10-Q quarterly report · filed Nov 20, 2025

Palo Alto Networks (PANW) Q4 2025 10-Q Quarterly Report

Short answer

Palo Alto Networks (PANW) filed its Q4 2025 10-Q quarterly report on Nov 20, 2025 for the quarter ended Oct 31, 2025. Quarterly revenue was $2.5B (up 15.7% year over year) with net income of $334M.

Q4 2025 key financials · XBRL

Revenue
$2.5B
+15.7% YoY
Net income
$334M
−4.8% YoY
Operating margin
12.5%
Gross margin
74.2%
EPS (diluted)
$0.47
−52.5% YoY

Source: XBRL data from the Palo Alto Networks (PANW) Q4 2025 10-Q on SEC EDGAR. USD.

Palo Alto Networks Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • CyberArk acquisition risks newly highlighted, triggered by the pending acquisition and anticipated expansion in business scope and competition
  • Channel concentration risk: three distributors represented 42% of revenue and 45% of gross accounts receivable
  • Regulatory exposure: Russia sanctions and export controls create potential liability for noncompliance
  • Subscription-renewal risk: subscriptions and support comprised 82.5% of revenue, with contracts typically recognized over one to five years
  • Growth execution risk: headcount increased from 16,068 to 16,413 employees between fiscal 2025 year-end and fiscal 2026 first quarter

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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