Five9 (FIVN) Financials

$21.84 -2.42 (-9.96%)

As of 12:16 PM Eastern

Annual Income Statements for Five9

This table shows Five9's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-26	-12	-8.97	-0.22	-4.55	-42	-53	-95	-82	-13	39
Consolidated Net Income / (Loss)	-26	-12	-8.97	-0.22	-4.55	-42	-53	-95	-82	-13	39
Net Income / (Loss) Continuing Operations	-26	-12	-8.97	-0.22	-4.55	-42	-53	-95	-82	-13	39
Total Pre-Tax Income	-26	-12	-8.70	0.08	-4.45	-45	-64	-90	-79	-13	45
Total Operating Income	-21	-6.54	-5.72	7.01	3.27	-12	-56	-88	-99	-51	29
Total Gross Profit	69	95	117	154	193	255	338	411	478	564	633
Total Revenue	129	162	200	258	328	435	610	779	910	1,042	1,149
Operating Revenue	129	162	200	258	328	435	610	779	910	1,042	1,149
Total Cost of Revenue	59	67	83	104	135	180	271	368	433	478	516
Operating Cost of Revenue	59	67	83	104	135	180	271	368	433	478	516
Total Operating Expenses	91	102	123	147	190	267	395	499	576	616	604
Selling, General & Admin Expense	26	25	29	40	49	66	94	95	123	138	140
Marketing Expense	42	53	67	72	96	132	194	262	297	312	312
Research & Development Expense	23	24	27	34	45	69	107	142	157	166	152
Total Other Income / (Expense), net	-4.63	-5.26	-2.98	-6.93	-7.72	-32	-8.04	-2.68	19	39	16
Interest Expense	4.73	5.25	3.47	10	14	35	8.03	7.49	7.65	8.20	14
Other Income / (Expense), net	0.10	-0.01	0.49	3.32	6.08	3.03	-0.01	4.81	27	47	30
Income Tax Expense	0.06	0.05	0.27	0.30	0.10	-2.45	-11	4.39	2.34	0.04	5.53
Basic Earnings per Share	($0.52)	($0.23)	($0.16)	$0.00	($0.08)	($0.66)	($0.79)	($1.35)	($1.13)	($0.17)	$0.51
Weighted Average Basic Shares Outstanding	50.14M	52.34M	54.95M	0.00	60.37M	64.15M	67.51M	69.92M	72.05M	74.50M	76.92M
Diluted Earnings per Share	($0.52)	($0.23)	($0.16)	$0.00	($0.08)	($0.66)	($0.79)	($1.35)	($1.13)	($0.17)	$0.45
Weighted Average Diluted Shares Outstanding	50.14M	52.34M	54.95M	0.00	60.37M	64.15M	67.51M	69.92M	72.05M	74.50M	88.00M
Weighted Average Basic & Diluted Shares Outstanding	50.14M	52.34M	54.95M	58.08M	60.37M	66.66M	69.15M	71.15M	73.33M	75.81M	76.50M

This table shows Five9's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-20	-12	-7.08	-13	-4.48	12	0.58	1.15	18	20	18
Consolidated Net Income / (Loss)	-20	-12	-7.08	-13	-4.48	12	0.58	1.15	18	20	18
Net Income / (Loss) Continuing Operations	-20	-12	-7.08	-13	-4.48	12	0.58	1.15	18	20	18
Total Pre-Tax Income	-19	-12	-6.09	-9.47	-8.35	11	0.76	2.54	19	23	21
Total Operating Income	-26	-19	-21	-19	-15	4.18	-5.43	-1.56	16	20	18
Total Gross Profit	119	127	132	134	142	156	154	155	157	166	171
Total Revenue	230	239	247	252	264	279	280	283	286	300	305
Operating Revenue	230	239	247	252	264	279	280	283	286	300	305
Total Cost of Revenue	111	112	115	118	122	123	126	128	129	134	135
Operating Cost of Revenue	111	112	115	118	122	123	126	128	129	134	135
Total Operating Expenses	145	145	153	153	158	152	159	157	141	147	152
Selling, General & Admin Expense	31	33	31	34	37	36	35	36	34	34	33
Marketing Expense	73	73	81	78	79	74	83	81	72	77	79
Research & Development Expense	40	39	42	41	42	41	41	40	35	36	40
Total Other Income / (Expense), net	6.26	6.36	15	9.89	7.08	6.97	6.19	4.10	2.57	3.23	2.07
Interest Expense	1.97	1.96	-4.05	3.91	4.07	4.27	4.12	3.82	3.09	3.05	3.14
Other Income / (Expense), net	8.23	8.32	11	14	11	11	10	7.92	5.66	6.29	5.21
Income Tax Expense	0.94	0.12	0.99	3.35	-3.87	-0.43	0.18	1.38	0.64	3.32	2.15
Basic Earnings per Share	($0.28)	($0.17)	($0.10)	($0.17)	($0.06)	$0.16	$0.01	$0.02	$0.23	$0.25	$0.24
Weighted Average Basic Shares Outstanding	72.36M	72.05M	73.49M	74.20M	74.88M	74.50M	75.95M	76.65M	77.53M	76.92M	76.82M
Diluted Earnings per Share	($0.28)	($0.17)	($0.10)	($0.17)	($0.06)	$0.16	$0.01	$0.01	$0.21	$0.22	$0.21
Weighted Average Diluted Shares Outstanding	72.36M	72.05M	73.49M	74.20M	74.88M	74.50M	89.28M	88.52M	87.30M	88.00M	86.30M
Weighted Average Basic & Diluted Shares Outstanding	72.70M	73.33M	73.87M	74.74M	75.21M	75.81M	76.27M	77.26M	78.22M	76.50M	76.56M

