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Five9, Inc. (FIVN) stock

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NASDAQ: FIVN Nasdaq Application Software Next results ~November 5, 2026

C Fundamentals grade

Five9 supplies a cloud-based customer experience (CX) platform used to run enterprise contact centres. Its Intelligent CX Platform, built around the Five9 Genius AI suite, lets organisations manage customer service, sales and marketing interactions across voice, chat, email, web, social media and mobile, either directly or through application programming interfaces (APIs). The platform routes each interaction to a suitable agent and draws in data from adjacent systems such as CRM software. Components include agentic AI agents, Agent Assist, Workflow Automation, AI Insights, AI Summaries, Workforce Engagement Management and Revenue Execution.

The company runs a software-as-a-service model. It charges subscription fees, based mainly on the number of licences, for access to the platform, alongside usage-based telephony charges; its AI tools are sold on a consumption or capacity basis. A field sales team targets mid-size, enterprise and Fortune 1000 firms, while a telesales team handles smaller companies. Technology partners, solution providers, system integrators, distributors and resellers extend its routes to market.

Five9 reports as a single segment and sells in both domestic and international markets. It has more than 3,000 customers.

Based on Five9, Inc.'s 10-K filed February 20, 2026.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$29

Valuation models combined (3)

Base case. Range ~$16–$53. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Five9, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 56 sales by directors and officers, last 12 monthsInsider trades
  • Funds145 adding, 148 cuttingOf 53 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Five9 files

Where Five9 stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.20bn, up 8.9% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 17.4% from 12.9% a year earlier. Operating margin widened to 3.9% from -1.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 3 financial-health checks. Our revenue-to-maturity cash-flow model value is $31.72 a share, against a share price of $35.34.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Five9, Inc.'s trailing-twelve-month revenue grew 8.9% year on year, with a free-cash-flow margin of 17.4%.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 46.8% while net income grew 573.6%: a 527pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 5.6 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.2bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • High earnings multiple. The shares trade at 52 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 70% and a beta of 1.4 against the S&P 500.
  • Heavily shorted. 14.6% of the shares available to trade are sold short (4.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.70 against an average estimate of $0.68: beat by 2.6%
Revenue
$312m, up 10.3% on a year earlier
Share reaction
+14.8% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
revenue $1.26bn to $1.27bn (full year 2026); GAAP net income per share $0.71 to $0.82 (full year 2026)
Next report
November 5, 2026; average EPS estimate $0.80

Five9's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.6%
  • 1 week-5.2%
  • 1 month+4.1%
  • This year+78.4%
  • 1 year+47.3%
  • 5 years-77.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.2B
Operating margin
3.9%
Net margin
4.9%
EPS (TTM, diluted)
$0.69

Growth

Revenue growth
+8.9%
Change in growth rate
−0.4 pts
Share count change
+1.4%

Cash

Free cash flow (TTM)
$209M
FCF margin
17.4%
Stock pay % of revenue
11.0%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Five9, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Five9, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.26 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$16 ~$11–$20 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$53 ~$44–$89 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.4 ~$35–$100 Left out: out of range vs price (0.15x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$30 ~$24–$37 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$29 ~$16–$53 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Five9, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$8.70$14.19$24.88$43.72$65.58$174.40$137.32$67.86$78.69$40.64$20.05$35.77
Market value$436m$743m$1.4bn$2.5bn$4.0bn$11.2bn$9.3bn$4.7bn$5.7bn$3.0bn$1.8bn$3.1bn
+ Net debt (− = net cash)−$9m−$24m−$36m$115m$181m$423m$691m$567m$604m$803m$503m$550m
Enterprise value$427m$719m$1.3bn$2.7bn$4.1bn$11.6bn$10.0bn$5.3bn$6.3bn$3.8bn$2.3bn$3.6bn
Multiples
Price / sales 3.4x4.6x6.8x9.9x12.1x25.7x15.2x6.1x6.2x2.9x1.5x2.6x
Price / earnings ——————————44.8x52.0x
Price / free cash flow —130.1x161.7x86.5x123.7xn/m—129.7x58.1x30.0x8.8x14.8x
EV / EBITDA —n/mn/m153.6xn/mn/m———n/m25.0x31.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

