NTNX · CIK 1618732
What Nutanix, Inc. told the SEC could break it.
Nutanix's disclosures center on the hardware its software runs on. Several key components in its NX-branded and certified OEM platforms come from a limited number of, in some cases single-source, suppliers bought through Supermicro on purchase orders with no long-term contracts, so a component delay could push out shipments and the software consumption that follows. That dependence sits inside a trade-policy overhang — evolving U.S. tariffs and reciprocal actions could disrupt the global hardware supply chains it relies on — and it carries meaningful international exposure, with about 44% of fiscal 2025 revenue from overseas customers and roughly 59% of employees abroad.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- tariffs / trade restrictions on hardware supply chainsmedium
Evolving US trade policy and tariff regimes (and reciprocal actions) could disrupt the global hardware supply chains and cross-border commerce that Nutanix's NX/OEM platforms depend on, alongside import/export-control and certification requirements.
“potential changes in trade relations arising from policy initiatives implemented by, or statements made by, the U.S. government, including evolving trade policies and tariff regimes that may impact global supply chains and cross-border commerce; the potential impact of tariffs or other trade restrictions imposed by, or threatened to be imposed by, the U.S. government, including newly introduced or adjusted tariffs under recent trade initiatives and reciprocal actions”
Sole-source dependency
- single-source suppliers for NX hardware componentsmedium
Several key components of Nutanix's NX-branded hardware platforms (and certified OEM platforms) come from a limited number of, in some cases single-source, suppliers purchased via Supermicro on a purchase-order basis with no long-term contracts; component delays/disruption could delay shipments and customer software consumption.
“There are a limited number of suppliers, and in some cases single-source suppliers, for several key components in our NX-branded hardware platforms as well as other hardware platforms that our software is certified to operate on (including hardware platforms from our OEM partners), and any delay or disruption in”
SEC filing →As of 2025
Other disclosures
- international-revenue exposure (44%)low
About 44% of Nutanix's revenue came from international customers in fiscal 2025 (with ~59% of employees abroad), exposing it to FX, FCPA/sanctions/export-control compliance, foreign legal/certification requirements and geopolitical risk.
“We derived approximately 44%, 45% and 44% of our total revenue from our international customers based on bill-to location for fiscal 2023, 2024, and 2025, respectively. ... As of July 31, 2025, approximately 59% of our full-time employees were located outside of the United States.”
SEC filing →As of 2025
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
Super Micro Computer, Inc. (Supermicro)
“We rely on a limited number of suppliers, and in some cases single-source suppliers, for several key hardware components of the Nutanix-branded NX series hardware platforms. These components are generally purchased on a purchase order basis through Supermicro, and we do not have long-term supply contracts with these suppliers.”
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