This table details how cash moves in and out of Five9's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.20	-0.36	11	13	-3.94	142	-129	90	-36	219	-130
Net Cash From Operating Activities	-13	6.84	11	39	51	67	29	89	129	143	226
Net Cash From Continuing Operating Activities	-13	6.84	11	39	51	67	29	89	129	143	226
Net Income / (Loss) Continuing Operations	-26	-12	-8.97	-0.22	-4.55	-42	-53	-95	-82	-13	39
Consolidated Net Income / (Loss)	-26	-12	-8.97	-0.22	-4.55	-42	-53	-95	-82	-13	39
Depreciation Expense	7.39	8.39	8.31	10	14	25	39	45	49	53	62
Amortization Expense	0.35	0.24	0.00	7.21	28	51	45	45	48	56	83
Non-Cash Adjustments To Reconcile Net Income	7.95	7.64	17	28	42	69	110	178	221	179	172
Changes in Operating Assets and Liabilities, net	-2.79	2.43	-5.11	-7.06	-29	-36	-112	-84	-106	-132	-130
Net Cash From Investing Activities	20	-2.40	-2.65	-217	-64	-382	-150	31	-260	-267	122
Net Cash From Continuing Investing Activities	20	-2.40	-2.65	-217	-64	-382	-150	31	-260	-267	122
Purchase of Property, Plant & Equipment	-1.12	-1.13	-2.65	-9.26	-19	-30	-42	-56	-41	-65	-64
Acquisitions	-	-	0.00	0.00	-14	-165	0.00	0.00	-81	-167	0.00
Purchase of Investments	-20	-1.21	0.00	-221	-359	-621	-680	-438	-795	-1,289	-745
Sale and/or Maturity of Investments	40	0.00	0.00	11	329	434	572	525	657	1,254	932
Other Investing Activities, net	0.81	-0.06	-	0.00	-	-0.10	0.00	-0.27	0.00	0.00	-0.29
Net Cash From Financing Activities	-6.56	-4.80	2.37	191	8.47	457	-7.50	-30	95	343	-479
Net Cash From Continuing Financing Activities	-6.56	-4.80	2.37	191	8.47	457	-7.50	-30	95	343	-479
Repayment of Debt	-9.19	-43	-7.77	-33	-	-	0.00	0.00	-0.17	-2.21	-434
Repurchase of Preferred Equity	-	-	-	0.00	0.00	-200	-25	-34	0.00	-304	0.00
Repurchase of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	-50
Issuance of Debt	0.00	33	0.00	251	0.00	729	-	0.00	0.00	731	0.00
Issuance of Common Equity	1.37	1.98	4.10	5.73	7.82	23	23	22	25	15	16
Other Financing Activities, net	1.27	3.92	6.04	-32	0.65	-94	-5.61	-18	70	-97	-9.77
Cash Interest Paid	4.34	4.23	3.31	2.29	1.03	2.32	4.07	3.74	3.90	6.59	9.70
Cash Income Taxes Paid	0.19	0.12	0.12	0.16	0.28	0.29	0.03	1.03	1.59	3.75	4.84

This table details how cash moves in and out of Five9's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-68	15	97	-64	115	71	8.12	-165	-12	39	41
Net Cash From Operating Activities	37	37	32	20	41	50	48	35	59	84	64
Net Cash From Continuing Operating Activities	37	37	32	20	41	50	48	35	59	84	64
Net Income / (Loss) Continuing Operations	-20	-12	-7.08	-13	-4.48	12	0.58	1.15	18	20	18
Consolidated Net Income / (Loss)	-20	-12	-7.08	-13	-4.48	12	0.58	1.15	18	20	18
Depreciation Expense	12	13	12	13	13	15	14	15	16	17	18
Amortization Expense	15	3.35	12	16	19	6.20	24	31	27	6.97	24
Non-Cash Adjustments To Reconcile Net Income	53	63	41	44	36	60	40	38	35	54	40
Changes in Operating Assets and Liabilities, net	-23	-30	-27	-40	-22	-43	-30	-49	-36	-14	-35
Net Cash From Investing Activities	-105	-25	-267	-93	75	18	-38	229	-72	3.15	-0.15
Net Cash From Continuing Investing Activities	-105	-25	-267	-93	75	18	-38	229	-72	3.15	-0.15
Purchase of Property, Plant & Equipment	-5.55	-15	-15	-12	-20	-17	-13	-13	-21	-16	-14
Purchase of Investments	-207	-250	-525	-292	-177	-296	-276	-39	-254	-176	-114
Sale and/or Maturity of Investments	188	241	273	210	440	331	251	282	203	196	128
Net Cash From Financing Activities	0.34	3.53	331	9.02	-1.01	3.33	-2.16	-429	0.58	-48	-23
Net Cash From Continuing Financing Activities	0.34	3.53	331	9.02	-1.01	3.33	-2.16	-429	0.58	-48	-23
Repayment of Debt	-	-	-2.18	-	-	-2.21	0.00	-434	-	-	-11
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-10
Issuance of Common Equity	1.33	7.30	0.39	9.53	0.03	5.33	0.00	7.95	3.09	4.57	0.45
Other Financing Activities, net	-1.00	-3.76	-93	-0.49	-1.04	-2.01	-2.17	-2.51	-2.51	-2.59	-2.48
Cash Interest Paid	0.08	1.94	0.46	1.15	4.16	0.83	4.03	1.40	4.02	0.25	4.13
Cash Income Taxes Paid	0.31	0.47	0.01	1.50	1.83	0.41	0.00	2.92	0.24	1.68	0.02

This table presents Five9's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	99	105	128	395	482	1,064	1,193	1,244	1,495	2,051	1,790
Total Current Assets	71	75	93	334	381	689	617	779	924	1,249	960
Cash & Equivalents	58	58	69	82	78	220	91	181	143	363	232
Short-Term Investments	-	-	0.00	210	242	383	379	434	587	643	465
Accounts Receivable	11	14	19	25	38	49	84	87	97	115	131
Prepaid Expenses	2.18	3.01	4.84	8.01	11	16	30	30	35	51	43
Other Current Assets	-	-	0.00	9.37	13	21	33	47	62	77	89
Plant, Property, & Equipment, net	13	15	20	26	33	0.00	0.00	101	109	145	165
Total Noncurrent Assets	15	16	15	35	68	375	576	365	462	658	666
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	0.00	4.56	19	14
Goodwill	12	12	12	12	12	165	165	165	227	365	366
Intangible Assets	2.04	1.54	1.07	0.63	16	52	40	28	38	66	51
Other Noncurrent Operating Assets	0.93	2.20	2.60	22	41	115	223	170	192	207	234
Total Liabilities & Shareholders' Equity	99	105	128	395	482	1,064	1,193	1,244	1,495	2,051	1,790
Total Liabilities	73	75	81	252	286	785	982	935	956	1,429	1,004
Total Current Liabilities	49	34	40	48	66	104	158	151	167	642	213
Accounts Payable	2.57	3.37	4.29	7.01	10	17	21	24	24	26	30
Accrued Expenses	14	12	13	15	21	48	81	59	62	84	84
Current Deferred Revenue	6.41	10	14	17	25	32	44	58	68	79	78
Other Current Liabilities	-	-	-	6.65	8.58	4.52	9.83	11	12	19	21
Total Noncurrent Liabilities	24	41	42	204	220	681	824	784	789	787	791
Long-Term Debt	17	33	33	197	210	643	769	738	742	732	735
Capital Lease Obligations	4.61	5.92	7.16	4.51	5.14	5.38	47	0.00	39	12	48
Other Noncurrent Operating Liabilities	2.50	2.01	2.09	2.65	5.19	32	8.55	45	7.89	44	7.55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	26	30	47	143	196	279	211	310	538	622	786
Total Preferred & Common Equity	26	30	47	143	196	279	211	310	538	622	786
Total Common Equity	26	30	47	143	196	279	211	310	538	622	786
Common Stock	181	197	222	294	352	477	440	636	942	1,039	1,163
Retained Earnings	-154	-166	-175	-151	-156	-198	-228	-323	-405	-418	-378
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	-0.09	0.58	0.34	-0.29	-2.69	0.58	0.64	0.90

