F5, Inc. (FFIV) Balance Sheet
FFIV balance sheet, FY2025
September 30, 2025 · U.S. dollars$6.32B assets = $2.73B liabilities + $3.59B equity
Both columns are drawn to the same scale: what FFIV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FFIV financial health
Current ratio1.54
Comfortable · current assets cover current liabilities 1.54×
Debt / equity0.14
Low leverage · $0.14 of debt for each $1 of equity
Equity / assets56.8%
Equity-funded · of assets funded by shareholders
Cash / debt272.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles40.2%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
FFIV balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.31BFY2016 | $6.32BFY2025 | +11.9%/yr | |
| Total liabilities | $1.12BFY2016 | $2.73BFY2025 | +10.4%/yr | |
| Shareholders’ equity | $1.19BFY2016 | $3.59BFY2025 | +13.1%/yr | |
| Cash & short-term investments | $882.4MFY2016 | $1.34BFY2025 | +4.8%/yr | |
| Total debt | $32.0MFY2016 | $492.5MFY2025 | +35.5%/yr | |
| Net cash (debt) | $850.4MFY2016 | $851.7MFY2025 | +$1.3M | |
| Working capital | $444.6MFY2016 | $869.1MFY2025 | +$424.5M | |
| Book value per share | $17.43FY2016 | $61.21FY2025 | +15.0%/yr | |
| Current ratio | 1.53FY2016 | 1.54FY2025 | +0.01 | |
| Debt / equity | 0.03FY2016 | 0.14FY2025 | +0.11 | |
| Shares outstanding | 68.0MFY2016 | 58.7MFY2025 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FFIV assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
FFIV liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
FFIV debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FFIV balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.34B | $1.07B | $803.3M | $884.6M | $910.6M | $1.21B | $972.3M | $1.04B | $1.02B | $882.4M |
| Cash & equivalents | $1.34B | $1.07B | $797.2M | $758.0M | $581.0M | $849.6M | $599.2M | $424.7M | $673.2M | $514.6M |
| Short-term investments | — | $0 | $6.2M | $126.6M | $329.6M | $360.3M | $373.1M | $614.7M | $343.7M | $367.8M |
| Receivables | $912.7M | $790.1M | $828.9M | $789.7M | $555.9M | $434.3M | $401.4M | $295.4M | $291.9M | $268.2M |
| Inventory | $77.2M | $76.4M | $72.1M | $125.4M | $22.1M | $27.9M | $34.4M | $30.6M | $29.8M | $34.1M |
| Other current assets | $147.5M | $135.7M | $113.2M | $77.9M | $88.2M | $91.8M | $103.5M | $52.3M | $67.5M | $104.2M |
| Total current assets | $2.48B | $2.08B | $1.82B | $1.88B | $1.58B | $1.76B | $1.51B | $1.42B | $1.41B | $1.29B |
| Property, plant & equipment (net) | $342.5M | $329.1M | $365.9M | $395.7M | $436.1M | $529.9M | $223.4M | $145.0M | $122.4M | $123.2M |
| Goodwill & intangible assets | $2.54B | $2.42B | $2.44B | $2.46B | $2.45B | $2.08B | $1.17B | $587.2M | $598.5M | $606.5M |
| Long-term investments | $15.7M | $8.6M | $5.1M | $9.5M | $132.8M | $102.9M | $358.4M | $411.2M | $284.8M | $276.4M |
| Other non-current assets | $939.4M | $774.6M | $620.2M | $533.9M | $397.8M | $196.4M | $122.6M | $44.4M | $64.5M | $11.4M |
| Total assets | $6.32B | $5.61B | $5.25B | $5.28B | $5.00B | $4.68B | $3.39B | $2.61B | $2.48B | $2.31B |
| Liabilities | ||||||||||
| Accounts payable | $84.0M | $67.9M | $63.3M | $113.2M | $62.1M | $64.5M | $62.6M | $57.8M | $50.8M | $34.1M |
| Short-term debt | $31.0M | $33.8M | $41.4M | $392.3M | $68.6M | $65.3M | — | $27.7M | $28.9M | $32.0M |
| Deferred revenue | $1.21B | $1.12B | $1.13B | $1.07B | $968.7M | $883.1M | $807.0M | $715.7M | $696.4M | $631.8M |
| Total current liabilities | $1.61B | $1.49B | $1.47B | $1.84B | $1.39B | $1.29B | $1.11B | $954.4M | $934.5M | $844.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $349.8M | $369.0M | $0 | $0 | $0 | $0 |
| Lease obligations | $261.8M | $249.6M | $239.6M | $272.4M | $296.9M | $384.7M | — | — | — | — |
| Other long-term liabilities | $1.11B | $994.0M | $975.3M | $967.3M | $895.8M | $788.3M | $523.3M | $365.6M | $312.6M | $276.8M |
