Palo Alto Networks Inc

NASDAQGS:PANW

United States / Information Technology / Software

Overview

News

10Y Historical Financials

Stock Price

168.62 USD


Key Metrics	Latest
Total Revenue	8.57 B
Adjusted EBITDA	1.365 B
EBITDA Margin	15.9%
Net Profit Margin	16.2%
Total Assets	20.952 B
Total Debt	970.4 M

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Jul-15	Jul-16	Jul-17	Jul-18	Jul-19	Jul-20	Jul-21	Jul-22	Jul-23	Jul-24	12 Months

Revenue	928	1,379	1,755	2,274	2,900	3,408	4,256	5,502	6,893	8,028	8,571
% Growth		48.5%	27.3%	29.5%	27.5%	17.5%	24.9%	29.3%	25.3%	16.5%

Adjusted EBITDA	(71)	(115)	(86)	27	114	(4)	(92)	31	590	1,094	1,366
% Margin	-7.6%	-8.3%	-4.9%	1.2%	3.9%	-0.1%	-2.1%	0.6%	8.6%	13.6%	15.9%

Adjusted EBIT	(100)	(157)	(145)	(65)	(27)	(179)	(304)	(189)	387	888	1,121
% Margin	-10.8%	-11.4%	-8.3%	-2.9%	-0.9%	-5.3%	-7.1%	-3.4%	5.6%	11.1%	13.1%

Adjusted Net Income	(131)	(193)	(188)	(93)	(62)	(267)	(499)	(267)	440	2,729	1,387
% Margin	-14.1%	-14.0%	-10.7%	-4.1%	-2.1%	-7.8%	-11.7%	-4.9%	6.4%	34.0%	16.2%

Adjusted Basic EPS	(0.27)	(0.37)	(0.34)	(0.17)	(0.11)	(0.46)	(0.86)	(0.45)	0.73	4.27	2.08

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
USD	Fiscal Year Ending										Latest
(in millions)	Jul-15	Jul-16	Jul-17	Jul-18	Jul-19	Jul-20	Jul-21	Jul-22	Jul-23	Jul-24	Jan-25
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Revenue	928	1,379	1,755	2,274	2,900	3,408	4,256	5,502	6,893	8,028	8,571
% Growth	NA	48.5%	27.3%	29.5%	27.5%	17.5%	24.9%	29.3%	25.3%	16.5%

Cost of Revenue	(252)	(370)	(476)	(645)	(808)	(1,000)	(1,275)	(1,719)	(1,910)	(2,059)	(2,241)
Gross Profit	677	1,009	1,279	1,629	2,091	2,409	2,981	3,783	4,983	5,968	6,330
% Revenue	72.9%	73.2%	72.9%	71.6%	72.1%	70.7%	70.0%	68.8%	72.3%	74.3%	73.9%

Research and Development	(186)	(284)	(347)	(401)	(540)	(768)	(1,140)	(1,418)	(1,604)	(1,809)	(1,938)
Selling and Marketing	(489)	(743)	(899)	(1,074)	(1,344)	(1,520)	(1,754)	(2,149)	(2,544)	(2,795)	(2,939)
General and Admin	(102)	(138)	(177)	(219)	(235)	(300)	(391)	(405)	(448)	(476)	(332)
Other Inc / (Exp)	(4)	(0)	(25)	(38)	(33)	(6)	(6)	(7)	(18)	(210)	(187)
Total Operating Exp	(780)	(1,166)	(1,449)	(1,731)	(2,152)	(2,593)	(3,291)	(3,978)	(4,614)	(5,290)	(5,396)

Operating Income	(104)	(158)	(170)	(103)	(61)	(185)	(310)	(195)	369	679	934
% Revenue	-11.2%	-11.4%	-9.7%	-4.5%	-2.1%	-5.4%	-7.3%	-3.6%	5.4%	8.5%	10.9%

Interest Expense	(18)	(15)	(10)	(3)	(14)	(47)	(155)	(12)	197	310	329
Pre-tax Income	(122)	(172)	(180)	(105)	(75)	(232)	(465)	(207)	566	988	1,264
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	0	0
Provision for Taxes	(9)	(20)	(23)	(17)	(7)	(35)	(34)	(60)	(127)	1,589	(9)
Net Income to Company	(131)	(193)	(203)	(122)	(82)	(267)	(499)	(267)	440	2,578	1,255
% Margin	-14.1%	-14.0%	-11.6%	-5.4%	-2.8%	-7.8%	-11.7%	-4.9%	6.4%	32.1%	14.6%

Minority Interest in Earnings	0	0	0	0	0	0	0	0	0	0	0
Net Income to Stockholders	(131)	(193)	(203)	(122)	(82)	(267)	(499)	(267)	440	2,578	1,255

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0	0	0	0

Net Income to Common	(131)	(193)	(203)	(122)	(82)	(267)	(499)	(267)	440	2,578	1,255
% Margin	-14.1%	-14.0%	-11.6%	-5.4%	-2.8%	-7.8%	-11.7%	-4.9%	6.4%	32.1%	14.6%

As Reported
Basic EPS (Continuing Ops)	(0.27)	(0.37)	(0.37)	(0.22)	(0.14)	(0.46)	(0.86)	(0.45)	0.73	4.04	1.90
Diluted EPS (Continuing Ops)	(0.27)	(0.37)	(0.37)	(0.22)	(0.14)	(0.46)	(0.87)	(0.45)	0.64	3.64	1.77

WA Basic Shares Out.	489.60	522.60	543.60	550.20	567.00	581.40	578.20	591.20	606.40	638.40	665.20
WA Diluted Shares Out.	489.60	522.60	543.60	550.20	567.00	581.40	578.20	591.20	684.60	708.00	709.80

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(122)	(172)	(180)	(105)	(75)	(232)	(465)	(207)	566	988	1,264
Addback: Net Interest Expense	18	15	10	3	14	47	155	12	(197)	(310)	(329)
Addback: Other Non Operating Expenses, Total	4	0	5	(1)	6	6	6	7	18	5	8
Addback: Depreciation & Amortization	29	43	59	92	141	175	213	220	203	206	245
Addback: Restructuring Charges	0	0	21	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	20	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	204	163
Addback: Other Unusual Items	0	0	0	39	7	0	0	0	0	0	16
Adjusted EBITDA	(71)	(115)	(86)	27	114	(4)	(92)	31	590	1,094	1,366
% Margin	-7.6%	-8.3%	-4.9%	1.2%	3.9%	-0.1%	-2.1%	0.6%	8.6%	13.6%	15.9%

Adjusted EBIT	(100)	(157)	(145)	(65)	(27)	(179)	(304)	(189)	387	888	1,121
% Margin	-10.8%	-11.4%	-8.3%	-2.9%	-0.9%	-5.3%	-7.1%	-3.4%	5.6%	11.1%	13.1%

Adjusted Net Income Reconciliation
Net Income to Company	(131)	(193)	(203)	(122)	(82)	(267)	(499)	(267)	440	2,578	1,255
Addback: Unusual Items	0	0	21	39	27	0	0	0	0	204	179
Less: Tax Benefit of Unusual Items (26%)	0	0	(5)	(10)	(7)	0	0	0	0	(53)	(46)
Adjusted Net Income	(131)	(193)	(188)	(93)	(62)	(267)	(499)	(267)	440	2,729	1,387
% Margin	-14.1%	-14.0%	-10.7%	-4.1%	-2.1%	-7.8%	-11.7%	-4.9%	6.4%	34.0%	16.2%

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Palo Alto Networks Inc

NASDAQGS:PANW

United States / Information Technology / Software

10Y Historical Financials