F5 (FFIV) Research & Development (2009 - 2026)
F5's (FFIV) quarterly Research & Development came in at $238.0 million in Q2 2026, up 7.98% year-over-year from $220.4 million in Q2 2025, and down 0.58% quarter-over-quarter from $239.4 million in Q1 2026.
Analysis
F5 (FFIV) Research & Development (2009 - 2026) Analysis & Trends
F5 has disclosed Research & Development across 18 years of filings, most recently posting $238.0 million for Q2 2026.
- In Q2 2026, Research & Development rose 7.98% year-over-year to $238.0 million; the TTM figure through Jun 2026 stood at $918.2 million (up 6.58% YoY), while the FY2025 annual figure was $860.5 million, up 3.39% from the prior year.
- Research & Development came in at $238.0 million for Q2 2026 at F5, down from $239.4 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $239.4 million in Q1 2026 to a low of $198.9 million in Q4 2023.
- Average Research & Development over 5 years is $220.3 million, with a median of $219.2 million recorded in 2025.
- Year-over-year, Research & Development slipped 14.66% in 2023 and rose 9.79% in 2026.
- Over 5 years, Research & Development stood at $233.1 million in 2022, then retreated by 14.66% to $198.9 million in 2023, then rose by 3.57% to $206.0 million in 2024, then grew by 9.1% to $224.8 million in 2025, then gained by 5.89% to $238.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $238.0 million in Q2 2026, $239.4 million in Q1 2026, and $224.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 1.16 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 509.97 Mn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 669.10 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 208.69 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 238.03 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 224.45 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 300.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 239.00 Mn |
| 10 | SentinelOne | 6.66 Bn | 6.00 Bn | 210.42 Mn | 123.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 238.03 Mn |
| Mar 31, 2026 | 239.41 Mn |
| Dec 31, 2025 | 224.78 Mn |
| Sep 30, 2025 | 215.98 Mn |
| Jun 30, 2025 | 220.43 Mn |
| Mar 31, 2025 | 218.06 Mn |
| Dec 31, 2024 | 206.04 Mn |
| Sep 30, 2024 | 217.00 Mn |
| Jun 30, 2024 | 205.55 Mn |
| Mar 31, 2024 | 210.80 Mn |
| Dec 31, 2023 | 198.93 Mn |
| Sep 30, 2023 | 204.83 Mn |
| Jun 30, 2023 | 207.20 Mn |
| Mar 31, 2023 | 233.08 Mn |
| Dec 31, 2022 | 233.11 Mn |
| Sep 30, 2022 | 237.00 Mn |
| Jun 30, 2022 | 226.73 Mn |
| Mar 31, 2022 | 228.83 Mn |
| Dec 31, 2021 | 234.04 Mn |
| Sep 30, 2021 | 233.15 Mn |