UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-37570 Everpure, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporat ...

Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes that the Strategy underperformed in 2025 because it did not own Palantir Technologies Inc (PLTR). The Strategy focuses on achieving solid risk-a ...

On this episode of After Earnings, Everpure, the newly rebranded [music] data platform company aiming to position itself at the center of enterprise AI by transforming fragmented, ungoverned data into AI ready [music] information. I'm joined by Charles Junk Carlo, CEO and chairman of Everpure to discuss the transition beyond [music] flash storage, the company's investments in sales and marketing amid the war for sales talent [music] and supply chain challenges in the face of tariffs and rising memory costs. ...

Core Thesis - Pure Storage (PSTG) is positioned as a critical player in the AI infrastructure stack, addressing the bottleneck of data storage and retrieval in the current AI buildout [2][5] Company Overview - Everpure, Inc. provides data storage and management technologies, products, and services both in the United States and internationally [2] - PSTG's share price was $62.85 as of March 16th, with trailing and forward P/E ratios of 114.27 and 29.85 respectively [1] Technology and Performance - Pure Storage has developed its platform using DirectFlash technology, which allows direct interaction with raw NAND, resulting in superior performance, lower latency, reduced heat output, and improved reliability compared to traditional systems [3] - The company's subscription Annual Recurring Revenue (ARR) reached $1.8 billion, growing 17% year-over-year, with gross margins at 70%, indicating strong pricing power and a high-value software-driven model [4] Market Position and Strategic Importance - A recent large-scale deployment agreement with Meta, potentially spanning 1–2 exabytes by FY26, validates Pure Storage's capability to operate at hyperscaler scale and reflects growing enterprise confidence in its architecture [4] - As AI investment accelerates, the demand for efficient storage solutions is critical, positioning Pure Storage as a key supplier in an environment where performance is essential [5]

Core Insights - The AI infrastructure market is projected to grow from $75.4 billion in 2026 to $497.98 billion by 2034, with a compound annual growth rate (CAGR) of 26.6% [1] - Everpure has upgraded its AI platform with Evergreen//One for FlashBlade//EXA and Everpure Data Stream beta, aiming to simplify AI deployment and enhance performance [1][8] Company Developments - FlashBlade//EXA is central to Everpure's AI strategy, designed for high-performance storage to support large-scale AI training and inference, maintaining consistent performance even at 192 nodes [2][8] - Everpure's integration with NVIDIA's AI ecosystem enhances its capabilities, supporting advanced use cases and ensuring enterprise-grade compatibility through NVIDIA-Certified Storage validation [3] - The launch of Everpure Data Stream beta in 2026 aims to streamline data flow from ingestion to AI training and inference, addressing inefficiencies in current processes [4][8] Competitive Landscape - NetApp, Inc. (NTAP) is a direct competitor to Everpure, experiencing strong momentum in AI-related opportunities, with approximately 300 customers adopting its solutions for AI data preparation [5] - Hewlett Packard (HPE) is expanding its generative AI offerings through collaboration with NVIDIA, developing solutions that facilitate AI model tuning and deployment, benefiting from strong demand for its GreenLake platform [6] Financial Performance - Shares of Everpure (PSTG) have decreased by 13.4% in the past month, compared to a 2.6% decline in the Technology Services industry [7] - PSTG is currently trading at a forward 12-month price/earnings ratio of 81.65, significantly higher than the industry average of 22.1 [9] - The Zacks Consensus Estimate for PSTG's earnings for fiscal 2027 has been revised downward slightly over the past 60 days, indicating a mixed outlook [11]

Everpure (PSTG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this data storage company have returned -14.9% over the past month versus the Zacks S&P 500 composite's -1.9% change. The Zacks Technology Services industry, to which Everpure belongs, has lost 1.8% over this period. Now the key question is: Where could the stock be headed in the near term?Al ...

Core Insights - Everpure has launched Evergreen//One for FlashBlade//EXA and the upcoming Everpure Data Stream Beta to facilitate the transition from pilot to production in enterprise AI projects by reducing cost and complexity barriers [1][2] Group 1: Product Offerings - Evergreen//One for AI extends across FlashBlade//EXA, providing the necessary performance, scalability, and throughput for large-scale AI training and inference [2] - The Everpure Data Stream Beta, set to launch later in 2026, automates data movement from ingestion to inference, thereby accelerating time-to-result [2][8] - Everpure's technology allows for global deployment of storage on a pay-as-you-go basis, addressing capacity planning challenges and enabling scalability to meet evolving AI workloads [4] Group 2: Performance Validation - FlashBlade//EXA has achieved the highest score for the SPEC Storage AI_Image benchmark, successfully powering 6,300 simultaneous AI jobs, demonstrating its capability to sustain more concurrent training tasks than any other solution [7] - Recent benchmarks from SPECstorage Solution 2020 and MLPerf validate FlashBlade//EXA's consistent performance in transforming raw data into trained models at scale [5] - The integration of NVIDIA-Certified Storage (NVCS) validation with FlashBlade//EXA provides a foundation for full-stack confidence and aligns with NVIDIA Cloud Partner reference architectures [6] Group 3: AI Economics and Infrastructure - FlashBlade//EXA moves data twice as fast as its closest competitor while occupying less than half a rack of storage, ensuring over 90% GPU utilization across large NVIDIA Hopper clusters [7] - Everpure's platform emphasizes continuous data optimization as a strategy for success in the AI-driven landscape, treating AI readiness as an ongoing journey rather than a one-time upgrade [11] - The collaboration with Supermicro and the NVIDIA AI Data Platform reference design allows enterprises to unlock the true value of their data rapidly [9]