33 /100

Weak moat

How hard Five9's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Cash operating profit has been a median 6.0% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 56.2%, moving by 2.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -3.1%; its worst year was -11.9%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 10 years, at a median 9.4% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 30.3% over five years; stock-based pay has been a median 14.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (48 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $319m and EPS of $0.80 (range $0.78 to $0.82) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.26 +10% $1.3bn +10%
Next $3.84 +18% $1.4bn +10%

Next year's EPS estimate has moved +1.7% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.3% on 90 days ago. In the last 30 days, 7 analysts raised Five9, Inc.'s forecast and 7 cut it.

Consensus EPS forecast Five9, Inc., last 90 days
$3.20 $3.40 $3.60 $3.80 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.25 Current fiscal year, 60 days ago: $3.26 Current fiscal year, 30 days ago: $3.26 Current fiscal year, 7 days ago: $3.26 Current fiscal year, Now: $3.26 $3.26 Next fiscal year, 90 days ago: $3.78 Next fiscal year, 60 days ago: $3.84 Next fiscal year, 30 days ago: $3.84 Next fiscal year, 7 days ago: $3.84 Next fiscal year, Now: $3.84 $3.84

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.25$3.78
60 days ago $3.26$3.84
30 days ago $3.26$3.84
7 days ago $3.26$3.84
Now $3.26$3.84

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.68 $0.70 +2.6%
Mar 2026 $0.68 $0.76 +11.4%
Dec 2025 $0.78 $0.80 +1.9%
Sept 2025 $0.73 $0.78 +6.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Revenue full year 2026 $1.26bn to $1.272bn
    “Revenue in the range of $1.260 to $1.272 billion.” source
  • Revenue third quarter of 2026 $316m to $322m
    “Revenue in the range of $316.0 to $322.0 million.” source
  • GAAP net income per share full year 2026 $0.71 to $0.82 GAAP
    “GAAP net income per share in the range of $0.71 to $0.82, assuming diluted shares outstanding of approximately 85.8 million.” source
  • Non-GAAP net income per share full year 2026 $3.22 to $3.30 Non-GAAP
    “Non-GAAP net income per share in the range of $3.22 to $3.30, assuming diluted shares outstanding of approximately 76.3 million.” source
  • GAAP net income per share third quarter of 2026 $0.09 to $0.16 GAAP
    “GAAP net income per share in the range of $0.09 to $0.16, assuming diluted shares outstanding of approximately 85.4 million.” source
  • Non-GAAP net income per share third quarter of 2026 $0.77 to $0.81 Non-GAAP
    “Non-GAAP net income per share in the range of $0.77 to $0.81, assuming diluted shares outstanding of approximately 76.0 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

21 analysts, Oct 2026
Buy1571%
Hold629%
Sell00%

Monthly trend

  1. Oct 2026312621
  2. Sep 2026312621
  3. Aug 2026311620
  4. Jul 2026311721

Counts of recommendations published by analysts covering Five9, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.6%
of tradable shares
Days to cover
4.44
at average volume
Short interest, 1 month
+24%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.9%
of shares
Employees
2,910
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +47.3%

$24.28 on October 31, 2025 to $35.77

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.2bn +8.9%
Net margin 0.8% 4.9% +518.7%
P/E multiple n/m 52.0x −77.8%
Share count 85m 87m −1.4%

Biggest factor: net margin.

Last 3 years −43.5%

$63.30 on November 3, 2023 to $35.77

ThenNowEffect
Revenue (last 12 months) $848m $1.2bn +42.0%
P/S multiple 5.3x 2.6x −51.5%
Share count 71m 87m −18.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FIVN−21%−51%+16%−48%−51%+78%
Industry peers (median)−7%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FIVN42%33%58%33%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FIVN−39%−66%−40%−66%−59%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 94% from August 4, 2021 to April 10, 2026. Getting back needed a 1441% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$13.61 – $38.65
From 52-week high
−7.5%
vs 50-day average
+3.7%
vs 200-day average
+47.7%
Volatility (1 year)
70%
Beta vs S&P 500
1.44