This table presents Five9's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,207	1,286	1,403	1,456	1,871	1,910	2,008	2,090	1,705	1,768	1,865
Total Current Assets	742	800	841	891	1,289	1,322	1,204	1,287	894	949	1,005
Cash & Equivalents	129	141	196	128	240	176	291	370	205	193	273
Short-Term Investments	448	488	464	572	843	931	676	671	430	483	451
Accounts Receivable	88	88	88	94	103	104	116	119	128	138	137
Prepaid Expenses	33	32	38	38	36	42	49	48	48	50	55
Other Current Assets	44	51	54	58	67	70	73	79	82	85	90
Plant, Property, & Equipment, net	0.00	101	99	102	114	125	136	146	154	164	167
Total Noncurrent Assets	465	385	463	464	468	464	668	656	656	655	693
Noncurrent Note & Lease Receivables	-	-	2.17	4.61	4.11	3.65	21	21	19	17	12
Goodwill	165	165	165	227	227	227	365	367	367	366	366
Intangible Assets	31	25	23	41	36	33	70	62	58	55	48
Other Noncurrent Operating Assets	269	180	188	190	201	200	211	207	213	217	267
Total Liabilities & Shareholders' Equity	1,207	1,286	1,403	1,456	1,871	1,910	2,008	2,090	1,705	1,768	1,865
Total Liabilities	937	947	944	963	1,388	1,385	1,442	1,426	987	993	1,036
Total Current Liabilities	151	160	158	172	184	615	650	639	202	206	223
Accounts Payable	21	22	23	29	26	29	34	29	31	30	31
Accrued Expenses	64	66	62	63	79	76	84	80	82	81	88
Current Deferred Revenue	54	58	58	65	67	65	80	75	68	75	83
Other Current Liabilities	10	12	13	13	12	11	19	20	21	20	21
Total Noncurrent Liabilities	786	787	786	791	1,204	770	792	787	786	787	813
Long-Term Debt	737	739	740	741	1,161	730	731	733	734	735	736
Capital Lease Obligations	42	-	1.46	3.05	37	1.95	14	12	45	43	43
Other Noncurrent Operating Liabilities	6.04	48	44	46	6.60	38	47	42	7.04	9.38	33
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	269	339	459	494	484	526	566	664	717	775	830
Total Preferred & Common Equity	269	339	459	494	484	526	566	664	717	775	830
Total Common Equity	269	339	459	494	484	526	566	664	717	775	830
Common Stock	583	690	832	887	896	951	993	1,081	1,133	1,172	1,189
Retained Earnings	-309	-350	-372	-392	-412	-425	-429	-417	-416	-398	-360
Accumulated Other Comprehensive Income / (Loss)	-4.10	-0.96	-1.40	-0.80	-0.30	-0.50	1.83	0.50	0.11	0.75	0.87

