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Form 8-K

sec.gov

8-K — Everpure, Inc.

Accession: 0001474432-26-000046

Filed: 2026-05-27

Period: 2026-05-27

CIK: 0001474432

SIC: 3572 (COMPUTER STORAGE DEVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — pstg-20260527.htm (Primary)

EX-99.1 (pstg-ex991q1fy2027xpressre.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: pstg-20260527.htm · Sequence: 1

pstg-20260527

0001474432false00014744322026-05-272026-05-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 27, 2026

_____________________________________

Everpure, Inc.

(Exact name of Registrant as Specified in Its Charter)

_____________________________________

Delaware   001-37570   27-1069557

(State or Other Jurisdiction

of Incorporation)   (Commission

File Number)   (IRS Employer Identification No.)

2555 Augustine Dr.

Santa Clara, California 95054

(Address of Principal Executive Offices and Zip Code)

(800) 379-7873

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

___________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading symbol(s)   Name of each exchange on which registered

Class A Common Stock, $0.0001 par value per share   P   New York Stock Exchange LLC

________________________________________

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On May 27, 2026, Everpure, Inc. (“Everpure”) issued a press release and will hold a conference call regarding its financial results for the quarter ended May 3, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.

This information, including the exhibit(s) hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Everpure is making reference to non-GAAP financial information in the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release. These non-GAAP financial measures are reported in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is furnished herewith:

Exhibit No.    Description

99.1

Press Release entitled “Everpure Announces First Quarter Fiscal 2027 Financial Results”

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Everpure, Inc.

(Registrant)

Date:

May 27, 2026 By:

/s/ Tarek Robbiati

Tarek Robbiati

Chief Financial Officer

EX-99.1

EX-99.1

Filename: pstg-ex991q1fy2027xpressre.htm · Sequence: 2

Document

Exhibit 99.1

Everpure Announces First Quarter Fiscal 2027 Financial Results

Total revenue growth of 35% year-over-year

Product revenue growth of 55% year-over-year

Increased FY27 revenue and operating profit guidance

SANTA CLARA, Calif. — May 27, 2026 — Everpure (NYSE: P), the company revolutionizing storage and data management, today announced financial results for its first quarter fiscal year 2027 ended May 3, 2026.

“Q1 was another outstanding quarter, reflecting the deepening trust customers place in Everpure to unlock their most valuable asset—their data,” said Charles Giancarlo, Chairman and CEO of Everpure. “As we expand our Enterprise Data Cloud vision with the integration of 1touch, we are uniquely positioned to help enterprises eliminate infrastructure friction and activate their data for the AI era.”

First Quarter Financial Highlights

•Revenue $1.1 billion, up 35% year-over-year

•Product revenue $577 million, up 55% year-over-year

•Subscription services revenue $476 million, up 17% year-over-year

•Subscription annual recurring revenue (ARR) $2 billion, up 19% year-over-year

•Remaining performance obligations (RPO) $3.8 billion, up 41% year-over-year

•GAAP gross margin 68.7%; non-GAAP gross margin 70.1%

•GAAP operating income $20 million; non-GAAP operating income $159 million

•GAAP operating margin 1.9%; non-GAAP operating margin 15.1%

•Operating cash flow $180 million; free cash flow $112 million

•Total cash, cash equivalents, and marketable securities $1.5 billion

•Returned approximately $84 million to stockholders through share repurchases of 1.3 million shares.

“In Q1, we generated record revenue and operating profit, exceeding the high-end of our guidance," said Everpure CFO Tarek Robbiati. "We are executing extremely well in a challenging supply chain environment—carrying our strong momentum into FY27, fueled by robust, broad-based demand for our Everpure solutions. Our increased guidance for the year reflects confidence in our ability to deliver on our priorities this year.”

First Quarter Company Highlights

A New Identity for the AI Era

•Formally transitioned the corporate brand from Pure Storage to Everpure and updated its ticker symbol (NYSE: P), reflecting the company's expansion from a storage provider to a leader in the future of data management.

•In May, completed the strategic acquisition of 1touch, an innovator in data intelligence and orchestration, adding data security posture management (DSPM), advanced data discovery, classification, and semantic context capabilities to the Everpure Platform.

