Nutanix (NTNX) Cost of Revenue (2015 - 2026)
Nutanix's (NTNX) quarterly Cost of Revenue came in at $92.3 million in Q2 2026, up 11.19% year-over-year from $83.0 million in Q2 2025, and up 1.1% quarter-over-quarter from $91.3 million in Q1 2026.
Analysis
Nutanix (NTNX) Cost of Revenue (2015 - 2026) Analysis & Trends
Nutanix (NTNX) has reported Cost of Revenue for 12 consecutive years, with $92.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 11.19% year-over-year to $92.3 million in Q2 2026; TTM through Apr 2026 was $354.9 million, a 6.91% increase from a year earlier, with the FY2025 full-year figure at $334.8 million, up 3.29% from the prior year.
- Cost of Revenue was $92.3 million for Q2 2026 at Nutanix, up from $91.3 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $92.3 million in Q2 2026 and troughed at $79.6 million in Q2 2024.
- A 5-year average of $83.4 million and a median of $82.5 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue rose 12.71% in 2022 and fell 6.05% in 2024, its largest moves.
- Over 5 years, Cost of Revenue stood at $82.5 million in 2022, then dropped by 0.65% to $82.0 million in 2023, then gained by 0.87% to $82.7 million in 2024, then grew by 5.81% to $87.5 million in 2025, then climbed by 5.5% to $92.3 million in 2026.
- The last three Cost of Revenue figures came in at $92.3 million (Q2 2026), $91.3 million (Q1 2026), and $87.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 29.53 Bn |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 7.26 Bn |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 133.60 Mn |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | 879.00 Mn |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 92.28 Mn |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 126.52 Mn |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | 384.04 Mn |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | 761,755.00 |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | 49.89 Mn |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 92.28 Mn |
| Jan 31, 2026 | 91.27 Mn |
| Oct 31, 2025 | 87.47 Mn |
| Jul 31, 2025 | 83.83 Mn |
| Apr 30, 2025 | 82.99 Mn |
| Jan 31, 2025 | 85.29 Mn |
| Oct 31, 2024 | 82.67 Mn |
| Jul 31, 2024 | 80.98 Mn |
| Apr 30, 2024 | 79.62 Mn |
| Jan 31, 2024 | 81.56 Mn |
| Oct 31, 2023 | 81.96 Mn |
| Jul 31, 2023 | 80.46 Mn |
| Apr 30, 2023 | 82.43 Mn |
| Jan 31, 2023 | 86.81 Mn |
| Oct 31, 2022 | 82.50 Mn |
| Jul 31, 2022 | 79.89 Mn |
| Apr 30, 2022 | 79.85 Mn |
| Jan 31, 2022 | 79.97 Mn |
| Oct 31, 2021 | 81.45 Mn |
| Jul 31, 2021 | 78.52 Mn |