This table displays calculated financial ratios and metrics derived from Five9's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.99%	25.78%	23.53%	28.69%	27.30%	32.59%	40.17%	27.77%	16.90%	14.44%	10.28%
EBITDA Growth	50.30%	115.60%	48.48%	801.72%	85.03%	29.87%	-58.75%	-76.10%	272.14%	326.14%	94.70%
EBIT Growth	37.24%	68.86%	20.20%	297.40%	-9.47%	-199.20%	-506.82%	-47.12%	13.28%	93.65%	1,394.82%
NOPAT Growth	40.47%	69.07%	12.57%	-389.70%	111.66%	-476.65%	-357.13%	-55.70%	-12.55%	47.96%	170.46%
Net Income Growth	31.62%	54.10%	24.38%	97.54%	-1,959.73%	-825.53%	-25.80%	-78.58%	13.61%	84.35%	408.06%
EPS Growth	48.00%	55.77%	30.43%	100.00%	0.00%	-725.00%	-19.70%	-70.89%	16.30%	84.96%	364.71%
Operating Cash Flow Growth	46.71%	152.85%	62.42%	247.76%	32.62%	31.40%	-56.91%	206.45%	44.98%	11.12%	58.00%
Free Cash Flow Firm Growth	31.64%	54.75%	-30.11%	-343.71%	22.07%	-442.80%	16.43%	48.98%	-164.22%	-23.25%	77.49%
Invested Capital Growth	29.15%	24.92%	36.81%	111.91%	74.81%	209.24%	45.15%	5.81%	35.95%	40.93%	10.00%
Revenue Q/Q Growth	6.41%	5.31%	5.92%	7.03%	6.47%	8.92%	8.11%	4.67%	3.49%	3.95%	1.92%
EBITDA Q/Q Growth	31.50%	225.96%	-23.98%	60.94%	29.36%	3.12%	-36.58%	-48.09%	-26.77%	20.23%	1.50%
EBIT Q/Q Growth	21.77%	35.27%	-21.71%	211.90%	-23.86%	-15.58%	-36.98%	1.75%	0.37%	84.94%	22.05%
NOPAT Q/Q Growth	22.03%	35.14%	-22.30%	-2,453.84%	-47.48%	-3.07%	-35.20%	-1.47%	-5.74%	30.75%	102.09%
Net Income Q/Q Growth	18.47%	24.87%	-13.12%	95.18%	-175.05%	-23.61%	6.38%	-11.88%	1.56%	65.16%	26.01%
EPS Q/Q Growth	-215.56%	25.81%	-14.29%	100.00%	-300.00%	-24.53%	7.06%	-10.66%	1.74%	66.00%	15.38%
Operating Cash Flow Q/Q Growth	21.07%	73.64%	0.42%	48.36%	0.19%	5.89%	-26.89%	37.19%	3.04%	10.22%	17.54%
Free Cash Flow Firm Q/Q Growth	6.77%	-25.56%	-0.59%	-39.42%	-270.44%	-178.13%	23.16%	59.90%	-72.10%	4.64%	38.68%
Invested Capital Q/Q Growth	5.44%	37.28%	20.68%	-5.23%	31.56%	112.57%	27.73%	-8.27%	9.55%	6.93%	-0.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.83%	58.71%	58.49%	59.62%	58.99%	58.55%	55.53%	52.81%	52.48%	54.17%	55.07%
EBITDA Margin	-10.33%	1.28%	1.54%	10.79%	15.69%	15.37%	4.52%	0.85%	2.69%	10.03%	17.71%
Operating Margin	-16.41%	-4.04%	-2.86%	2.72%	1.00%	-2.83%	-9.23%	-11.25%	-10.83%	-4.92%	2.51%
EBIT Margin	-16.33%	-4.04%	-2.61%	4.01%	2.85%	-2.13%	-9.23%	-10.63%	-7.88%	-0.44%	5.14%
Profit (Net Income) Margin	-20.05%	-7.32%	-4.48%	-0.09%	-1.39%	-9.69%	-8.69%	-12.15%	-8.98%	-1.23%	3.43%
Tax Burden Percent	100.24%	100.46%	103.08%	-279.75%	102.34%	94.50%	82.45%	104.86%	102.95%	100.31%	87.70%
Interest Burden Percent	122.46%	180.13%	166.37%	0.77%	-47.59%	480.89%	114.27%	109.05%	110.65%	279.84%	76.15%
Effective Tax Rate	0.00%	0.00%	0.00%	379.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.30%
Return on Invested Capital (ROIC)	-115.79%	-28.25%	-18.78%	-51.04%	3.19%	-4.61%	-11.38%	-14.55%	-13.50%	-5.06%	3.04%
ROIC Less NNEP Spread (ROIC-NNEP)	-63.82%	31.94%	9.98%	-85.43%	10.18%	60.99%	-24.91%	-35.27%	-28.12%	12.78%	13.98%
Return on Net Nonoperating Assets (RNNOA)	39.83%	-13.65%	-4.46%	50.81%	-5.87%	-13.10%	-10.24%	-21.78%	-5.79%	2.85%	2.56%
Return on Equity (ROE)	-75.96%	-41.90%	-23.25%	-0.23%	-2.68%	-17.72%	-21.62%	-36.33%	-19.28%	-2.21%	5.60%
Cash Return on Invested Capital (CROIC)	-141.23%	-50.41%	-49.87%	-122.80%	-51.25%	-106.87%	-48.22%	-20.19%	-43.97%	-39.04%	-6.49%
Operating Return on Assets (OROA)	-19.48%	-6.41%	-4.48%	3.95%	2.13%	-1.20%	-4.99%	-6.79%	-5.24%	-0.26%	3.07%
Return on Assets (ROA)	-23.91%	-11.60%	-7.68%	-0.08%	-1.04%	-5.45%	-4.70%	-7.77%	-5.97%	-0.72%	2.05%
Return on Common Equity (ROCE)	-75.96%	-41.90%	-23.25%	-0.23%	-2.68%	-17.72%	-21.62%	-36.33%	-19.28%	-2.21%	5.60%
Return on Equity Simple (ROE_SIMPLE)	-98.32%	-39.11%	-19.15%	-0.15%	-2.32%	-15.09%	-25.10%	-30.54%	-15.20%	-2.06%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	-4.58	-4.00	-20	2.29	-8.61	-39	-61	-69	-36	25
NOPAT Margin	-11.49%	-2.83%	-2.00%	-7.61%	0.70%	-1.98%	-6.46%	-7.87%	-7.58%	-3.45%	2.20%
Net Nonoperating Expense Percent (NNEP)	-51.97%	-60.20%	-28.76%	34.39%	-6.99%	-65.60%	13.53%	20.72%	14.63%	-17.84%	-10.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-5.85%	-5.23%	-1.96%	1.61%
Cost of Revenue to Revenue	46.17%	41.29%	41.51%	40.38%	41.01%	41.45%	44.47%	47.19%	47.52%	45.83%	44.93%
SG&A Expenses to Revenue	20.04%	15.47%	14.56%	15.70%	15.07%	15.12%	15.41%	12.22%	13.52%	13.20%	12.17%
R&D to Revenue	17.58%	14.73%	13.54%	13.26%	13.78%	15.81%	17.54%	18.21%	17.20%	15.95%	13.26%
Operating Expenses to Revenue	70.24%	62.74%	61.35%	56.90%	58.00%	61.38%	64.76%	64.06%	63.30%	59.09%	52.56%
Earnings before Interest and Taxes (EBIT)	-21	-6.55	-5.23	10	9.35	-9.27	-56	-83	-72	-4.56	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-13	2.08	3.08	28	51	67	28	6.59	25	104	203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.72	24.78	29.56	18.00	20.39	41.22	44.26	15.44	10.63	4.91	2.00
Price to Tangible Book Value (P/TBV)	35.32	44.24	40.76	19.72	23.68	185.42	1,606.96	41.12	21.00	15.99	4.26
Price to Revenue (P/Rev)	3.41	4.64	6.92	9.97	12.21	26.46	15.33	6.14	6.28	2.93	1.36
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	39.79
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.51%
Enterprise Value to Invested Capital (EV/IC)	29.66	41.06	55.31	47.49	42.74	40.79	23.30	11.33	9.80	3.93	1.90
Enterprise Value to Revenue (EV/Rev)	3.32	4.56	6.80	9.62	11.89	26.47	15.65	6.30	6.34	3.13	1.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	355.95	441.76	89.14	75.80	172.24	346.21	744.86	235.38	31.24	8.13
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	240.12	417.33	0.00	0.00	0.00	0.00	0.00	28.04
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	1,705.51	0.00	0.00	0.00	0.00	0.00	65.41
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	108.12	122.67	64.19	76.15	171.02	329.09	55.23	44.80	22.80	7.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.77	1.51	1.00	1.41	1.09	2.32	3.86	2.38	1.45	1.95	1.00