Advancing the Enterprise Data Cloud Vision

•Launched ActiveCluster support for file data, enabling fleet-wide, policy-driven mobility and continuous availability. This innovation allows file workloads to move across environments without disruption.

•Announced the upcoming beta of Everpure Data Stream, to simplify AI curation and orchestration by eliminating manual data movement, significantly reducing the complexity barriers that typically stall enterprise AI projects.

1

Industry-Leading Performance & Consumption Models

•FlashBlade//EXA achieved the highest score ever recorded for the SPECstorage Solution 2020 AI_Image benchmark. Demonstrated superior performance economics, moving data twice as fast as competitors while occupying less than half a rack of storage space.

•Extended Evergreen//One support to FlashBlade//EXA, providing a flexible pay-as-you-go model for high-performance AI training and inference.

•Announced Purity DeepReduce, introducing adaptive, similarity-based data reduction, unlocking deeper efficiencies for AI pipelines, backups, and modern file and object workloads while preserving predictable, high-performance flash economics.

Increasing Partner Value

•Updated the partner program, focused on data-centric services where storage and data are foundational, particularly in the MSP program, while distributors play an expanded role in enablement to accelerate partner readiness.

•Announced the general availability of Everpure™ FlashArray™ support for Microsoft Azure Local.

•Announced the general availability of Pure1 + Veeam Anomaly Awareness Workflow, a new integration that unifies Everpure Pure1 and Veeam Backup & Replication.

Industry Recognition & Impact

•Recognized as part of CRN’s 2026 AI 100 and Storage 100.

•Hope Galley, VP, Americas Partner Sales, was recognized as part of CRN’s 2026 Women of the Channel Power 100.

Second Quarter and FY27 Guidance

Q2FY27

Revenue $1.095B to $1.105B

Revenue YoY Growth Rate 27% to 28%

Non-GAAP Operating Income $195M to $205M

Non-GAAP Operating Income YoY Growth Rate

50% to 58%

FY27

Prior Guidance

New Guidance

Revenue $4.3B to $4.4B $4.41B to $4.51B

Revenue YoY Growth Rate 17% to 20% 20% to 23%

Non-GAAP Operating Income $780M to $820M $820M to $860M

Non-GAAP Operating Income YoY Growth Rate

23% to 29% 29% to 36%

These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Everpure has not reconciled its guidance for non-GAAP operating income and related year-over-year growth rate to their most directly comparable GAAP measures because certain items that impact these measures are not within Everpure’s control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort.

Conference Call Information

Everpure will host a teleconference to discuss the first quarter fiscal 2027 results at 2:00 pm PT today, May 27, 2026. A live audio broadcast of the conference call will be available on the Everpure Investor Relations website. Everpure will also post its earnings presentation and prepared remarks to this website concurrent with this release.

A replay will be available following the call on the Everpure Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482.

2

Additionally, Everpure is scheduled to participate at the following investor conferences:

William Blair 46th Annual Growth Conference

Date: Wednesday, June 3, 2026

Time: 9:20 a.m. PT / 12:20 p.m. ET

Chief Technology and Growth Officer Rob Lee

Evercore Global TMT Conference

Date: Wednesday, June 3, 2026

Time: 2:10 p.m. PT / 5:10 p.m. ET

Chief Executive Officer Charlie Giancarlo

Bank of America Global Technology Conference

Date: Wednesday, June 3, 2026

Time: 2:40 p.m. PT / 5:40 p.m. ET

Chief Financial Officer Tarek Robbiati

About Everpure

Everpure (NYSE: P) allows organizations to take control of their data with an industry-leading, ever-evolving storage and data management platform. We help companies unleash the power of their data by ensuring it is secure, accessible, intelligent, and ready to perform in the AI era. We make data management effortless while simultaneously scaling performance and significantly reducing energy consumption. With one of the highest Net Promoter Scores for over a decade, Everpure is the choice of the world’s most innovative organizations. For more information, visit www.Everpuredata.com.

Connect with Everpure

Blog

LinkedIn

Twitter

Facebook

Everpure, the Everpure P Logo, Portworx, Pure Storage and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The Trademark List can be found at Everpuredata.com/trademarks. Other names may be trademarks of their respective owners.

