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| Date | Value |
|---|---|
| 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 |