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±13.2%
After a week
5 up, 7 down
typical move ±14.3%
After a month
4 up, 8 down
typical move ±18.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +14.8% +0.5% +14.2% +12.4%
April 30, 2026 +30.4% +1.3% +30.2% +54.0%
February 19, 2026 +15.5% +0.5% +11.8% −7.2%
November 6, 2025 −12.8% −1.0% −10.1% −8.5%
July 31, 2025 −11.0% −2.0% −7.3% −1.3%
May 1, 2025 −1.2% +2.2% +4.8% +4.5%
April 3, 2025 −16.2% −10.5% −15.4% −8.1%
February 20, 2025 +0.6% −2.1% −12.5% −27.9%
November 7, 2024 +17.0% +1.2% +23.8% +32.1%
August 8, 2024 −24.4% +2.8% −18.9% −32.7%
May 2, 2024 −0.6% +2.2% −8.0% −19.8%
February 21, 2024 −13.6% +2.2% −14.8% −13.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Five9, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Five9, Inc.
$800M $900M $1B $1.1B $1.2B $1.3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $879.8M Revenue (TTM), FY23 Q4: $910.5M Revenue (TTM), FY24 Q1: $939.1M Revenue (TTM), FY24 Q2: $968.3M Revenue (TTM), FY24 Q3: $1B Revenue (TTM), FY24 Q4: $1B Revenue (TTM), FY25 Q1: $1.1B Revenue (TTM), FY25 Q2: $1.1B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.1B Revenue (TTM), FY26 Q1: $1.2B Revenue (TTM), FY26 Q2: $1.2B $1.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $879.8M
FY23 Q4 $910.5M
FY24 Q1 $939.1M
FY24 Q2 $968.3M
FY24 Q3 $1B
FY24 Q4 $1B
FY25 Q1 $1.1B
FY25 Q2 $1.1B
FY25 Q3 $1.1B
FY25 Q4 $1.1B
FY26 Q1 $1.2B
FY26 Q2 $1.2B
Revenue growth, TTM YoY Five9, Inc.
5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 18.2% Revenue growth, TTM YoY, FY23 Q4: 16.9% Revenue growth, TTM YoY, FY24 Q1: 15.3% Revenue growth, TTM YoY, FY24 Q2: 14.2% Revenue growth, TTM YoY, FY24 Q3: 13.9% Revenue growth, TTM YoY, FY24 Q4: 14.4% Revenue growth, TTM YoY, FY25 Q1: 14.4% Revenue growth, TTM YoY, FY25 Q2: 14.2% Revenue growth, TTM YoY, FY25 Q3: 12.5% Revenue growth, TTM YoY, FY25 Q4: 10.3% Revenue growth, TTM YoY, FY26 Q1: 9.3% Revenue growth, TTM YoY, FY26 Q2: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 18.2%
FY23 Q4 16.9%
FY24 Q1 15.3%
FY24 Q2 14.2%
FY24 Q3 13.9%
FY24 Q4 14.4%
FY25 Q1 14.4%
FY25 Q2 14.2%
FY25 Q3 12.5%
FY25 Q4 10.3%
FY26 Q1 9.3%
FY26 Q2 8.9%
Operating margin (TTM) Five9, Inc.
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -10.6% Operating margin (TTM), FY23 Q4: -10.8% Operating margin (TTM), FY24 Q1: -9.6% Operating margin (TTM), FY24 Q2: -8.7% Operating margin (TTM), FY24 Q3: -7.4% Operating margin (TTM), FY24 Q4: -4.9% Operating margin (TTM), FY25 Q1: -3.4% Operating margin (TTM), FY25 Q2: -1.6% Operating margin (TTM), FY25 Q3: 1.2% Operating margin (TTM), FY25 Q4: 1.7% Operating margin (TTM), FY26 Q1: 3.7% Operating margin (TTM), FY26 Q2: 3.9% 3.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -10.6%
FY23 Q4 -10.8%
FY24 Q1 -9.6%
FY24 Q2 -8.7%
FY24 Q3 -7.4%
FY24 Q4 -4.9%
FY25 Q1 -3.4%
FY25 Q2 -1.6%
FY25 Q3 1.2%
FY25 Q4 1.7%
FY26 Q1 3.7%
FY26 Q2 3.9%
FCF margin (TTM) Five9, Inc.
5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 11.2% FCF margin (TTM), FY23 Q4: 10.7% FCF margin (TTM), FY24 Q1: 10.1% FCF margin (TTM), FY24 Q2: 9.6% FCF margin (TTM), FY24 Q3: 8.5% FCF margin (TTM), FY24 Q4: 9.7% FCF margin (TTM), FY25 Q1: 11.5% FCF margin (TTM), FY25 Q2: 12.9% FCF margin (TTM), FY25 Q3: 14.6% FCF margin (TTM), FY25 Q4: 17.5% FCF margin (TTM), FY26 Q1: 18.4% FCF margin (TTM), FY26 Q2: 17.4% 17.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 11.2%
FY23 Q4 10.7%
FY24 Q1 10.1%
FY24 Q2 9.6%
FY24 Q3 8.5%
FY24 Q4 9.7%
FY25 Q1 11.5%
FY25 Q2 12.9%
FY25 Q3 14.6%
FY25 Q4 17.5%
FY26 Q1 18.4%
FY26 Q2 17.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Five9 took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.1B
  2. Other income $16.1M · 1.4%
  3. Cost of revenue $516M · 44.9%
  4. Gross profit $633M · 55.1%
  5. Research and development $152M · 13.3%
  6. Selling, general and admin $452M · 39.3%
  7. Operating income $28.9M · 2.5%
  8. Net income $39.4M · 3.4%

