CluenexEverpure P
Everpure scores average on business quality (5.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Everpure does
Everpure Inc provides data storage hardware and subscription services, making money primarily through enterprise contracts for its flash storage arrays. Enterprises pay to store and manage critical workloads with reduced power and footprint.
- What it does best
Everpure generates a gross margin of 69.7%, outperforming Dell's 19.8% by a wide margin. This high margin stems from proprietary software and flash management IP that competitors cannot easily copy.
- The main risk
An operating margin of just 5.3% leaves little cushion if enterprise IT spending stalls or input costs rise. High operating expenses eat up most of the gross profit, threatening earnings stability.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins are compressed at 5.3% despite a strong gross margin near 70%, weighed down by heavy operating overhead. Scale does not yet translate into strong operating earnings.
The moat relies on enterprise switching costs anchored in data storage platforms, sitting in the 62nd percentile for gross margin. Rivals struggle to replicate this integrated hardware-software stack quickly.
Revenue grew 15.6% to reach $4.3 billion, accelerating from prior years as enterprise adoption picks up. This top-line expansion beats historical pacing.
Debt is practically non-existent with a debt-to-equity ratio of 0.002 and $1.5 billion in cash, making interest coverage of 213x a non-issue. Free cash flow sits at $128 million, showing solid generation that keeps the balance sheet bulletproof.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
3 sold $6.4M outside pre-planned sales.
Our sealed record on P
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Everpure scores average on the Cluenex quality check (5.9 of 10), measured against its own industry. Profitability is weak, moat weak, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: 3 sold $6.4M outside pre-planned sales.
Nov 18, 2026.
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Cite this page: Cluenex, “Everpure (P)”, https://cluenex.com/stocks/p/, data as of Oct 10, 2026.