FFIV on Nasdaq

F5, Inc.

Logo: [1], Non-free logo, via Wikipedia4

U.S. information technology company

F5, Inc. is an American technology company specializing in multicloud application delivery, API security, online fraud prevention, zero trust access, and enterprise AI workload security. While F5 originally developed hardware-based application delivery controller (ADC) load-balancing appliances, the company has transitioned to a software-led business model. Software subscriptions and cloud-delivered services now account for a major portion of its product revenue, driven by a corporate shift toward predictable, recurring subscription models.3 Its shares trade on Nasdaq under the symbol FFIV.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$3.1BRevenue, fiscal 20255
$692.4MNet income, fiscal 20255
1996Founded1

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  • TickerFFIV on Nasdaq1
  • Industrytechnology1
  • HeadquartersSeattle1
  • Websitewww.f5.com
  • Legal formpublic company1
  • Incorporated inWA6
  • Business address801 5Th Avenue, Seattle, Wa 981046
  • Filer categoryLarge accelerated filer6
F5 Tower - July 2017
Photo: SounderBruce, CC BY-SA 4.0, via Wikimedia Commons9

F5, Inc. is an American technology company specializing in multicloud application delivery, API security, online fraud prevention, zero trust access, and enterprise AI workload security.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

81.4%Gross margin5
24.8%Operating margin5
22.4%Net margin5
9.7%Revenue growth, 20255
19.3%Return on equity5
$906.4MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 51% of the revenue F5, Inc. broke down this way in fiscal 2025.

  1. Service$1.6B551%up 2% from 2024
  2. Product$1.5B549%up 19% from 2024
Products and services by year
Products and services202320242025
Service$1.5B$1.5B$1.6B
Product$1.3B$1.3B$1.5B

Regions

United States brought in 53% of the revenue F5, Inc. broke down this way in fiscal 2025.

  1. United States$1.6B553%up 10% from 2024
  2. EMEA$827.2M527%up 9% from 2024
  3. Asia Pacific$536.8M517%up 12% from 2024
  4. Other Americas$92.9M53%up 0% from 2024
Regions by year
Regions202320242025
United States$1.5B$1.5B$1.6B
EMEA$741.6M$755.9M$827.2M
Asia Pacific$487.2M$478.9M$536.8M
Other Americas$97.0M$92.9M$92.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue19¢$574.0M
  • Research and development17¢$539.8M
  • Other costs38¢$1.2B
  • Income tax4¢$116.0M
  • Profit22¢$692.4M

Out of $3.1B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending5¢$43.3M
  • Share buybacks53¢$502.1M
  • Kept or used elsewhere43¢$404.3M

Out of $949.7M of cash from operations.5

Financial statements

Revenue10111213145$3.1B in 2025+43% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $2.2B$2.2B20182019: $2.2B$2.2B2019+4%2020: $2.4B$2.4B2020+5%2021: $2.6B$2.6B2021+11%2022: $2.7B$2.7B2022+4%2023: $2.8B$2.8B2023+4%2024: $2.8B$2.8B2024+0%2025: $3.1B$3.1B2025+10%
Gross profit10111213145$2.5B in 2025+40% since 2018
0$1.0B$2.0B$3.0B2018: $1.8B$1.8B20182019: $1.9B$1.9B2019+5%2020: $1.9B$1.9B2020+3%2021: $2.1B$2.1B2021+9%2022: $2.2B$2.2B2022+2%2023: $2.2B$2.2B2023+3%2024: $2.3B$2.3B2024+2%2025: $2.5B$2.5B2025+11%
Operating income10111213145$765.9M in 2025+30% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $590.9M$590.9M20182019: $518.5M$518.5M2019−12%2020: $392.3M$392.3M2020−24%2021: $394.0M$394.0M2021+0%2022: $403.8M$403.8M2022+2%2023: $472.6M$472.6M2023+17%2024: $658.6M$658.6M2024+39%2025: $765.9M$765.9M2025+16%
Net income10111213145$692.4M in 2025+53% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $453.7M$453.7M20182019: $427.7M$427.7M2019−6%2020: $307.4M$307.4M2020−28%2021: $331.2M$331.2M2021+8%2022: $322.2M$322.2M2022−3%2023: $394.9M$394.9M2023+23%2024: $566.8M$566.8M2024+44%2025: $692.4M$692.4M2025+22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-09-302024-09-302023-09-30
Net revenues$3.1B$2.8B$2.8B
Cost of net revenues$574.0M$557.6M$593.3M
Gross profit$2.5B$2.3B$2.2B
Sales and marketing$860.5M$832.3M$878.2M
Research and development$539.8M$490.1M$540.3M
General and administrative$322.3M$268.8M$263.4M
Restructuring charges$25.5M$8.7M$65.4M
Total$1.7B$1.6B$1.7B
Income from operations$765.9M$658.6M$472.6M
Other income, net$42.4M$36.9M$13.4M
Income before income taxes$808.3M$695.5M$486.0M
Provision for income taxes$116.0M$128.7M$91.0M
Net income$692.4M$566.8M$394.9M
Net income per share - basic (USD per share)$11.96$9.65$6.59
Weighted average shares - basic (shares)57.9M shares58.7M shares59.9M shares
Net income per share - diluted (USD per share)$11.80$9.55$6.55
Weighted average shares - diluted (shares)58.7M shares59.4M shares60.3M shares

