PANWPalo Alto Networks
Palo Alto Networks, Inc. is a global artificial intelligence (“AI”) cybersecurity provider and our vision is a world where each day is safer and more secure than the one before. 10-K, Item 1
- Headquarters
- Santa Clara, CA
- CEO
- Nikesh Arora
- Next results
- around Nov 18, 2026
What changed
10-K filed Sep 10, 2026 against Aug 29, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 49 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Critical audit matters changed | New this year: ACQUISITION OF CYBERARK SOFTWARE LTD. (“CYBERARK”) - VALUATION OF PLATFORM RENEWALS (“Description As disclosed in Notes 1 and 8 to the consolidated financial statements, on February 11, 2026, the Company completed the acquisition of CyberArk for total purchase consideration of $21.1 billion. The Company accounted for the acquisition as a business combination. In connection with this ”). No longer listed: VALUATION OF CONTINGENT CONSIDERATION LIABILITY IN CONNECTION WITH THE ACQUISITION OF IBM QRADAR ASSETS. Same as last year: REVENUE RECOGNITION | 10-K · XBRL |
| Accounting checks | 10 other checks clear, 1 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 0 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.
What's new, in their words
10-K filed Sep 10, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-08-29. Quoted as filed.
Our consumption- or usage-based offerings may expose us to customer usage optimization behavior that could create revenue volatility. A growing portion of our revenue is generated from offerings priced on a consumption or usage basis, including certain of our observability and AI-related offerings. Pricing on this basis may result in…
10-K, Item 1A
Accounting checks
latest 10-K10 of 11 clear 1 worth a look. Checks, not verdicts.
- !Critical audit matters changedNew this year: ACQUISITION OF CYBERARK SOFTWARE LTD. (“CYBERARK”) - VALUATION OF PLATFORM RENEWALS (“Description As disclosed in Notes 1 and 8 to the consolidated financial statements, on February 11, 2026, the Company completed the acquisition of CyberArk for total purchase consideration of $21.1 billion. The Company accounted for the acquisition as a business combination. In connection with this ”). No longer listed: VALUATION OF CONTINGENT CONSIDERATION LIABILITY IN CONNECTION WITH THE ACQUISITION OF IBM QRADAR ASSETS. Same as last year: REVENUE RECOGNITION
- ✓Receivables +22.4% vs revenue +24.5% (-2.1 pts)
- ✓Cash from operations $4.6B vs net income $307.0M (FY ending 2026-07-31)
- ✓Inventory +3.5% vs revenue +24.5% (-21.0 pts)
- ✓Same auditor in both 10-Ks: Ernst & Young 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
- ✓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 the last 30 days
All filings →Nothing new. The most recent filings:
- Sep 10, 202610-K Annual report (10-K) period ended Jul 31, 2026
- Sep 1, 20268-K Quarterly results 8-K item 2.02
- Aug 21, 20268-K Director or officer change, Bylaws or fiscal year changed 8-K items 5.02, 5.03
- Jun 3, 202610-Q Quarterly report (10-Q) period ended Apr 30, 2026
Get an email when this changes: new risk paragraphs, accounting items, insider purchases, a new 10-K or 10-Q.
RSS feed
Work on PANW in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PANW/export.csv") into a cell.