Filing Flows › F5 (FFIV) › Q4 FY25
F5 (FFIV) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 25, 2025
F5 (FFIV) reported revenue of $810M for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier and +4% from the quarter before. Operating margin was 25.4%, net earnings $190M (23.5% of revenue).
F5, Q4 FY25: revenue $810M (+8% year over year), operating margin 25.4%, net earnings $190M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $810M | +4% | +8% |
| Gross profit | $666M | +5% | +10% |
| Operating profit | $206M | +5% | +8% |
| Net earnings | $190M | +0.3% | +15% |
| Operating cash flow | $208M | -26% | -16% |
| Free cash flow | $192M | -30% | -20% |
What changed
Revenue was $810.1M in Q4 FY25, up 8% year over year and up 4% from the previous quarter. Product was the largest line at 51% of revenue.
Gross margin was 82.2%, up 1.5 points from Q4 FY24. Operating profit was $205.7M, a 25.4% margin (down 0.2 points year over year). Of the extra revenue versus Q4 FY24, 23% reached operating profit, below the 26% margin then. Operating expenses grew 12% against revenue growth of 8%. The fastest-growing cost line was General & admin (+32%). Net earnings were $190.5M, up 15% year over year. The effective tax rate was 11.4%.
Operating cash flow was $208.1M (down 16% year over year), 109% of net earnings. Non-cash charges added back $24.8M of depreciation and amortization and $57.2M of share-based compensation. Working capital and other items used $64.5M. Capital expenditures of $16.1M left free cash flow of $191.9M.
Questions
What was F5's revenue in the fourth quarter fiscal 2025?
F5 (FFIV) reported revenue of $810M for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier and +4% from the quarter before.
Was F5 profitable in the fourth quarter fiscal 2025?
Operating profit was $206M (25.4% of revenue) and net earnings $190M.
Source: F5 10-K on SEC EDGAR.