Shares of revenue. Source: Five9's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 64 84 103 129 162 200 258 328 435 610 779 910 1,042 1,149 1,204
Gross profit 25 35 48 69 95 117 154 193 255 338 411 478 564 633 661
EBITDA −14 −24 −29 −14 2 3 17 18 13 −18 −43 −50 2 91 114
Operating income −17 −28 −36 −21 −7 −6 7 3 −12 −56 −88 −99 −51 29 47
Net income −19 −31 −38 −26 −12 −9 −0 −5 −42 −53 −95 −82 −13 39 59
Diluted EPS −$5.82 −$7.82 −$1.00 −$0.52 −$0.23 −$0.16 $0.00 −$0.08 −$0.66 −$0.79 −$1.35 −$1.13 −$0.17 $0.45 $0.69
Growth (year on year)
Revenue — +31.8% +22.5% +25.0% +25.8% +23.5% +28.7% +27.3% +32.6% +40.2% +27.8% +16.9% +14.4% +10.3% +8.9%
EBITDA — — — — — — — +2.1% −27.5% −237.1% — — — — +195.2%
Operating income — — — — — — — −53.4% — — — — — — —
Margins
Gross margin 38.4% 42.0% 47.0% 53.8% 58.7% 58.5% 59.6% 59.0% 58.5% 55.5% 52.8% 52.5% 54.2% 55.1% 54.9%
EBITDA margin −22.6% −28.4% −28.2% −10.7% 1.1% 1.3% 6.7% 5.4% 2.9% −2.9% −5.5% −5.5% 0.2% 7.9% 9.5%
Operating margin −26.7% −33.7% −34.5% −16.4% −4.0% −2.9% 2.7% 1.0% −2.8% −9.2% −11.2% −10.8% −4.9% 2.5% 3.9%
Net margin −30.3% −37.2% −36.6% −20.1% −7.3% −4.5% −0.1% −1.4% −9.7% −8.7% −12.2% −9.0% −1.2% 3.4% 4.9%
Free-cash-flow margin −17.2% −25.6% −24.5% −10.9% 3.5% 4.2% 11.4% 9.8% 8.5% −2.2% 4.7% 10.7% 9.7% 17.5% 17.4%
Cash flow
Cash from operations −8 −21 −24 −13 7 11 39 51 67 29 89 129 143 226 249
Capital spending 3 1 1 1 1 3 9 19 30 42 52 31 42 25 40
Free cash flow −11 −22 −25 −14 6 8 29 32 37 −13 37 98 101 201 209
Stock-based pay 0 2 7 8 10 15 28 42 65 109 173 206 166 148 133
Free cash flow after stock pay −11 −23 −32 −22 −4 −7 1 −10 −28 −122 −136 −109 −66 53 77
Balance sheet
Cash 6 18 58 58 58 69 82 78 220 91 181 143 363 232 187
Total debt 0 23 42 50 34 33 197 259 643 782 748 748 1,165 735 737
Net debt (negative = net cash) −6 5 −17 −9 −24 −36 115 181 423 691 567 604 803 503 550
Diluted shares 3m 4m 38m 50m 52m 55m 58m 60m 64m 68m 70m 72m 75m 88m 87m
Returned to shareholders
Buybacks — — — — — — — — — — — 0 0 50 —
Total returned — — — — — — — — — — — 0 0 50 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $1.8bn
Short-term assets $951mLonger-term assets $879m
What it owes, and who funded it · $1.8bn
Short-term liabilities $229mLonger-term liabilities $816mShareholders' equity $785m
  • Short-term assets cover short-term liabilities $951m of assets due within a year against $229m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $951m short-term assets against $816m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $47m against $13m of interest.

