F5, INC.

Listed Company

FFIVCIK 0001048695NasdaqLarge AcceleratedComputer Communications EquipmentWashingtonFY ends Sep 30

Period

FY 2025

Revenue

$3.09B

Net Income

$692.38M

Total Assets

$6.32B

Equity

$3.59B

Shares Out

56.52M

Op. Cash Flow

$949.67M

Business

F5, INC. is a multicloud application delivery and security provider that optimizes and secures applications and APIs across on‑premises, cloud and edge environments. It sells packaged software (perpetual, subscription, usage‑based), SaaS and managed services, hardware systems, and global maintenance, consulting and support services. Its product families include BIG‑IP for legacy applications, NGINX for cloud‑native workloads, and Distributed Cloud Services for SaaS security and multicloud networking. F5 serves customers globally across Americas, EMEA and APAC through direct sales, partners, resellers and cloud marketplaces.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net revenues	3,088	2,816	2,813	2,696	2,603
Cost of net revenues	574	558	593	540	493
Gross profit	2,514	2,258	2,220	2,156	2,110
Sales and marketing	861	832	878	927	930
Research and development	540	490	540	543	513
General and administrative	322	269	263	275	274
Restructuring charges	25	9	65	8	0
Total	1,748	1,600	1,747	1,752	1,716
Income from operations	766	659	473	404	394
Other income, net	42	37	13	−18	−7
Income before income taxes	808	695	486	385	387
Provision for income taxes	116	129	91	63	56
Net income	692	567	395	322	331
Net income per share - basic (USD per share)	11.96	9.65	6.59	5.34	5.46
Weighted average shares - basic (shares)	58	59	60	60	61
Net income per share - diluted (USD per share)	11.8	9.55	6.55	5.27	5.34
Weighted average shares - diluted (shares)	59	59	60	61	62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	1,344	1,075	797	758	581
Accounts receivable, net of allowances of $2,877 and $4,585	414	389	455	470	341
Inventories	77	76	36	68	22
Other current assets	683	569	555	489	338
Total current assets	2,519	2,109	1,849	1,912	1,611
Property and equipment, net	157	151	170	168	191
Operating lease right-of-use assets	186	178	195	227	245
Long-term investments	16	9	5	10	133
Deferred tax assets	446	366	295	183	128
Goodwill	2,444	2,312	2,289	2,259	2,217
Other assets, net	552	488	445	516	473
Total assets	6,319	5,613	5,248	5,276	4,997
Accounts payable	84	68	63	113	62
Accrued liabilities	315	300	283	310	341
Deferred revenue	1,213	1,122	1,127	1,067	969
Total current liabilities	1,613	1,490	1,473	1,840	1,392
Deferred tax liabilities	2	7	5	3	2
Deferred revenue, long-term	786	676	649	624	521
Operating lease liabilities, long-term	231	216	240	272	297
Other long-term liabilities	96	95	83	68	75
Total long-term liabilities	1,115	994	975	967	1,246
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock, no par value; 10,000 shares authorized, no shares issued and outstanding	0	0	0	0	0
Common stock, no par value; 200,000 shares authorized, 57,684 and 58,094 shares issued and outstanding	42	6	24	91	192
Accumulated other comprehensive loss	−18	−21	−23	−26	−20
Retained earnings	3,568	3,144	2,799	2,404	2,188
Total shareholders equity	3,592	3,129	2,800	2,469	2,360
Total liabilities and shareholders equity	6,319	5,613	5,248	5,276	4,997

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Stock-based compensation	231	219	237	249	243
Depreciation and amortization	92	107	113	116	115
Non-cash operating lease costs	32	33	39	39	38
Deferred income taxes	−72	−69	−109	−40	−77
Impairment of assets	0	0	3	6	41
Other	6	−962,000	1	1	737,000
Accounts receivable	−28	64	17	−131	−46
Inventories	−851,000	−41	32	−46	6
Other current assets	−104	−14	−65	−145	−84
Other assets	−92	−92	17	−87	−111
Accounts payable and accrued liabilities	29	40	−63	19	23
Deferred revenue	200	23	82	191	216
Lease liabilities	−36	−45	−45	−52	−52
Net cash provided by operating activities	950	792	653	443	645
Purchases of investments	−6	−2	−2	−61	−472
Maturities of investments	548,000	6	111	260	197
Sales of investments	0	0	16	121	272
Acquisition of businesses, net of cash acquired	−171	−33	−35	−68	−411
Purchases of property and equipment	−43	−30	−54	−34	−31
Net cash (used in) provided by investing activities	−219	−59	36	218	−445
Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan	59	55	60	65	66
Payments for repurchase of common stock, including excise taxes	−502	−501	−350	−500	−500
Payments on term debt agreement	0	0	−350	−20	−20
Net cash used in financing activities	−465	−457	−653	−477	−468
Net increase in cash, cash equivalents and restricted cash	265	276	37	184	−268
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	3	1	2	−6	−74,000
Cash paid for taxes, net of refunds	206	182	192	110	99
Cash paid for amounts included in the measurement of operating lease liabilities	45	53	53	59	62
Cash paid for interest on long-term debt	0	0	3	8	5
Right-of-use assets obtained in exchange for lease obligations	48	13	11	21	13

Filings

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