| Total liabilities | $2.73B | $2.48B | $2.45B | $2.81B | $2.64B | $2.45B | $1.63B | $1.32B | $1.25B | $1.12B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $42.0M | $5.9M | $24.4M | $91.0M | $192.5M | $305.5M | $142.6M | $20.4M | $17.6M | $13.2M |
| Retained earnings (deficit) | $3.57B | $3.14B | $2.80B | $2.40B | $2.19B | $1.95B | $1.64B | $1.29B | $1.23B | $1.19B |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$18.3M | −$20.9M | −$23.2M | −$26.2M | −$20.1M | −$18.7M | −$19.2M | −$22.2M | −$18.0M | −$13.2M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $3.59B | $3.13B | $2.80B | $2.47B | $2.36B | $2.23B | $1.76B | $1.29B | $1.23B | $1.19B |
| Key figures | ||||||||||
| Total debt | $492.5M | $465.3M | $520.6M | $937.0M | $1.01B | $1.11B | — | $27.7M | $28.9M | $32.0M |
| Net cash (debt) | $851.7M | $609.3M | $282.8M | −$52.5M | −$101.6M | $98.1M | — | $1.01B | $988.0M | $850.4M |
| Working capital | $869.1M | $587.1M | $344.8M | $37.6M | $185.3M | $475.5M | $406.1M | $463.2M | $471.7M | $444.6M |
| Tangible book value | $1.05B | $705.4M | $360.6M | $9.4M | −$93.5M | $147.4M | $587.2M | $698.3M | $630.9M | $578.8M |
| Book value per share | $61.21 | $52.72 | $46.46 | $40.41 | $38.03 | $36.37 | $29.14 | $20.73 | $18.98 | $17.43 |
| Shares outstanding | 58.7M | 59.4M | 60.3M | 61.1M | 62.1M | 61.4M | 60.5M | 62.0M | 64.8M | 68.0M |
| Current ratio | 1.54 | 1.39 | 1.23 | 1.02 | 1.13 | 1.37 | 1.37 | 1.49 | 1.50 | 1.53 |
| Quick ratio | 1.40 | 1.25 | 1.11 | 0.91 | 1.05 | 1.28 | 1.24 | 1.40 | 1.40 | 1.36 |
| Debt / equity | 0.14 | 0.15 | 0.19 | 0.38 | 0.43 | 0.50 | — | 0.02 | 0.02 | 0.03 |
| Equity / assets | 56.8% | 55.8% | 53.4% | 46.8% | 47.2% | 47.7% | 52.0% | 49.3% | 49.6% | 51.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.61B | $1.44B | $1.20B | $1.34B | $1.43B | $1.26B | $1.15B | $1.07B | $935.6M | $903.5M | $825.9M | $803.3M |
| Cash & equivalents | $1.61B | $1.44B | $1.20B | $1.34B | $1.43B | $1.26B | $1.15B | $1.07B | $934.8M | $902.7M | $822.6M | $797.2M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $812,000 | $802,000 | $3.3M | $6.2M |
| Receivables | $1.01B | $941.8M | $1.01B | $912.7M | $820.0M | $807.6M | $918.9M | $790.1M | $813.8M | $768.2M | $887.3M | $828.9M |
| Inventory | $126.9M | $90.3M | $79.9M | $77.2M | $66.9M | $67.9M | $73.2M | $76.4M | $80.2M | $74.7M | $69.9M | $72.1M |
| Other current assets | $202.6M | $188.1M | $191.5M | $147.5M | $135.9M | $167.6M | $165.3M | $135.7M | $126.2M | $174.7M | $147.8M | $113.2M |
| Total current assets | $2.95B | $2.66B | $2.48B | $2.48B | $2.45B | $2.30B | $2.31B | $2.08B | $1.96B | $1.92B | $1.93B | $1.82B |
| Property, plant & equipment (net) | $375.5M | $359.8M | $348.4M | $342.5M | $334.7M | $338.5M | $348.2M | $329.1M | $339.5M | $350.5M | $359.3M | $365.9M |
| Goodwill & intangible assets | $2.55B | $2.52B | $2.53B | $2.54B | $2.41B | $2.41B | $2.41B | $2.42B | $2.43B | $2.44B | $2.43B | $2.44B |
| Long-term investments | $22.0M | $20.8M | $18.0M | $15.7M | $15.0M | $12.5M | $11.2M | $8.6M | $7.3M | $6.3M | $6.2M | $5.1M |
| Other non-current assets | $932.5M | $938.1M | $919.8M | $939.4M | $901.2M | $840.8M | $819.5M | $774.6M | $677.3M | $662.1M | $627.5M | $620.2M |
| Total assets | $6.83B | $6.50B | $6.29B | $6.32B | $6.11B | $5.91B | $5.90B | $5.61B | $5.41B | $5.38B | $5.35B | $5.25B |
| Liabilities | ||||||||||||
| Accounts payable | $136.2M | $79.5M | $60.7M | $84.0M | $68.7M | $43.6M | $53.6M | $67.9M | $53.6M | $57.7M | $60.1M | $63.3M |
| Short-term debt | $33.7M | $33.3M | $32.9M | $31.0M | $30.4M | $30.2M | $31.5M | $33.8M | $38.1M | $38.5M | $41.3M | $41.4M |
| Deferred revenue | $1.29B | $1.27B | $1.25B | $1.21B | $1.20B | $1.20B | $1.22B | $1.12B | $1.14B | $1.18B | $1.19B | $1.13B |
