Palo Alto Networks (PANW) stock price, revenue, and financials

Palo Alto Networks market cap is $50.4 b, and annual revenue was $4.26 b in FY 2021

$50.4 B

PANW Mkt cap, 26-May-2022

Palo Alto Networks Revenue Q3, 2022

Palo Alto Networks Gross profit (Q3, 2022)946.2 M

Palo Alto Networks Gross profit margin (Q3, 2022), %68.2%

Palo Alto Networks Net income (Q3, 2022)-73.2 M

Palo Alto Networks EBIT (Q3, 2022)-47.6 M

Palo Alto Networks Cash, 31-Jan-20221.9 B

Palo Alto Networks EV52.4 B

Palo Alto Networks revenue was $4.26 b in FY, 2021 which is a 24.9% year over year increase from the previous period.

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Palo Alto Networks revenue breakdown by business segment: 26.3% from Product and 73.7% from Subscription and Support

Palo Alto Networks revenue breakdown by geographic segment: 69.0% from Americas, 11.8% from APAC and 19.2% from EMEA

USD	FY, 2016	FY, 2017	FY, 2019	FY, 2020	FY, 2021
Revenue	1.4b	1.8b	2.9b	3.4b	4.3b
Revenue growth, %	49%	28%	28%	18%	25%
Cost of goods sold	175.4m	476.6m	808.4m	999.5m	1.3b
Gross profit	1.2b	1.3b	2.1b	2.4b	3.0b
Gross profit Margin, %	87%	73%	72%	71%	70%
Sales and marketing expense	776.0m	919.1m	1.3b	1.5b	1.8b
R&D expense	284.2m	347.4m	539.5m	768.1m	1.1b
General and administrative expense	138.4m	198.3m	261.8m	299.6m	391.1m
Operating expense total	1.2b	1.5b	2.1b	2.6b	3.3b
EBIT	(190.1m)	(179.8m)	(54.1m)	(179.0m)	(304.1m)
EBIT margin, %	(14%)	(10%)	(2%)	(5%)	(7%)
Interest expense	23.4m	24.5m	83.9m	88.7m	163.3m
Pre tax profit	(205.1m)	(194.1m)	(74.6m)	(231.8m)	(465.0m)
Income tax expense	20.8m	22.5m	7.3m	35.2m	33.9m
Net Income	(225.9m)	(216.6m)	(81.9m)	(267.0m)	(498.9m)
EPS		(2.4)	(0.9)	(2.8)	(5.2)

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022	Q3, 2022
Revenue	771.9m	816.7m	869.4m	946.0m	1.0b	1.1b	1.2b	1.3b	1.4b
Cost of goods sold	217.7m	233.1m	258.3m	277.8m	307.6m	330.6m	380.6m	405.3m	440.5m
Gross profit	554.2m	583.6m	611.1m	668.2m	709.3m	743.3m	866.8m	911.6m	946.2m
Gross profit Margin, %	72%	71%	70%	71%	70%	69%	69%	69%	68%
Sales and marketing expense	365.7m	374.9m	388.4m	388.6m	427.4m	448.0m	505.9m	528.8m	543.6m
R&D expense	170.5m	185.4m	196.3m	237.4m	266.7m	311.0m	339.5m	359.0m	355.4m
General and administrative expense	69.8m	76.2m	82.9m	86.7m	104.0m	94.7m	104.1m	97.7m	94.8m
Operating expense total	606.0m	636.5m	667.6m	712.7m	798.1m	853.7m	949.5m	985.5m	993.8m
EBIT	(51.8m)	(52.9m)	(56.5m)	(44.5m)	(88.8m)	(110.4m)	(82.7m)	(73.9m)	(47.6m)
EBIT margin, %	(7%)	(6%)	(6%)	(5%)	(9%)	(10%)	(7%)	(6%)	(3%)
Interest expense	18.9m	19.0m	19.4m	40.2m	40.7m	41.0m	6.9m	6.8m	6.8m
Pre tax profit	(54.5m)	(61.1m)	(67.8m)	(82.3m)	(130.0m)	(150.4m)	(91.2m)	(80.8m)	(52.5m)
Income tax expense	5.1m	12.6m	7.0m	9.9m	12.3m	(5.3m)	12.4m	12.7m	20.7m
Net Income	(59.6m)	(73.7m)	(74.8m)	(92.2m)	(142.3m)	(145.1m)	(103.6m)	(93.5m)	(73.2m)
EPS	(0.6)	(0.7)	(0.8)	(1.0)	(1.5)	(1.5)	1.1	(0.9)	(0.7)

