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

Nutanix (NTNX) reported Cost of Revenue of $92.3 million for Q2 2026, down 64.56% year-over-year from $260.4 million in Q2 2025, and up 1.1% quarter-over-quarter from $91.3 million in Q1 2026.

Nutanix (NTNX) Cost of Revenue (2015 - 2026) Analysis & Trends

Nutanix (NTNX) has 12 years of Cost of Revenue data on file, last reported at $92.3 million in Q2 2026.

  • Cost of Revenue for Q2 2026 came in at $92.3 million, down 64.56% year-over-year; the trailing twelve-month figure through Apr 2026 was $28.4 million (down 92.56% YoY), and the FY2025 annual result was $334.8 million, up 3.29% from the prior year.
  • Cost of Revenue grew to $92.3 million in Q2 2026 per NTNX's latest filing, from $91.3 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $737.8 million in Q3 2022 and troughed at -$440.4 million in Q3 2025.
  • A 5-year average of $156.8 million and a median of $235.0 million in 2022 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 240.68% in 2022, then plunged 271.65% in 2024.
  • 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 plunged by 67.65% to $92.3 million in 2026.
  • Business Quant data shows NTNX's Cost of Revenue at $92.3 million in Q2 2026, $91.3 million in Q1 2026, and $285.2 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,957.81 Bn 2,879.54 Bn 56.06 Bn 6.81 Bn
2 Alarum Technologies 1,062.12 Bn 1,047.96 Bn 7.23 Mn 4.48 Mn
3 Oracle 576.96 Bn 538.38 Bn 15.14 Bn 2.05 Bn
4 Palantir Technologies 312.40 Bn 304.48 Bn 1.42 Bn 215.80 Mn
5 Palo Alto Networks 182.37 Bn 177.84 Bn 1.91 Bn 823.00 Mn
6 CrowdStrike Holdings 162.52 Bn 159.46 Bn 993.68 Mn 463.58 Mn
7 Fortinet 102.63 Bn 99.33 Bn 1.49 Bn 636.30 Mn
8 Synopsys 87.41 Bn 87.29 Bn 1.77 Bn 396.38 Mn
9 Cloudflare 77.39 Bn 76.44 Bn 455.60 Mn 184.16 Mn
10 Nutanix 13.19 Mn -2.00 Bn 610.79 Mn 92.28 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 92.28 Mn
Apr 30, 2026 92.28 Mn
Jan 31, 2026 91.27 Mn
Jan 31, 2026 91.27 Mn
Oct 31, 2025 285.23 Mn
Oct 31, 2025 285.23 Mn
Jul 31, 2025 -440.40 Mn
Jul 31, 2025 -440.40 Mn
Apr 30, 2025 260.40 Mn
Apr 30, 2025 260.40 Mn
Jan 31, 2025 261.38 Mn
Jan 31, 2025 261.38 Mn
Oct 31, 2024 253.40 Mn
Oct 31, 2024 253.40 Mn
Jul 31, 2024 -393.81 Mn
Jul 31, 2024 -393.81 Mn
Apr 30, 2024 245.90 Mn
Apr 30, 2024 245.90 Mn
Jan 31, 2024 81.56 Mn
Jan 31, 2024 81.56 Mn