Forward Looking Statements

This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our future period financial and business results, our ability to manage potential disruptions to our supply chain, our ability to procure a sufficient supply of flash and other components, the impact of recent increases in component costs, the anticipated effects of our recent acquisition of 1touch, our opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers' performance, price and other requirements, our ability to expand with our current hyperscale customer and to land new hyperscale customers, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers and large enterprises, the structure, timing and amount of revenue from hyperscaler licensing and support services, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically ongoing development and customer adoption of new products and the Enterprise Data Cloud architecture (including Pure FusionTM), priorities around sustainability and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, the impact of inflation, currency fluctuations, tariffs, or other adverse economic conditions, our expectations regarding our product and technology differentiation, new investments and partnerships, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements.

3

Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.everpuredata.com and on the SEC website at www.sec.gov. Additional information is also set forth in our Annual Report on Form 10-K for the fiscal year ended February 1, 2026. All information provided in this release and in the attachments is as of May 27, 2026, and Everpure undertakes no duty to update this information unless required by law.

Key Performance Metrics

Subscription ARR is a key business metric that refers to the annualized recurring contract value of all active, non-cancelable customer subscription agreements with subscription terms of any length at the end of the quarter, plus on-demand billings for the quarter multiplied by four.

Total Contract Value (TCV) Sales, or bookings, of Everpure's Evergreen//One and similar consumption- and subscription-based offerings is an operating metric, representing the value of orders received during the period.

Non-GAAP Financial Measures

To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Everpure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow.

We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, amortization of acquired intangible assets, restructuring costs related to severance and termination benefits, acquisition related transaction expenses and gains from mark-to-market adjustments on strategic investments that may not be indicative of our ongoing core business operating results. Everpure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release.

Contacts

Sandra Kerrigan – Investor Relations, Everpure

ir@everpuredata.com

Tricia Stream – Global Communications, Everpure

pr@everpuredata.com

###

4

EVERPURE, INC.

Condensed Consolidated Balance Sheets

(in thousands, unaudited)

At the End of

First Quarter of Fiscal 2027

Fiscal 2026

Assets

Current assets:

Cash and cash equivalents $ 837,794  $ 854,873

Marketable securities 666,955  692,446

Accounts receivable, net of allowance of $203 and $203

886,811  944,844

Inventory 77,940  75,935

Deferred commissions, current 143,364  139,379

Prepaid expenses and other current assets 437,017  356,015

Total current assets 3,049,881  3,063,492

Property and equipment, net 613,917  587,022

Operating lease right-of-use-assets 201,816  185,975

Deferred commissions, non-current 288,885  280,190

Intangible assets, net 5,342  7,346

Goodwill 365,075  365,075

Restricted cash 8,285  7,687

Other assets, non-current 216,746  177,472

Total assets $ 4,749,947  $ 4,674,259

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable $ 173,207  $ 153,312

Accrued compensation and benefits 236,221  347,205

Accrued expenses and other liabilities 181,942  184,338

Operating lease liabilities, current 45,366  44,080

Deferred revenue, current 1,249,675  1,181,055

Total current liabilities 1,886,411  1,909,990

Operating lease liabilities, non-current 185,595  172,063

Deferred revenue, non-current 1,127,682  1,046,442

Other liabilities, non-current 108,121  100,096

Total liabilities 3,307,809  3,228,591

Stockholders’ equity:

Common stock and additional paid-in capital 2,600,504  2,624,790

Accumulated other comprehensive income (loss) (1,613) 1,709

Accumulated deficit (1,156,753) (1,180,831)

Total stockholders’ equity

1,442,138  1,445,668

Total liabilities and stockholders’ equity

$ 4,749,947  $ 4,674,259

5

EVERPURE, INC.