Compare F5, Inc. with another company

Corporate structure

F5, Inc. sits at the top of its group. 22 entities, 16 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of F5, Inc.

  • F5, Inc. Seattle
    • Nginx, Inc. Subsidiary · San Francisco, United States
    • Volterra Subsidiary · Santa Clara, United States
    • F5 Government Solutions LLC Subsidiary · Virginia, United States
    • F5 Networks (UK) Ltd Subsidiary · United Kingdom
    • F5 Networks Australia Pty Ltd. Subsidiary · Australia
    • F5 Networks Canada, Ltd. Subsidiary · Canada
    • F5 Networks China Subsidiary · China
    • F5 Networks GmbH (Germany) Subsidiary · Germany
    • F5 Networks Iberia S.L.U. (Spain) Subsidiary · Spain
    • F5 Networks India Private Limited Subsidiary · India
    • F5 Networks Innovation Private Limited (non-SEZ) Subsidiary · India
    • F5 Networks Innovation Private Limited (SEZ) Subsidiary · India
    • F5 Networks Mexico S de RL de CV Subsidiary · Mexico
    • F5 Networks Poland sp z.o.o. Subsidiary · Poland
    • F5 Networks SARL (France) Subsidiary · France
    • F5 Networks Singapore Pte Ltd Subsidiary · Singapore
    • F5 Networks, (Israel) Ltd. Subsidiary · Israel
    • F5 Networks, Japan G.K. Subsidiary · Japan
    • FCINCO Representacoes Do Brasil LTDA Subsidiary · Brazil
    • NGINX International Ltd. (Ireland) Subsidiary · Ireland
    • Shape Security, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What F5, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$228.5M5 Sep 30, 2025$206.9M5 Sep 30, 2024+10.5%
Furniture and fixtures$46.9M5 Sep 30, 2025$44.8M5 Sep 30, 2024+4.8%
Computer equipment and software$70.8M5 Sep 30, 2025$71.7M5 Sep 30, 2024−1.2%
Leasehold improvements$190.6M5 Sep 30, 2025$186.2M5 Sep 30, 2024+2.4%
Property and equipment, before depreciation$536.9M5 Sep 30, 2025$509.5M5 Sep 30, 2024+5.4%
Accumulated depreciation$379.9M5 Sep 30, 2025$358.6M5 Sep 30, 2024+6.0%
Property and equipment, net$156.9M5 Sep 30, 2025$150.9M5 Sep 30, 2024+4.0%
Operating-lease assets (leased space)$185.6M5 Sep 30, 2025$178.2M5 Sep 30, 2024+4.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.3B5 Sep 30, 2025$1.1B5 Sep 30, 2024+25.1%
Marketable securities, current$05 Sep 30, 2025$05 Sep 30, 2024
Marketable securities, non-current$014 Sep 30, 2024$014 Sep 30, 2023
Debt securities available for sale$437.3M14 Sep 30, 2024$398.8M14 Sep 30, 2023+9.7%
Equity securities at fair value$05 Sep 30, 2025$05 Sep 30, 2024
Long-term investments$15.7M5 Sep 30, 2025$8.6M5 Sep 30, 2024+82.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.4B5 Sep 30, 2025$2.3B5 Sep 30, 2024+5.7%
Finite-lived intangibles, gross$319.8M5 Sep 30, 2025$332.4M5 Sep 30, 2024−3.8%
Accumulated amortization$223.5M5 Sep 30, 2025$220.8M5 Sep 30, 2024+1.2%
Finite-lived intangibles, net$96.3M5 Sep 30, 2025$111.6M5 Sep 30, 2024−13.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$77.2M5 Sep 30, 2025$76.4M5 Sep 30, 2024+1.1%
Raw materials$50.3M5 Sep 30, 2025$48.5M5 Sep 30, 2024+3.8%
Finished goods$26.9M5 Sep 30, 2025$27.9M5 Sep 30, 2024−3.5%

Properties, in its own words

We lease our principal administrative, sales, marketing, research and development facilities, which are located in Seattle, Washington and consist of approximately 515,000 square feet. In May 2017, we entered into a lease agreement for the building in Seattle, Washington that now serves as our corporate headquarters. This lease will expire in 2033 with an option for renewal.