USD	FY, 2019	FY, 2020	FY, 2021
Cash	961.4m	3.0b	1.9b
Accounts Receivable	582.4m	1.0b	1.2b
Prepaid Expenses	279.3m	344.3m	229.3m
Current Assets	3.7b	5.1b	4.6b
PP&E	296.0m	348.1m	318.4m
Goodwill	1.4b	1.8b	2.7b
Total Assets	6.6b	9.1b	10.2b
Accounts Payable	73.3m	63.6m	56.9m
Short-term debt			1.6b
Current Liabilities	2.1b	2.7b	5.1b
Long-term debt	1.4b	3.4b	2.0b
Total Debt	1.4b	3.4b	2.0b
Total Liabilities	5.0b	8.0b	9.6b
Additional Paid-in Capital	2.5b	2.3b	2.3b
Retained Earnings	(900.9m)	(1.2b)	(1.7b)
Total Equity	1.6b	1.1b	634.5m
Debt to Equity Ratio	0.9 x	3.1 x	3.1 x
Debt to Assets Ratio	0.2 x	0.4 x	0.2 x
Financial Leverage	4.2 x	8.2 x	16.1 x

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022
Cash	1.3b	2.0b	1.5b	2.1b	2.1b	1.9b	2.3b	1.9b
Accounts Receivable	499.2m	540.3m	668.8m	675.5m	669.2m	766.8m	812.1m	952.2m
Prepaid Expenses	289.4m	304.0m	306.4m	407.8m	435.4m	428.7m	292.7m	298.0m
Current Assets	3.6b	4.0b	3.0b	4.3b	4.3b	4.1b	4.8b	4.9b
PP&E	316.4m	311.4m	357.2m	337.9m	330.7m	322.7m	324.3m	362.7m
Goodwill	1.4b	1.5b	1.8b	2.0b	2.6b	2.7b	2.7b	2.7b
Total Assets	6.8b	7.2b	6.5b	8.7b	9.5b	9.6b	10.4b	10.4b
Accounts Payable	74.7m	55.4m	52.3m	48.5m	44.7m	71.8m	95.3m	120.4m
Short-term debt					1.5b		3.7b	3.7b
Current Liabilities	2.1b	2.2b	2.3b	2.6b	4.4b	3.0b	7.1b	7.4b
Long-term debt	1.8b	1.8b	1.8b	3.4b	1.9b	3.5b	299.5m	282.4m
Total Debt	1.8b	1.8b	1.8b	3.4b	3.5b	3.5b	4.0b	4.0b
Total Liabilities	5.3b	5.6b	5.8b	8.0b	8.5b	8.6b	9.8b	10.3b
Additional Paid-in Capital	2.5b	2.6b	1.9b	2.0b	2.4b	2.5b	2.0b	1.7b
Retained Earnings	(960.5m)	(1.0b)	(1.1b)	(1.3b)	(1.4b)	(1.5b)	(1.5b)	(1.6b)
Total Equity	1.5b	1.6b	744.7m	747.0m	1.0b	997.2m	518.9m	117.8m
Debt to Equity Ratio	1.2 x	1.1 x	2.4 x	4.6 x	3.3 x	3.5 x	7.7 x	33.6 x
Debt to Assets Ratio	0.3 x	0.3 x	0.3 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x
Financial Leverage	4.5 x	4.5 x	8.7 x	11.7 x	9.1 x	9.6 x	20.1 x	88.3 x

