NASDAQ : FFIV
F5, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 363.46 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 20.65B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
F5, Inc. (FFIV) reported revenue of 3.42B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.42B | 3.42B | 3.09B | 2.82B | 2.81B | 2.70B |
| Cost of Revenue | 615.58M | 615.58M | 573.98M | 557.65M | 593.31M | 539.63M |
| Gross Profit | 2.80B | 2.80B | 2.51B | 2.26B | 2.22B | 2.16B |
| Selling, General & Admin | 1.35B | 1.35B | 1.18B | 1.10B | 1.14B | 1.19B |
| Research & Development | 621.42M | 621.42M | 539.82M | 490.12M | 540.28M | 543.37M |
| Operating Expenses | 1.97B | 1.97B | 1.72B | 1.59B | 1.68B | 1.74B |
| Operating Income | 828.86M | 828.86M | 791.43M | 667.25M | 537.96M | 417.88M |
| Interest & Investment Income | 40.80M | 35.10M | 18.20M | 1.70M | ||
| Other Non Operating Income (Expenses) | 49.70M | 49.70M | 1.59M | 1.77M | -4.78M | -20.10M |
| EBT Excluding Unusual Items | 878.57M | 878.57M | 833.82M | 704.12M | 551.38M | 399.48M |
| Merger & Restructuring Charges | -7.46M | -7.46M | -25.48M | -8.65M | -65.39M | -7.91M |
| Asset Writedown | -6.17M | |||||
| Other Unusual Items | -3.19M | -3.19M | ||||
| Pretax Income | 867.92M | 867.92M | 808.34M | 695.47M | 485.99M | 385.39M |
| Income Tax Expense | 145.77M | 145.77M | 115.96M | 128.69M | 91.04M | 63.23M |
| Net Income | 722.15M | 722.15M | 692.38M | 566.78M | 394.95M | 322.16M |
| Net Income to Common | 722.15M | 722.15M | 692.38M | 566.78M | 394.95M | 322.16M |
| Shares Outstanding (Basic) | 56.96M | 56.96M | 57.90M | 58.72M | 59.91M | 60.27M |
| Shares Outstanding (Diluted) | 57.67M | 57.67M | 58.68M | 59.36M | 60.27M | 61.10M |
| EPS (Basic) | 12.68 | 12.68 | 11.96 | 9.65 | 6.59 | 5.34 |
| EPS (Diluted) | 12.52 | 12.52 | 11.80 | 9.55 | 6.55 | 5.27 |
| Free Cash Flow | 868.94M | 868.94M | 906.41M | 762.01M | 599.23M | 409.01M |
| Free Cash Flow Per Share | 15.07 | 15.07 | 15.45 | 12.84 | 9.94 | 6.69 |
| Gross Margin | 81.98% | 81.98% | 81.41% | 80.20% | 78.91% | 79.98% |
| Operating Margin | 24.26% | 24.26% | 25.63% | 23.69% | 19.12% | 15.50% |
| Profit Margin | 21.14% | 21.14% | 22.42% | 20.13% | 14.04% | 11.95% |
| Free Cash Flow Margin | 25.43% | 25.43% | 29.35% | 27.06% | 21.30% | 15.17% |
| EBITDA | 925.39M | 925.39M | 883.83M | 774.24M | 650.66M | 533.49M |
| EBITDA Margin | 27.08% | 27.08% | 28.62% | 27.49% | 23.13% | 19.79% |
| D&A For EBITDA | 96.53M | 96.53M | 92.40M | 106.99M | 112.70M | 115.61M |
| EBIT | 828.86M | 828.86M | 791.43M | 667.25M | 537.96M | 417.88M |
| EBIT Margin | 24.26% | 24.26% | 25.63% | 23.69% | 19.12% | 15.50% |
| Effective Tax Rate | 16.79% | 16.79% | 14.34% | 18.50% | 18.73% | 16.41% |
