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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Fiscal Q4 & Full Year 2026 Financial Results February 25, 2026
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our future period financial and business results, our ability to manage potential disruptions to our supply chain, our ability to procure a sufficient supply of flash and other components, the impact of recent increases in our component costs, the anticipated effects and timing of our pending acquisition of 1touch, our opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers' performance, price and other requirements, our ability to expand with our current hyperscale customer and to land new hyperscale customers, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers and large enterprises, the structure, timing and amount of revenue from hyperscaler licensing and support services, demand for our products and subscription services, including Evergreen//One, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically ongoing development and customer adoption of new products and the Enterprise Data Cloud architecture (including Everpure Fusion), priorities around sustainability and energy saving benefits to our customers of using our products, our ability to perform during current macro conditions and expand market share, the impact of inflation, currency fluctuations, tariffs, or other adverse economic conditions, our expectations regarding our product and technology differentiation, new investments and partnerships, and other statements regarding our products, business, operations and results. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “expect,” “could,” “seek,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or similar expressions and the negatives of those terms. The forward-looking statements in this presentation are based on information currently available to us and represent our beliefs and assumptions only as of the date of this presentation. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Additional risks, uncertainties and other factors are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in our reports previously filed with the SEC, which are available on our website at investor.everpuredata.com and on the SEC's website at www.sec.gov. This presentation includes certain non-GAAP financial measures as defined by SEC rules. As required by Regulation G, we have provided reconciliations of those measures to the most directly comparable GAAP measures, which are available in the Appendix. We have not reconciled our guidance regarding non-GAAP operating income and related year-over-year growth rate to their most directly comparable GAAP measures because items such as stock-based compensation expense and payroll tax expense related to stock-based activities that impact these measures are not within our control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures are not available without unreasonable effort. Note about 52/53-week fiscal year: We use a 52/53-week fiscal year ending on the first Sunday after January 30. The FY22 period presented contains 53 weeks, whereas all other fiscal year periods presented contain 52 weeks. 2
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Company Overview 3
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Everpure at a Glance 4 Total Revenue $1.06B 20% Y/Y Growth Global Customers 14,500+ ~64% of Fortune 500 Subscription ARR $1.92B 16% Y/Y Growth Storage as a Service Offerings $179M 28% Y/Y Growth Total Cash & Marketable Securities $1.55B 84 NPS One of the highest in the Industry Customer Satisfaction Non-GAAP Operating Margin 21.3% 40% Y/Y Growth $3.67B Remaining Performance Obligations (1) (2) (3) (4) (5) (1) Subscription ARR is a key business metric that refers to the annualized recurring contract value of all active, non-cancelable customer subscription agreements with subscription terms of any length at the end of the quarter, plus on-demand billings for the quarter multiplied by four. (2) Total Contract Value (TCV) Sales, or bookings, of Everpure's Evergreen//One and similar consumption - and subscription-based offerings is an operating metric, representing the value of orders received during the period. (3) Consists of cash in banks, cash equivalents (highly liquid investments with an original maturity of three months or less) , and available-for-sale securities. (4) Per Audited NPS customer score for 2025. (5) See GAAP to Non-GAAP reconciliation in Appendix.
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure 5 For 2025, Everpure earned a Net Promoter Score of 84 One of the highest in the data storage industry marking a decade of achieving an independently audited NPS of 80 or higher and delivering consistently exceptional customer experience. At Everpure, customer experience isn’t a slogan, it’s the standard we hold ourselves to every day.
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure 6 Company Highlights We are now Everpure. Our new identity represents our evolution from redefining storage to rethinking data management, as we help customers unleash the power of data. Intent to acquire 1touch, extending Everpure's data management capabilities by adding data discovery, data semantics and contextualization to our platform Record Q4: Surpassed $1B in quarterly Revenue for the first time, +20% YoY. Highest quarterly non-GAAP Operating Profit of $226M, +47% YoY Growing enterprise business: Solid performance in large-scale transactions, with deals over $5M growing 80% YoY, penetration of Fortune 500 companies at 64% Expect to significantly accelerate hyperscaler shipments and revenues in FY27, reflected in strong guidance (1) (1) See GAAP to Non-GAAP reconciliations in Appendix.
