Everpure, Inc.

CIK:0001474432|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 02, 2026	Aug. 03, 2025	Aug. 02, 2026	Aug. 03, 2025
Total revenue	$ 1,185,898	$ 861,002	$ 2,238,794	$ 1,639,487
Total cost of revenue	374,510	256,666	704,074	498,998
Gross profit	811,388	604,336	1,534,720	1,140,489
Operating expenses:
Research and development	293,749	242,026	552,841	463,766
Sales and marketing	346,077	285,890	693,933	564,402
General and administrative	108,407	71,549	204,852	138,621
Total operating expenses	748,233	599,465	1,451,626	1,166,789
Income (loss) from operations	63,155	4,871	83,094	(26,300)
Other income (expense), net	9,006	45,700	22,937	77,355
Income before provision (benefit) for income taxes	72,161	50,571	106,031	51,055
Provision (benefit) for income taxes	(1,988)	3,453	7,804	17,932
Net income	$ 74,149	$ 47,118	$ 98,227	$ 33,123
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.22	$ 0.14	$ 0.30	$ 0.10
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.21	$ 0.14	$ 0.28	$ 0.10
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	332,942	327,594	332,047	327,066
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	345,587	337,734	344,811	337,306
Product
Total revenue	$ 686,773	$ 446,303	$ 1,263,317	$ 818,447
Total cost of revenue	238,223	150,296	442,767	291,346
Subscription services
Total revenue	499,125	414,699	975,477	821,040
Total cost of revenue	$ 136,287	$ 106,370	$ 261,307	$ 207,652

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 02, 2026	Aug. 03, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 98,227	$ 33,123
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	81,777	69,697
Stock-based compensation expense	281,879	213,668
Unrealized gain on equity security	0	(30,401)
Other	4,349	7,027
Changes in operating assets and liabilities, net of effects of acquisition:
Accounts receivable, net	(79,318)	150,381
Inventory	(36,563)	(12,268)
Deferred commissions	(27,325)	(11,395)
Prepaid expenses and other assets	(694,305)	(33,401)
Operating lease right-of-use assets	21,581	19,958
Accounts payable	156,591	(3,146)
Accrued compensation and other liabilities	(33,541)	602
Operating lease liabilities	(22,683)	(23,513)
Deferred revenue	293,147	115,761
Net cash provided by operating activities	43,816	496,093
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(169,668)	(134,373)
Acquisition, net of cash acquired	(125,308)	0
Purchase of strategic investment	(1,000)	0
Purchases of marketable securities and other	(267,490)	(256,128)
Sales of marketable securities	193,481	270,987
Maturities of marketable securities	139,448	137,507
Net cash provided by (used in) investing activities	(230,537)	17,993
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options	15,169	13,458
Proceeds from issuance of common stock under employee stock purchase plan	30,001	27,240
Payments of financing costs for revolving credit facility	0	(2,080)
Principal payments on borrowings and finance lease obligations	(612)	(101,125)
Tax withholding on vesting of equity awards	(173,296)	(117,461)
Repurchases of common stock	(153,084)	(162,178)
Net cash used in financing activities	(281,822)	(342,146)
Net increase (decrease) in cash, cash equivalents and restricted cash	(468,543)	171,940
Cash, cash equivalents and restricted cash, beginning of period	864,979	737,750
Cash, cash equivalents and restricted cash, end of period	396,436	909,690
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
Cash and cash equivalents	385,694	887,849
Restricted cash	10,742	21,841
Cash, cash equivalents and restricted cash, end of period	396,436	909,690
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	0	2,122
Cash paid for income taxes, net of refunds	10,476	21,141
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION
Property and equipment purchased but not yet paid	$ 39,356	$ 19,129

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 02, 2026	Feb. 01, 2026
Current assets:
Cash and cash equivalents	$ 385,694	$ 854,873
Marketable securities	622,197	692,446
Accounts receivable, net of allowance of $203 and $204	1,027,665	944,844
Inventory	106,300	75,935
Deferred commissions, current	150,472	139,379
Prepaid expenses and other current assets	1,025,645	356,015
Total current assets	3,317,973	3,063,492
Property and equipment, net	687,950	587,022
Operating lease right-of-use assets	196,341	185,975
Deferred commissions, non-current	296,422	280,190
Intangible assets, net	23,338	7,346
Goodwill	466,313	365,075
Restricted cash	8,214	7,687
Other assets, non-current	223,858	177,472
Total assets	5,220,409	4,674,259
Current liabilities:
Accounts payable	329,848	153,312
Accrued compensation and benefits	300,060	347,205
Accrued expenses and other liabilities	192,577	184,338
Operating lease liabilities, current	50,273	44,080
Deferred revenue, current	1,323,750	1,181,055
Total current liabilities	2,196,508	1,909,990
Operating lease liabilities, non-current	175,034	172,063
Deferred revenue, non-current	1,197,521	1,046,442
Other liabilities, non-current	110,508	100,096
Total liabilities	3,679,571	3,228,591
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock, par value of $0.0001 per share— 20,000 shares authorized; no shares issued and outstanding	0	0
Class A and Class B common stock, par value of $0.0001 per share— 2,250,000 (Class A 2,000,000, Class B 250,000) shares authorized; 330,353 and 333,324 Class A shares issued and outstanding	33	33
Additional paid-in capital	2,627,961	2,624,757
Accumulated other comprehensive income (loss)	(4,552)	1,709
Accumulated deficit	(1,082,604)	(1,180,831)
Total stockholders’ equity	1,540,838	1,445,668
Total liabilities and stockholders’ equity	$ 5,220,409	$ 4,674,259