Who are F5’s biggest customers?
Two distributors: 17.5% and 15.8% of FY2025 revenue. *
Distributors are sales channels, not customers.
Numbers, method and sources
FY2025
“The following distributor customers accounted for more than 10% of total net revenue:”
Share of revenue per customer, as the filing states it. US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
Source: the filing’s tagged data (XBRL ConcentrationRiskPercentage, benchmark revenue), or the filing text where a share is not tagged.
FY2025
Two distributors: 17.5% and 15.8% of revenue. Sales channels, not customers.
FY2024
Two distributors: 16.3% and 15.9% of revenue. Sales channels, not customers.
FY2023
Two distributors: 15.6% and 15.0% of revenue. Sales channels, not customers.
SEC filings only. No market data.