| Total current liabilities | $1.77B | $1.68B | $1.62B | $1.61B | $1.55B | $1.52B | $1.59B | $1.49B | $1.46B | $1.50B | $1.52B | $1.47B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $252.4M | $259.9M | $267.7M | $261.8M | $259.8M | $266.8M | $274.3M | $249.6M | $260.6M | $266.8M | $276.3M | $239.6M |
| Other long-term liabilities | $1.20B | $1.17B | $1.13B | $1.11B | $1.09B | $1.07B | $1.08B | $994.0M | $948.1M | $949.0M | $963.4M | $975.3M |
| Total liabilities | $2.97B | $2.85B | $2.75B | $2.73B | $2.64B | $2.59B | $2.66B | $2.48B | $2.40B | $2.45B | $2.49B | $2.45B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $50.5M | $52.6M | $5.9M | $42.0M | $40.7M | $40.3M | $9.5M | $5.9M | $17.9M | $19.0M | $18.3M | $24.4M |
| Retained earnings (deficit) | $3.82B | $3.62B | $3.55B | $3.57B | $3.45B | $3.30B | $3.25B | $3.14B | $3.02B | $2.94B | $2.86B | $2.80B |
| Accumulated other comprehensive income | −$19.0M | −$19.0M | −$18.2M | −$18.3M | −$18.6M | −$22.3M | −$24.2M | −$20.9M | −$22.3M | −$21.0M | −$20.7M | −$23.2M |
| Total shareholders' equity | $3.86B | $3.65B | $3.54B | $3.59B | $3.47B | $3.31B | $3.24B | $3.13B | $3.01B | $2.93B | $2.86B | $2.80B |
| Key figures | ||||||||||||
| Total debt | $252.4M | $259.9M | $502.6M | $492.5M | $489.2M | $503.4M | $517.2M | $465.3M | $483.1M | $495.2M | $511.3M | $520.6M |
| Net cash (debt) | $1.35B | $1.18B | $697.2M | $851.7M | $937.7M | $755.8M | $633.7M | $609.3M | $452.5M | $408.3M | $314.5M | $282.8M |
| Working capital | $1.18B | $985.8M | $858.4M | $869.1M | $898.6M | $778.2M | $720.7M | $587.1M | $500.3M | $418.7M | $406.4M | $344.8M |
| Tangible book value | $1.30B | $1.13B | $1.01B | $1.05B | $1.06B | $901.6M | $822.4M | $705.4M | $576.2M | $488.7M | $435.9M | $360.6M |
| Book value per share | $66.85 | $63.69 | $60.83 | $61.49 | $59.35 | $56.40 | $54.79 | $52.99 | $50.90 | $49.23 | $47.96 | $46.91 |
| Shares outstanding | 57.7M | 57.3M | 58.2M | 58.4M | 58.5M | 58.8M | 59.1M | 59.1M | 59.1M | 59.6M | 59.7M | 59.7M |
| Current ratio | 1.66 | 1.59 | 1.53 | 1.54 | 1.58 | 1.51 | 1.45 | 1.39 | 1.34 | 1.28 | 1.27 | 1.23 |
| Quick ratio | 1.48 | 1.42 | 1.36 | 1.40 | 1.45 | 1.36 | 1.30 | 1.25 | 1.20 | 1.11 | 1.12 | 1.11 |
| Debt / equity | 0.07 | 0.07 | 0.14 | 0.14 | 0.14 | 0.15 | 0.16 | 0.15 | 0.16 | 0.17 | 0.18 | 0.19 |
| Equity / assets | 56.5% | 56.2% | 56.2% | 56.8% | 56.8% | 56.1% | 54.8% | 55.8% | 55.6% | 54.5% | 53.5% | 53.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 25, 2025); data from EODHD.
FFIV financial position
At the end of fiscal 2025 (September 30, 2025), F5 had total assets of $6.3 billion (up 12.6% from a year earlier), total liabilities of $2.7 billion and shareholders' equity of $3.6 billion. It held $1.3 billion in cash and short-term investments against $492.5 million of debt, a net cash position of $851.7 million. Its current ratio was 1.54. In the latest quarter (ended June 30, 2026) total assets were $6.8 billion and equity $3.9 billion.
Related: FFIV income statement, FFIV cash flow statement, FFIV key metrics. See the FFIV stock overview for the latest quote and news.
FFIV balance sheet FAQ
What are F5's total assets?
F5 reported total assets of $6.3 billion at the end of fiscal 2025 (September 30, 2025), compared with $5.6 billion a year earlier.
How much debt does F5 have?
F5 had $492.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.14.
How much cash does F5 have?
F5 held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $492.5 million of debt that is net cash of $851.7 million.
What is F5's book value?
F5's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2025, or $61.21 per share.
What is F5's current ratio?
F5 had current assets of $2.5 billion and current liabilities of $1.6 billion, a current ratio of 1.54 (it can cover its short-term obligations).
How much goodwill does F5 have?
F5 carried $2.5 billion of goodwill and intangible assets, 40.2% of total assets, at the end of fiscal 2025.