Short answer
F5, Inc. (FFIV) filed its fiscal 2025 10-K annual report with the SEC on Nov 25, 2025. It reported revenue of $3.1B (+9.7% year over year) and net income of $692M.
- Top risk flagged: Tax liabilities $99.3M uncertain tax positions with unknown timing of future cash outflows
FY2025 key financial metrics · XBRL
- Revenue
- $3.1B
- +9.7% YoY
- Net income
- $692M
- +22.2% YoY
- Operating margin
- 24.8%
- +1.4 pp YoY
- Gross margin
- 81.4%
- +1.2 pp YoY
- EPS (diluted)
- $11.80
- +23.6% YoY
- ROE
- 19.3%
- +1.2 pp YoY
- Operating cash flow
- $950M
- +19.8% YoY
Source: XBRL data from the F5, Inc. (FFIV) FY2025 10-K on SEC EDGAR. USD.
F5, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Provides application delivery, security, and multi-cloud services and solutions
- No new products, services, or segments introduced or emphasized in this filing year
- No noted strategic shift or change in competitive positioning compared to prior year
- No quantitative metrics disclosed or updated in this business section
- Business section largely consists of incorporated references to Proxy Statement and prior filings, no standalone business description
Management Discussion & Analysis
- Revenue $3.09B, up 9.7% YoY; products $1.51B (+18.5%), services $1.58B (+2.3%)
- Gross margin 81.4% vs 80.2%; product margin 22.4% vs 26.4%, service margin 14.9% vs 14.3%
- Best performing segment: Systems revenue $705.6M, up 31.3%; Worst: SaaS & managed services $175.6M, down 9.0%
- Operating cash flow $949.7M, up $157.3M; capital expenditures $43.3M; acquisitions $171.1M; stock repurchases $502.1M
- Management forecasts no material impact from new tax laws; monitors risks around tax provisions and international regulations
Risk Factors
- Tax liabilities $99.3M uncertain tax positions with unknown timing of future cash outflows
- Purchase commitment $10M annual component inventory, $40M total over 4 years with supplier through 2026
- $171.1M cash used for acquisitions in fiscal 2025, up from $32.9M in fiscal 2024 impacting cash flow
- No borrowings under expired $350M Revolving Credit Facility as of Jan 31, 2025, potential liquidity constraint
- $502.1M cash used for stock repurchases and excise taxes in fiscal 2025, consistent with prior year
Generated from the filing text; verify against the original. How to read a 10-K
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