F5 (FFIV) Research & Development (2009 - 2026)

F5 has reported Research & Development for 18 years, with the latest figure at $239.4 million in Q1 2026.

• Quarterly Research & Development rose 75.31% year-over-year to $239.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $579.9 million (down 32.38% YoY) and the FY2025 annual result came in at $539.8 million, down 35.14% from the prior year.
• Research & Development improved to $239.4 million in Q1 2026 per FFIV's latest filing, from $224.8 million in the prior quarter.
• Over five years, Research & Development peaked at $466.1 million in Q3 2024 and troughed at -$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.
• The sharpest annual moves came in 2023 and 2025: Research & Development soared 240.08% in 2023, then slumped 122.46% in 2025.
• Over 5 years, Research & Development stood at $233.1 million in 2022, then slipped by 14.66% to $198.9 million in 2023, then plunged by 34.39% to $130.5 million in 2024, then jumped by 72.22% to $224.8 million in 2025, then grew by 6.51% to $239.4 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $239.4 million, $224.8 million, and -$104.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.