NetApp Q3 FY25: where the revenue came from and where it went
The whole income statement of NetApp for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 26, 2024 – Jan 24, 2025
- Reported
- Feb 27, 2025
Revenue$1.64B
+2% year over year
Gross profit$1.15B
70% margin
Operating profit$0.36B
22% margin
Net profit$0.30B
18% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.64 | 100% | +2% |
| Product | 0.76 | 46% | +1% |
| Support | 0.62 | 38% | −2% |
| Public cloud | 0.17 | 11% | +15% |
| Professional | 0.09 | 5% | +14% |
| Cost of revenue | −0.50 | 30% | |
| Gross profit | 1.15 | 70% margin | −2pp |
| R&D | −0.25 | 15% | +0pp |
| Sales & marketing | −0.45 | 27% | +0pp |
| G&A | −0.07 | 5% | −1pp |
| Other | −0.01 | 1% | +0pp |
| Operating profit | 0.36 | 22% margin | −1pp |
| Tax | −0.06 | ||
| Net profit | 0.30 | 18% margin | −1pp |
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