FINHUB Insights

NTAP · Q1 FY25 · Apr 26 – Jul 25, 2025

NetApp Q1 FY25: where the revenue came from and where it went

NetApp Q1 FY25: revenue $1.6B (+1% year over year). Net profit $0.2B. Largest cohort Product $0.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 26 – Jul 25, 2025
Reported
Aug 27, 2025 10-Q
Sankey diagram of NetApp's income statement for Q1 FY25: revenue of $1.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.6B +1% year over year
Gross profit$1.1B 70% margin
Operating profit$0.3B 20% margin
Net profit$0.2B 15% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Jul 25, 2025).
ItemValueShare of revenueYear over year
Revenue 1.6 100% +1%
Product 0.7 44% −2%
Support 0.6 38% +3%
Public Cloud 0.2 12% +1%
Professional 0.1 6% +18%
Cost of revenue−0.531%
Gross profit1.170% margin−1pp
Research & development−0.216%−1pp
Sales & marketing−0.530%−1pp
G&A−0.15%+1pp
Operating profit0.320% margin+2pp
Tax−0.1
Net profit0.215%−1pp
Filing on EDGAR More quarters of NTAP

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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