From Five9, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$50M
Diluted share count
+1.4%
year over year
R&D spending
12.7%
of revenue
Days sales outstanding
43 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated FIVN MNDY BOX BLKB MANH GTM Median
Revenue, last 12 months $1.2bn $1.2bn $1.2bn $1.2bn $1.2bn $1.3bn $482m
Revenue growth, last 12 months 8.9% 26.7% 9.6% 2.2% 8.4% 2.7% 12.0%
Revenue growth, 3-year average 12.4% — 6.6% 2.2% 9.2% 1.6% 11.1%
Revenue growth, latest quarter 10.3% — 9.2% 4.1% 11.0% 1.2% 11.9%
Gross margin 54.9% 89.2% 79.5% 59.9% 55.9% 83.5% 69.2%
Operating margin 3.9% −0.1% 9.4% 20.1% 24.1% −35.2% 1.1%
Operating margin, 3-year average −2.1% — 7.4% 3.5% 25.0% −2.6% −0.8%
Net margin 4.9% 9.6% 10.6% 12.9% 18.4% −43.0% 2.1%
Cash from operations / revenue 20.7% 27.1% 32.0% 29.5% 33.8% 34.9% 18.2%
Free-cash-flow margin 17.4% 25.4% 31.5% 28.6% 32.8% 28.5% 15.0%
Free-cash-flow margin, 3-year average 13.3% — 30.6% 23.8% 30.2% 28.3% 16.2%
Stock pay / revenue 11.0% 14.4% 19.1% 7.8% 10.4% 8.6% 9.3%
Change in share count 1.4% 1.3% −4.0% −4.1% −3.0% — 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 8.9% 12.0% 107 of 184
Change in growth rate Growth -0.4pp +0.2pp 114 of 184
Gross margin Profitability 54.9% 69.8% 115 of 160
Operating margin Profitability 3.9% 1.1% 76 of 181
Net margin Profitability 4.9% 2.1% 78 of 185
Free-cash-flow margin Cash generation 17.4% 15.2% 85 of 180
Stock pay as % of revenue Cash generation 11.0% 9.3% 103 of 177
Change in share count Balance sheet 1.4% 1.7% 78 of 163
Days sales outstanding Balance sheet 43 days 57 days 55 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $1B 88.5% ▲ 9.7%
Outside the US $132M 11.5% ▲ 15.4%

From Five9, Inc.'s 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.7B
Institutions reporting
289
Shares held vs prior quarter
▼ 5.7%
Positions opened / closed
47 / 49