We believe that our existing properties are in good condition and suitable for the conduct of our business. We also lease additional office space for product development and sales and support personnel in the United States and internationally. We believe that our future growth can be accommodated by our current facilities or by leasing additional space if necessary.

The rest of Item 2

Corporate Functions

Customer Services and Technical Support

We believe that our ability to provide consistent, high-quality customer service and technical support is a key factor in attracting and retaining large enterprise and service provider customers. Accordingly, we offer a broad range of support services that includes technical support, hardware repair and replacement, software updates, online tools, consulting, and training services.

We provide these services directly to customers and also utilize a multi-tiered support model, leveraging the capabilities of our broad base of channel partners. Our technical support staff is strategically located in regional service centers to support our global customer base.

Product Development

We believe our future success depends on our ability to maintain technology leadership by continuing to innovate and to improve our products and by developing new products to meet the changing needs of our customers and partners. Our engineering organization uses standard processes for the development, documentation, and quality control of services, software, and systems that are designed to meet these goals. These processes include working with our business development and marketing teams, customers, and partners to identify technology innovation opportunities to better meet the evolving needs of our addressable markets. We have had dedicated teams focused on testing new disruptive innovations in technology, business models, or customer segments. We expect innovations resulting from the work of these teams will be complementary to our goal of delivering the broadest and most consistent portfolio of solutions across cloud and on-premises environments.

We rely on a combination of patent, copyright, trademark, and trade secret laws and restrictions on disclosure to protect our intellectual property rights. F5 holds various patents in the United States and internationally (with applications pending for various aspects of our technology). We file patent applications to protect our intellectual property and believe that the duration of our issued patents is sufficient when considering the expected lives of our products. Our future success depends in part on our ability to protect our proprietary rights to the technologies used in our principal products. Despite our efforts to protect our proprietary rights, unauthorized parties may attempt to copy aspects of our products or to obtain and use trade secrets or other information that we regard as proprietary. In addition, the laws of some foreign countries do not protect our proprietary rights as fully as the laws of the United States. Any issued patent may not preserve our proprietary position, and competitors or others may develop technologies similar to or superior to our technology.

In addition to our own proprietary software, we incorporate software licensed from several third-party sources into our products. These are generally term licenses which may renew annually and that generally provide for certain rights and licenses to support our customers post termination. While we may not be able to renew all of these licenses in the future, we believe that alternative technologies for these licenses are available both domestically and internationally.

Sales and Marketing

Our customers include a wide variety of large enterprise businesses, public sector institutions, governments, and service providers, including many among Fortune 1000 and Business Week Global 1000 companies. Our customers include businesses in technology, telecommunications, financial services, transportation, education, manufacturing, healthcare, and government. In fiscal year 2025, sales outside of the Americas represented 44.2% of our net revenues. Refer to Note 15 of our consolidated financial statements included in this Annual Report on Form 10-K for additional information regarding our revenues by geographic area.

Sales

Our sales teams sell our products and services directly to customers working closely with our channel partners including distributors, value-added resellers ("VARs"), managed service providers ("MSPs"), and systems integrators.

F5 sales teams. Our inside sales team generates and qualifies leads from marketing and helps manage accounts by serving as a liaison between the field and internal corporate resources. Our outside sales team works directly with partners and customers across the globe. Our field sales personnel are located in major cities across our three sales regions. Field sales personnel work closely with our channel partners to sell our products and services to their customers. We reward partners that identify new business and provide sales expertise for our portfolio of products and solutions through various incentive programs. Systems engineers, with deep technical domain expertise, support our regional sales account managers and channel partners providing pre-sale technical solution engineering and support, as needed.

Item 2 of the 10-K filed Nov 25, 2025.19

The story

F5, Inc. was originally established as "F5 Labs" in 1996. In June 1999, F5 went public through an initial public offering, listing on the NASDAQ stock exchange under the ticker symbol "FFIV."

F5's modern transition culminated in major expansions into application security and software services, supporting over 23,000 customers globally, including 48 of the Fortune 50 companies, who utilize the platform for hybrid multi-cloud application delivery, zero-trust network access, and API protection.

From Wikipedia’s article on F5, Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led F5, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (58)

Products and brands

  • computer network

Listed on Wikidata.1

F5 AI Security Platform

In June 2026, F5 introduced the F5 AI Security Platform, an enterprise security offering designed to govern, discover, test, and protect artificial intelligence applications, models, and autonomous software agents. The platform is built to operate across hybrid multi-cloud, on-premises, and air-gapped environments, targeting security challenges associated with agentic AI, such as prompt injection, data exfiltration, and excessive agent autonomy.

