F5, INC. FFIV

Technology SIC 3576 - Computer Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Telephone Apparatus Manufacturing derived Nasdaq

F5 is a multicloud application delivery and security provider committed to bringing a better digital world to life. F5 partners with the world's largest, most advanced organizations to optimize and secure every application and Application Programming Interface ("API") anywhere, including on-premises, in the cloud, and at the network edge. F5 enables businesses to continuously stay ahead of threats while delivering exceptional, secure digital experiences for their customers.

Our application delivery and security solutions are available in a range of deployment and consumption models. We sell packaged software in perpetual, subscription, and usage-based consumption models. We also sell our solutions in software-as-a-service ("SaaS") and managed services deployment models with subscription and usage-based consumption models. In addition, we sell high-performance systems, or hardware, as well as a broad range of global services including maintenance, consulting, training and other technical support services.

Last close 455.42 2026-10-23
Market cap $25.79B 2026-06-30 share count
52-week range 223.76 - 483.30

Valuation FY2025 figures against the last close

P/S8.4x
P/E38.6x
P/FCF28.5x
EV/EBITDA30.0x
Dividend yield—
Diluted EPS11.80

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Apac
  • Other Americas
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.6B (52.8%) 53% United States Emea, FY2025: 827.2M (26.8%) 27% Emea Apac, FY2025: 536.8M (17.4%) 17% Apac Other Americas, FY2025: 92.9M (3.0%) FY2024 United States, FY2024: 1.5B (52.9%) 53% Emea, FY2024: 755.9M (26.8%) 27% Apac, FY2024: 478.9M (17.0%) 17% Other Americas, FY2024: 92.9M (3.3%) FY2023 United States, FY2023: 1.5B (52.9%) 53% Emea, FY2023: 741.6M (26.4%) 26% Apac, FY2023: 487.2M (17.3%) 17% Other Americas, FY2023: 97M (3.4%) 3%
Region FY2025FY2024FY2023
United States $1.63B $1.49B $1.49B
Emea $827.2M $755.9M $741.6M
Apac $536.8M $478.9M $487.2M
Other Americas $92.9M $92.9M $97.0M