USD	FY, 2019	FY, 2020	FY, 2021
Net Income	(81.9m)	(267.0m)	(498.9m)
Depreciation and Amortization	153.8m	206.1m	260.4m
Accounts Receivable	(108.7m)	(435.6m)	(172.4m)
Accounts Payable	32.3m	(12.8m)	(11.8m)
Cash From Operating Activities	1.1b	1.0b	1.5b
Purchases of PP&E	(131.2m)	(214.4m)	(116.0m)
Cash From Investing Activities	(1.8b)	288.0m	(1.5b)
Long-term Borrowings	(477.4m)
Cash From Financing Activities	(773.9m)	673.0m	(1.1b)
Net Change in Cash	(1.5b)	2.0b	(1.1b)
Income Taxes Paid	22.0m	17.2m	24.9m

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022	Q2, 2022
Net Income	(59.6m)	133.3m	(208.1m)	(92.2m)	(234.5m)	(379.6m)	(103.6m)	(197.1m)
Depreciation and Amortization	44.0m	92.4m	145.6m	58.0m	122.9m	191.6m	69.0m	138.7m
Accounts Receivable	83.9m	43.1m	(67.2m)	382.3m	398.7m	301.3m	428.4m	288.3m
Accounts Payable	(2.5m)	(17.3m)	(22.8m)	(17.7m)	(23.6m)	3.4m	37.6m	59.8m
Cash From Operating Activities	225.2m	532.1m	702.0m	534.9m	899.4m	1.2b	588.9m	1.1b
Purchases of PP&E	(47.2m)	(96.3m)	(182.6m)	(29.6m)	(61.7m)	(88.6m)	(34.6m)	(115.3m)
Cash From Investing Activities	244.5m	680.9m	955.6m	(886.2m)	(1.3b)	(1.5b)	(229.9m)	(504.2m)
Cash From Financing Activities	(167.1m)	(173.2m)	(1.1b)	(464.5m)	(469.9m)	(768.4m)	38.7m	(519.8m)
Net Change in Cash	302.6m	1.0b	525.1m	(815.8m)	(841.1m)	(1.1b)	397.7m	47.5m

USD	FY, 2016
Revenue/Employee	363.2k

	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020	Q3, 2020	FY, 2020	Q1, 2021	Q2, 2021	Q3, 2021	FY, 2021	Q1, 2022	Q2, 2022
Billings	$852.5 m	$821.9 m	$3.49 b	$897.4 m	$998.9 m	$1.02 b	$4.3 b	$1.08 b	$1.21 b	$1.29 b	$5.45 b	$1.38 b	$1.61 b
ARR (Cloud and AI)							$388 m
ARR (Next-Gen Security)						$568 m	$651 m	$7.19 b	$840 m	$973 m	$1.18 b	$1.27 b	$1.43 b
Countries (Customers)	150	150	150	150	150	150	170	170	170	170	170	170	170
Customers (Cortex)							1 k	1.59 k	1.91 k	2.18 k	2.62 k	2.86 k	3.23 k
Customers (Prisma Cloud)						1.5 k	1.8 k	1.33 k	1.42 k	1.53 k	1.67 k	1.72 k	1.81 k
Customers (Prisma SASE)								1.08 k	1.22 k	1.41 k	1.64 k	1.81 k	1.98 k
Customers (Strata)						1 k	1.64 k
Customers to Date	59 k	62 k			70 k	73 k	75 k		80 k	82 k	85 k
Customers to Date (Cloud and AI)							8 k		9 k	9 k	10 k
Customers to Date (Network Security)							73 k		78 k	80 k	83 k
Remaining Performance Obligations	$2.6 b	$2.7 b	$3.1 b	$3.1 b	$3.3 b	$3.5 b	$4.3 b	$4.4 b	$4.6 b	$4.9 b	$5.9 b	$6 b	$6.3 b

	FY, 2021	Oct, 2020
Male (Managers), percent	18.8%
Female (Managers), percent	6.2%
Male (Technical Staff), percent	20.5%
Male (Directors), percent	19.6%	39.3%
Female (Directors), percent	5.4%	10.8%
Male, percent	18.8%	38.2%
Female, percent	6.2%	11.8%
Other	4.5%