What is F5, Inc.'s R&D?

F5, Inc. (FFIV) reported R&D of $151.04M in Q1 2026.

How has F5, Inc.'s R&D changed year-over-year?

F5, Inc.'s R&D increased by 10.6% year-over-year, from $136.56M to $151.04M.

What is the long-term trend for F5, Inc.'s R&D?

Over 4 years (2021 to 2025), F5, Inc.'s R&D has grown at a 1.3% compound annual growth rate (CAGR), from $512.63M to $539.82M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

F5, Inc. FFIV R&D

R&D at other companies

Cisco Systems, Inc.CSCO

$2.38B+1.8%

Akamai TechnologiesAKAM

$141.58M+14.6%

FortinetFTNT

$214M+7.8%

Palo Alto Networks, Inc.PANW

$734M+48.6%

Cloudflare, Inc.NET

$150.97M+31.2%

Fastly, Inc. FSLY

$41.97M+12.1%

Other financials

Income statement

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Revenue$811.7M+11.0%

Gross profit$660.8M+12.0%

Operating income$179.0M+12.7%

Net income$147.8M+1.5%

EPS (diluted)$2.58+4.0%

Balance sheet

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Cash & equivalents$1.4B+14.6%

Total debt$259.9M-2.6%

Total assets$6.5B+10.0%

Cash flow

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Operating cash flow$365.9M+42.6%

CapEx$18.3M+74.7%

Free cash flow$347.6M+41.2%

Valuation

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Market cap$23.47B+38.7%

Enterprise value$22.29B+41.5%

P/E33.1×+7.8×

P/S7.3×+1.7×

Profitability

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Gross margin81.5%+0.6pp

Operating margin24.7%+0.2pp

Net margin22%+0.8pp

FCF margin29.9%+1.5pp

Returns & leverage

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Return on equity506.2%—

Debt / equity12.7×—

Current ratio1.6×+0.1×

Where this comes from

Reported directly by F5, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: F5, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is F5, Inc.'s R&D?: F5, Inc. (FFIV) reported R&D of $151.04M in Q1 2026.
How has F5, Inc.'s R&D changed year-over-year?: F5, Inc.'s R&D increased by 10.6% year-over-year, from $136.56M to $151.04M.
What is the long-term trend for F5, Inc.'s R&D?: Over 4 years (2021 to 2025), F5, Inc.'s R&D has grown at a 1.3% compound annual growth rate (CAGR), from $512.63M to $539.82M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.