Long-Term Debt to Equity	0.83	1.28	0.85	1.41	1.09	2.32	3.86	2.38	1.45	1.25	1.00
Financial Leverage	-0.62	-0.43	-0.45	-0.59	-0.58	-0.21	0.41	0.62	0.21	0.22	0.18
Leverage Ratio	3.18	3.61	3.03	2.76	2.59	3.25	4.60	4.68	3.23	3.06	2.73
Compound Leverage Factor	3.89	6.51	5.03	0.02	-1.23	15.63	5.26	5.10	3.57	8.55	2.08
Debt to Total Capital	63.95%	60.16%	49.95%	58.51%	52.22%	69.91%	79.44%	70.44%	59.22%	66.12%	49.93%
Short-Term Debt to Total Capital	33.86%	9.16%	7.47%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	23.61%	0.00%
Long-Term Debt to Total Capital	30.09%	51.00%	42.48%	58.51%	52.22%	69.91%	79.44%	70.42%	59.22%	42.51%	49.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.05%	39.84%	50.05%	41.49%	47.78%	30.09%	20.56%	29.56%	40.78%	33.88%	50.07%
Debt to EBITDA	-3.50	22.05	15.16	7.24	4.17	9.71	29.59	112.09	31.87	11.62	3.85
Net Debt to EBITDA	0.89	-5.93	-7.20	-3.26	-2.04	0.05	7.20	18.73	2.08	1.99	0.43
Long-Term Debt to EBITDA	-1.65	18.69	12.89	7.24	4.17	9.71	29.59	112.06	31.87	7.47	3.85
Debt to NOPAT	-3.15	-10.00	-11.67	-10.27	93.90	-75.31	-20.72	-12.05	-11.32	-33.81	30.97
Net Debt to NOPAT	0.80	2.69	5.55	4.62	-46.00	-0.35	-5.04	-2.01	-0.74	-5.80	3.43
Long-Term Debt to NOPAT	-1.48	-8.48	-9.93	-10.27	93.90	-75.31	-20.72	-12.04	-11.32	-21.74	30.97
Altman Z-Score	2.31	5.61	10.22	7.19	9.48	9.58	6.26	3.72	4.27	1.85	1.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.47	2.20	2.35	6.96	5.78	6.65	3.92	5.16	5.53	1.95	4.51
Quick Ratio	1.42	2.11	2.23	6.60	5.42	6.30	3.51	4.65	4.95	1.75	3.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	-8.17	-11	-47	-37	-200	-167	-85	-225	-277	-54
Operating Cash Flow to CapEx	-1,159.41%	604.60%	419.09%	526.33%	269.43%	221.23%	68.69%	158.20%	316.00%	221.58%	352.91%
Free Cash Flow to Firm to Interest Expense	-3.82	-1.56	-3.06	-4.60	-2.67	-5.65	-20.78	-11.36	-29.40	-33.80	-3.84
Operating Cash Flow to Interest Expense	-2.74	1.30	3.20	3.77	3.71	1.91	3.61	11.86	16.85	17.47	16.07
Operating Cash Flow Less CapEx to Interest Expense	-2.97	1.09	2.44	3.05	2.34	1.04	-1.65	4.36	11.52	9.58	11.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.59	1.72	0.99	0.75	0.56	0.54	0.64	0.66	0.59	0.60
Accounts Receivable Turnover	13.64	13.26	12.16	11.75	10.50	10.07	9.20	9.10	9.85	9.80	9.34
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.99	11.61	11.58	11.26	11.10	0.00	0.00	0.00	8.68	8.22	7.42
Accounts Payable Turnover	17.63	22.56	21.70	18.41	15.67	13.21	14.40	16.65	18.02	18.84	18.35
Days Sales Outstanding (DSO)	26.77	27.53	30.01	31.05	34.75	36.25	39.66	40.12	37.07	37.24	39.09
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	20.70	16.18	16.82	19.83	23.29	27.64	25.35	21.92	20.26	19.37	19.89
Cash Conversion Cycle (CCC)	6.07	11.34	13.20	11.23	11.46	8.61	14.31	18.20	16.81	17.87	19.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14	18	25	52	91	282	410	433	589	830	873
Invested Capital Turnover	10.08	10.00	9.39	6.71	4.57	2.33	1.76	1.85	1.78	1.47	1.38
Increase / (Decrease) in Invested Capital	3.25	3.59	6.63	28	39	191	127	24	156	241	79
Enterprise Value (EV)	428	739	1,362	2,479	3,900	11,510	9,543	4,908	5,772	3,265	1,655
Market Capitalization	439	752	1,385	2,570	4,006	11,507	9,344	4,784	5,720	3,056	1,568
Book Value per Share	$0.52	$0.57	$0.84	$2.43	$3.22	$4.23	$3.10	$4.40	$7.40	$8.27	$10.05
Tangible Book Value per Share	$0.25	$0.32	$0.61	$2.22	$2.77	$0.94	$0.09	$1.65	$3.75	$2.54	$4.71
Total Capital	73	76	94	344	411	928	1,027	1,049	1,319	1,836	1,570
Total Debt	47	46	47	201	215	649	816	739	781	1,214	784
Total Long-Term Debt	22	39	40	201	215	649	816	738	781	781	784
Net Debt	-12	-12	-22	-91	-105	3.03	198	123	51	208	87
Capital Expenditures (CapEx)	1.12	1.13	2.65	7.34	19	30	42	56	41	65	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11	-10	-8.64	-5.81	-4.67	-18	-10	14	27	34	50
Debt-free Net Working Capital (DFNWC)	47	48	60	286	315	586	460	628	757	1,040	747
Net Working Capital (NWC)	23	41	53	286	315	586	460	628	757	607	747
Net Nonoperating Expense (NNE)	11	7.28	4.97	-19	6.84	34	14	33	13	-23	-14
Net Nonoperating Obligations (NNO)	-12	-12	-22	-91	-105	3.03	198	123	51	208	87
Total Depreciation and Amortization (D&A)	7.74	8.63	8.31	17	42	76	84	89	96	109	144
Debt-free, Cash-free Net Working Capital to Revenue	-8.60%	-6.30%	-4.32%	-2.26%	-1.42%	-4.14%	-1.67%	1.78%	2.92%	3.30%	4.33%
Debt-free Net Working Capital to Revenue	36.78%	29.55%	30.12%	111.00%	96.12%	134.64%	75.40%	80.65%	83.12%	99.85%	64.98%
Net Working Capital to Revenue	17.62%	25.25%	26.63%	111.00%	96.12%	134.64%	75.40%	80.62%	83.12%	58.25%	64.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.52)	($0.23)	($0.16)	$0.00	($0.08)	$0.00	$0.00	$0.00	($1.13)	($0.17)	$0.51
Adjusted Weighted Average Basic Shares Outstanding	51.24M	53.40M	56.73M	59.25M	61.58M	0.00	0.00	0.00	72.05M	74.50M	76.92M
Adjusted Diluted Earnings per Share	($0.52)	($0.23)	($0.16)	$0.00	($0.08)	$0.00	$0.00	$0.00	($1.13)	($0.17)	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	51.24M	53.40M	56.73M	59.25M	61.58M	0.00	0.00	0.00	72.05M	74.50M	88.00M
Adjusted Basic & Diluted Earnings per Share	($0.52)	($0.23)	($0.16)	$0.00	($0.08)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.14M	52.34M	54.95M	58.08M	60.37M	0.00	0.00	0.00	73.33M	75.81M	76.50M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-4.58	-4.00	4.91	2.29	-8.61	-39	-61	-69	-36	25
Normalized NOPAT Margin	-11.49%	-2.83%	-2.00%	1.90%	0.70%	-1.98%	-6.46%	-7.87%	-7.58%	-3.45%	2.20%
Pre Tax Income Margin	-20.00%	-7.28%	-4.35%	0.03%	-1.36%	-10.25%	-10.55%	-11.59%	-8.72%	-1.22%	3.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.45	-1.25	-1.51	1.01	0.68	-0.26	-7.01	-11.05	-9.39	-0.56	4.19
NOPAT to Interest Expense	-3.13	-0.87	-1.15	-1.91	0.17	-0.24	-4.91	-8.18	-9.02	-4.38	1.80
EBIT Less CapEx to Interest Expense	-4.69	-1.46	-2.27	0.29	-0.70	-1.12	-12.27	-18.54	-14.72	-8.44	-0.36
NOPAT Less CapEx to Interest Expense	-3.37	-1.09	-1.92	-2.63	-1.21	-1.11	-10.16	-15.68	-14.36	-12.26	-2.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	126.85%

