FIVN earnings analysis
What we found in FIVN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Five9 reported strong Q1 2026 results with revenues of $305.3 million and diluted EPS of $0.76, both exceeding expectations. Compared to Q1 2025, revenues grew by 9% while net income saw significant improvement to $18.4 million from just $0.6 million in the previous year. Guidance for 2026 remains positive, reflecting a bullish outlook driven by strategic investments in AI and sales growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 9%
- Revenue increased from $279.7 million in Q1 2025 to $305.3 million in Q1 2026.
- EPS Beats Expectations
- Diluted EPS rose to $0.76, surpassing estimates of $0.59.
- Improved Gross Margin
- Gross margin increased to 56% from 55% year-over-year.
- Substantial Net Income
- Net income for Q1 2026 was $18.4 million, a notable rise from $0.6 million in Q1 2025.
- Strong Operating Cash Flow
- Operating cash flow was $63.9 million, up from $48.4 million in the prior year.
- Share Repurchase Program
- $90 million remains from the $150 million stock repurchase program authorized until 2027.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Macroeconomic Challenges
- Ongoing global tariff increases and conflicts may negatively impact future revenue growth.
- Reduction in Force Effects
- The implementation of a reduction in force may impact employee morale and operational capacity.
- Increased Competition in AI Market
- As Five9 shifts towards an AI-native platform, competition may intensify, affecting market share.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.76
- Gross margin
- 56%
- Operating margin
- 6%
What they said about what is next.
Management expects full-year 2026 revenue between $1.254 and $1.266 billion, with GAAP EPS guidance between $0.73 and $0.85.
The filing reads better than the one before it.
What came before.
- 10-K · February 20, 2026
- Five9 reported full-year 2025 revenue of $1,149.1 million (up 10% YoY) and returned to profitability with net income of $39.4 million in 2025 versus a $(12.8) million loss in 2024 and $(81.8) million loss in 2023. The…
- 10-Q · November 6, 2025
- Five9 reported Q3 revenue of $285.8M (vs. $264.2M in Q3 2024), with gross margin improving to 55.0% and operating income of $16.0M (5.6% operating margin) versus an operating loss of $15.4M a year ago. GAAP diluted EPS…
- 10-Q · July 31, 2025
- Five9 reported improving operating trends in Q2: revenue of $283,269,000 (up from $252,086,000 a year earlier), gross profit of $155,404,000 (gross margin ~54.9%) and a swing to net income of $1,154,000 versus a loss of…
- 10-Q · May 2, 2024
- Five9 posted Q1 revenue of $247,010 (in thousands), up $28,571 (≈13.1%) versus $218,439 in Q1 2023; gross profit rose to $132,480 (in thousands) and gross margin expanded to ~53.6%. Operating loss narrowed to $(20,695)…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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