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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2021
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

Pay Versus Performance

 

In accordance with Item 402(v) of Regulation S-K, below is a comparison of compensation actually paid (“CAP”) and certain measures of financial performance. For further information concerning our compensation philosophy and how we align executive compensation with performance, refer to the “Executive Compensation – Compensation Discussion and Analysis” section.

 

                              Value of Initial Fixed $100 Investment Based On:        
Fiscal
Year
(a)
  SCT Total
for First
PEO(1)
(b)($)
  CAP for
First
PEO(2)
(c)($)
  SCT
Total for
Second
PEO(3)
(b)($)
  CAP for
Second
PEO(2)
(c)($)
    Avg. SCT
Total for
Non-PEO
NEOs(7)
(d)($)
  Avg.
CAP for
Non-PEO
NEOs(8)
(e)($)
    Total
Shareholder
Return(4)
(f)($)
  Peer Group
Total
Shareholder
Return(4)
(g)($)
  Net Income
(Loss)(5)
(in
thousands)
(h)($)
    Company
Selected
Measure:
Annual
Recurring
Revenue(6)(in
thousands)
(i)($)
2023   14,845,940   38,679,011   N/A   N/A     5,480,229   10,332,003     136   164   (254,560 )   1,561,981
2022   12,928,676   3,241,068   N/A   N/A     4,990,357   (2,231,182 )   68   129   (798,946 )   1,202,438
2021   37,808,805   30,852,801   181,250   (4,475,791 )   4,611,376   10,050,763     162   146   (1,035,589 )   878,733

(1) Total compensation as set forth in the “Executive Compensation – Executive Compensation Tables – Fiscal Year 2023 Summary Compensation Table” (“SCT”) above. Mr. Ramaswami has served as our Principal Executive Officer (“PEO”) since his hire on December 9, 2020 (“First PEO”).

(2) For each covered year, the values included in column (c) for the CAP to our PEO and in column (e) for the average CAP to our non-PEO named executive officers reflect the adjustments set forth below. CAP does not mean these amounts were earned or paid during the year. CAP is an amount derived from the starting point of total compensation as presented in the SCT under the methodology prescribed under the SEC’s rules, which is solely based on adjustments to equity award values. Nutanix does not maintain a pension plan and does not pay dividends on its common stock so no adjustments for these factors were necessary. There are no material differences between the assumptions used to compute the valuation of the equity awards for calculating the compensation actually paid from the assumptions used to compute the valuation of the equity awards as of the grant date.
(3) Mr. Dheeraj Pandey previously served as our CEO before retiring from Nutanix in December 2020. We have included Mr. Pandey in the table above in accordance with Item 402(v) of Regulation S-K. However, Mr. Pandey has been excluded from the tables and graphs below as we do not believe Mr. Pandey’s further inclusion is material to any conclusions that may be drawn from this analysis.
(4) Cumulative TSR represents the value of an initial fixed investment of $100 on July 31, 2020 in the company (column (f)) and the Nasdaq Computer Index (column (g)) for the fiscal years ended July 31, 2021, 2022, and 2023. The Nasdaq Computer Index is also used in the company’s performance graph in our Annual Report on Form 10-K.
(5) The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year in accordance with accounting principles generally accepted in the United States.
(6) Annual Recurring Revenue for any given period is defined as the sum of ACV for all non life-of-device contracts in effect as of the end of a specific period. For the purposes of this calculation, we assume that the contract term begins on the date a contract is booked, unless the terms of such contract prevent us from fulfilling our obligations until a later period, and irrespective of the periods in which we would recognize revenue for such contract. Annual Contract Value is defined as the total annualized value of a contract, excluding amounts related to professional services and hardware. The total annualized value for a contract is calculated by dividing the total value of the contract by the number of years in the term of such contract, using, where applicable, an assumed term of five years for contracts that do not have a specified term.
(7) The table below shows the adjustments made to the SCT totals (column (b) above) for our First PEO, Mr. Rajiv Ramaswami, to determine CAP (column (c) above).

