Everpure said U.S. revenue in Q1 of fiscal 2026 grew 9% from $489.0 million to $530.7 million, while rest of the world revenue grew 21% from $204.5 million to $247.8 million in Q1 of fiscal 2025.

10-QQuarterly reportFiled Jun 11, 2025Period of report May 4, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Everpure said U.S. revenue in Q1 of fiscal 2026 grew 9% from $489.0 million to $530.7 million, while rest of the world revenue grew 21% from $204.5 million to $247.8 million in Q1 of fiscal 2025.
The company said year-over-year growth in Subscription ARR declined to 18% at the end of Q1 of fiscal 2026 from 25% at the end of Q1 of fiscal 2025. Total RPO was $2.7 billion, and the company said it expects to recognize approximately 48% of this over the next 12 months.
Everpure cited increased sales of FlashBlade//E and FlashArray//E solutions and higher QLC component costs as factors in the decrease in product gross margin in Q1 of fiscal 2026, and said subscription services gross margin increased.
The company said it repurchased and retired approximately 2.5 million shares at an average price of $48.10 per share for an aggregate repurchase price of $119.9 million in Q1 of fiscal 2026, with approximately $151.6 million remaining available for future repurchases at the end of the quarter. It also said that in June 2025, it entered into a 5-year senior unsecured revolving credit facility of $500.0 million, and its existing credit facility was terminated with outstanding borrowings of $100.0 million repaid.

Key figures

Quarter ended May 4, 2025

Revenue: $778M
Operating income: −$31M
Net income: −$14M
EPS: −$0.04
Gross profit: $536M
Operating cash flow: $284M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

U.S. and rest of world revenue growth

Everpure said U.S. revenue in Q1 of fiscal 2026 grew 9% from $489.0 million to $530.7 million, while rest of the world revenue grew 21% from $204.5 million to $247.8 million in Q1 of fiscal 2025.

Source · Based on the MD&A text of the filing

Subscription ARR growth rate and RPO

The company said year-over-year growth in Subscription ARR declined to 18% at the end of Q1 of fiscal 2026 from 25% at the end of Q1 of fiscal 2025. Total RPO was $2.7 billion, and the company said it expects to recognize approximately 48% of this over the next 12 months.

Source · Based on the MD&A text of the filing

Product gross margin decline and company explanation

Everpure cited increased sales of FlashBlade//E and FlashArray//E solutions and higher QLC component costs as factors in the decrease in product gross margin in Q1 of fiscal 2026, and said subscription services gross margin increased.

Source · Based on the MD&A text of the filing

Share repurchases and new credit facility

The company said it repurchased and retired approximately 2.5 million shares at an average price of $48.10 per share for an aggregate repurchase price of $119.9 million in Q1 of fiscal 2026, with approximately $151.6 million remaining available for future repurchases at the end of the quarter. It also said that in June 2025, it entered into a 5-year senior unsecured revolving credit facility of $500.0 million, and its existing credit facility was terminated with outstanding borrowings of $100.0 million repaid.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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