Company facts
- Industry
- Computer Peripheral Equipment, NEC
- Headquarters
- Santa Clara, California
- Most recent report
- 10-K, filed Sep 10, 2026
- Incorporated
- Delaware
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 1327567
- Fiscal year ends
- July
- Filer status
- Large accelerated filer
Financials 8 of 29
News 8 of 82
Prospectuses and Registrations 8 of 39
- S-8 Registration statement for an employee plan Sep 10, 2026
- S-8 POS Post-effective amendment to an employee plan registration Feb 11, 2026
- S-8 Registration statement for an employee plan Dec 17, 2025
- 424B3 Prospectus supplement for an offering Sep 30, 2025
- S-4/A Registration statement for a merger or exchange, amended Sep 26, 2025
- S-4 Registration statement for a merger or exchange Sep 12, 2025
- S-8 Registration statement for an employee plan Aug 29, 2025
- S-8 Registration statement for an employee plan Dec 18, 2024
Proxies 8 of 24
- DEFA14A Extra proxy material Dec 1, 2025
- DEFA14A Extra proxy material Nov 21, 2025
- DEFA14A Extra proxy material Nov 19, 2025
- DEF 14A Proxy statement for a shareholder vote Nov 7, 2025
- DEFA14A Extra proxy material Dec 2, 2024
- DEFA14A Extra proxy material Nov 15, 2024
- PX14A6G Shareholder's own proxy material Nov 8, 2024
- DEFA14A Extra proxy material Oct 29, 2024
Ownership 8 of 784
- 4 Insider reported a trade Sep 28, 2026
- 4 Insider reported a trade Sep 28, 2026
- 144 Notice of a proposed sale of restricted stock Sep 24, 2026
- 144 Notice of a proposed sale of restricted stock Sep 24, 2026
- 4 Insider reported a trade Sep 22, 2026
- 4 Insider reported a trade Sep 21, 2026
- 144 Notice of a proposed sale of restricted stock Sep 17, 2026
- 4 Insider reported a trade Sep 16, 2026
Other 8 of 42
- SD Conflict minerals disclosure May 27, 2026
- SC TO-I/A Amended filing Mar 23, 2026
- SC TO-I Feb 19, 2026
- ARS Annual report sent to shareholders Nov 7, 2025
- EFFECT Notice that a registration became effective Sep 30, 2025
- CORRESP Reply to SEC staff Sep 29, 2025
- 425 Sep 25, 2025
- UPLOAD Comment letter from SEC staff Sep 19, 2025
What to read: FY2026 10-K
SECSift found 3 of 27 sections worth reading, with 0 positive, 4 notable, and 6 negative flags.
Risk Factors (Item 1A)
Contains multiple company-specific risks with quantified exposures.NotableManagement's Discussion (Item 7)
Revenue up 24% but operating margin halved; working capital deficit deepens; $1.1B convertible debt risk.Financial Statements (Item 8)
Net income down 73%, CyberArk acquisition $21.1B, $7.7B cloud commitments, litigation accrual $151M.
What changed: FY2026 vs. FY2025
About 20% of PANW's FY2026 10-K is new information. 220 paragraphs were added, 430 changed, and 262 removed. Below are the most important lines SECSift identified.
