FINHUB Insights

NTAP · Q3 FY25 · Oct 26, 2024 – Jan 24, 2025

NetApp Q3 FY25: where the revenue came from and where it went

NetApp Q3 FY25: revenue $1.6B (+2% year over year). Net profit $0.3B. Largest cohort Product $0.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 26, 2024 – Jan 24, 2025
Reported
Feb 27, 2025 10-Q
Sankey diagram of NetApp's income statement for Q3 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 +2% year over year
Gross profit$1.1B 70% margin
Operating profit$0.4B 22% margin
Net profit$0.3B 18% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jan 24, 2025).
ItemValueShare of revenueYear over year
Revenue 1.6 100% +2%
Product 0.8 50% +1%
Support 0.6 38% −2%
Public Cloud 0.2 12% +15%
Professional 0.1 6% +14%
Cost of revenue−0.531%
Gross profit1.170% margin−2pp
Research & development−0.215%+0pp
Sales & marketing−0.527%+0pp
G&A−0.15%−1pp
Operating profit0.422% margin−1pp
Tax−0.1
Net profit0.318%−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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