Filing Flows › F5 (FFIV) › Q3 FY25
F5 (FFIV) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 6, 2025
F5 (FFIV) reported revenue of $780M for the third quarter fiscal 2025 (Q3 FY25), +12% from a year earlier and +7% from the quarter before. Operating margin was 25.2%, net earnings $190M (24.3% of revenue).
F5, Q3 FY25: revenue $780M (+12% year over year), operating margin 25.2%, net earnings $190M, operating cash flow $282M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $780M | +7% | +12% |
| Gross profit | $632M | +7% | +13% |
| Operating profit | $196M | +24% | +20% |
| Net earnings | $190M | +30% | +32% |
| Operating cash flow | $282M | +10% | +78% |
| Free cash flow | $274M | +11% | +79% |
What changed
Revenue was $780.4M in Q3 FY25, up 12% year over year and up 7% from the previous quarter. Service was the largest line at 50% of revenue. Product added $80.3M year over year (up 26%), 95% of the total change.
Gross margin was 81.0%, up 0.6 points from a year earlier. Operating profit was $196.3M, a 25.2% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 23% margin then. Operating expenses grew 10% against revenue growth of 12%. The fastest-growing cost line was General & admin (+19%). Net earnings were $189.9M, up 32% year over year. The effective tax rate was 10.8%.
Operating cash flow was $282.2M (up 78% year over year), 149% of net earnings. Non-cash charges added back $22.5M of depreciation and amortization and $57.5M of share-based compensation. Capital expenditures of $8.5M left free cash flow of $273.7M.
Questions
What was F5's revenue in the third quarter fiscal 2025?
F5 (FFIV) reported revenue of $780M for the third quarter fiscal 2025 (Q3 FY25), +12% from a year earlier and +7% from the quarter before.
Was F5 profitable in the third quarter fiscal 2025?
Operating profit was $196M (25.2% of revenue) and net earnings $190M.
Source: F5 10-Q on SEC EDGAR.