F5 Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.09B | $2.82B | $2.81B | $2.70B | $2.60B | $2.35B | $2.24B | $2.16B |
| Product | — | $1.15B | $1.23B | $1.22B | $1.17B | $1.02B | $995.3M | $973.6M |
| Service | — | $1.66B | $1.58B | $1.48B | $1.43B | $1.33B | $1.25B | $1.19B |
| Cost of Revenue | $574.0M | $557.6M | $593.3M | $539.6M | $493.1M | $407.9M | $356.6M | $361.5M |
| Gross Profit | $2.51B | $2.26B | $2.22B | $2.16B | $2.11B | $1.94B | $1.89B | $1.80B |
| Gross Margin | 81.4% | 80.2% | 78.9% | 80.0% | 81.1% | 82.6% | 84.1% | 83.3% |
| Operating Expenses | ||||||||
| Research & Development | $539.8M | $490.1M | $540.3M | $543.4M | $512.6M | $441.3M | $408.1M | $366.1M |
| SG&A Expense | $322.3M | $268.8M | $263.4M | $274.6M | $273.6M | $258.4M | $210.7M | $160.4M |
| Operating Income | $765.9M | $658.6M | $472.6M | $403.8M | $394.0M | $392.3M | $518.5M | $590.9M |
| Operating Margin | 24.8% | 23.4% | 16.8% | 15.0% | 15.1% | 16.7% | 23.1% | 27.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $808.3M | $695.5M | $486.0M | $385.4M | $386.9M | $396.4M | $541.1M | $603.8M |
| Income Tax Expense | $116.0M | $128.7M | $91.0M | $63.2M | $55.7M | $89.0M | $113.4M | $150.1M |
| Net Income | $692.4M | $566.8M | $394.9M | $322.2M | $331.2M | $307.4M | $427.7M | $453.7M |
| Net Margin | 22.4% | 20.1% | 14.0% | 11.9% | 12.7% | 13.1% | 19.1% | 21.0% |
| EPS (Basic) | $11.96 | $9.65 | $6.59 | $5.34 | $5.46 | $5.05 | $7.12 | $7.41 |
| EPS (Diluted) | $11.80 | $9.55 | $6.55 | $5.27 | $5.34 | $5.01 | $7.08 | $7.32 |
| Shares Outstanding (Basic) | 57.9M | 58.7M | 59.9M | 60.3M | 60.7M | 60.9M | 60.0M | 61.3M |
| Shares Outstanding (Diluted) | 58.7M | 59.4M | 60.3M | 61.1M | 62.1M | 61.4M | 60.5M | 62.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |