F5, Inc. Reports 12.2% Revenue Growth to $780.4 Million in Q3 Fiscal 2025

F5, Inc. reported a significant increase in financial performance for the third quarter of fiscal 2025, with total net revenues reaching $780.4 million, a 12.2% increase compared to $695.5 million in the same period last year. For the nine months ended June 30, 2025, revenues totaled $2.28 billion, up 10.1% from $2.07 billion in the prior year. The growth was primarily driven by a 26% increase in product revenues, particularly from systems and software, which accounted for $388.8 million in the quarter. Net income for the quarter was $189.9 million, or $3.29 per share, compared to $144.1 million, or $2.46 per share, in the previous year.

The company experienced notable changes in its balance sheet, with total assets increasing to $6.11 billion as of June 30, 2025, up from $5.61 billion a year earlier. Cash and cash equivalents rose to $1.43 billion, reflecting a strong cash flow from operations of $741.6 million for the nine months ended June 30, 2025. Deferred revenue also saw a significant increase, rising to $1.96 billion, attributed to higher maintenance renewal contracts and subscription offerings. The company’s employee headcount remained stable, with a slight decrease in sales and marketing personnel, while research and development staff increased to support product innovation.

Strategically, F5, Inc. completed two acquisitions during the second and third quarters of fiscal 2025, resulting in $12 million of goodwill. These acquisitions are not expected to materially impact the company's operating results. The company continues to focus on expanding its product offerings, particularly in cloud and security solutions, which are increasingly being adopted by enterprise customers across various sectors. The company’s market share in the application delivery and security solutions space remains strong, with significant contributions from major customers like Ingram Micro and Synnex.

Looking ahead, F5, Inc. anticipates continued growth driven by increased demand for its application delivery and security solutions. The company expects to recognize approximately 61.4% of its remaining performance obligations, valued at $2 billion, over the next 12 months. Management remains optimistic about the macroeconomic environment stabilizing, which could further enhance customer demand. However, the company acknowledges potential risks related to economic conditions, including inflation and geopolitical factors, which may impact future performance.