Palo Alto Networks
At a glance
Palo Alto Networks reported 2025 revenue of $9.22B, up 14.9% from $8.03B in 2024. Over 4 years since 2021 ($4.26B), that is growth of about 21.3% a year. Operating margin was 13.5%, up from -7.1% in 2021. 2025 was the highest revenue year in this period. The company posted a loss in 2021 and 2022.
In the last 12 months 9 insiders reported 1 open-market purchase ($10M) and 35 sales ($133.4M). 20 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $26.3M by EVP Chief Product & Tech Ofcr Lee Klarich on Nov 4, 2025. Net, insiders were sellers of $123.4M.
Palo Alto Networks filed 13 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), officer or director change (3), other events (3) and material agreement (2). The latest officer or director change was reported on Aug 21, 2026. It reported a material agreement or a completed acquisition or disposal 2 times.
2 of the 20 investors tracked here held Palo Alto Networks at the last quarter end, worth $667M combined. It is the largest weight for Duquesne Family Office (0.9% of its portfolio), followed by National Pension Service (Korea) (0.4%). New this quarter: Duquesne Family Office. Reduced: National Pension Service (Korea).
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | -$498.9M | -$267M | $439.7M | $2.58B | $1.13B |
| Diluted EPS | $-1.73 | $-0.90 | $0.64 | $3.64 | $1.60 |
Fiscal year ends Jul 31 · incorporated in DE
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Current reports (8-K, last 12 months)
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined