---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000905"
form_type: "8-K"
ticker: "NTNX"
cik: "0001618732"
company_name: "Nutanix, Inc."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:01:03.499054+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nutanix Q3 FY2023 ACV Billings +17% YoY, completes audit probe, files Q2 10-Q

## Summary
- Q3 ACV Billings $239.8M (+17% YoY); ARR $1.47B (+32%); Revenue $448.6M (+11%).
- Non-GAAP operating income $7.0M vs loss $5.8M; Free cash flow $42.5M vs ($20.1M).
- Audit committee found non-compliant evaluation software use over multi-year period.
- Cumulative $11M expense accrued; ongoing annual impact low-single-digit millions.
- Material weakness in internal controls identified; filed delinquent Q2 FY2023 10-Q.

## SEC filing metadata
- accession: 0001157523-23-000905
- form_type: 8-K
- ticker: NTNX
- cik: 0001618732
- company_name: Nutanix, Inc.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618732/000115752323000905/0001157523-23-000905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618732/000115752323000905/a53406069.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000905
- JSON: https://secwatch.observer/filing/0001157523-23-000905.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000905.txt

## Key facts
- Earnings Releases
  Nutanix, Inc. reported third quarter ended April 30, 2023 results: revenue $448.6 million.
  - Period: third quarter ended April 30, 2023
  - Revenue: $448.6 million
  - Result: reported results
  source text: cal 2023 Financial Summary Q3 FY’23 Q3 FY’22* Y/Y Change Annual Contract Value (ACV) 1 Billings $239.8 million $204.7 million 17% Annual Recurring Revenue (ARR) 2 $1.47 billion $1.11 billion 32% Average Contract Term 3 3.0 years 3.2 years (0.2) year Revenue 4 $448.6 million $403.7 million 11% GAAP Gross Margin 81.4% 80.2% 120 bps Non-GAAP Gross Margin 83.8% 83.3% 50 bps GAAP Operating Expenses $434.1 million $416.5 million 4% Non-GAAP Operating Expenses $369.1 million $342.1 million 8% GAAP Operating Loss $(68.9) million $(92.7) million $23.8 million Non-GAAP Operating Income (Loss) $7.0 million $(5.8) million $12.8 million GAAP Operating Margin (15.3)% (23.0)% 7.7% pts Non-GAAP Operating Margin 1.6% (1.4)% 3.0% pts Net Cash Provided by (Used in) Operating Activities $64.3 million $(3.2) million $67.5 million Free Cash Flow $42.5 million $(20.1) million $62.6 million * Q3 FY’22 results r
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618732/000115752323000905/0001157523-23-000905-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.