Core Insights - Everpure's expanding hyperscaler business is becoming a significant growth driver as demand for high-performance, energy-efficient storage increases due to AI and large-scale cloud workloads [1] Financial Outlook - PSTG anticipates fiscal 2027 revenues between $4.3 billion and $4.4 billion, reflecting an 18.8% year-over-year growth at the midpoint, with expected operating profit of $780 million to $820 million, a rise of about 26% [2] - The company expects significantly higher shipments and revenues in fiscal 2027 compared to fiscal 2026, driven by the expansion of its hyperscaler business [3][9] Business Model and Strategy - PSTG has standardized its business model for hyperscale customers, where the company will procure certain components while customers will source NAND through their own supply chains [4] - This model is projected to yield hyperscaler gross margins between 75% and 85%, which is expected to enhance both product margins and overall gross margins [4] Market Dynamics - Rising memory and NAND prices, along with industry-wide component shortages, are potential challenges for the company [5] - PSTG has developed a diversified supply chain with contingency plans to mitigate disruption risks, supported by strong supplier relationships and in-house hardware design [5] Competitive Landscape - NetApp is a direct competitor, emphasizing first-party ties with hyperscale cloud customers as a key differentiator, with partnerships with major hyperscalers like Amazon and Microsoft [6] - Western Digital is also focusing on hyperscale customers, delivering high-capacity drives and achieving a 22% year-over-year increase in shipments, underscoring strong customer adoption [8]

Core Insights - Everpure Inc. (NYSE:PSTG) is recognized as one of the top computer hardware stocks for long-term investment, despite recent price target reductions by analysts [1][2]. Price Target Adjustments - Lake Street has lowered its price target for Everpure from $92 to $90 while maintaining a Buy rating, indicating a potential upside of nearly 48% [1]. - Bank of America Securities analyst Wamsi Mohan has also reduced the price target from $100 to $90, keeping a Neutral rating on the stock [2]. Financial Performance Expectations - Mohan anticipates first-quarter revenues of $986 million, surpassing the market's estimate of $917 million [3]. - The expected earnings per share (EPS) is forecasted at 34 cents, lower than the consensus estimate of 39 cents, attributed to reduced product margins [3]. Company Overview - Everpure Inc. specializes in data storage and management hardware and software, offering enterprise-class solutions such as all-flash storage arrays and AI-driven infrastructure platforms [4]. - The company's technology supports organizations in modernizing hybrid cloud environments and optimizing performance for various computing workloads [4].

Core Insights - Everpure, Inc. (PSTG) has launched ActiveCluster support for file, enhancing its Enterprise Data Cloud (EDC) vision by enabling policy-driven mobility across storage environments, which allows continuous data availability and efficient management of modern workloads [1][9] Group 1: Product Development and Features - ActiveCluster for file introduces fleet-level data mobility, extending traditional high-availability capabilities and allowing centralized definition of availability and mobility policies across the storage fleet [3] - The solution simplifies setup through policy-based management, ensuring continuous file access during outages and seamless workload movement across arrays to meet service-level agreements [4] - ActiveCluster for file is expected to be generally available in Q2 2026 as a non-disruptive upgrade to the Purity operating environment, requiring no new hardware or downtime [4] Group 2: Market Context and Competitor Analysis - The rapid growth of AI has increased the demand for processing unstructured data, with traditional storage systems often unable to meet the throughput needs of modern AI applications, leading to inefficiencies [2] - Competitors like NetApp Inc. (NTAP) are capitalizing on AI demand, closing approximately 200 AI infrastructure and data-modernization deals in Q2 of fiscal 2026, and introducing high-performance storage platforms for AI workloads [6] - Seagate Technology Holdings plc (STX) is addressing AI-driven data storage demand with its Mozaic platform and HAMR technology, shipping 3TB-per-disk drives and targeting up to 10TB per disk to support AI and machine learning applications [7] Group 3: Financial Performance and Valuation - PSTG shares have declined by 10.7% over the past three months, compared to a 9.9% decline in the Zacks Computer-Storage Devices industry [10] - The company's valuation appears stretched, with a forward price/earnings ratio of 81.3X, significantly higher than the industry average of 22.92X [11] - The Zacks Consensus Estimate for PSTG's earnings for fiscal 2026 has seen a marginal decline over the past 30 days [12]