The platform's primary security capabilities are delivered through two components integrated into F5's portfolio:

F5 AI Red Team: An automated adversarial testing system that simulates attacks on AI applications to identify vulnerabilities, such as jailbreak vulnerabilities and model data poisoning, prior to production deployment.

F5 AI Guardrails: A real-time, inline semantic firewall that inspects user prompts and model-generated responses. It is designed to block injection attacks, filter out off-topic or toxic responses, and apply dynamic data loss prevention (DLP) parameters to prevent sensitive data leakage.

Read the full text

F5 Application Delivery and Security Platform (ADSP)

In 2025, F5 introduced the Application Delivery and Security Platform (ADSP), a unified offering that combines application delivery, API protection, and threat mitigation across hardware, software, and Software-as-a-Service (SaaS) environments. ADSP is designed to support hybrid and multicloud deployments and includes capabilities such as load balancing, web application firewalls, DDoS protection, and encrypted traffic inspection.

F5 BIG-IP

F5's BIG-IP product family comprises hardware, modularized software, and virtual appliances that run the F5 TMOS operating system. Depending on the appliance selected, one or more BIG-IP product modules can be added.

In 1997, the company introduced its flagship product, BIG-IP.

BIG-IP history

On September 7, 2004, F5 Networks released version 9.0 of the BIG-IP software in addition to appliances to run the software. Version 9.0 also marked the introduction of the company's TMOS architecture, with enhancements including:

The move from BSD to Linux to handle system management functions (disks, logging, bootup, console access, etc.)

The creation of a Traffic Management Microkernel (TMM) to directly talk to the networking hardware and handle all network activities.

F5 NGINX

Since the NGINX, Inc. acquisition in 2019, F5 has offered an enterprise offering of NGINX with advanced features, multiple support SLAs, and regular software updates.

F5 Distributed Cloud Services

During F5 Agility 2022, F5 announced a new product offering being built on the platforms of BIG-IP, Shape Security, and Volterra. The primary offering in this suite is the SaaS-based web application and API protection (WAAP). F5 Distributed Cloud Services enable organizations to deploy, secure, and manage their applications across various environments, including data centers, multi-cloud setups, and the network or enterprise edge.

From Wikipedia’s article on F5, Inc., shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • F5 Government Solutions LLC Virginia, U.S.A.8
  • F5 Networks (UK) Ltd United Kingdom8
  • F5 Networks Australia Pty Ltd. Australia8
  • F5 Networks Canada, Ltd. Canada8
  • F5 Networks China China8
  • F5 Networks GmbH (Germany) Germany8
  • F5 Networks Iberia S.L.U. (Spain) Spain8
  • F5 Networks India Private Limited India8
  • F5 Networks Innovation Private Limited (SEZ) India8
  • F5 Networks Innovation Private Limited (non-SEZ) India8
  • F5 Networks Mexico S de RL de CV Mexico8
  • F5 Networks Poland sp z.o.o. Poland8
  • F5 Networks SARL (France) France8
  • F5 Networks Singapore Pte Ltd Singapore8
  • F5 Networks, (Israel) Ltd. Israel8
  • F5 Networks, Japan G.K. Japan8
  • FCINCO Representacoes Do Brasil LTDA Brazil8
  • NGINX International Ltd. (Ireland) Ireland8
  • Shape Security, Inc. Delaware, U.S.A.8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. 2021Volterra became a subsidiary1
  2. 2019Nginx, Inc. became a subsidiary1

SurePath AI

In June 2026, F5 acquired Denver-based startup SurePath AI, a platform specializing in network-based artificial intelligence discovery and shadow AI detection. The acquisition's technology identifies corporate workforce usage of unauthorized AI tools and tracks agent behaviors at the network layer without requiring direct application integrations. The financial terms of the transaction were not disclosed.

CalypsoAI

In September 2025, F5 announced its intent to acquire CalypsoAI, a Dublin-based startup specializing in runtime AI security and adaptive guardrails, for approximately $180 million. CalypsoAI’s platform offers techniques such as red teaming, inference-layer defenses, and policy enforcement suited for generative and agentic AI workloads. On September 29, 2025, F5 completed its acquisition of CalypsoAI and introduced F5 AI Guardrails and F5 AI Red Team.

MantisNet, Inc.

In August 2025, F5 acquired MantisNet, Inc., a Reston-based provider of eBPF-powered, cloud-native network observability and real-time network intelligence. MantisNet’s agentless telemetry technology enables visibility into encrypted, ephemeral, and east–west traffic within containerized environments and 5G architectures without performance overhead, streamlining observability and security functions in cloud-native deployments.

Fletch, Inc.

In June 2025, F5 acquired Fletch, Inc., a San Francisco cybersecurity startup founded in 2020 that developed agentic AI tools for threat detection and alert prioritization. Fletch’s technology was designed to analyze large volumes of threat intelligence and reduce alert fatigue by surfacing relevant security signals in real time, aiding operator decision-making.