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Data Intelligence METADATA CATALOG FUTURE FUTURE Evolution from redefining storage to rethinking data management through software 7 Storage Arrays FS_FILE BUCKET_IMAGES FS_FILE BUCKET_IMAGES FS_FILE BUCKET_IMAGES Storage Resources DATASET APP FS_FILE BUCKET _IMAGES WORKLOAD POLICY CONTEXT DATASET APP FS_FILE BUCKET _IMAGES WORKLOAD POLICY CONTEXT DATASET APP FS_FILE BUCKET _IMAGES WORKLOAD POLICY CONTEXT DATASET APP FS_FILE BUCKET _IMAGES WORKLOAD POLICY CONTEXT Workload Deployment Presets Data Mobility Data Plane Balancing Compliance / Dataset Lifecycle Management AI Co-Pilot and Automated Workflows Datasets Presets Presets Presets PresetsPolicies Intelligent Control Plane Unified Data Plane DATA INFRASTRUCTURE 2009 + FlashBlade for file and unstructured data Introduction of FlashArray for block storage The beginning CLOUD OPERATING MODEL 2018 + Introduction of Fusion Purchase of Portworx Introduction of Cloud Block Store Evergreen//One Staas DATA MANAGEMENT 2025 + Acquisition of 1touch Expansion of Enterprise Data Cloud Understanding, organizing, and optimizing objects, files, databases, and application data in context across environments. Provisioning, Monitoring, and Optimizing Storage Arrays and Data Storage Resources Organizing, tracking, protecting, and optimizing datasets throughout their entire lifecycle. 2026 2025 2021 2020 2019 2018 2016 2011 2009
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure© 2026 Everpure 8 14,500+ Customers 64% of Fortune 500 42% of Global 2000 Customers
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Financial Overview 9 Q4FY26
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Guidance Actuals Subscription Annual Recurring Revenue $1.92B Revenue $1.03B $1.06B Non-GAAP Operating Income $225M $226M Non-GAAP Operating Margin 21.8% 21.3% Operating Cash Flow $268M Non-GAAP Free Cash Flow $201M 10 Q4FY26 Financial Summary (3) (3) (3) (1) (1) Midpoint of Guidance. Implied Non-GAAP Operating Margin. (2) Subscription ARR is a key business metric that refers to the annualized recurring contract value of all active, non-cancelable customer subscription agreements with subscription terms of any length at the end of the quarter, plus on-demand billings for the quarter multiplied by four. (3) See GAAP to Non-GAAP reconciliations for actuals in Appendix. (2)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Revenue $495M $372M $446M $534M $619M $385M $406M $415M $430M $440M Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Product Revenue Subscription Services Revenue 20% Total Revenue 25% Product Revenue 14% Subscription Revenue Q4FY26 YoY Growth $880M $861M $964M $1,059M $778M
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Non-GAAP Gross Margins 12 62.9% 64.0% 68.0% 72.9% 67.3% 77.2% 77.2% 76.5% 75.5% 77.0% 69.2% 70.9% 72.1% 74.1% 71.4% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Product Gross Margin Subscription Gross Margin Total Gross Margin (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Non-GAAP Operating Income & Margin 13 $153M $83M $130M $196M $226M 17.4% 10.6% 15.1% 20.3% 21.3% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Non-GAAP Operating Income Non-GAAP Operating Margin (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Non-GAAP Operating Expenses 14 $54M $51M $53M $61M $60M $239M $252M $258M $266M $293M $163M $166M $180M $191M $177M 18.5% 21.4% 20.9% 19.8% 16.7% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 G&A S&M R&D Research & Development as a % of Revenue $456M $469M $491M $518M $530M (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Subscription Annual Recurring Revenue 15 $1,658M $1,711M $1,785M $1,837M $1,924M Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 ARR Q4FY26 YoY Growth 16%+ (1) Subscription ARR is a key business metric that refers to the annualized recurring contract value of all active, non-cancelable customer subscription agreements with subscription terms of any length at the end of the quarter, plus on-demand billings for the quarter multiplied by four. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Q4FY26 Remaining Performance Obligations $1,795M $1,827M $1,911M $1,960M $2,227M $823M $862M $932M $983M $1,444M Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Deferred Revenue Unbilled Remaining Performance Obligations $2,618M $2,843M $2,943M $3,671M $2,689M RPO Q4FY26 YoY Growth 40%+ (1) RPO associated solely with subscription service offerings grew 34% at the end of Q4FY26. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Financial Overview 17 FY26
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Guidance Actuals Subscription Annual Recurring Revenue $1.92B Revenue $3.635B $3.66B Non-GAAP Operating Income $634M $635M Non-GAAP Operating Margin 17.4% 17.3% Operating Cash Flow $880M Non-GAAP Free Cash Flow $616M 18 FY26 Financial Summary (2) (3) (3) (3) (1) (1) Midpoint of Guidance. Implied Non-GAAP Operating Margin. (2) Subscription ARR is a key business metric that refers to the annualized recurring contract value of all active, non-cancelable customer subscription agreements with subscription terms of any length at the end of the quarter, plus on-demand billings for the quarter multiplied by four. (3) See GAAP to Non-GAAP reconciliations for actuals in Appendix.
