PALO ALTO NETWORKS, INC FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $9.2B |
| Gross margin | 73.4% |
| Operating income | $1.2B |
| Net income | $1.1B |
| Diluted EPS | $1.60 |
| Cash & equivalents | $2.3B |
| Total assets | $23.6B |
| Long-term debt | — not reported |
Key takeaway
PANW reported $9.22 billion in fiscal 2025 revenue with a 73.4% gross margin, showing continued scale in the cybersecurity subscription business.
🔒 4 more takeaways in the full analysis
Beneath the surface
The CyberArk deal carries a $1.0 billion termination fee if it falls through under specified circumstances, a material contingent liability not reflected in the headline financials.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for PANW.
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