Palo Alto Networks Files Q3 2025 10-Q

TL;DR

PANW filed its Q3 2025 10-Q. Check financials.

AI Summary

Palo Alto Networks Inc. filed its 10-Q for the period ending January 31, 2025. The company reported financial results for the third quarter of its fiscal year 2025. Specific financial figures and operational details are provided within the filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational updates for Palo Alto Networks, a key player in the cybersecurity industry.

Risk Assessment

Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and forward-looking statements within can reveal significant risks or opportunities.

Key Players & Entities

• Palo Alto Networks Inc (company) — Filer of the 10-Q
• 20250131 (date) — Period of report for the 10-Q
• 0001327567-25-000010 (other) — Accession number for the filing
• 3000 TANNERY WAY (address) — Company's business and mail address
• SANTA CLARA, CA 95054 (address) — Company's business and mail address

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common stock, $0.0001 par value per share PANW The Nasdaq Sto

Filing Documents

• panw-20250131.htm (10-Q) — 1986KB
• panwex1022012employeestock.htm (EX-10.2) — 521KB
• panwex103creditagreement-a.htm (EX-10.3) — 939KB
• panwex311q225.htm (EX-31.1) — 9KB
• panwex312q225.htm (EX-31.2) — 10KB
• panwex321q225.htm (EX-32.1) — 4KB
• panwex322q225.htm (EX-32.2) — 4KB
• 0001327567-25-000010.txt ( ) — 11577KB
• panw-20250131.xsd (EX-101.SCH) — 53KB
• panw-20250131_cal.xml (EX-101.CAL) — 105KB
• panw-20250131_def.xml (EX-101.DEF) — 289KB
• panw-20250131_lab.xml (EX-101.LAB) — 784KB
• panw-20250131_pre.xml (EX-101.PRE) — 540KB
• panw-20250131_htm.xml (XML) — 1653KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 2 Condensed Consolidated Balance Sheets as of January 31, 202 5 and July 31, 2024 2 Condensed Consolidated Statements of Operations for the Three and Six Months Ended January 31, 2025 and January 31, 2 02 4 3 Condensed Consolidated Statements of Comprehensive Income for the Three and S ix Months Ended January 31, 2025 and Jan uary 31, 202 4 4 Condensed Consolidated Statements of Stockholders' Equity for the Three and S ix Months Ended January 31, 2025 and January 31, 202 4 5 Condensed Consolidated Statements of Cash Flows for the Six Months Ended Jan u ary 31, 2025 and January 31, 202 4 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 37

Controls and Procedures

Item 4. Controls and Procedures 38

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 39

Risk Factors

Item 1A. Risk Factors 39

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60

Other Information

Item 5. Other Information 61

Exhibits

Item 6. Exhibits 62

Signatures

Signatures 63 - 1 - Table of Contents Part I

Financial Statements

Item 1. Financial Statements PALO ALTO NETWORKS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except per share data) January 31, 2025 July 31, 2024 (unaudited) Assets Current assets: Cash and cash equivalents $ 2,226.3 $ 1,535.2 Short-term investments 1,006.6 1,043.6 Accounts receivable, net of allowance for credit losses of $ 8.5 and $ 7.5 as of January 31, 2025 and July 31, 2024, respectively 1,495.5 2,618.6 Short-term financing receivables, net 754.9 725.9 Short-term deferred contract costs 376.1 369.0 Prepaid expenses and other current assets 480.4 557.4 Total current assets 6,339.8 6,849.7 Property and equipment, net 358.2 361.1 Operating lease right-of-use assets 372.9 385.9 Long-term investments 4,559.8 4,173.2 Long-term financing receivables, net 1,163.8 1,182.1 Long-term deferred contract costs 523.4 562.0 Goodwill 4,050.8 3,350.1 Intangible assets, net 771.4 374.9 Deferred tax assets 2,446.9 2,399.0 Other assets 364.7 352.9 Total assets $ 20,951.7 $ 19,990.9 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 149.3 $ 116.3 Accrued compensation 491.6 554.7 Accrued and other liabilities 777.6 506.7 Deferred revenue 5,599.9 5,541.1 Convertible senior notes, net 533.8 963.9 Total current liabilities 7,552.2 7,682.7 Long-term deferred revenue 5,662.5 5,939.4 Deferred tax liabilities 116.1 387.7 Long-term operating lease liabilities 363.0 380.5 Other long-term liabilities 882.6 430.9 Total liabilities 14,576.4 14,821.2 Commitments and contingencies (Note 10) Stockholders' equity: Preferred stock; $ 0.0001 par value; 100.0 shares authorized; none issued and outstanding as of January 31, 2025 and July 31, 2024 — — Common stock and additional paid-in capital; $ 0.0001 par value; 2,000.0 shares authorized; 660.4 and 650.2 shares issued and outstanding as of January 31, 2025 and July 31, 2024, respectively 4,421.0 3,821.1 Accumulated other comprehensive loss ( 13.9 ) ( 1.6 ) Ret

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View this 10-Q filing on SEC EDGAR