Nutanix (NTNX) Cost of Revenue (2015 - 2026)

Nutanix has disclosed Cost of Revenue across 12 years of filings, most recently posting $92.3 million for Q2 2026.

• In Q2 2026, Cost of Revenue fell 64.56% year-over-year to $92.3 million; the TTM figure through Apr 2026 stood at $28.4 million (down 92.56% YoY), while the FY2025 annual figure was $334.8 million, up 3.29% from the prior year.
• Cost of Revenue climbed to $92.3 million in Q2 2026, from $91.3 million in the prior quarter.
• Over the last five years, Cost of Revenue for NTNX reached as high as $737.8 million in Q3 2022 and fell as low as -$440.4 million in Q3 2025.
• The 5-year median for Cost of Revenue is $235.0 million (2022), against an average of $156.8 million.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 240.68% — and 2024, when it slumped 271.65%.
• A 5-year view of Cost of Revenue shows it stood at $236.2 million in 2022, then dropped by 0.38% to $235.3 million in 2023, then increased by 7.68% to $253.4 million in 2024, then grew by 12.56% to $285.2 million in 2025, then slumped by 67.65% to $92.3 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $92.3 million, $91.3 million, and $285.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.