Nutanix, Inc. (NTNX) Stock

Nutanix, Inc. (NTNX) is a Technology stock trading at $66.34 (as of 2026-08-20), with a market capitalization of $17.93B and a trailing P/E of 59.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution. It also offers Prism Pro; Nutanix Beam, a cloud governance; and Nutanix Calm, an application marketplace, which provides automation services that streamline application lifecycle management and deliver powerful hybrid cloud orchestration. In addition, the company provides Nutanix Files, an enterprise-grade NFS and SMB files services; Nutanix Objects, a S3-compatible object services; Nutanix Era, a database automation and database-as-a-service solution; and Nutanix Frame, a desktop-as-a-service product to deliver virtual apps or desktops to users from multiple public cloud environments and/or an enterprises private cloud datacenter. Further, it offers products support, and consulting and implementation services. It serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications, as well as service providers. The company was incorporated in 2009 and is headquartered in San Jose, California.

Understand Nutanix, Inc.: how it makes money

Nutanix provides an enterprise cloud platform, including Acropolis virtualization, enterprise storage and networking visualization and security, plus tools like Karbon for Kubernetes deployment and management. It makes money from product sales (Product Revenue) and from Support, Maintenance and Other Services Revenue tied to its installed base.

The profit model is driven by recurring, customer-expansion dynamics, with Annual Recurring Revenue (2.44 USD_B) and a Net Dollar Retention Rate of 106.0 percent indicating existing customers are expanding rather than only renewing.

Revenue by segment (latest quarter)
Product$0.3B
Support, maint, other$0.3B

Business quality (Weak): Strong gross profitability (86.9 percent gross margin) and recurring engagement signals (Annual Recurring Revenue, Net Dollar Retention above 100 percent), with a more moderate operating margin (10.0 percent) to watch.

Valuation: Trades at 52× trailing earnings · $13B market cap.

Bull case

  • Recurring revenue base: Annual Recurring Revenue is reported at 2.44 USD_B, suggesting ongoing monetization tied to customers and deployments.
  • Customer expansion signal: Net Dollar Retention Rate is 106.0 percent, indicating growth from existing customers.
  • High gross margin: Gross margin is 86.9 percent for the latest period (2026-04-30).

Bear case

  • Operating margin is not as high as gross margin: Operating margin is 10.0 percent, so costs and execution matter for translating gross profit into earnings.
  • Dependence on retention and renewals: Because Net Dollar Retention Rate is a key operating signal and Annual Recurring Revenue is central to the model, any deterioration in customer expansion or renewals would likely pressure performance.
  • Business mix shift risk: Product Revenue (0.35 USD_B) and Support, Maintenance and Other Services Revenue (0.32 USD_B) both matter, so changes in mix or demand between products and services could affect results.
Valuation — source: SEC EDGAR (first-party)
Price$66.34
Market Cap$17.93B
P/E Ratio59.7
EV / EBITDA41.4
Price / Sales6.56
FCF Yield9.2%
DCF Value (model)$70.31
DCF Upside vs Price6.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.54B
Net Margin7.4%
Revenue Growth (YoY)10.0%
EPS Growth (YoY)12.5%
FCF Growth (YoY)3.8%
Financial Health — source: SEC EDGAR
Altman Z-Score1.98 (grey)
Valuation vs Sector & Industry
Stock P/E59.7
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector75.8%
vs Industry99.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($1.51B)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorTechnology
IndustryBusiness Services
CEORajiv Ramaswami
Employees7,150
CountryUS
IPO Date2016-09-30

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NTNX earnings history · NTNX institutional & insider holders · NTNX KPIs & operating metrics · NTNX financials · NTNX investor presentations & press releases · NTNX SEC filings · NTNX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.