FFIV · F5, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $811.70M | $822.47M | $780.37M | $731.12M | $766.49M | $695.50M | $681.35M | $692.60M | $702.64M | $703.17M |
| Cost of Revenue | $150.90M | $151.78M | $148.63M | $140.96M | $140.51M | $136.43M | $141.11M | $136.39M | $141.68M | $155.65M |
| Gross Profit | $660.80M | $670.68M | $631.74M | $590.16M | $625.98M | $559.07M | $540.24M | $556.21M | $560.96M | $547.52M |
| R&D | $151.04M | $141.16M | $136.34M | $136.56M | $130.52M | $124.39M | $122.21M | $119.58M | $128.76M | $141.36M |
| SG&A | $91.65M | $90.60M | $78.65M | $76.64M | $73.02M | $65.95M | $67.18M | $64.72M | $64.78M | $67.04M |
| Total Operating Expenses | $481.78M | $456.49M | $435.43M | $431.27M | $420.90M | $395.98M | $400.28M | $391.69M | $457.39M | $441.48M |
| D&A | - | $24.61M | - | - | $22.67M | - | - | $29.27M | - | - |
| Operating Income | $179.02M | $214.19M | $196.32M | $158.90M | $205.08M | $163.09M | $139.96M | $164.52M | $103.57M | $106.05M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $41.46M | $42.87M | $23.11M | $25.67M | $42.60M | $27.54M | $26.91M | $36.02M | $17.49M | $27.35M |
| Net Income | $147.75M | $180.05M | $189.91M | $145.53M | $166.44M | $144.08M | $119.02M | $138.38M | $88.98M | $81.44M |
| EPS - Basic | $2.61 | $3.12 | $3.29 | $2.51 | $2.85 | $2.46 | $2.02 | $2.34 | $1.48 | $1.35 |
| EPS - Diluted | $2.58 | $3.10 | $3.25 | $2.48 | $2.82 | $2.44 | $2.00 | $2.32 | $1.48 | $1.34 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.44B | $1.20B | $1.34B | $1.26B | $1.15B | $1.07B | $902.68M | $822.57M | $797.16M | $734.54M |
| Accounts Receivable | $425.64M | $493.63M | $414.43M | $379.62M | $484.99M | $389.02M | $388.32M | $513.18M | $454.83M | $485.62M |
| Inventory | $90.30M | $79.89M | $77.23M | $67.88M | $73.24M | $76.38M | $69.76M | $35.84M | $35.87M | $50.74M |
| Accounts Payable | $79.52M | $60.66M | $83.97M | $43.61M | $53.61M | $67.89M | $57.70M | $60.08M | $63.31M | $69.95M |
| Current Assets | $2.70B | $2.52B | $2.52B | $2.34B | $2.34B | $2.11B | $1.95B | $1.96B | $1.85B | $1.83B |
| Total Assets | $6.50B | $6.29B | $6.32B | $5.91B | $5.90B | $5.61B | $5.38B | $5.35B | $5.25B | $5.22B |
| Current Liabilities | $1.68B | $1.62B | $1.61B | $1.52B | $1.59B | $1.49B | $1.50B | $1.52B | $1.47B | $1.53B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.65B | $3.54B | $3.59B | $3.31B | $3.24B | $3.13B | $2.93B | $2.86B | $2.80B | $2.73B |
| Retained Earnings | $3.62B | $3.55B | $3.57B | $3.30B | $3.25B | $3.14B | $2.94B | $2.86B | $2.80B | $2.56B |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $159.21M | - | - | $202.78M | - | - | $165.32M | - | - |
| Investing Cash Flow | - | ($10.56M) | - | - | ($9.97M) | - | - | ($7.13M) | - | - |
| Financing Cash Flow | - | ($293.02M) | - | - | ($114.68M) | - | - | ($134.97M) | - | - |
| CapEx | - | $9.72M | - | - | $8.07M | - | - | $9.05M | - | - |
| Free Cash Flow | - | $149.49M | - | - | $194.71M | - | - | $156.27M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 81.4% | 81.5% | 81.0% | 80.7% | 81.7% | 80.4% | 79.3% | 80.3% | 79.8% | 77.9% |
| Operating margin | 22.1% | 26.0% | 25.2% | 21.7% | 26.8% | 23.4% | 20.5% | 23.8% | 14.7% | 15.1% |
| EBITDA margin | - | 29.0% | - | - | 29.7% | - | - | 28.0% | - | - |
| Net margin | 18.2% | 21.9% | 24.3% | 19.9% | 21.7% | 20.7% | 17.5% | 20.0% | 12.7% | 11.6% |
| Free cash flow margin | - | 18.2% | - | - | 25.4% | - | - | 22.6% | - | - |