| Revenue as Reported | 3.42B | 3.42B | 3.09B | 2.82B | 2.81B | 2.70B |
| Advertising Expenses | 6.20M | 5.40M | 8.90M | 15.40M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.59B | 1.59B | 1.34B | 1.07B | 797.16M | 758.01M |
| Short-Term Investments | 6.16M | 126.55M | ||||
| Cash & Short-Term Investments | 1.59B | 1.59B | 1.34B | 1.07B | 803.32M | 884.57M |
| Receivables | 448.75M | 448.75M | 912.72M | 790.13M | 828.95M | 789.69M |
| Inventory | 261.92M | 261.92M | 77.23M | 76.38M | 35.87M | 68.36M |
| Prepaid Expenses | 86.35M | 93.47M | 84.51M | 57.34M | ||
| Other Current Assets | 844.40M | 844.40M | 98.13M | 74.90M | 96.12M | 112.27M |
| Total Current Assets | 3.15B | 3.15B | 2.52B | 2.11B | 1.85B | 1.91B |
| Property, Plant & Equipment | 386.38M | 386.38M | 342.55M | 329.12M | 365.89M | 395.66M |
| Long-Term Investments | 25.82M | 25.82M | 15.69M | 8.58M | 5.07M | 9.54M |
| Goodwill | 2.48B | 2.48B | 2.44B | 2.31B | 2.29B | 2.26B |
| Other Intangible Assets | 96.27M | 111.58M | 150.97M | 200.29M | ||
| Long-Term Accounts Receivable | 340.15M | 277.96M | 202.84M | 224.78M | ||
| Long-Term Deferred Tax Assets | 511.73M | 511.73M | 446.39M | 365.95M | 295.31M | 183.37M |
| Long-Term Deferred Charges | 39.53M | 33.58M | 35.26M | 42.56M | ||
| Other Long-Term Assets | 509.98M | 509.98M | 76.33M | 64.40M | 55.54M | 48.49M |
| Total Assets | 7.06B | 7.06B | 6.32B | 5.61B | 5.25B | 5.28B |
| Accounts Payable | 131.42M | 131.42M | 83.97M | 67.89M | 63.31M | 113.18M |
| Accrued Expenses | 420.88M | 420.88M | 240.29M | 221.05M | 206.97M | 226.08M |
| Current Portion of Long-Term Debt | 349.77M | |||||
| Current Portion of Leases | 31.04M | 33.78M | 41.42M | 42.52M | ||
| Current Income Taxes Payable | 44.05M | 45.25M | 34.50M | 41.22M | ||
| Current Unearned Revenue | 1.27B | 1.27B | 1.21B | 1.12B | 1.13B | 1.07B |
| Total Current Liabilities | 1.82B | 1.82B | 1.61B | 1.49B | 1.47B | 1.84B |
| Long-Term Leases | 212.45M | 212.45M | 230.75M | 215.78M | 239.56M | 272.38M |
| Long-Term Unearned Revenue | 939.16M | 939.16M | 786.01M | 676.28M | 648.54M | 624.40M |
| Long-Term Deferred Tax Liabilities | 2.50M | 2.50M | 1.92M | 7.18M | 4.64M | 2.78M |
| Other Long-Term Liabilities | 85.19M | 85.19M | 96.23M | 94.73M | 82.57M | 67.71M |
| Total Liabilities | 3.06B | 3.06B | 2.73B | 2.48B | 2.45B | 2.81B |
| Common Stock | 51.92M | 51.92M | 42.02M | 5.89M | 24.40M | 91.05M |
| Retained Earnings | 3.97B | 3.97B | 3.57B | 3.14B | 2.80B | 2.40B |
| Comprehensive Income & Other | -19.94M | -19.94M | -18.32M | -20.91M | -23.22M | -26.18M |
| Shareholders' Equity | 4.01B | 4.01B | 3.59B | 3.13B | 2.80B | 2.47B |
| Total Liabilities & Equity | 7.06B | 7.06B | 6.32B | 5.61B | 5.25B | 5.28B |
