Five9 Financials
This page shows Five9 (FIVN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating leverage turned Five9 into a cash-generative, asset-light model as growth finally outpaced overhead.
Over the past two fiscal years, free cash flow more than doubled to$201.2M while operating margin turned positive at2.5% , suggesting revenue growth no longer required proportionate reinvestment. The less obvious balance-sheet shift is that liquidity improved even as cash fell year over year: the current ratio moved from 1.9x to 4.5x because short-term obligations shrank far faster than cash.
Margin improvement looks driven mainly by fixed-cost absorption and expense discipline, not by a dramatic change in gross economics. SG&A barely moved from
Cash conversion now tells a better story than net income alone: FY2025 operating cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Five9's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Five9 has an operating margin of 2.5%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is up from -4.9% the prior year.
Five9's revenue grew 10.3% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 70/100.
Five9 has a moderate D/E ratio of 1.28. This balance of debt and equity financing earns a leverage score of 42/100.
With a current ratio of 4.51, Five9 holds $4.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 88/100.
Five9 converts 17.5% of revenue into free cash flow ($201.2M). This strong cash generation earns a score of 77/100.
Five9's ROE of 5.0% shows moderate profitability relative to equity, earning a score of 35/100. This is up from -2.1% the prior year.
Five9 scores 2.08, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($2.0B) relative to total liabilities ($1.0B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Five9 passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Five9 generates $5.74 in operating cash flow ($226.2M OCF vs $39.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Five9 earns $2.0 in operating income for every $1 of interest expense ($28.9M vs $14.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Five9 generated $1.1B in revenue in fiscal year 2025. This represents an increase of 10.3% from the prior year.
Five9's EBITDA was $90.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5556.3% from the prior year.
Five9 reported $39.4M in net income in fiscal year 2025. This represents an increase of 408.1% from the prior year.
Five9 earned $0.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 364.7% from the prior year.
Cash & Balance Sheet
Five9 generated $201.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 99.7% from the prior year.
Five9 held $232.1M in cash against $0 in long-term debt as of fiscal year 2025.
Five9 had 76M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.
Margins & Returns
Five9's gross margin was 55.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.
Five9's operating margin was 2.5% in fiscal year 2025, reflecting core business profitability. This is up 7.4 percentage points from the prior year.
Five9's net profit margin was 3.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.7 percentage points from the prior year.
Five9's ROE was 5.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.1 percentage points from the prior year.
Capital Allocation
Five9 invested $152.3M in research and development in fiscal year 2025. This represents a decrease of 8.3% from the prior year.
Five9 spent $50.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Five9 invested $25.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 41.1% from the prior year.
