F5 (FFIV) Research & Development (2009 - 2026)
F5 (FFIV) reported Research & Development of $239.4 million for Q1 2026, up 75.31% on a YoY basis from $136.6 million in Q1 2025, and up 6.51% sequentially from $224.8 million in Q4 2025.
F5 (FFIV) Research & Development (2009 - 2026) Analysis & Trends
F5 (FFIV) has 18 years of Research & Development data on file, last reported at $239.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 75.31% year-over-year to $239.4 million; the trailing twelve-month figure through Mar 2026 stood at $579.9 million (down 32.38% YoY), and the FY2025 full-year result was $539.8 million, down 35.14% from the prior year.
- Research & Development improved to $239.4 million in Q1 2026, from $224.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $466.1 million in Q3 2024 to a low of -$146.2 million in Q3 2022.
- A 5-year average of $163.3 million and a median of $198.9 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 240.08% in 2023 and plunged 122.46% in 2025, its largest moves.
- Tracing FFIV's Research & Development over 5 years: stood at $233.1 million in 2022, then fell by 14.66% to $198.9 million in 2023, then sank by 34.39% to $130.5 million in 2024, then jumped by 72.22% to $224.8 million in 2025, then gained by 6.51% to $239.4 million in 2026.
- Business Quant data shows FFIV's Research & Development at $239.4 million in Q1 2026, $224.8 million in Q4 2025, and -$104.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | F5 | 23.06 Bn | 21.62 Bn | 660.80 Mn | 239.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 239.41 Mn |
| Dec 31, 2025 | 224.78 Mn |
| Sep 30, 2025 | -104.71 Mn |
| Jun 30, 2025 | 220.43 Mn |
| Mar 31, 2025 | 136.56 Mn |
| Dec 31, 2024 | 130.52 Mn |
| Sep 30, 2024 | 466.11 Mn |
| Jun 30, 2024 | 124.39 Mn |
| Mar 31, 2024 | 122.21 Mn |
| Dec 31, 2023 | 198.93 Mn |
| Sep 30, 2023 | 204.83 Mn |
| Jun 30, 2023 | 128.77 Mn |
| Mar 31, 2023 | 141.36 Mn |
| Dec 31, 2022 | 233.11 Mn |
| Sep 30, 2022 | -146.22 Mn |
| Jun 30, 2022 | 226.73 Mn |
| Mar 31, 2022 | 228.83 Mn |
| Dec 31, 2021 | 130.27 Mn |
| Sep 30, 2021 | -184.20 Mn |
| Jun 30, 2021 | 237.38 Mn |