Condensed Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

First Quarter of Fiscal

2027 2026

Revenue:

Product

$ 576,544  $ 372,144

Subscription services 476,352  406,341

Total revenue 1,052,896  778,485

Cost of revenue:

Product (1)

204,544  141,050

Subscription services (1)

125,020  101,282

Total cost of revenue 329,564  242,332

Gross profit 723,332  536,153

Operating expenses:

Research and development (1)

259,092  221,740

Sales and marketing (1)

347,856  278,512

General and administrative (1)

96,445  67,072

Total operating expenses 703,393  567,324

Income (loss) from operations 19,939  (31,171)

Other income (expense), net 13,931  31,655

Income before provision for income taxes 33,870  484

Income tax provision 9,792  14,479

Net income (loss) $ 24,078  $ (13,995)

Net income (loss) per share attributable to common stockholders, basic $ 0.07  $ (0.04)

Net income (loss) per share attributable to common stockholders, diluted $ 0.07  $ (0.04)

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 331,152  326,539

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 343,493  326,539

(1) Includes stock-based compensation expense as follows:

Cost of revenue -- product

$ 4,132  $ 3,266

Cost of revenue -- subscription services 8,155  7,162

Research and development 60,331  49,242

Sales and marketing 29,163  22,084

General and administrative 20,283  14,521

Total stock-based compensation expense $ 122,064  $ 96,275

6

EVERPURE, INC.

Condensed Consolidated Statements of Cash Flows

(in thousands, unaudited)

First Quarter of Fiscal

2027 2026

Cash flows from operating activities

Net income (loss) $ 24,078  $ (13,995)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization 40,198  33,770

Stock-based compensation expense 122,064  96,275

Other 4,381  705

Changes in operating assets and liabilities, net of effects of acquisition:

Accounts receivable, net 58,032  269,542

Inventory (2,768) 2,669

Deferred commissions (12,680) (3,657)

Prepaid expenses and other assets (117,076) (19,440)

Operating lease right-of-use assets 10,574  8,397

Accounts payable 16,254  (26,991)

Accrued compensation and other liabilities (102,069) (84,343)

Operating lease liabilities (10,684) (11,238)

Deferred revenue 149,860  32,242

Net cash provided by operating activities 180,164  283,936

Cash flows from investing activities

Purchases of property and equipment (1)

(68,414) (72,346)

Purchases of marketable securities and other (112,952) (114,896)

Sales of marketable securities 69,160  18,207

Maturities of marketable securities 66,712  57,253

Net cash used in investing activities (45,494) (111,782)

Cash flows from financing activities

Proceeds from exercise of stock options

6,646  5,359

Proceeds from issuance of common stock under employee stock purchase plan 30,001  27,240

Principal payments on borrowings and finance lease obligations (612) (1,125)

Tax withholding on vesting of equity awards (102,920) (61,300)

Repurchases of common stock (84,103) (119,936)

Net cash used in financing activities (150,988) (149,762)

Net increase (decrease) in cash, cash equivalents and restricted cash (16,318) 22,392

Cash, cash equivalents and restricted cash, beginning of period 864,979  737,750

Cash, cash equivalents and restricted cash, end of period $ 848,661  $ 760,142

(1) Includes capitalized internal-use software costs of $10.3 million and $6.9 million for the first quarter of fiscal 2027 and 2026.

7

Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures

The following table presents non-GAAP gross margins by revenue source before certain items (in thousands except percentages, unaudited):

First Quarter of Fiscal 2027

First Quarter of Fiscal 2026

GAAP

results GAAP

gross

margin (a) Adjustment   Non-

GAAP

results Non-

GAAP

gross

margin (b) GAAP

results GAAP

gross

margin (a) Adjustment   Non-

GAAP

results Non-

GAAP

gross

margin (b)

$ 4,132  (c) $ 3,266  (c)

330  (d) 240  (d)

—  208  (e)

1,269

(f)

3,306

(f)

Gross profit -- product $ 372,000  64.5  % $ 5,731  $ 377,731  65.5  % $ 231,094  62.1  % $ 7,020  $ 238,114  64.0  %

$ 8,155  (c) $ 7,162  (c)

768  (d) 743  (d)

—  632  (e)

66  (f) —

Gross profit -- subscription services $ 351,332  73.8  % $ 8,989  $ 360,321  75.6  % $ 305,059  75.1  % $ 8,537  $ 313,596  77.2  %

$ 12,287  (c) $ 10,428  (c)

1,098

(d)

983  (d)

—  840  (e)

1,335  (f) 3,306

(f)

Total gross profit $ 723,332  68.7  % $ 14,720  $ 738,052  70.1  % $ 536,153  68.9  % $ 15,557  $ 551,710  70.9  %

(a) GAAP gross margin is defined as GAAP gross profit divided by revenue.