FIVN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $305.3M+1.7% | $300.3M+5.1% | $285.8M+0.9% | $283.3M+1.3% | $279.7M+0.4% | $278.7M+5.5% | $264.2M+4.8% | $252.1M |
| Cost of Revenue | $134.8M+0.7% | $133.8M+4.1% | $128.6M+0.5% | $127.9M+1.5% | $126.0M+2.7% | $122.7M+0.6% | $121.9M+3.0% | $118.4M |
| Gross Profit | $170.5M+2.5% | $166.4M+5.8% | $157.3M+1.2% | $155.4M+1.1% | $153.7M-1.5% | $156.0M+9.7% | $142.2M+6.4% | $133.7M |
| R&D Expenses | $39.7M+9.9% | $36.1M+2.5% | $35.2M-11.8% | $39.9M-2.9% | $41.1M-0.9% | $41.5M-2.4% | $42.5M+4.3% | $40.7M |
| SG&A Expenses | $32.9M-3.0% | $33.9M-1.3% | $34.4M-5.6% | $36.4M+3.4% | $35.2M-3.4% | $36.4M-0.4% | $36.6M+7.6% | $34.0M |
| Operating Income | $18.5M-6.6% | $19.8M+23.4% | $16.0M+1127.7% | -$1.6M+71.2% | -$5.4M-229.9% | $4.2M+127.1% | -$15.4M+20.4% | -$19.4M |
| Interest Expense | $3.1M+2.9% | $3.1M-1.1% | $3.1M-19.2% | $3.8M-7.2% | $4.1M-3.7% | $4.3M+5.0% | $4.1M+4.1% | $3.9M |
| Income Tax | $2.2M-35.2% | $3.3M+415.9% | $643K-53.5% | $1.4M+651.1% | $184K+143.2% | -$426K+89.0% | -$3.9M-215.6% | $3.3M |
| Net Income | $18.4M-6.6% | $19.7M+9.7% | $18.0M+1457.5% | $1.2M+100.3% | $576K-95.0% | $11.6M+358.5% | -$4.5M+65.1% | -$12.8M |
| EPS (Diluted) | $0.21-8.7% | $0.23+9.5% | $0.21+2000.0% | $0.010.0% | $0.01-92.3% | $0.13+316.7% | $-0.06+64.7% | $-0.17 |
FIVN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B+4.2% | $1.8B+1.2% | $1.8B+3.7% | $1.7B-18.4% | $2.1B+1.9% | $2.1B+2.2% | $2.0B+5.1% | $1.9B |
| Current Assets | $1.0B+4.8% | $959.7M+1.1% | $949.4M+6.2% | $894.2M-30.5% | $1.3B+3.1% | $1.2B+3.7% | $1.2B-8.9% | $1.3B |
| Cash & Equivalents | $273.0M+17.6% | $232.1M+20.0% | $193.4M-5.9% | $205.5M-44.5% | $370.3M+2.2% | $362.5M+24.6% | $291.0M+65.6% | $175.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $136.5M+4.2% | $131.0M-5.4% | $138.5M+8.3% | $127.8M+7.8% | $118.6M+3.0% | $115.2M-1.1% | $116.4M+11.5% | $104.4M |
| Goodwill | $366.3M0.0% | $366.3M0.0% | $366.3M-0.1% | $366.7M0.0% | $366.7M+0.3% | $365.4M0.0% | $365.4M+60.8% | $227.3M |
| Total Liabilities | $1.0B+3.1% | $1.0B+1.1% | $993.1M+0.6% | $987.5M-30.7% | $1.4B-0.2% | $1.4B-0.9% | $1.4B+4.2% | $1.4B |
| Current Liabilities | $222.8M+4.6% | $213.0M+3.5% | $205.7M+2.1% | $201.6M-68.4% | $638.9M-0.4% | $641.7M-1.3% | $650.2M+5.8% | $614.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $829.6M+5.6% | $785.8M+1.4% | $775.3M+8.1% | $717.4M+8.0% | $664.3M+6.8% | $622.2M+10.0% | $565.6M+7.6% | $525.9M |
| Retained Earnings | -$359.8M+4.9% | -$378.2M+5.0% | -$397.9M+4.3% | -$415.9M+0.3% | -$417.1M+0.1% | -$417.6M+2.7% | -$429.2M-1.1% | -$424.7M |
FIVN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $63.9M-23.5% | $83.6M+41.2% | $59.2M+68.8% | $35.1M-27.5% | $48.4M-2.9% | $49.8M+21.1% | $41.1M+106.9% | $19.9M |
| Capital Expenditures | $5.3M-15.6% | $6.2M-40.6% | $10.5M+200.6% | $3.5M-26.0% | $4.7M-49.2% | $9.3M-35.4% | $14.4M+112.3% | $6.8M |
| Free Cash Flow | $58.7M-24.2% | $77.3M+58.8% | $48.7M+54.2% | $31.6M-27.7% | $43.7M+7.7% | $40.5M+51.5% | $26.7M+104.1% | $13.1M |
| Investing Cash Flow | -$146K-104.6% | $3.2M+104.4% | -$71.9M-131.4% | $229.2M+701.4% | -$38.1M-309.5% | $18.2M-75.9% | $75.4M+180.8% | -$93.3M |
| Financing Cash Flow | -$22.8M+52.5% | -$48.0M-8436.3% | $576K+100.1% | -$429.0M-19731.8% | -$2.2M-165.0% | $3.3M+428.1% | -$1.0M-111.2% | $9.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $10.0M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