 

    PEO   FY 2021
($)
  FY 2022
($)
  FY 2023
($)
    Summary Compensation Table - Total Compensation (column (b) for first PEO)   37,808,805   12,928,676   14,845,940
-   Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year   36,350,054   11,165,080   13,153,930
+   Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards and  Option Awards Granted in Fiscal Year   29,394,050   4,126,603   19,843,084
+   Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years     (5,948,177)   11,280,867
+   Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year     600,563   1,487,145
+   Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year     2,698,484   4,375,905
-   Fair Value as of Prior Fiscal Year-End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year      
=   Compensation Actually Paid (column (e))   30,852,801   3,241,068   38,679,011

 

 
(8) The table below shows the adjustments made to the average SCT totals for our non-PEO NEOs (column (d) above) to determine CAP (column (e) above).

 

    Average of non-PEO NEOs(1)   FY 2021
($)
  FY 2022
($)
  FY 2023
($)
    Summary Compensation Table - Total Compensation (column (d))   4,611,376   4,990,357   5,480,229
-   Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year   3,430,509   4,216,833   4,618,733
+   Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year   4,149,288   1,109,071   6,967,492
+   Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years   3,009,834   (2,041,987 ) 1,705,032
+   Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year   802,254   201,176   522,181
+   Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year   908,521   (439,620 ) 780,135
-   Fair Value as of Prior Fiscal Year-End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year     1,833,346   504,333
=   Compensation Actually Paid (column (e))   10,050,763   (2,231,182 ) 10,332,003

 

 

(1) Average of the total compensation as set forth in the “Executive Compensation – Executive Compensation Tables – Fiscal Year 2023 Summary Compensation Table” above for the applicable year for the named executive officers, other than our PEO, which are comprised of the following individuals: for fiscal year 2023, Ms. Sivaraman and Messrs. Sangster and Wall; for fiscal year 2022, Ms. Sivaraman and Messrs. Sangster, Wall, and Williams; and for fiscal year 2021, Messrs. Sangster, Wall, Williams, and Kaddaras.

   
Company Selected Measure Name Annual Recurring Revenue    
Named Executive Officers, Footnote [Text Block]

(1) Total compensation as set forth in the “Executive Compensation – Executive Compensation Tables – Fiscal Year 2023 Summary Compensation Table” (“SCT”) above. Mr. Ramaswami has served as our Principal Executive Officer (“PEO”) since his hire on December 9, 2020 (“First PEO”).

 

(1) Average of the total compensation as set forth in the “Executive Compensation – Executive Compensation Tables – Fiscal Year 2023 Summary Compensation Table” above for the applicable year for the named executive officers, other than our PEO, which are comprised of the following individuals: for fiscal year 2023, Ms. Sivaraman and Messrs. Sangster and Wall; for fiscal year 2022, Ms. Sivaraman and Messrs. Sangster, Wall, and Williams; and for fiscal year 2021, Messrs. Sangster, Wall, Williams, and Kaddaras.
   
Adjustment To PEO Compensation, Footnote [Text Block]

 

    PEO   FY 2021
($)
  FY 2022
($)
  FY 2023
($)
    Summary Compensation Table - Total Compensation (column (b) for first PEO)   37,808,805   12,928,676   14,845,940
-   Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year   36,350,054   11,165,080   13,153,930
+   Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards and  Option Awards Granted in Fiscal Year   29,394,050   4,126,603   19,843,084
+   Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years     (5,948,177)   11,280,867
+   Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year     600,563   1,487,145
+   Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year     2,698,484   4,375,905
-   Fair Value as of Prior Fiscal Year-End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year      
=   Compensation Actually Paid (column (e))   30,852,801   3,241,068   38,679,011
   
Non-PEO NEO Average Total Compensation Amount $ 5,480,229 $ 4,990,357 $ 4,611,376
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,332,003 (2,231,182) 10,050,763
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