Read the full text

LeakSignal

In March 2025, F5, Inc. acquired LeakSignal, a cybersecurity company specializing in real-time data protection and governance for AI applications. The acquisition aimed to enhance the F5 Application Delivery and Security Platform (ADSP) with capabilities such as AI-driven data classification, policy enforcement, and compliance monitoring. LeakSignal had been recognized by the National Institute of Standards and Technology (NIST) for its innovations in securing data in transit.

Heyhack

In March 2024, F5 announced it had acquired Heyhack ApS, a Denmark-based security penetration SaaS company. The financial details of this acquisition were not disclosed. F5 announced Heyhack's automated security reconnaissance and penetration testing solution would be rolled into the F5 Distributed Cloud Services platform.

Wib Security, Inc.

In February 2024 at AppWorld, F5's application security conference in San Jose, California, F5 announced it had acquired Wib: an API security company based in Tel Aviv, Israel, focused on vulnerability detection and observability in application development. The financial details of the acquisition were not disclosed. As of February 2024, F5 was adding the Wib API intellectual property to the F5 Distributed Cloud Services product line.

Suborbital Software Systems, Inc.

In July 2023, Suborbital Software Systems, Inc., a technology startup that aimed to build cloud-native platforms on WebAssembly, announced it had been acquired by F5, Inc. The details of this acquisition were not disclosed due to the small nature of Suborbital's operations. The entire Suborbital product was deployed within the F5 Distributed Cloud Services line.

Lilac Cloud, Inc.

In January 2023, F5 announced it had entered into an agreement to purchase Lilac Cloud, an application services delivery provider. Lilac Cloud, based in Cupertino, California, served as F5's Content Delivery Network (CDN) provider for its Distributed Cloud Services. The entire Lilac Cloud offering was rolled into the overall F5 Distributed Cloud Services product line.

Threat Stack, Inc.

In October 2021, F5 acquired Threat Stack, Inc., a Boston cloud computing security startup company for a reported $68 million.[42] As of December 15, 2022, the previous Threat Stack offering had been rolled into the F5 Distributed Cloud platform.

Volterra, Inc.

In January 2021, F5 acquired Volterra, Inc., an edge networking company that sells SaaS security services, for $500 million.[40] The previously Volterra-branded products were incorporated into F5 Distributed Cloud Services, as of 2022.[41]

Shape Security, Inc.

In January 2020, F5 acquired Shape Security, Inc., an AI-based bot detection company, for $1 billion.[38] F5 Networks then used the acquisition to introduce a new fraud detection engine.[39]

NGINX, Inc.

In March 2019, F5 acquired NGINX, Inc., a company responsible for widely used open-source web server software, for $670 million.[33] On 18 January 2022, original NGINX developer Igor Sysoev left F5, Inc. Later on, forks maintaining open-source licenses such as Angie and freenginx started being developed by core NGINX contributor Maxim Dounin.[34][35] Igor Sysoev is not actively involved in these projects.[36][37]

Defense.Net, Inc.

In May 2014, F5, Inc. (then F5 Networks, Inc.) announced it had acquired Defense.Net, Inc., a company offering cloud-based DDoS mitigation services. The Defense.Net product would later become F5 Silverline. As of December 2022, the Silverline brand was retired, and the managed service offerings Silverline offered were merged into the F5 Distributed Cloud Services product portfolio.

LineRate Systems, Inc.

In February 2013, F5 Networks acquired LineRate Systems, a developer of software-defined networking (SDN) services, to enhance its application-layer intelligence within software-defined data centers. This acquisition provided F5 with access to LineRate's layer 7+ networking services technology, intellectual property, and engineering talent.

Acopia Networks, Inc.

In August 2007, F5, Inc., at the time, F5 Networks, Inc., announced they acquired Acopia Networks, Inc. to add file-area networking to the F5 BIG-IP application-delivery product line, also known as the Local Traffic Manager (LTM) module on the BIG-IP platforms. The deal was valued at $210 million.

Swan Labs Corporation

In September 2005, F5 announced they had acquired Swan Labs for a total of $43 million to incorporate WAN optimization and application acceleration technology into the BIG-IP platform, specifically to improve their load balancing offering.

Traffix Systems, Inc.

In 2005, F5 Networks, Inc. at the time, now F5, Inc., announced it has acquired Traffix Systems for a total value of $135 million. Traffix Systems product was integrated within the F5 BIG-IP Local Traffic Manager (LTM) product line.

MagniFire Websystems, Inc.

F5 acquired MagniFire Websystems in 2004 for a total cash deal size of $29 million. This acquisition allowed F5 to enter the web application security space within the BIG-IP platform. MagniFire Websystems products were sold independently when the deal first closed, then were quickly bundled into the BIG-IP product group.

uRoam, Inc.

