F5 (FFIV) 10-K Summary — Year Ended Sep 30, 2023
F5, Inc. provides technology solutions and reported a year-over-year increase in revenue. The company maintains substantial cash reserves and generated positive operating cash flow.
Key takeaway
Year ended Sep 30, 2023 · FY2025 10-K
F5, Inc. provides technology solutions and reported a year-over-year increase in revenue. The company maintains substantial cash reserves and generated positive operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.8B
Revenue reported for the fiscal year.
Operating income
$472.6M
Income from operations reported for the year.
Net income
$394.9M
Net income reported for the year.
Operating cash flow
$653.4M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2021 | $2.6B | n/a |
| Sep 30, 2022 | $2.7B | +3.6% |
| Sep 30, 2023 | $2.8B | +4.4% |
Business overview
F5, Inc. operates in the technology sector, offering solutions that enable secure and reliable application delivery and networking. The company's business overview section outlines its operations and competitive positioning within the industry.
Financial performance
Revenue increased compared to the prior year, with operating income and net income both reported at positive levels. Cash flow from operations also remained strong during the reporting period.
Material risks
The filing includes a dedicated risk factors section, indicating that the company recognizes uncertainties related to its operations, market conditions, and other business exposures. Specific risks are detailed but not summarized here.
Liquidity and capital
The company funds operations through existing cash balances and cash generated from operations. It used cash to repay a term loan and repurchase common stock during the fiscal year.
What to watch
Investors should monitor changes in the company's cash and investment balances held outside the U.S., as these are subject to fluctuation from intercompany settlements.