growing our global research and development and engineering teams; our intent to grow our base of end customers by investing in sales and marketing, leveraging our network of channel partners and original equipment manufacturers ("OEMs"), growing our business internationally, and extending our platform to address new customer segments; our intent to grow our sales with our channel partners and OEMs by attracting and engaging new channel and OEM partners around the globe; our expectations regarding the competitive market, includi

Business

ITEM 1. Business Overview Nutanix, Inc. ("we," "us," "our," or "Nutanix") is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. Our vision is to make hybrid multicloud deployments simple and free customers to focus on achieving their business outcomes. Our mission is to delight customers with an open hybrid multicloud platform with rich data services to run and manage any application, anywhere. Our Nutanix Cloud Platform is designed to enable organizations to build a hybrid multicloud infrastructure, providing a consistent cloud operating model with a single platform for running applications and managing data in core data centers, at the edge, and in public clouds, all while supporting a variety of hypervisors and container platforms. Nutanix Cloud Platform supports a wide variety of workloads with varied compute, storage, and network requirements, including business-critical applications, data platforms (including SQL and NoSQL databases and business intelligence applications), general-purpose workloads (including system infrastructure, networking, and security), end-user computing and virtual desktop infrastructure services, enterprise artificial intelligence ("AI") workloads (including machine learning ("ML") and generative AI workloads), and cloud native applications (including modern, containerized applications). We originally pioneered hyperconverged infrastructure ("HCI") to break down legacy silos by merging compute, storage and networking into a single, easy-to-use, software-defined data center platform. We continued to innovate and developed Nutanix AHV, our native hypervisor that offers enterprise-grade virtualization and built-in Kubernetes support. To provide our customers with more choice, we further engineered our software solutions to run on a variety of server platforms, decoupling our software from Nutanix-branded hardware appliances and powering a variety of on-

View Full Filing

View this 10-K filing on SEC EDGAR