Top buyers and sellers, Q2 2026: 145 institutions bought and 148 sold ; the biggest buyer was Driehaus Capital Management LLC (+2.3M shares) and the biggest seller Van Berkom & Associates Inc (−3.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Portfolio Management LLC $151M 7.1M 8.9% ▲ 5.4%
Blackrock, Inc. $151M 7.1M 8.9% ▲ 0.4%
Voss Capital, LP $104M 4.9M 6.1% ▼ 16.5%
Ameriprise Financial Inc $88.3M 4.1M 5.2% ▲ 91.8%
Vanguard Capital Management LLC $70.6M 3.3M 4.2% ▼ 0.5%
Van Berkom & Associates Inc. $66.3M 3.1M 3.9% ▼ 53.3%
Anson Funds Management LP $53.3M 2.5M 3.1% ▼ 40.1%
Driehaus Capital Management LLC $48.3M 2.3M 2.8% New
Dimensional Fund Advisors LP $47.4M 2.2M 2.8% ▲ 110.7%
Geode Capital Management, LLC $46.1M 2.2M 2.7% ▲ 4.9%
State Street Corp $44.1M 2.1M 2.6% ▲ 1.0%
First Trust Advisors LP $39.8M 1.9M 2.3% ▲ 32.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Five9, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7M 56 trades by 7 insiders · 66% under pre-set plans
Net ▼ $7M net selling
Insider Date Trade Shares Price Value
Dignan Andy President September 17, 2026 Sell pre-set plan 6,986 $35.00 $244,510
Mansharamani Leena SVP, Chief Accounting Officer September 8, 2026 Sell pre-set plan 1,253 $31.53 $39,507
Dignan Andy President September 8, 2026 Sell pre-set plan 2,746 $31.57 $86,691
Meriweather Tiffany N. Chief Admin. & Legal Officer September 8, 2026 Sell pre-set plan 5,114 $31.55 $161,347
Lee Bryan M Chief Financial Officer September 8, 2026 Sell pre-set plan 1,310 $32.60 $42,706
Mansharamani Leena SVP, Chief Accounting Officer September 4, 2026 Sell pre-set plan 201 $33.71 $6,776
Mansharamani Leena SVP, Chief Accounting Officer September 4, 2026 Sell pre-set plan 2,505 $33.32 $83,467
Dignan Andy President September 4, 2026 Sell pre-set plan 3,295 $33.45 $110,218
Dignan Andy President September 4, 2026 Sell pre-set plan 4,379 $33.51 $146,740
Dignan Andy President September 4, 2026 Sell pre-set plan 2,900 $33.00 $95,700
Meriweather Tiffany N. Chief Admin. & Legal Officer September 4, 2026 Sell pre-set plan 7,809 $33.51 $261,680
Meriweather Tiffany N. Chief Admin. & Legal Officer September 4, 2026 Sell pre-set plan 5,600 $33.02 $184,912

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 8 trades and filings

No trades in Five9, Inc. disclosed in the last 12 months; 8 earlier trades on record.

  • Tom Malinowski(D-NJ 7):Purchase, $1,001 - $15,000, traded February 26, 2021, filed March 6, 2021
  • Tom Malinowski(D-NJ 7):Sale (full), $1,001 - $15,000, traded January 6, 2021, filed March 5, 2021
  • Tom Malinowski(D-NJ 7):Sale (full), $15,001 - $50,000, traded April 1, 2020, filed March 5, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • February 19, 2026
  • November 6, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Five9, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Five9, Inc. in brief

What does Five9, Inc. do?
Five9, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Five9, Inc.'s stock ticker?
Five9, Inc. trades under the ticker FIVN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Five9, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Five9, Inc. reported revenue of $1.2B, 8.9% higher than a year earlier, according to its SEC filings.
What is Five9, Inc.'s free cash flow?
Five9, Inc.'s free-cash-flow margin is 17.4% of revenue over the trailing twelve months, ranking 85 of the 180 application software companies we cover.
Who are Five9, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Portfolio Management LLC, Blackrock, Inc. and Voss Capital, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Five9, Inc.'s market cap?
On November 2, 2026, Five9, Inc.'s market capitalisation was about $3.1B, with a price-to-earnings ratio of 52.0 and net debt of $550M. Market figures come from third-party market data and may be delayed.
Who are Five9, Inc.'s competitors?
In our Application Software peer group, the companies closest to Five9, Inc. are Monday.com Ltd., BOX Inc, Blackbaud Inc, Manhattan Associates Inc and Zoominfo Technologies Inc. The side-by-side comparison below sets their revenue, margins and growth against Five9, Inc.'s.
Are insiders buying or selling Five9, Inc. stock?
Over the last 12 months, Five9, Inc.'s directors and officers reported 0 open-market purchases and 56 sales on Form 4. The insider trading page charts every trade.
When is Five9, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Five9, Inc. announces its own schedule.