NetApp, Inc.
NetApp, Inc. (NTAP) Financial Performance & Income Statement Overview
Analyze NetApp, Inc. (NTAP) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
NetApp, Inc. (NTAP) Income Statement & Financial Overview
Analyze NetApp, Inc.’s NTAP earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|
| Revenue | $1.64B | $1.66B | $1.54B | $1.67B |
| Cost of Revenue | $496.00M | $481.00M | $443.00M | $498.00M |
| Gross Profit | $1.15B | $1.18B | $1.10B | $1.17B |
| Gross Profit Ratio | $0.70 | $0.71 | $0.71 | $0.70 |
| R&D Expenses | $247.00M | $257.00M | $252.00M | $271.00M |
| SG&A Expenses | $525.00M | $562.00M | $546.00M | $532.00M |
| Operating Expenses | $783.00M | $832.00M | $798.00M | $803.00M |
| Total Costs & Expenses | $1.27B | $1.31B | $1.24B | $1.30B |
| Interest Income | $20.00M | $27.00M | $36.00M | $32.00M |
| Interest Expense | $12.00M | $15.00M | $16.00M | $16.00M |
| Depreciation & Amortization | $64.00M | $63.00M | $63.00M | $64.00M |
| EBITDA | $446.00M | $438.00M | $363.00M | $460.00M |
| EBITDA Ratio | $0.27 | $0.26 | $0.24 | $0.28 |
| Operating Income | $362.00M | $345.00M | $282.00M | $366.00M |
| Operating Income Ratio | $0.22 | $0.21 | $0.18 | $0.22 |
| Other Income/Expenses (Net) | $8.00M | $15.00M | $17.00M | $14.00M |
| Income Before Tax | $370.00M | $360.00M | $299.00M | $380.00M |
| Income Before Tax Ratio | $0.23 | $0.22 | $0.19 | $0.23 |
| Income Tax Expense | $71.00M | $61.00M | $51.00M | $89.00M |
| Net Income | $299.00M | $299.00M | $248.00M | $291.00M |
| Net Income Ratio | $0.18 | $0.18 | $0.16 | $0.17 |
| EPS | $1.47 | $1.47 | $1.20 | $1.41 |
| Diluted EPS | $1.44 | $1.42 | $1.17 | $1.37 |
| Weighted Avg Shares Outstanding | $204.00M | $204.00M | $206.00M | $206.00M |
| Weighted Avg Shares Outstanding (Diluted) | $208.00M | $210.00M | $212.00M | $212.00M |
Over the last four quarters, NetApp, Inc. achieved steady financial progress, growing revenue from $1.67B in Q4 2024 to $1.64B in Q3 2025. Gross profit stayed firm with margins at 70% in Q3 2025 versus 70% in Q4 2024. Operating income totaled $362.00M in Q3 2025, maintaining a 22% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $446.00M. Net income rose to $299.00M, with EPS at $1.47. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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