New
- Completed CyberArk acquisition for $21.1 billion, adding $14.8 billion goodwill and $3.5 billion platform renewals intangible. Financial Statements (Item 8)
- Added CyberArk 2024 and 2014 Share Incentive Plans as exhibits 10.10 and 10.11. Exhibits (Item 15)
- Added Idira identity security platform covering workforce, machine, and AI agent identities in fiscal 2026. Business (Item 1)
- Added disclosure about change in fair value of convertible senior notes and capped call transactions. Part I (Part I)
- Added disclosure about competition and expanded scope of competitors as company enters new product categories. Part I (Part I)
- Added disclosure about debt repayment obligations, signaling new financing commitments. Part I (Part I)
- Added employee training on responsible and secure use of AI. Cybersecurity (Item 1C)
- Added risk factor that consumption-based offerings may create revenue volatility due to customer optimization behavior. Risk Factors (Item 1A)
- Added use of Unit 42 to support incident response. Cybersecurity (Item 1C)
- Completed acquisitions of Chronosphere, CyberArk, Koi, Portkey, Embrace, and Console in fiscal 2026. Management's Discussion (Item 7)
- Dipak Golechha, CFO, modified a plan to sell up to 50,000 shares by September 30, 2027. Other Information (Item 9B)
- Mark Goodburn added as director. Form 10-K Summary (Item 16)
- William D. Jenkins Jr., President, adopted a plan to sell up to 148,217 shares by January 31, 2027. Other Information (Item 9B)
Changed
- NGS ARR increased to $9.1B from $5.6B. Management's Discussion (Item 7)
- Share repurchase authorization increased to $5.1B from $4.1B. Management's Discussion (Item 7)
- Total revenue rose to $11.5B from $9.2B, growth accelerated to 24% from 15%. Management's Discussion (Item 7)
- Repurchased 7 million shares for $1,000 million; no repurchases in prior year. Financial Statements (Item 8)
- Subscription revenue fell: 80% in FY2026, 81% in FY2025, 80% in FY2024 vs 80.5%, 80.0%, 77.1% before. Risk Factors (Item 1A)
- Board cybersecurity expertise changed to 7 of 10 members from 6 of 11. Cybersecurity (Item 1C)
- CISO role changed from 'vice president acting as chief information security officer' to 'chief information security officer'. Cybersecurity (Item 1C)
- Changed expected recurring revenues from 'cloud-delivered security solutions' to 'subscriptions and services'. Part I (Part I)
- Expanded competitor list to include observability vendors (DataDog, Dynatrace, Elastic) and identity vendors (Delinea, Okta, SailPoint); removed Wiz. Business (Item 1)
- Headcount rose to 21,921 as of July 31, 2026 from 16,068 as of July 31, 2025. Business (Item 1)
- Increased to 585 holders of record from 565. Market for the Stock (Item 5)
- Lease base expiration extended to July 2040 from July 2028, extension options to July 2052 from July 2046. Properties (Item 2)
- Owned land adjacent to headquarters grew to 24.9 acres from 10.4 acres. Properties (Item 2)
- Removed 'and 15d-15(d)' from the rule citation in the changes paragraph. Controls and Procedures (Item 9A)
- Rule reference for disclosure controls evaluation corrected from 13a-15(f) to 13a-15(b). Controls and Procedures (Item 9A)
Removed
- Removed disclosure about converting $382.9M of 2025 Notes and issuing 5.6M shares. Market for the Stock (Item 5)
- Director Mary Pat McCarthy removed from board. Form 10-K Summary (Item 16)
- Director Ralph Hamers removed from board. Form 10-K Summary (Item 16)
- Nikesh Arora's CEO plan to sell 846,408 shares by December 24, 2025 is gone. Other Information (Item 9B)
- Removed disclosure about ability to complete acquisition of CyberArk Software Ltd., indicating deal may have closed or is no longer proposed. Part I (Part I)
- Removed mention that development pace was slowed by the current environment. Properties (Item 2)
- Removed prior Exhibit 10.45 Form of Warrant Confirmation. Exhibits (Item 15)
- Removed subsection on Securities Authorized for Issuance under Equity Compensation Plans. Market for the Stock (Item 5)
- Removed the public reporting step for incidents. Cybersecurity (Item 1C)
- Financial Statements (Item 8) 186
- Risk Factors (Item 1A) 172
- Business (Item 1) 86
- Management's Discussion (Item 7) 69
- Form 10-K Summary (Item 16) 14
- Part I (Part I) 13
- Exhibits (Item 15) 13
- Cybersecurity (Item 1C) 11
- Controls and Procedures (Item 9A) 5
- Market for the Stock (Item 5) 3
- Other Information (Item 9B) 2
- Properties (Item 2) 1
Everything here comes from Palo Alto Networks Inc's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Sep 10, 2026, from the 10-K for FY2026.