| Total Debt | 212.45M | 212.45M | 261.79M | 249.56M | 280.99M | 664.67M |
| Net Cash (Debt) | 1.38B | 1.38B | 1.08B | 825.04M | 522.34M | 219.90M |
| Net Cash Per Share | 23.90 | 23.90 | 18.45 | 13.90 | 8.67 | 3.60 |
| Filing Date Shares Outstanding | 56.81M | 56.81M | 58.09M | 58.61M | 59.71M | 60.37M |
| Total Common Shares Outstanding | 56.81M | 56.81M | 57.68M | 58.09M | 59.21M | 59.86M |
| Working Capital | 1.33B | 1.33B | 906.12M | 619.82M | 375.99M | 72.27M |
| Book Value Per Share | 70.50 | 70.50 | 62.27 | 53.87 | 47.30 | 41.25 |
| Tangible Book Value | 1.52B | 1.52B | 1.05B | 705.44M | 360.58M | 9.41M |
| Tangible Book Value Per Share | 26.80 | 26.80 | 18.23 | 12.14 | 6.09 | 0.16 |
| Machinery | 275.42M | 251.64M | 234.08M | 209.82M | ||
| Leasehold Improvements | 190.64M | 186.18M | 185.22M | 173.69M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 722.15M | 722.15M | 692.38M | 566.78M | 394.95M | 322.16M |
| Depreciation & Amortization | 96.53M | 96.53M | 92.40M | 106.99M | 112.70M | 115.61M |
| Asset Writedown & Restructuring Costs | 3.46M | 6.17M | ||||
| Stock-Based Compensation | 261.01M | 261.01M | 231.49M | 219.11M | 236.65M | 249.22M |
| Other Operating Activities | -34.90M | -34.90M | -35.06M | -36.44M | -68.62M | -242.00K |
| Change in Accounts Receivable | -36.43M | -36.43M | -28.41M | 63.95M | 16.70M | -130.60M |
| Change in Inventory | -160.29M | -160.29M | -851.00K | -40.50M | 32.49M | -46.31M |
| Change in Accounts Payable | 127.07M | 127.07M | 28.90M | 40.37M | -63.10M | 19.16M |
| Change in Unearned Revenue | 204.01M | 204.01M | 200.49M | 22.84M | 81.74M | 191.15M |
| Change in Other Net Operating Assets | -219.66M | -219.66M | -231.67M | -150.67M | -93.56M | -283.68M |
| Operating Cash Flow | 959.49M | 959.49M | 949.67M | 792.42M | 653.41M | 442.63M |
| Capital Expenditures | -90.55M | -90.55M | -43.26M | -30.41M | -54.18M | -33.62M |
| Cash Acquisitions | -47.62M | -47.62M | -171.06M | -32.94M | -35.05M | -67.91M |
| Investment in Securities | -5.77M | -5.77M | -5.17M | 4.14M | 125.63M | 319.65M |
| Investing Cash Flow | -143.94M | -143.94M | -219.49M | -59.21M | 36.39M | 218.12M |
| Long-Term Debt Repaid | -350.00M | -20.00M | ||||
| Net Debt Issued (Repaid) | -350.00M | -20.00M | ||||
| Issuance of Common Stock | 59.62M | 59.62M | 59.15M | 55.08M | 59.96M | 64.54M |
| Repurchase of Common Stock | -626.88M | -626.88M | -523.97M | -512.08M | -363.26M | -521.05M |
| Financing Cash Flow | -567.26M | -567.26M | -464.81M | -457.00M | -653.30M | -476.51M |
| Foreign Exchange Rate Adjustments | -1.95M | -1.95M | 2.67M | 1.30M | 2.12M | -6.37M |
| Net Cash Flow | 246.34M | 246.34M | 268.03M | 277.50M | 38.63M | 177.87M |
| Free Cash Flow | 868.94M | 868.94M | 906.41M | 762.01M | 599.23M | 409.01M |
