Five9 (FIVN) FY2025 results: revenue $1.1 billion, up 10.3% on the year
Five9, Inc. (FIVN) reported revenue of $1.1 billion for fiscal 2025, the year ended 31 December 2025, up 10.3% on the year before. Net income was $39 million, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2026.
Revenue
$1.1 billion
+10.3% on the year
FY2018FY2025
Operating margin
2.5%
-4.9% a year earlier
FY2018FY2025
Net income
$39 million
FY2018FY2025
Diluted EPS
$0.45
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 6 new.
Fourth-quarter revenue rose 8%: Fourth-quarter revenue increased 8% to $300.3 million, from $278.7 million a year earlier.
Full-year revenue rose 10%: Full-year 2025 revenue increased 10% to $1,149.1 million, from $1,041.9 million in 2024.
Enterprise AI revenue grew 50%: The headline puts fourth-quarter Enterprise AI revenue growth at 50%.
Fourth-quarter adjusted EBITDA margin rose: Fourth-quarter adjusted EBITDA was $77.3 million, or 25.7% of revenue, against $64.3 million, or 23.1%, a year earlier.
Fourth-quarter operating cash flow rose: Fourth-quarter GAAP operating cash flow was $83.6 million, against $49.8 million a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
226
143
129
+58.0%
Capital expenditure
25.0
42.4
31.2
-41.1%
Free cash flow
201
101
97.6
+99.7%
Free cash flow margin
17.5%
9.7%
10.7%
Cash from investing
122
-267
-260
Cash from financing
-479
343
94.6
Depreciation and amortisation
61.8
52.9
48.5
+16.7%
Share-based compensation
148
166
206
-11.0%
Buybacks
50.0
0.0
0.0
Diluted shares, weighted
88m
75m
72m
+18.1%
Shares outstanding at period end
77m
76m
73m
+1.8%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
786
622
538
+26.3%
Debt
735
1,165
742
-36.9%
Operating lease liabilities
42.1
37.1
36.4
+13.6%
Finance lease liabilities
6.1
11.7
2.9
-47.9%
Other liabilities
221
215
175
+2.6%
Total liabilities and equity
1,790
2,051
1,495
-12.7%
Fixed assets
165
145
109
+13.6%
Goodwill
366
365
227
+0.2%
Intangible assets
51.2
65.6
38.3
-22.0%
Investments
465
643
587
-27.8%
Cash and equivalents
232
363
143
-36.0%
Receivables
131
115
97.4
+13.7%
Other assets
380
354
293
+7.3%
Total assets
1,790
2,051
1,495
-12.7%
10-K for the year ended 31 December 2025, filed 20 February 2026: the filing.