NetApp, Inc. (NTAP) Financial Statements
NetApp financial statements at a glance
NetApp reported revenue of $6.57 billion for fiscal year 2025 (ended April 30, 2025), up 4.9% from fiscal year 2024. Net income was $1.19 billion, a net margin of 18.0%, and diluted earnings per share were $5.67.
At the end of fiscal year 2025 it had total assets of $10.82 billion, total liabilities of $9.78 billion and shareholders' equity of $1.04 billion, with cash and short-term investments of $3.85 billion and total debt of $3.49 billion.
Its operations brought in $1.51 billion of cash; capital spending was $168.00 million, leaving free cash flow of $1.34 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended April 30, 2025.
NetApp, Inc.
Income Statement
Annual • USD
NetApp key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.6B | $6.3B | $6.4B | $6.3B | – |
| Gross profit | $4.6B | $4.4B | $4.2B | $4.2B | – |
| Operating income | $1.4B | $1.3B | $1.2B | $1.2B | – |
| Net income | $1.2B | $986.0M | $1.3B | $937.0M | – |
| Diluted EPS | $5.67 | $4.63 | $5.79 | $4.09 | – |
| Total assets | $10.8B | $9.9B | $9.8B | $10.0B | – |
| Total liabilities | $9.8B | $8.7B | $8.7B | $9.2B | – |
| Shareholders' equity | $1.0B | $1.1B | $1.2B | $838.0M | – |
| Cash and short-term investments | $3.8B | $3.3B | $3.1B | $4.1B | – |
| Total debt | $3.5B | $2.7B | $2.7B | $2.9B | – |
| Operating cash flow | $1.5B | $1.7B | $1.1B | $1.2B | – |
| Capital spending | $168.0M | $155.0M | $239.0M | $226.0M | – |
| Free cash flow | $1.3B | $1.5B | $868.0M | $985.0M | – |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was NetApp's revenue in fiscal year 2025?
$6.57 billion, up 4.9% from $6.27 billion in fiscal year 2024.
How much profit does NetApp make?
NetApp reported net income of $1.19 billion for fiscal year 2025 (18.0% of revenue); operating income was $1.43 billion.
How much cash and debt does NetApp have?
At the end of fiscal year 2025: cash and short-term investments of $3.85 billion and total debt of $3.49 billion.
What is NetApp's free cash flow?
$1.34 billion in fiscal year 2025 (operating cash flow of $1.51 billion minus capital spending of $168.00 million).