F5 acquired uRoam, Inc. in 2003 for a total cash deal size of $25 million. The strategic intent behind F5 Networks' acquisition of uRoam was to diversify its product offerings beyond its core application delivery and security services. This move aimed to address the growing demand for secure remote access to corporate networks and applications, aligning with industry trends.

From Wikipedia’s article on F5, Inc., shared under CC BY-SA 4.0.7

Former names

  • F5 NETWORKS, INC.Jul 3, 2019 to Nov 12, 20216
  • F5 NETWORKS INCJun 3, 1999 to May 31, 20196

Timeline

  1. Jul 27, 20268-K Results of operations82
  2. Jun 23, 20268-K Executive or director change; Regulation FD disclosure83
  3. Apr 28, 20268-K Results of operations84
  4. Apr 28, 20268-K Executive or director change; Other events85
  5. Mar 13, 20268-K Executive or director change; Shareholder vote86
  6. Jan 27, 20268-K Results of operations87
  7. Oct 27, 20258-K Results of operations; Executive or director change88
  8. Oct 15, 20258-K Cybersecurity incident; Executive or director change; Regulation FD disclosure89
  9. Sep 11, 20258-K Regulation FD disclosure90
  10. Jul 30, 20258-K Results of operations; Executive or director change91
  11. Apr 28, 20258-K Results of operations; Executive or director change92
  12. Mar 17, 20258-K Shareholder vote93
  13. Apr 13, 2017New chief executive Francois Locoh-Donou becomes CEO20
  14. Aug 3, 2015New chief executive Manuel Felix Rivelo becomes CEO21
  15. 1996Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $3.41 a share, on Oct 27, 2025.94

When it reported results

  1. Jul 27, 2026Reported quarterly or annual results82
  2. Apr 28, 2026Reported quarterly or annual results84
  3. Jan 27, 2026Reported quarterly or annual results87
  4. Oct 27, 2025Reported quarterly or annual results88
  5. Jul 30, 2025Reported quarterly or annual results91
  6. Apr 28, 2025Reported quarterly or annual results92
  7. Jan 28, 2025Reported quarterly or annual results95
  8. Oct 28, 2024Reported quarterly or annual results96

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

747 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 476 insider forms, 29 large holders, 177 other. The latest 20:

  1. Sep 15, 20264 EDGAR
  2. Sep 15, 20264 EDGAR
  3. Sep 14, 2026144 EDGAR
  4. Sep 14, 2026144 EDGAR
  5. Sep 2, 20264 EDGAR
  6. Aug 12, 2026SCHEDULE 13G/A EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 6, 20264 EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Aug 5, 2026144 EDGAR
  11. Aug 5, 2026144 EDGAR
  12. Aug 4, 20264 EDGAR
  13. Aug 4, 20264 EDGAR
  14. Aug 4, 20264 EDGAR
  15. Aug 4, 20264 EDGAR
  16. Aug 4, 20264 EDGAR
  17. Aug 4, 20264 EDGAR
  18. Aug 4, 20264 EDGAR
  19. Aug 4, 20264 EDGAR
  20. Aug 4, 20264 EDGAR

The 747 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

222 open-market trades by officers, directors and large owners since October 2021: 0 buys and 222 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Maddison John AnthonyChief Product Mkting OfficerSale204$406.24$82.9KForm 4
Sep 14, 2026MONTOYA MICHAEL FChief Technology Ops OfficerSale4,426$410.16$1.8MForm 4
Aug 5, 2026FOUNTAIN THOMAS DEANEVP Global Services & StrategySale1,208$414.63$500.9KForm 4
Aug 5, 2026Locoh-Donou FrancoisPresident, CEO & DirectorSale3,782$412.44$1.6MForm 4
Aug 3, 2026OKEKE ANGELIQUE MEVP, General CounselSale515$404.49$208.3KForm 4
Aug 3, 2026Maddison John AnthonyChief Product Mkting OfficerSale1,000$405.85$405.9KForm 4
Aug 3, 2026Werner Edward CooperChief Financial OfficerSale599$405.92$243.1KForm 4
Aug 3, 2026ANAND KUNALChief Technology OfficerSale392$404.63$158.6KForm 4
Aug 3, 2026WHALEN CHAD MICHAELEVP, Worldwide SalesSale703$404.86$284.6KForm 4
Jul 30, 2026MEHTA NIKHIL RAMESHDirectorSale4,000$388.95$1.6MForm 4
Jun 10, 2026Buse ElizabethDirectorSale1,000$399.35$399.4KForm 4
Jun 2, 2026Werner Edward CooperChief Financial OfficerSale2,500$400.00$1.0MForm 4
May 8, 2026Werner Edward CooperChief Financial OfficerSale1,500$350.00$525.0KForm 4
May 8, 2026WHALEN CHAD MICHAELEVP, Worldwide SalesSale6,200$350.19$2.2MForm 4
May 5, 2026FOUNTAIN THOMAS DEANEVP Global Services & StrategySale1,328$330.58$439.0KForm 4
May 5, 2026Locoh-Donou FrancoisPresident, CEO & DirectorSale3,783$337.39$1.3MForm 4
May 4, 2026OKEKE ANGELIQUE MEVP, General CounselSale842$322.33$271.4KForm 4
May 4, 2026Maddison John AnthonyChief Product Mkting OfficerSale1,000$322.33$322.3KForm 4
May 4, 2026Werner Edward CooperChief Financial OfficerSale599$322.33$193.1KForm 4
May 4, 2026ANAND KUNALChief Technology OfficerSale3,123$322.33$1.0MForm 4