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure FY26 Revenue $1.44B $1.79B $1.62B $1.70B $1.97B $739M $961M $1.21B $1.47B $1.69B FY22 FY23 FY24 FY25 FY26 Product Revenue Subscription Services Revenue 16% Total Revenue 16% Product Revenue 15% Subscription Revenue FY26 YoY Growth $2.18B $2.83B $3.17B $3.66B $2.75B
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure FY26 Non-GAAP Gross Margins 20 68.2% 69.6% 72.4% 67.7% 68.4% 71.8% 72.8% 74.4% 76.5% 76.6% 69.4% 70.7% 73.2% 71.8% 72.1% FY22 FY23 FY24 FY25 FY26 Product Gross Margin Subscription Gross Margin Total Gross Margin (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure FY26 Non-GAAP Operating Income & Margin 21 $235M $457M $458M $559M $635M 10.8% 16.6% 16.2% 17.7% 17.3% FY22 FY23 FY24 FY25 FY26 Non-GAAP Operating Income Non-GAAP Operating Margin (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure FY26 Non-GAAP Operating Expenses 22 $140M $175M $195M $204M $226M $721M $801M $864M $918M $1.07B $418M $513M $556M $593M $714M 19.2% 18.6% 19.7% 18.7% 19.5% FY22 FY23 FY24 FY25 FY26 G&A S&M R&D Research & Development as a % of Revenue $430 $1.28B $1.49B $1.62B $1.72B $2.01B (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure FY26 Cash Flow & Free Cash Flow Margin 23 $308M $609M $483M $527M $616M $102M $158M $195M $227M $264M 14.1% 22.1% 17.0% 16.6% 16.8% FY22 FY23 FY24 FY25 FY26 Free Cash Flow CapEx Free Cash Flow Margin $410M $767M $678M $754M $880M (1) See GAAP to Non-GAAP reconciliations in Appendix. (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Guidance Revenue $990 to $1.01B Revenue YoY Growth 27% to 30% Non-GAAP Operating Income $125M to $135M Non-GAAP Operating Income YoY Growth Rate 51% to 63% 24 Q1FY27 Guidance (1) (1) (1) We have not reconciled guidance for non-GAAP operating income and non-GAAP operating income year-over-year growth rate to their most directly comparable GAAP measures because certain items that impact these measures are not within our control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort.
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Guidance Revenue $4.3B to $4.4B Revenue YoY Growth 17% to 20% Non-GAAP Operating Income $780M to $820M Non-GAAP Operating Income YoY Growth Rate 23% to 29% 25 FY27 Guidance (1) (1) (1) We have not reconciled guidance for non-GAAP operating income and non-GAAP operating income year-over-year growth rate to their most directly comparable GAAP measures because certain items that impact these measures are not within our control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort.
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Annual Financial Summary FY25 Results YoY Growth FY26 Results YoY Growth Total Revenue $3.17B 12% $3.66B 16% Product Revenue $1.70B 5% $1.97B 16% Subscription Revenue $1.47B 22% $1.69B 15% Non-GAAP Operating Income $559.4M 22% $634.6M 13% Non-GAAP Operating Margin 17.7% +150 bps 17.3% -40 bps Non-GAAP Total Gross Margin 71.8% -140 bps 72.1% +30 bps Non-GAAP Product Gross Margin 67.7% -470 bps 68.4% +70 bps Non-GAAP Subscription Gross Margin 76.5% +210 bps 76.6% +10 bps Cash Flow From Operations $753.6M 11% $880.1M 17% Cash Flow From Operations Margin 23.8% -10 bps 24% +20 bps Free Cash Flow $526.9M 9% $615.7M 17% Free Cash Flow Margin 16.6% -40 bps 16.8% +20 bps 26 (1) See GAAP to Non-GAAP reconciliations in Appendix. (1) (1) (1) (1) (1) (1) (1)
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Appendix 27
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Gross Profit & Margin (GAAP to Non-GAAP Reconciliation) 28
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Gross Profit & Margin (GAAP to Non-GAAP Reconciliation) 29
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Operating Expenses (GAAP to Non-GAAP Reconciliation) 30
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Operating Expenses (GAAP to Non-GAAP Reconciliation) 31
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Operating Income & Margin (GAAP to Non-GAAP Reconciliation) 32
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Free Cash Flow (GAAP to Non-GAAP Reconciliation) 33
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1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure