PANW Q1 2023 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.6B+25.3% YoY

Gross Profit

$1.1B70.5% margin

Operating Income

$15M1.0% margin

Net Income

$20M1.3% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$1.2B

Stock-Based Comp.

$266M

Balance Sheet

Total Assets

$12.5B

Total Liabilities

$12.0B

Stockholders' Equity

$508M

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.2B	+25.3%
Gross Profit	$1.1B	$867M	+27.1%
Operating Income	$15M	-$83M	+118.4%
Net Income	$20M	-$104M	+119.3%

Revenue Segments

Subscription

$764M49%

Support

$469M30%

Product

$330M21%

Geographic Segments

Americas

$1.1B68%

EMEA

$308M20%

Asia Pacific

$185M12%