All 222 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025François Locoh-DonouPresident and Chief Executive Officer$962.0K$23.0M105
2025Tom FountainChief Operating Officer$582.0K$8.2M105
2025Chad WhalenChief Revenue Officer$519.0K$6.5M105
2025John MaddisonExecutive VP and Chief Marketing Officer$416.7K$5.3M105
2025Cooper WernerExecutive VP and Chief Financial Officer$500.0K$3.7M105
2025Frank PelzerFormer Executive VP and Chief Financial Officer$454.5K$2.9M105
2024François Locoh-DonouPresident and Chief Executive Officer$962.0K$18.0M105
2024Tom FountainChief Operating Officer$582.0K$6.2M105
2024Chad WhalenChief Revenue Officer$499.0K$5.8M105
2024Frank PelzerFormer Executive VP and Chief Financial Officer$562.0K$5.3M105
2023François Locoh-DonouPresident and Chief Executive Officer$962.0K$10.9M105
2023Tom FountainChief Operating Officer$582.0K$4.2M105
2023Chad WhalenChief Revenue Officer$499.0K$4.1M105
2023Frank PelzerFormer Executive VP and Chief Financial Officer$562.0K$3.4M105

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,278,577$2.6B0.0%+44,150
Vanguard Capital Management LLC3,687,295$1.5B0.0%+17,154
State Street Corp3,098,509$1.3B0.0%+119,480
Vanguard Portfolio Management LLC2,808,030$1.2B0.1%−167,564
Jericho Capital Asset Management L.P.2,118,749$881.3M7.3%−524,264
Hotchkis & Wiley Capital Management LLC2,061,574$857.5M2.5%−2,517,727
Geode Capital Management, LLC1,779,100$740.8M0.0%+36,630
First Trust Advisors LP1,540,207$640.7M0.4%+63,220
Invesco Ltd.1,385,078$576.1M0.0%−59,741
Aqr Capital Management LLC925,632$385.0M0.1%+243,260
Lyrical Asset Management LP921,848$383.5M4.9%−25,513
Jane Street Group, LLC885,451$368.3M0.2%+868,406
Morgan Stanley835,480$347.5M0.0%−20,427
Norges Bank834,521$347.1M0.0%New
Victory Capital Management Inc801,485$333.4M0.2%−220,056
Northern Trust Corp738,960$307.4M0.0%+3,126
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC726,844$302.3M0.1%+144,534
Ameriprise Financial Inc695,442$289.3M0.1%−86,093
Jpmorgan Chase & Co698,405$286.7M0.0%+126,743
Dimensional Fund Advisors LP637,365$265.1M0.0%+34,279
Robeco Institutional Asset Management B.V.591,088$245.9M0.3%+259,428
William Blair Investment Management, LLC586,271$243.9M0.7%−63,677
Amundi555,809$231.2M0.1%+272,273
Charles Schwab Investment Management Inc514,087$213.8M0.0%+5,032
Wellington Management Group Llp506,870$210.8M0.0%−310,796

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000+35.0%Report
Oct 22, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000−32.8%Report
Oct 21, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000+32.8%Report
Oct 21, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000−32.8%Report
Nov 30, 2022Dan SullivanRepublican, SenateSale$1,001 - $15,000−96.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How F5, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARF5, INC.2
  • CIK0001048695
  • Employer ID (EIN)91-171430719
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inWashington19
  • Fiscal year endsSeptember 302
  • Industry code (SIC)3576 Computer Communications Equipment2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address801 5Th Avenue, Seattle, WA 981042
  • Phone20627255552
  • Shares outstanding56,627,182 as of Aug 3, 202617
  • Public float$15.4B as of Mar 31, 202519
  • AuditorPricewaterhouseCoopers LLP, Seattle, Washington PCAOB ID 238; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceApr 7, 19992
  • Filings2,855 in all: 4 (1,993), 8-K (213), 144 (147), 10-Q (82), 3 (79), SC 13G/A (66), 4/A (35), S-8 (35)2
    All 39 form types