| Free Cash Flow Margin | 25.43% | 25.43% | 29.35% | 27.06% | 21.30% | 15.17% |
| Free Cash Flow Per Share | 15.07 | 15.07 | 15.45 | 12.84 | 9.94 | 6.69 |
| Levered Free Cash Flow | 640.43M | 640.43M | 761.38M | 747.81M | 597.30M | 389.90M |
| Unlevered Free Cash Flow | 640.43M | 640.43M | 761.38M | 747.81M | 597.30M | 389.90M |
| Cash Interest Paid | 2.97M | 7.98M | ||||
| Cash Income Tax Paid | 205.72M | 181.63M | 191.57M | 110.04M | ||
| Change in Working Capital | -85.31M | -85.31M | -31.55M | -64.01M | -25.73M | -250.29M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.44B | 25.21B | 18.57B | 12.83B | 9.56B | 8.62B |
| Enterprise Value | 17.06B | 23.86B | 17.40B | 12.16B | 9.16B | 8.55B |
| Last Close Price | 324.55 | 445.18 | 323.19 | 220.20 | 161.14 | 144.73 |
| PE Ratio | 25.92 | 34.91 | 26.82 | 22.64 | 24.20 | 26.76 |
| Forward PE | 17.81 | 25.61 | 20.55 | 16.09 | 12.90 | 13.46 |
| PS Ratio | 5.40 | 7.38 | 6.01 | 4.56 | 3.40 | 3.20 |
| PB Ratio | 4.60 | 6.29 | 5.17 | 4.10 | 3.41 | 3.49 |
| P/TBV Ratio | 12.11 | 16.56 | 17.65 | 18.19 | 26.50 | 916.29 |
| P/FCF Ratio | 21.22 | 29.01 | 20.48 | 16.84 | 15.95 | 21.08 |
| P/OCF Ratio | 19.22 | 26.27 | 19.55 | 16.20 | 14.63 | 19.48 |
| PEG Ratio | 2.24 | 3.42 | 2.88 | 2.05 | 1.27 | 2.87 |
| EV/Sales Ratio | 4.99 | 6.98 | 5.63 | 4.32 | 3.25 | 3.17 |
| EV/EBITDA Ratio | 18.44 | 25.78 | 19.69 | 15.71 | 14.07 | 16.02 |
| EV/EBIT Ratio | 20.58 | 28.78 | 21.98 | 18.22 | 17.02 | 20.45 |
| EV/FCF Ratio | 19.63 | 27.45 | 19.20 | 15.96 | 15.28 | 20.89 |
| Debt / Equity Ratio | 0.05 | 0.05 | 0.07 | 0.08 | 0.10 | 0.27 |
| Debt / EBITDA Ratio | 0.21 | 0.21 | 0.28 | 0.30 | 0.39 | 1.10 |
| Debt / FCF Ratio | 0.24 | 0.24 | 0.29 | 0.33 | 0.47 | 1.62 |
| Net Debt / Equity Ratio | -0.34 | -0.34 | -0.30 | -0.26 | -0.19 | -0.09 |
| Net Debt / EBITDA Ratio | -1.49 | -1.49 | -1.23 | -1.07 | -0.80 | -0.41 |
| Net Debt / FCF Ratio | -1.59 | -1.59 | -1.19 | -1.08 | -0.87 | -0.54 |
| Asset Turnover | 0.51 | 0.51 | 0.52 | 0.52 | 0.54 | 0.53 |
| Inventory Turnover | 3.63 | 3.63 | 7.47 | 9.94 | 11.38 | 11.94 |
| Quick Ratio | 1.12 | 1.12 | 1.40 | 1.25 | 1.11 | 0.91 |
| Current Ratio | 1.73 | 1.73 | 1.56 | 1.42 | 1.25 | 1.04 |
| Return on Equity (ROE) | 19.01% | 19.01% | 20.60% | 19.12% | 14.99% | 13.34% |
| Return on Assets (ROA) | 7.74% | 7.74% | 8.29% | 7.68% | 6.39% | 5.08% |
| Return on Invested Capital (ROIC) | 26.89% | 26.85% | 28.17% | 23.73% | 19.31% | 15.83% |
| Return on Capital Employed (ROCE) | 15.80% | 15.80% | 16.80% | 16.20% | 14.20% | 12.20% |
| Earnings Yield | 3.86% | 2.86% | 3.73% | 4.42% | 4.13% | 3.74% |
| FCF Yield | 4.71% | 3.45% | 4.88% | 5.94% | 6.27% | 4.75% |
| Buyback Yield / Dilution | 1.73% | 1.73% | 1.14% | 1.51% | 1.35% | 1.55% |