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Screener / SEC EDGAR /CIK 0001048695 /10-K filed Nov 25, 2025, compared with Nov 18, 2024 /Numbers from the XBRL of the 10-Ks
Technology peers:
SWKSLITETRMBPTCFFIVMPWR
Nasdaq Technology · Networking Equipment

F5, Inc. FFIV

FFIV quote by TradingView

F5 is a multicloud application delivery and security provider committed to bringing a better digital world to life. 10-K, Item 1

Employees
6,578
Headquarters
Seattle, WA
CEO
Francois Locoh-Donou
Next results
around Jan 26, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $3.1B through the costs to a net profit of $692.4M · income statement of the 10-K

25% operating margin
Revenue to Gross profit: $2.5BRevenue to Cost of revenue: $574.0MGross profit to Operating profit: $765.9MGross profit to Operating expenses: $1.7BOperating profit to Net profit: $650.0MOperating profit to Tax: $116.0MOther income to Net profit: $42.4MOperating expenses to R&D: $539.8MOperating expenses to Sales, admin & other: $1.2B Revenue: $3.1B REVENUE $3.1B +10% Y/Y Gross profit: $2.5B · 81% margin GROSS PROFIT $2.5B 81% margin · +11% Y/Y Cost of revenue: $574.0M · 19% of revenue COST OF REVENUE $574.0M 19% of revenue Operating profit: $765.9M · 25% margin OPERATING PROFIT $765.9M 25% margin · +16% Y/Y Other income: $42.4M · 1% of revenue OTHER INCOME $42.4M 1% of revenue Operating expenses: $1.7B · 57% of revenue OPERATING EXPENSES $1.7B 57% of revenue Net profit: $692.4M · 22% margin NET PROFIT $692.4M 22% margin · +22% Y/Y Tax: $116.0M · 4% of revenue TAX $116.0M 4% of revenue R&D: $539.8M · 17% of revenue R&D $539.8M 17% of revenue Sales, admin & other: $1.2B · 39% of revenue SALES, ADMIN & OTHER $1.2B 39% of revenue
Gross profit $2.5B 81% margin · +11% Y/Y
Operating profit $765.9M 25% margin · +16% Y/Y
Net profit $692.4M 22% margin · +22% Y/Y
The full income statement, year by year

FFIV among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 9.7%, above 34% of 74 peers (their median 14.1%) REVENUE GROWTH 9.7% · above 34% Gross margin: 81.9%, above 91% of 67 peers (their median 56.4%) GROSS MARGIN 81.9% · above 91% Operating margin: 24.5%, above 54% of 70 peers (their median 22.2%) OPERATING MARGIN 24.5% · above 54% Net margin: 22.0%, above 58% of 74 peers (their median 18.9%) NET MARGIN 22.0% · above 58% FCF margin: 29.3%, above 66% of 70 peers (their median 22.3%) FCF MARGIN 29.3% · above 66% Return on capital: 17.0%, above 70% of 61 peers (their median 12.6%) RETURN ON CAPITAL 17.0% · above 70%
FFIV Peer median Below the median

What changed

7 new risk paragraphs. 10-K filed Nov 25, 2025 against Nov 18, 2024.

Risk factors
7 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +6.5% vs revenue +9.7% (-3.1 pts)
  • Cash from operations $949.7M vs net income $692.4M (FY ending Sep 30, 2025)
  • Inventory +1.1% vs revenue +9.7% (-8.5 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition for Certain Products and Services
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Nov 18, 2024. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Nov 18, 2024 10-K, ITEM 1A
    The Cyber Incident has had and may continue to have an adverse effect on our business, reputation, customer, employee and partner relations, results of operations, financial condition and cash flows The Cyber Incident may harm our reputation, our customers, employee and partner relations and our operations and business. Customers may in…
  2. Item 1A · new paragraph · not in the 10-K filed Nov 18, 2024 10-K, ITEM 1A
    Our industry is characterized by the existence of a large number of patents and frequent claims and related litigation regarding patent and other intellectual property rights. In the ordinary course of our business, we are involved in disputes and

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$2.7B$2.8B$2.8B$3.1B
Net income$322.2M$394.9M$566.8M$692.4M
Operating cash flow$442.6M$653.4M$792.4M$949.7M
Free cash flow$409.0M$599.2M$762.0M$906.4M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$3.1B ▲ 9.7% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

F5, Inc., Seattle, WA · from the 10-K filed Nov 25, 2025

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.

Headquarters
Seattle, WA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
September 30
Last results
Oct 27, 2026
Incorporated in
WA

Employees, at the top of the page: "As of September 30, 2025, we had 6,578 employees - over 99% of whom were full-time employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Nov 25, 2025 (open at SEC), compared with the 10-K filed Nov 18, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/FFIV/export.csv") into a cell.