    10-K (27), DEF 14A (27), SC 13G (24), UPLOAD (19), CORRESP (18), DEFA14A (13), SD (13), 8-K/A (7), SCHEDULE 13G/A (7), SC 13D/A (6), 10-K/A (5), 10-Q/A (4), 5 (4), ARS (4), S-1/A (4), SC 13D (4), SCHEDULE 13G (3), 3/A (2), S-1 (2), 424B1 (1), 424B2 (1), 424B4 (1), 424B5 (1), 5/A (1), 8-A12G (1), IRANNOTICE (1), NT 10-Q (1), POS AM (1), PRE 14A (1), S-1MEF (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Nov 25, 2025
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Jan 26, 2026
    Latest 8-K (8-K) Jul 27, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, no par valueFFIVNASDAQ Global Select Market

From the cover page of the 10-K filed Nov 25, 2025 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks F5, Inc. names in Item 1A of its 10-K filed Nov 25, 2025: 36 risks under these headings, as written.19

  • Operational and Execution Risks
  • Strategic and Industry Risks
  • Legal and Regulatory Risks
  • Financial Risks
  • Risks Related to our Common Stock
  • General Risks
  • Security vulnerabilities or control failures in our IT infrastructure or multicloud application delivery and security products and services as well as unforeseen product errors could have a material adverse impact on our business, results of operations, financial condition and reputation
  • 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
  • We are dependent on various information technology systems, and failures of or interruptions to those systems could harm our business
  • Our success depends on our key personnel and our ability to hire, retain and motivate qualified executives, sales and marketing, operations, product development and professional services personnel
  • Cloud-based and SaaS computing trends present competitive and execution risks
  • Our success depends upon our ability to effectively plan and manage our resources and restructure our business
The other 31 risks
  • Our business may be harmed if our contract manufacturers are not able to provide us with adequate supplies of our products or if a single source of hardware assembly is lost or impaired
  • Our business could suffer if there are any interruptions or delays in the supply of hardware components from our third-party sources
  • It is difficult to predict our future operating results because we have an unpredictable sales cycle
  • We may not be able to sustain or develop new distribution relationships, and a reduction or delay in sales to significant distribution partners could hurt our business
  • Reliance on fulfillment at the end of the quarter could cause our revenue for the applicable period to fall below expected levels
  • Our operating results are exposed to risks associated with international commerce
  • The average selling price of our products may decrease and our costs may increase, which may negatively impact revenues and profits
  • Acquisitions present many risks and we may not realize the financial and strategic goals that are contemplated at the time of the transaction
  • Our success depends on our timely development of new software and systems products and features, market acceptance of new software and systems product offerings and proper management of the timing of the life cycle of our software and systems products
  • Our success depends on sales and continued innovation of our application delivery and security product lines
  • Issues related to the development and use of artificial intelligence ("AI") could give rise to legal and/or regulatory action, damage our reputation or otherwise materially harm our business
  • Our business could be adversely impacted by conditions affecting the markets in which we compete
  • Industry consolidation may result in increased competition
  • We may not be able to compete effectively in the application delivery and security market
  • Misuse of our products could harm our reputation
  • Our failure to adequately protect personal information could have a material adverse effect on our business
  • A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks
  • We face litigation risks
  • We may not be able to adequately protect our intellectual property, and our products may infringe on the intellectual property rights of third parties
  • We are subject to governmental export and import controls that could subject us to liability or impair our ability to compete in international markets
  • Changes in governmental regulations could negatively affect our revenues
  • We may have exposure to greater than anticipated tax liabilities
  • We are exposed to fluctuations in currency exchange rates, which could negatively affect our financial condition and results of operations
  • Changes in financial accounting standards may cause adverse unexpected revenue fluctuations and affect our reported results of operations
  • If we are unable to maintain effective internal control over financial reporting, the accuracy and timeliness of our financial reporting may be adversely affected
  • Our quarterly and annual operating results may fluctuate in future periods, which may cause our stock price to fluctuate
  • Anti-takeover provisions could make it more difficult for a third party to acquire us
  • Our stock price could be volatile, particularly during times of economic uncertainty and volatility in domestic and international stock markets
  • If securities or industry analysts publish inaccurate or unfavorable research about our business, or discontinue publishing research about our business, the price and trading volume of our securities could decline
  • Macroeconomic downturns or uncertainties may harm our industry, business, and results of operations
  • We face risks associated with having operations and employees located in Israel
  • Climate change and associated regulation may have an impact on our business

Legal proceedings

See Note 12 - Commitments and Contingencies of the Notes to Financial Statements (Part II, Item 8 of this Form 10-K) for information regarding legal proceedings in which we are involved.

The opening of Item 3, Legal Proceedings.19

Sources

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