In 2016, Nutanix, offering virtualized storage services, will receive PJSC status

According to Business Insider, the other day it became known that Nutanix filed documents on the S1 form to the US Securities and Exchange Commission. At the beginning of next year, the company will be officially transformed into a public joint-stock company (to put it in terms of domestic terminology).

The fact of filing the S1 form indicates that Nutanix, which was valued at more than $ 2 billion in private markets, is developing rapidly, but at the same time losing a lot of money.

Nutanix is ​​a startup that develops technologies for data centers of large companies and is one of the leaders in the field of “virtualized storage”. The company's revenue has grown eightfold in the last two years. At the end of the financial reporting period (July 31, 2013), Nutanix's annual income was $ 30.5 million, and two years later, that figure rose to $ 241.4 million. At the same time, over the same period, the net losses of a startup increased from 44.7 million dollars to 126.1 million dollars.
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As with many other big startups, most of Nutanix's operating expenses are marketing related. In 2015, the company spent $ 161.8 million on this, which accounted for more than half of the profits of the startup. In 2013, marketing-related expenses amounted to $ 27.2 million - and this is almost all of the company's revenue for the year, which was then equal to $ 30.5 million. Not surprisingly, the company has never been profitable, and S1 also says that Nutanix does not expect to achieve profitability in the near future.

Starting in 2011, a startup has collected $ 312 million in funding, and with the latest estimate, the company’s value was about $ 2 billion.