FFIVF5, Inc.

Technology · Networking Equipment · Nasdaq

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

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The biggest changes in the 10-K filed 2025-11-25, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

+22.2% Big change FY to 2025-09-30 vs 2024-09-30

“The decrease in effective tax rate from fiscal year 2024 to 2025 is primarily due to the tax impact from stock-based compensation and tax reserves.”
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Cash from operations

+19.8% Big change FY to 2025-09-30 vs 2024-09-30

“Cash provided by operating activities for fiscal year 2025 increased from the prior year primarily due to growth of our business as reflected by increases in collections during fiscal 2025, partially offset by higher cash expenditure to support our business growth.”
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Operating margin

23.4% → 24.8% (+1.4 pts) Big change FY to 2025-09-30 vs 2024-09-30

“The increase in research and development expense for fiscal year 2025 was primarily due to an increase of $31.4 million in personnel costs.”
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Gross margin

80.2% → 81.4% (+1.2 pts) Big change FY to 2025-09-30 vs 2024-09-30

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Revenue

+9.7% FY to 2025-09-30 vs 2024-09-30

“Deferred revenues continued to increase in fiscal 2025 due to an increase in deferred subscription contracts, including SaaS and maintenance associated with licensed-based subscriptions, which includes sales as part of our Flexible Consumption Program.”
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“The increase of $235.8 million in net product revenues for fiscal year 2025 was due to an increase in revenues associated with systems and software of $168.2 million and $67.6 million, respectively.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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