FIVN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.9%+0.4pp | 55.4%+0.4pp | 55.0%+0.2pp | 54.9%-0.1pp | 55.0%-1.0pp | 56.0%+2.1pp | 53.8%+0.8pp | 53.0% |
| Operating Margin | 6.1%-0.5pp | 6.6%+1.0pp | 5.6%+6.2pp | -0.5%+1.4pp | -1.9%-3.4pp | 1.5%+7.3pp | -5.8%+1.8pp | -7.7% |
| Net Margin | 6.0%-0.5pp | 6.6%+0.3pp | 6.3%+5.9pp | 0.4%+0.2pp | 0.2%-3.9pp | 4.2%+5.9pp | -1.7%+3.4pp | -5.1% |
| Return on Equity | 2.2%-0.3pp | 2.5%+0.2pp | 2.3%+2.2pp | 0.2%+0.1pp | 0.1%-1.8pp | 1.9%+2.6pp | -0.8%+1.7pp | -2.4% |
| Return on Assets | 1.0%-0.1pp | 1.1%+0.1pp | 1.0%+1.0pp | 0.1%+0.0pp | 0.0%-0.5pp | 0.6%+0.8pp | -0.2%+0.5pp | -0.7% |
| Current Ratio | 4.510.0 | 4.51-0.1 | 4.61+0.2 | 4.44+2.4 | 2.02+0.1 | 1.95+0.1 | 1.85-0.3 | 2.15 |
| Debt-to-Equity | 1.25-0.0 | 1.280.0 | 1.28-0.1 | 1.38-0.8 | 2.15-0.2 | 2.30-0.3 | 2.55-0.1 | 2.63 |
| FCF Margin | 19.2%-6.5pp | 25.8%+8.7pp | 17.0%+5.9pp | 11.1%-4.5pp | 15.6%+1.1pp | 14.5%+4.4pp | 10.1%+4.9pp | 5.2% |
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Frequently Asked Questions
What is Five9's annual revenue?
Five9 (FIVN) reported $1.1B in total revenue for fiscal year 2025. This represents a 10.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Five9's revenue growing?
Five9 (FIVN) revenue grew by 10.3% year-over-year, from $1.0B to $1.1B in fiscal year 2025.
Is Five9 profitable?
Yes, Five9 (FIVN) reported a net income of $39.4M in fiscal year 2025, with a net profit margin of 3.4%.
What is Five9's EBITDA?
Five9 (FIVN) had EBITDA of $90.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Five9's gross margin?
Five9 (FIVN) had a gross margin of 55.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Five9's operating margin?
Five9 (FIVN) had an operating margin of 2.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Five9's net profit margin?
Five9 (FIVN) had a net profit margin of 3.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Five9's return on equity (ROE)?
Five9 (FIVN) has a return on equity of 5.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Five9's free cash flow?
Five9 (FIVN) generated $201.2M in free cash flow during fiscal year 2025. This represents a 99.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Five9's operating cash flow?
Five9 (FIVN) generated $226.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Five9's total assets?
Five9 (FIVN) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Five9's capital expenditures?
Five9 (FIVN) invested $25.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Five9 spend on research and development?
Five9 (FIVN) invested $152.3M in research and development during fiscal year 2025.
What is Five9's current ratio?
Five9 (FIVN) had a current ratio of 4.51 as of fiscal year 2025, which is generally considered healthy.
What is Five9's debt-to-equity ratio?
Five9 (FIVN) had a debt-to-equity ratio of 1.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Five9's return on assets (ROA)?
Five9 (FIVN) had a return on assets of 2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Five9's Altman Z-Score?
Five9 (FIVN) has an Altman Z-Score of 2.08, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Five9's Piotroski F-Score?
Five9 (FIVN) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Five9's earnings high quality?
Five9 (FIVN) has an earnings quality ratio of 5.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Five9 cover its interest payments?
Five9 (FIVN) has an interest coverage ratio of 2.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Five9?
Five9 (FIVN) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.