(b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue.

(c) To eliminate stock-based compensation expense.

(d) To eliminate payroll tax expense related to stock-based activities.

(e) To eliminate expenses for severance and termination benefits related to workforce realignment.

(f) To eliminate amortization expense of acquired intangible assets.

8

The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts and percentages, unaudited):

First Quarter of Fiscal 2027

First Quarter of Fiscal 2026

GAAP

results GAAP

operating

margin (a) Adjustment   Non-

GAAP

results Non-

GAAP

operating

margin (b) GAAP

results GAAP

operating

margin (a) Adjustment   Non-

GAAP

results Non-

GAAP

operating

margin (b)

$ 122,064

(c)

$ 96,275

(c)

9,852  (d) 8,615

(d)

1,566

(e)

3,536

(e)

—  5,489  (f)

5,335  (i) —

Operating income (loss) $ 19,939  1.9  % $ 138,817  $ 158,756  15.1  % $ (31,171) (4.0) % $ 113,915  $ 82,744  10.6  %

$ 122,064  (c) $ 96,275  (c)

9,852  (d) 8,615  (d)

1,566  (e) 3,536  (e)

—  5,489

(f)

105  (g) 153  (g)

—  (2,435) (h)

5,335  (i) —

Net income (loss) $ 24,078  $ 138,922  $ 163,000  $ (13,995) $ 111,633  $ 97,638

Net income (loss) per share -- diluted $ 0.07  $ 0.47  $ (0.04) $ 0.29

Weighted-average shares used in per share calculation -- diluted

343,493  —  343,493  326,539  9,470  (j) 336,009

(a) GAAP operating margin is defined as GAAP operating income (loss) divided by revenue.

(b) Non-GAAP operating margin is defined as non-GAAP operating income divided by revenue.

(c) To eliminate stock-based compensation expense.

(d) To eliminate payroll tax expense related to stock-based activities.

(e) To eliminate amortization expense of acquired intangible assets.

(f) To eliminate expenses for severance and termination benefits related to workforce realignment

(g) To eliminate amortization expense of debt issuance costs related to our debt.

(h) To eliminate unrealized gain from mark-to-market adjustment on strategic investment.

(i) To eliminate acquisition-related transaction expenses.

(j) To include effect of dilutive securities (employee stock options, restricted stock, and shares from employee stock purchase plan).

9

Reconciliation from net cash provided by operating activities to free cash flow (in thousands except percentages, unaudited):

First Quarter of Fiscal

2027 2026

Net cash provided by operating activities $ 180,164  $ 283,936

Less: purchases of property and equipment (1)

(68,414) (72,346)

Free cash flow (non-GAAP) $ 111,750  $ 211,590

(1) Includes capitalized internal-use software costs of $10.3 million and $6.9 million for the first quarter of fiscal 2027 and 2026.

10

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

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dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

na

Period Type:

duration

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

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dei_EntityAddressAddressLine1

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

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- Definition

Name of the City or Town

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No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

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- Definition

Code for the postal or zip code

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No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

na

Period Type:

duration

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- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

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Data Type:

dei:stateOrProvinceItemType

Balance Type:

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Period Type:

duration

X

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

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Data Type:

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Balance Type:

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Period Type:

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X

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

na

Period Type:

duration

X

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

na

Period Type:

duration

X

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

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Data Type:

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

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Period Type:

duration

X

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

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Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

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Namespace Prefix:

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Data Type:

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Balance Type:

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Period Type:

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X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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dei_PreCommencementTenderOffer

Namespace Prefix:

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Data Type:

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Balance Type:

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X

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

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dei_Security12bTitle

Namespace Prefix:

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Data Type:

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Balance Type:

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Period Type:

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X

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

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Period Type:

duration

X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

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Period Type:

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X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

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Data Type:

dei:tradingSymbolItemType

Balance Type:

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Period Type:

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X

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

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dei_WrittenCommunications

Namespace Prefix:

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Data Type:

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Balance Type:

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Period Type:

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X

- Definition

Cover Page [Abstract]

+ References

No definition available.

+ Details

Name:

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Namespace Prefix:

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Balance Type:

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Period Type:

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