This table displays calculated financial ratios and metrics derived from Five9's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	76,495,680.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	76,495,680.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.24
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.01%	14.74%	13.08%	13.10%	14.81%	16.56%	13.24%	12.37%	8.20%	7.76%	9.16%
EBITDA Growth	132.64%	30.53%	1,936.43%	217.17%	164.87%	500.70%	161.65%	95.17%	283.43%	6.41%	51.69%
EBIT Growth	15.63%	2.55%	59.25%	70.89%	75.56%	250.08%	148.10%	214.21%	607.20%	69.14%	386.26%
NOPAT Growth	-18.44%	-40.35%	28.63%	23.29%	40.08%	133.33%	71.60%	94.76%	243.47%	290.46%	502.51%
Net Income Growth	12.01%	9.49%	74.03%	41.05%	78.06%	193.68%	108.14%	109.00%	501.27%	70.28%	3,096.53%
EPS Growth	15.15%	10.53%	73.68%	43.33%	78.57%	194.12%	110.00%	105.88%	450.00%	37.50%	2,000.00%
Operating Cash Flow Growth	21.31%	11.62%	-3.17%	-9.03%	11.05%	36.32%	49.55%	76.38%	43.95%	67.75%	32.10%
Free Cash Flow Firm Growth	50.07%	-410.76%	-77.41%	-181.34%	-199.23%	-40.28%	-17.50%	-95.37%	65.88%	68.77%	67.80%
Invested Capital Growth	13.84%	35.95%	37.33%	28.17%	44.39%	40.93%	34.10%	47.36%	12.96%	10.00%	10.42%
Revenue Q/Q Growth	3.24%	3.89%	3.32%	2.06%	4.80%	5.48%	0.38%	1.27%	0.90%	5.06%	1.68%
EBITDA Q/Q Growth	42.10%	-41.59%	-4.82%	29.77%	18.66%	32.46%	4.29%	36.20%	24.65%	-22.28%	30.42%
EBIT Q/Q Growth	8.45%	41.30%	1.36%	45.10%	23.11%	460.41%	-68.39%	30.38%	241.46%	20.19%	-9.12%
NOPAT Q/Q Growth	-1.96%	27.74%	-11.28%	6.43%	20.36%	140.20%	-194.80%	82.73%	2,280.52%	9.40%	-2.28%
Net Income Q/Q Growth	6.07%	39.48%	42.73%	-81.09%	65.05%	358.47%	-95.02%	100.35%	1,457.45%	9.68%	-6.60%
EPS Q/Q Growth	6.67%	39.29%	41.18%	-70.00%	64.71%	366.67%	-93.75%	0.00%	2,000.00%	4.76%	-4.55%
Operating Cash Flow Q/Q Growth	69.46%	-1.31%	-11.47%	-38.56%	106.87%	21.14%	-2.87%	-27.54%	68.84%	41.17%	-23.51%
Free Cash Flow Firm Q/Q Growth	-65.33%	-102.47%	-33.62%	19.82%	-75.84%	5.08%	12.20%	-33.31%	69.29%	26.73%	-7.35%
Invested Capital Q/Q Growth	18.06%	9.55%	8.14%	-2.33%	32.99%	6.93%	-3.46%	7.33%	1.95%	-0.52%	1.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.73%	52.94%	53.63%	53.03%	53.85%	55.98%	54.96%	54.86%	55.03%	55.43%	55.85%
EBITDA Margin	4.49%	2.53%	7.20%	9.15%	10.36%	13.01%	13.52%	18.18%	22.46%	16.62%	21.32%
Operating Margin	-11.19%	-7.78%	-8.38%	-7.68%	-5.84%	1.50%	-1.94%	-0.55%	5.61%	6.59%	6.06%
EBIT Margin	-7.61%	-4.30%	-4.10%	-2.21%	-1.62%	5.53%	1.74%	2.24%	7.59%	8.69%	7.76%
Profit (Net Income) Margin	-8.87%	-5.17%	-2.87%	-5.08%	-1.70%	4.15%	0.21%	0.41%	6.29%	6.56%	6.03%
Tax Burden Percent	104.84%	100.97%	116.25%	135.32%	53.66%	103.82%	75.79%	45.50%	96.55%	85.60%	89.54%
Interest Burden Percent	111.27%	119.10%	60.06%	170.19%	195.07%	72.31%	15.59%	39.90%	85.78%	88.29%	86.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-3.82%	24.21%	54.50%	3.45%	14.40%	10.46%
Return on Invested Capital (ROIC)	-13.64%	-9.70%	-10.66%	-10.02%	-6.23%	2.29%	-2.26%	-0.38%	7.39%	7.78%	7.55%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.58%	-8.94%	-3.62%	-7.32%	-1.28%	7.87%	1.47%	1.47%	8.98%	9.93%	9.48%
Return on Net Nonoperating Assets (RNNOA)	-5.04%	-1.84%	-0.93%	-0.41%	-0.31%	1.76%	0.32%	0.24%	2.09%	1.82%	1.22%
Return on Equity (ROE)	-18.68%	-11.54%	-11.59%	-10.43%	-6.54%	4.04%	-1.94%	-0.15%	9.48%	9.60%	8.78%
Cash Return on Invested Capital (CROIC)	-25.86%	-43.97%	-43.69%	-36.06%	-44.22%	-39.04%	-32.74%	-41.94%	-10.66%	-6.49%	-4.37%
Operating Return on Assets (OROA)	-5.03%	-2.86%	-2.44%	-1.29%	-0.94%	3.25%	0.95%	1.37%	4.53%	5.20%	4.61%
Return on Assets (ROA)	-5.86%	-3.44%	-1.70%	-2.97%	-0.98%	2.44%	0.11%	0.25%	3.75%	3.93%	3.58%
Return on Common Equity (ROCE)	-18.68%	-11.54%	-11.59%	-10.43%	-6.54%	4.04%	-1.94%	-0.15%	9.48%	9.60%	8.78%
Return on Equity Simple (ROE_SIMPLE)	-16.82%	0.00%	-12.74%	-10.02%	-6.49%	0.00%	-0.77%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	-13	-14	-14	-11	4.34	-4.11	-0.71	15	17	17
NOPAT Margin	-7.83%	-5.45%	-5.86%	-5.38%	-4.09%	1.56%	-1.47%	-0.25%	5.42%	5.64%	5.42%
Net Nonoperating Expense Percent (NNEP)	1.95%	-0.76%	-7.04%	-2.70%	-4.96%	-5.58%	-3.73%	-1.86%	-1.59%	-2.15%	-1.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.99%	-	-	-	0.24%	-0.22%	-0.05%	1.00%	1.08%	1.03%
Cost of Revenue to Revenue	48.27%	47.06%	46.37%	46.97%	46.15%	44.02%	45.04%	45.14%	44.97%	44.57%	44.15%
SG&A Expenses to Revenue	13.47%	13.95%	12.37%	13.48%	13.84%	13.08%	12.59%	12.84%	12.02%	11.29%	10.77%
R&D to Revenue	17.55%	16.26%	16.81%	16.15%	16.08%	14.89%	14.69%	14.09%	12.32%	12.02%	12.99%
Operating Expenses to Revenue	62.91%	60.72%	62.01%	60.71%	59.68%	54.48%	56.90%	55.41%	49.41%	48.83%	49.80%
Earnings before Interest and Taxes (EBIT)	-18	-10	-10	-5.57	-4.28	15	4.88	6.36	22	26	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10	6.04	18	23	27	36	38	52	64	50	65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.40	10.63	9.34	6.19	3.80	4.91	3.10	2.82	2.41	2.00	1.40
Price to Tangible Book Value (P/TBV)	20.64	21.00	20.46	12.27	16.47	15.99	8.72	6.90	5.28	4.26	2.79
Price to Revenue (P/Rev)	5.28	6.28	4.81	3.36	2.14	2.93	1.92	1.83	1.66	1.36	0.99
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	228.78	59.77	39.79	20.27
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	1.67%	2.51%	4.93%
Enterprise Value to Invested Capital (EV/IC)	8.72	9.80	7.74	5.68	3.04	3.93	2.74	2.51	2.25	1.90	1.37
Enterprise Value to Revenue (EV/Rev)	5.33	6.34	4.93	3.42	2.35	3.13	2.04	1.96	1.75	1.44	1.04
Enterprise Value to EBITDA (EV/EBITDA)	139.98	235.38	85.62	47.46	27.13	31.24	17.17	14.14	9.84	8.13	5.39
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	210.04	96.66	40.77	28.04	15.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	157.47	65.41	26.06
Enterprise Value to Operating Cash Flow (EV/OCF)	37.49	44.80	36.23	26.35	18.15	22.80	13.79	12.40	10.24	7.32	5.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.51	1.45	2.48	2.21	2.08	1.95	1.77	1.09	1.00	1.00	0.94