    Average of non-PEO NEOs(1)   FY 2021
($)
  FY 2022
($)
  FY 2023
($)
    Summary Compensation Table - Total Compensation (column (d))   4,611,376   4,990,357   5,480,229
-   Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year   3,430,509   4,216,833   4,618,733
+   Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year   4,149,288   1,109,071   6,967,492
+   Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years   3,009,834   (2,041,987 ) 1,705,032
+   Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year   802,254   201,176   522,181
+   Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year   908,521   (439,620 ) 780,135
-   Fair Value as of Prior Fiscal Year-End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year     1,833,346   504,333
=   Compensation Actually Paid (column (e))   10,050,763   (2,231,182 ) 10,332,003

 

 

(1) Average of the total compensation as set forth in the “Executive Compensation – Executive Compensation Tables – Fiscal Year 2023 Summary Compensation Table” above for the applicable year for the named executive officers, other than our PEO, which are comprised of the following individuals: for fiscal year 2023, Ms. Sivaraman and Messrs. Sangster and Wall; for fiscal year 2022, Ms. Sivaraman and Messrs. Sangster, Wall, and Williams; and for fiscal year 2021, Messrs. Sangster, Wall, Williams, and Kaddaras.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

 

Compensation Actually Paid vs. TSR

   
Compensation Actually Paid vs. Net Income [Text Block]

 

Compensation Actually Paid vs. Net Income

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

 

Compensation Actually Paid vs. ARR

   
Tabular List [Table Text Block]

Tabular List of Most Important Performance Measures

ARR (Annual Recurring Revenue)
Non-GAAP Operating Expenses (excluding commissions)
Relative Total Shareholder Return
Employee Engagement
   
Total Shareholder Return Amount $ 136 68 162
Peer Group Total Shareholder Return Amount 164 129 146
Net Income (Loss) Attributable to Parent $ (254,560,000) $ (798,946,000) $ (1,035,589,000)
Company Selected Measure Amount 1,561,981,000 1,202,438,000 878,733,000
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name ARR (Annual Recurring Revenue)    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Non-GAAP Operating Expenses (excluding commissions)    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Employee Engagement    
Non-PEO NEO [Member] | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 4,618,733 $ 4,216,833 $ 3,430,509
Non-PEO NEO [Member] | Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,967,492 1,109,071 4,149,288
Non-PEO NEO [Member] | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,705,032 (2,041,987) 3,009,834
Non-PEO NEO [Member] | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 522,181 201,176 802,254
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 780,135 (439,620) 908,521
Non-PEO NEO [Member] | Fair Value as of Prior Fiscal Year-End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 504,333 1,833,346
Mr. Rajiv Ramaswami      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount 14,845,940 12,928,676 37,808,805
PEO Actually Paid Compensation Amount 38,679,011 3,241,068 30,852,801
Mr. Rajiv Ramaswami | PEO [Member] | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 13,153,930 11,165,080 36,350,054
Mr. Rajiv Ramaswami | PEO [Member] | Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 19,843,084 4,126,603 29,394,050
Mr. Rajiv Ramaswami | PEO [Member] | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 11,280,867 (5,948,177)
Mr. Rajiv Ramaswami | PEO [Member] | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,487,145 600,563
Mr. Rajiv Ramaswami | PEO [Member] | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,375,905 2,698,484
Mr. Rajiv Ramaswami | PEO [Member] | Fair Value as of Prior Fiscal Year-End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
Second PEO      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount     181,250
PEO Actually Paid Compensation Amount     $ (4,475,791)
Mr. Rajiv Ramaswami | PEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Mr. Ramaswami Mr. Ramaswami Mr. Ramaswami
Ms Sivaraman | Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Ms. Sivaraman Ms. Sivaraman  
Mr. Sangster | Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Sangster Sangster Sangster
Mr. Wall | Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Wall Wall  
Mr. Williams | Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name   Williams Williams
Mr. Kaddaras | Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name     Kaddaras