As the company reported it, from the “Segment Information - Revenues by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.09B$2.82B$2.81B$2.70B$2.60B$2.35B$2.24B$2.16B$2.09B$2.00B
Cost of revenue $574.0M$557.6M$593.3M$539.6M$493.1M$407.9M$356.6M$361.5M$353.5M$337.2M
Gross profit $2.51B$2.26B$2.22B$2.16B$2.11B$1.94B$1.89B$1.80B$1.74B$1.66B
R&D $539.8M$490.1M$540.3M$543.4M$512.6M$441.3M$408.1M$366.1M$350.4M$334.2M
SG&A $322.3M$268.8M$263.4M$274.6M$273.6M$258.4M$210.7M$160.4M$156.9M$138.4M
Total operating expenses $1.75B$1.60B$1.75B$1.75B$1.72B$1.55B$1.37B$1.21B$1.17B$1.11B
Operating income $765.9M$658.6M$472.6M$403.8M$394.0M$392.3M$518.5M$590.9M$564.0M$547.4M
Pre-tax income $808.3M$695.5M$486.0M$385.4M$386.9M$396.4M$541.1M$603.8M$575.5M$549.9M
Income tax $116.0M$128.7M$91.0M$63.2M$55.7M$89.0M$113.4M$150.1M$154.8M$184.0M
Net income $692.4M$566.8M$394.9M$322.2M$331.2M$307.4M$427.7M$453.7M$420.8M$365.9M
EPS, basic 11.969.656.595.345.465.057.127.416.565.43
EPS, diluted 11.809.556.555.275.345.017.087.326.505.38
Shares, diluted (wtd. avg.) 58.7M59.4M60.3M61.1M62.1M61.4M60.5M62.0M64.8M68.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.34B$1.07B$800.8M$762.2M$584.3M$852.8M$602.3M$425.9M$674.5M$515.7M
Short-term investments $0$0$6.2M$126.6M$329.6M$360.3M$373.1M$614.7M$343.7M$367.8M
Receivables $414.4M$389.0M$454.8M$470.0M$340.5M$296.2M$322.0M$295.4M$291.9M$268.2M
Inventory $77.2M$76.4M$35.9M$68.4M$22.1M$27.9M$34.4M$30.6M$29.8M$34.1M
Total current assets $2.52B$2.11B$1.85B$1.91B$1.61B$1.79B$1.51B$1.42B$1.41B$1.29B
Property, plant and equipment $156.9M$150.9M$170.4M$168.2M$191.2M$229.2M$223.4M$145.0M$122.4M$123.2M
Goodwill $2.44B$2.31B$2.29B$2.26B$2.22B$1.86B$1.07B$556.0M$556.0M$556.0M
Other intangibles $96.3M$111.6M$151.0M$200.3M$237.2M$225.9M$108.9M$31.3M$42.6M$50.5M
Total assets $6.32B$5.61B$5.25B$5.28B$5.00B$4.68B$3.39B$2.61B$2.48B$2.31B
Accounts payable $84.0M$67.9M$63.3M$113.2M$62.1M$64.5M$62.6M$57.8M$50.8M$34.1M
Short-term debt ——$0$349.8M$19.3M$19.3M$0———
Total current liabilities $1.61B$1.49B$1.47B$1.84B$1.39B$1.29B$1.11B$954.4M$934.5M$844.2M
Long-term debt ———$0$349.8M$369.0M$0———
Total liabilities ——————$1.63B———
Retained earnings $3.57B$3.14B$2.80B$2.40B$2.19B$1.95B$1.64B$1.29B$1.23B$1.19B
Total equity $3.59B$3.13B$2.80B$2.47B$2.36B$2.23B$1.76B$1.29B$1.23B$1.19B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $949.7M$792.4M$653.4M$442.6M$645.2M$660.9M$747.8M$761.1M$740.3M$711.5M
Depreciation and amortisation $92.4M$107.0M$112.7M$115.6M$115.4M$95.9M$68.5M$59.5M$61.1M$56.8M
Stock-based compensation $231.5M$219.1M$236.7M$249.2M$243.3M$201.9M$162.9M$157.9M$175.3M$156.8M
Capital expenditure $43.3M$30.4M$54.2M$33.6M$30.7M$59.9M$103.5M$53.5M$38.7M$63.5M
Investing cash flow -$219.5M-$59.2M$36.4M$218.1M-$445.3M-$747.0M-$414.6M-$456.0M-$32.2M$62.7M
Financing cash flow -$464.8M-$457.0M-$653.3M-$476.5M-$468.3M$337.2M-$155.4M-$551.3M-$546.0M-$652.6M
Buybacks $502.1M$500.6M$350.0M$500.0M$500.0M$100.0M$201.0M$600.1M$600.1M$700.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001048695-25-000157.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 2B Gross profit, FY2016: 1.7B Net income, FY2016: 365.9M Revenue, FY2017: 2.1B Gross profit, FY2017: 1.7B Net income, FY2017: 420.8M Revenue, FY2018: 2.2B Gross profit, FY2018: 1.8B Net income, FY2018: 453.7M Revenue, FY2019: 2.2B Gross profit, FY2019: 1.9B Net income, FY2019: 427.7M Revenue, FY2020: 2.4B Gross profit, FY2020: 1.9B Net income, FY2020: 307.4M Revenue, FY2021: 2.6B Gross profit, FY2021: 2.1B Net income, FY2021: 331.2M Revenue, FY2022: 2.7B Gross profit, FY2022: 2.2B Net income, FY2022: 322.2M Revenue, FY2023: 2.8B Gross profit, FY2023: 2.2B Net income, FY2023: 394.9M Revenue, FY2024: 2.8B Gross profit, FY2024: 2.3B Net income, FY2024: 566.8M Revenue, FY2025: 3.1B Gross profit, FY2025: 2.5B Net income, FY2025: 692.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.00B $2.09B $2.16B $2.24B $2.35B $2.60B $2.70B $2.81B $2.82B $3.09B
Gross profit $1.66B $1.74B $1.80B $1.89B $1.94B $2.11B $2.16B $2.22B $2.26B $2.51B
Net income $365.9M $420.8M $453.7M $427.7M $307.4M $331.2M $322.2M $394.9M $566.8M $692.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3576

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DGII DIGI INTERNATIONAL INC $2.84B 69.4x 1.5%
ATEN A10 Networks, Inc. $1.85B 44.6x 11.0%
NTGR NETGEAR, INC. $610.4M — 3.8%
LTRX LANTRONIX INC $268.6M — -1.6%
CIIT Tianci International, Inc. $18.2M — 7.7%