Palo Alto Networks (PANW) 10-K Summary — Year Ended Jul 31, 2024
Palo Alto Networks provides cybersecurity solutions. The filing covers the company's annual financial results and risk factors.
Key takeaway
Year ended Jul 31, 2024 · FY2025 10-K
Palo Alto Networks provides cybersecurity solutions. The filing covers the company's annual financial results and risk factors.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$8B
Revenue reported for the fiscal year.
Operating income
$683.9M
Income from operations reported for the year.
Net income
$2.6B
Net income reported for the year.
Operating cash flow
$3.3B
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 |
|---|---|---|
| Jul 31, 2021 | $4.3B | n/a |
| Jul 31, 2022 | $5.5B | +29.3% |
| Jul 31, 2023 | $6.9B | +25.3% |
| Jul 31, 2024 | $8B | +16.5% |
Business overview
The company operates in the cybersecurity industry, offering products and services to protect organizations from cyber threats. Its business overview is described in Item 1 of the filing, and it addresses risk factors and cybersecurity matters in subsequent sections.
Financial performance
Revenue increased compared to the prior period, while operating income and net income were reported. Operating cash flow was also disclosed, reflecting the company's cash generation from operations.
Material risks
The filing identifies risk factors in Item 1A, including potential challenges related to cybersecurity threats, market competition, and regulatory changes. These risks could affect the company's business and financial results.
Liquidity and capital
The liquidity and capital resources section discusses the company's balance sheet and cash flow changes, indicating its ability to meet cash needs. No specific capital allocation themes beyond this analysis are provided.
What to watch
Monitor the trend in revenue growth as reported in the next filing, given the historical increases shown in the supplied data.