| FCF / Net income | - | 0.83 | - | - | 1.17 | - | - | 1.13 | - | - |
| R&D / Revenue | 18.6% | 17.2% | 17.5% | 18.7% | 17.0% | 17.9% | 17.9% | 17.3% | 18.3% | 20.1% |
| SG&A / Revenue | 11.3% | 11.0% | 10.1% | 10.5% | 9.5% | 9.5% | 9.9% | 9.3% | 9.2% | 9.5% |
| Effective tax rate | 21.9% | 19.2% | 10.8% | 15.0% | 20.4% | 16.0% | 18.4% | 20.7% | 16.4% | 25.1% |
| Return on assets | 2.3% | 2.9% | 3.0% | 2.5% | 2.8% | 2.6% | 2.2% | 2.6% | 1.7% | 1.6% |
| Return on equity | 4.0% | 5.1% | 5.3% | 4.4% | 5.1% | 4.6% | 4.1% | 4.8% | 3.2% | 3.0% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.61 | 1.55 | 1.56 | 1.53 | 1.48 | 1.42 | 1.30 | 1.29 | 1.26 | 1.20 |
| Quick ratio | 1.56 | 1.50 | 1.51 | 1.49 | 1.43 | 1.36 | 1.25 | 1.26 | 1.23 | 1.16 |
| Cash ratio | 0.86 | 0.74 | 0.83 | 0.83 | 0.72 | 0.72 | 0.60 | 0.54 | 0.54 | 0.48 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.78 | 1.78 | 1.76 | 1.78 | 1.82 | 1.79 | 1.84 | 1.87 | 1.87 | 1.92 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.13 | 0.12 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 |
| Inventory turnover | 1.67 | 1.90 | 1.92 | 2.08 | 1.92 | 1.79 | 2.02 | 3.81 | 3.95 | 3.07 |
| Days sales outstanding | 191d | 219d | 194d | 190d | 231d | 204d | 208d | 270d | 236d | 252d |
| Days inventory outstanding | 218d | 192d | 190d | 176d | 190d | 204d | 180d | 96d | 92d | 119d |
| Days payable outstanding | 192d | 146d | 206d | 113d | 139d | 182d | 149d | 161d | 163d | 164d |
| Cash conversion cycle | 217d | 265d | 177d | 252d | 282d | 227d | 239d | 206d | 166d | 207d |
| Valuation | ||||||||||
| P / E | 112.1x | 82.3x | 99.4x | 107.4x | 89.2x | 90.2x | 94.8x | 77.1x | 108.9x | 108.7x |
| P / B | 4.5x | 4.2x | 5.3x | 4.7x | 4.6x | 4.2x | 3.9x | 3.7x | 3.5x | 3.2x |
| P / S | 20.4x | 18.1x | 24.2x | 21.4x | 19.4x | 18.7x | 16.6x | 15.4x | 13.8x | 12.6x |
| EV / EBITDA | - | 57.1x | - | - | 60.2x | - | - | 50.9x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.0% | 7.3% | 12.2% | 7.3% | 10.7% | -1.0% | -3.1% | -1.1% | 4.2% | 10.9% |
| Revenue CAGR (3y) | 4.9% | 5.5% | 5.0% | 4.9% | 3.7% | 2.2% | 1.8% | 3.5% | 6.4% | 6.4% |
| Revenue CAGR (5y) | 4.7% | 5.7% | 6.0% | 4.6% | 6.1% | 5.1% | - | - | 5.3% | 5.7% |
| Gross profit growth (YoY) | 12.0% | 7.1% | 13.0% | 9.2% | 12.5% | -0.3% | -1.3% | 2.0% | 3.2% | 7.8% |
| Operating income growth (YoY) | 12.7% | 4.4% | 20.4% | 13.5% | 24.7% | 57.5% | 32.0% | 80.4% | -3.6% | 42.1% |
| Net income growth (YoY) | 1.5% | 8.2% | 31.8% | 22.3% | 20.3% | 61.9% | 46.2% | 91.1% | 7.2% | 44.8% |
| EPS growth (YoY) | 4.0% | 9.9% | 33.2% | 24.0% | 21.6% | 64.9% | 49.3% | 93.3% | 8.0% | 45.7% |
| EPS CAGR (3y) | 24.4% | 37.2% | 33.4% | 39.2% | 23.1% | 18.7% | 41.9% | 18.1% | 9.1% | 10.2% |
| EPS CAGR (5y) | 29.8% | 17.1% | 23.3% | 19.9% | 11.7% | 11.3% | 0.7% | 1.4% | -5.7% | -5.4% |
| FCF growth (YoY) | - | -23.2% | - | - | 24.6% | - | - | 8.1% | - | - |
| FCF CAGR (5y) | - | 2.4% | - | - | 9.9% | - | - | -2.4% | - | - |
| Book value growth (YoY) | 10.1% | 9.3% | 14.8% | 13.0% | 13.1% | 11.8% | 7.6% | 10.8% | 13.4% | 13.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Product / service
$3.09B totalService$1.58B · 51.1%
Product$1.51B · 48.9%
Geographic
$4.81B totalAmericas$1.72B · 35.8%
US$1.63B · 33.9%
EMEA$827.17M · 17.2%
Asia Pacific$536.84M · 11.2%
Other Americas$92.89M · 1.9%
Peer comparison
Same SIC group: Computer Communications Equipment
Comparing F5 against the 5 most active filers in the same SIC group.