Long-Term Debt to Equity	1.51	1.45	2.48	1.39	1.32	1.25	1.12	1.09	1.00	1.00	0.94
Financial Leverage	0.32	0.21	0.26	0.06	0.24	0.22	0.22	0.16	0.23	0.18	0.13
Leverage Ratio	3.49	3.23	3.84	3.36	3.27	3.06	3.45	2.91	2.82	2.73	2.65
Compound Leverage Factor	3.88	3.85	2.31	5.73	6.38	2.21	0.54	1.16	2.42	2.41	2.30
Debt to Total Capital	60.11%	59.22%	71.23%	68.89%	67.55%	66.12%	63.96%	52.05%	50.09%	49.93%	48.44%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	25.58%	24.84%	23.61%	23.55%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	60.11%	59.22%	71.23%	43.31%	42.72%	42.51%	40.42%	52.05%	50.09%	49.93%	48.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.89%	40.78%	28.77%	31.11%	32.45%	33.88%	36.04%	47.95%	49.91%	50.07%	51.56%
Debt to EBITDA	22.23	31.87	22.15	16.67	13.55	11.62	9.22	5.09	3.88	3.85	3.45
Net Debt to EBITDA	1.31	2.08	2.11	0.83	2.43	1.99	1.07	0.93	0.51	0.43	0.25
Long-Term Debt to EBITDA	22.23	31.87	22.15	10.48	8.57	7.47	5.83	5.09	3.88	3.85	3.45
Debt to NOPAT	-11.40	-11.32	-18.95	-19.71	-22.71	-33.81	-46.74	-29.52	62.14	30.97	16.70
Net Debt to NOPAT	-0.67	-0.74	-1.81	-0.98	-4.07	-5.80	-5.44	-5.42	8.13	3.43	1.19
Long-Term Debt to NOPAT	-11.40	-11.32	-18.95	-12.39	-14.36	-21.74	-29.54	-29.52	62.14	30.97	16.70
Altman Z-Score	3.67	4.40	2.84	2.04	1.42	1.89	1.48	2.03	2.00	1.83	1.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.18	5.53	7.02	2.15	1.85	1.95	2.02	4.44	4.61	4.51	4.51
Quick Ratio	4.62	4.95	6.46	1.97	1.67	1.75	1.82	3.79	3.96	3.89	3.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-83	-169	-177	-142	-249	-237	-208	-277	-85	-62	-67
Operating Cash Flow to CapEx	666.73%	243.46%	212.95%	168.61%	202.31%	287.90%	359.57%	259.87%	283.30%	514.09%	441.56%
Free Cash Flow to Firm to Interest Expense	-42.28	-86.00	0.00	-36.33	-61.33	-55.45	-50.53	-72.57	-27.58	-20.43	-21.31
Operating Cash Flow to Interest Expense	18.78	18.62	0.00	5.09	10.11	11.66	11.76	9.18	19.18	27.36	20.34
Operating Cash Flow Less CapEx to Interest Expense	15.96	10.97	0.00	2.07	5.11	7.61	8.49	5.65	12.41	22.04	15.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.66	0.59	0.58	0.58	0.59	0.54	0.61	0.60	0.60	0.59
Accounts Receivable Turnover	9.63	9.85	9.82	10.04	9.51	9.80	9.69	9.52	8.85	9.34	9.21
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	8.68	8.75	8.67	8.42	8.22	8.26	7.92	7.51	7.42	7.49
Accounts Payable Turnover	16.77	18.02	18.39	17.33	14.98	18.84	17.73	16.49	15.71	18.35	17.48
Days Sales Outstanding (DSO)	37.89	37.07	37.17	36.35	38.39	37.24	37.66	38.32	41.26	39.09	39.64
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	21.77	20.26	19.85	21.06	24.37	19.37	20.58	22.14	23.24	19.89	20.88
Cash Conversion Cycle (CCC)	16.12	16.81	17.31	15.28	14.03	17.87	17.08	16.18	18.03	19.21	18.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	538	589	598	584	776	830	802	860	877	873	885
Invested Capital Turnover	1.74	1.78	1.82	1.86	1.53	1.47	1.54	1.53	1.36	1.38	1.39
Increase / (Decrease) in Invested Capital	65	156	162	128	239	241	204	276	101	79	84
Enterprise Value (EV)	4,687	5,772	4,629	3,316	2,358	3,265	2,196	2,163	1,972	1,655	1,216
Market Capitalization	4,643	5,720	4,515	3,258	2,147	3,056	2,058	2,020	1,870	1,568	1,160
Book Value per Share	$6.84	$7.40	$6.58	$7.12	$7.57	$8.27	$8.76	$9.41	$10.03	$10.05	$10.85
Tangible Book Value per Share	$3.12	$3.75	$3.00	$3.60	$1.74	$2.54	$3.11	$3.84	$4.59	$4.71	$5.43
Total Capital	1,238	1,319	1,681	1,690	1,743	1,836	1,843	1,496	1,553	1,570	1,609
Total Debt	744	781	1,198	1,164	1,178	1,214	1,179	779	778	784	779
Total Long-Term Debt	744	781	1,198	732	745	781	745	779	778	784	779
Net Debt	44	51	114	58	211	208	137	143	102	87	56
Capital Expenditures (CapEx)	5.55	15	15	12	20	17	13	13	21	16	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	18	27	22	33	20	34	41	57	68	50	59
Debt-free Net Working Capital (DFNWC)	719	757	1,106	1,140	987	1,040	1,083	693	744	747	783
Net Working Capital (NWC)	719	757	1,106	707	554	607	649	693	744	747	783
Net Nonoperating Expense (NNE)	2.40	-0.66	-7.41	-0.74	-6.32	-7.24	-4.69	-1.86	-2.48	-2.77	-1.85
Net Nonoperating Obligations (NNO)	44	51	114	58	211	208	137	143	102	87	56
Total Depreciation and Amortization (D&A)	28	16	28	29	32	21	33	45	43	24	41
Debt-free, Cash-free Net Working Capital to Revenue	2.09%	2.92%	2.39%	3.45%	2.02%	3.30%	3.80%	5.13%	5.99%	4.33%	5.00%
Debt-free Net Working Capital to Revenue	81.69%	83.12%	117.76%	117.71%	98.46%	99.85%	100.74%	62.63%	65.96%	64.98%	66.62%
Net Working Capital to Revenue	81.69%	83.12%	117.76%	73.06%	55.27%	58.25%	60.35%	62.63%	65.96%	64.98%	66.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.28)	($0.17)	($0.10)	($0.17)	($0.06)	$0.16	$0.01	$0.02	$0.23	$0.25	$0.24
Adjusted Weighted Average Basic Shares Outstanding	72.36M	72.05M	73.49M	74.20M	74.88M	74.50M	75.95M	76.65M	77.53M	76.92M	76.82M
Adjusted Diluted Earnings per Share	($0.28)	($0.17)	($0.10)	($0.17)	($0.06)	$0.16	$0.01	$0.01	$0.21	$0.22	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	72.36M	72.05M	73.49M	74.20M	74.88M	74.50M	89.28M	88.52M	87.30M	88.00M	86.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	72.70M	73.33M	73.87M	74.74M	75.21M	75.81M	76.27M	77.26M	78.22M	76.50M	76.56M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-13	-14	-14	-11	2.93	-4.11	-1.09	15	17	17
Normalized NOPAT Margin	-7.83%	-5.45%	-5.86%	-5.38%	-4.09%	1.05%	-1.47%	-0.39%	5.42%	5.64%	5.42%
Pre Tax Income Margin	-8.46%	-5.12%	-2.46%	-3.76%	-3.16%	4.00%	0.27%	0.90%	6.51%	7.67%	6.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.88	-5.23	0.00	-1.42	-1.05	3.61	1.18	1.66	7.03	8.54	7.54
NOPAT to Interest Expense	-9.14	-6.63	0.00	-3.47	-2.65	1.02	-1.00	-0.19	5.02	5.55	5.27
EBIT Less CapEx to Interest Expense	-11.69	-12.88	0.00	-4.44	-6.05	-0.44	-2.09	-1.87	0.26	3.22	2.94
NOPAT Less CapEx to Interest Expense	-11.95	-14.28	0.00	-6.49	-7.65	-3.04	-4.27	-3.72	-1.75	0.23	0.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	126.85%	104.82%

