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.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 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 Commons8

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

Revenue9101112135$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 profit9101112135$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 income9101112135$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 income9101112135$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

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

From Wikidata.1

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. Apr 13, 2017New chief executive Francois Locoh-Donou becomes CEO18
  2. Aug 3, 2015New chief executive Manuel Felix Rivelo becomes CEO19
  3. 1996Founded Founded1

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 three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 29 such filings since October 2021, the latest 10:

  1. Aug 12, 2026SCHEDULE 13G/A
  2. Jul 31, 2026SCHEDULE 13G/A
  3. May 15, 2026SCHEDULE 13G/A
  4. Apr 30, 2026SCHEDULE 13G/A
  5. Apr 29, 2026SCHEDULE 13G
  6. Apr 29, 2026SCHEDULE 13G
  7. Mar 26, 2026SCHEDULE 13G/A
  8. Feb 17, 2026SCHEDULE 13G/A
  9. Jan 27, 2026SCHEDULE 13G
  10. Nov 14, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

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).

Sources

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