Financials Breakdown Chart

Key Financial Trends

Five9 has shown a clear revenue uptrend in 2025 with improving profitability and stronger cash generation, while maintaining a solid liquidity position. Below are the key items that stand out from the last four years of quarterly data.

Revenue growth sustained into 2025: 2023 Q4 revenue was about $239.1M, rising to $278.7M in 2024 Q4 and $300.3M in 2025 Q4, with quarterly reads of $285.8M (Q3 2025) and $283.3M (Q2 2025).
Gross margin remains favorable: 2025 Q4 gross profit was $166.4M on $300.3M revenue, about a 55% gross margin, consistent with prior quarters (roughly mid-50s %).
Profitability trend turning positive: Net income attributable to common shareholders was $19.7M in 2025 Q4, up from $11.6M in 2024 Q4 and turning positive across 2024–2025 after earlier annual losses.
Operating cash flow remains strong and rising: 2025 Q4 net cash from continuing operating activities was $83.6M, with 2025 Q3 at $59.2M, 2025 Q2 at $35.1M, and 2025 Q1 at $48.4M.
Earnings per share are positive and improving: 2025 Q4 basic EPS of $0.25 and diluted EPS of $0.22, with favorable progression from prior quarters (Q3 2025: $0.23/basic, $0.21/diluted).
Solid liquidity on the balance sheet: On 2025 Q3, cash was about $193.4M and short-term investments about $482.7M (total liquid cash-like assets around $676M), with total current assets near $949.4M.
Operating expenses remain a meaningful portion of revenue: 2025 Q4 operating expenses were $146.6M on $300.3M revenue, indicating ongoing investment in S&M and R&D even as profitability improves.
Financing activity has been mixed: Quarterly net cash from financing activities has fluctuated (some quarters modestly negative), which affects cash balances but is offset by robust operating cash flow in 2025.
Debt levels are noticeable but manageable: Long-term debt sits around $730–$735M in the 2025 period, with total liabilities near $993M and total equity around $775M, suggesting a leverage profile that needs to be monitored as growth continues.
Historical profitability volatility prior to 2024: The company posted ongoing net losses in several 2022–2023 periods, highlighting that the recent positive profitability is part of a turnaround rather than a consistent pattern over the full four-year window.

05/06/26 12:16 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Five9's Financials

When does Five9's fiscal year end?

According to the most recent income statement we have on file, Five9's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Five9's net income changed over the last 10 years?

Five9's net income appears to be on an upward trend, with a most recent value of $39.42 million in 2025, falling from -$25.84 million in 2015. The previous period was -$12.80 million in 2024. See Five9's forecast for analyst expectations on whatâ€™s next for the company.

What is Five9's operating income?

Five9's total operating income in 2025 was $28.85 million, based on the following breakdown:

Total Gross Profit: $632.85 million
Total Operating Expenses: $604.00 million

How has Five9's revenue changed over the last 10 years?

Over the last 10 years, Five9's total revenue changed from $128.87 million in 2015 to $1.15 billion in 2025, a change of 791.7%.

How much debt does Five9 have?

Five9's total liabilities were at $1.00 billion at the end of 2025, a 29.7% decrease from 2024, and a 1,276.6% increase since 2015.

How much cash does Five9 have?

In the past 10 years, Five9's cash and equivalents has ranged from $58.12 million in 2016 to $362.55 million in 2024, and is currently $232.08 million as of their latest financial filing in 2025.

How has Five9's book value per share changed over the last 10 years?

Over the last 10 years, Five9's book value per share changed from 0.52 in 2015 to 10.05 in 2025, a change of 1,830.6%.

Related Companies

Financial statements for NASDAQ:FIVN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Five9 (FIVN) Financials

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