Five9, Inc.
FIVN Technology Software Infrastructure
Five9, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 10.3% from fiscal 2024. In the quarter to June 2026, revenue grew 10.3%, EPS grew 164.9%, free cash flow fell 29.6% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.
Follow FIVN
Five9, Inc. (FIVN) Piotroski F-score
Five9, Inc.'s Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 5 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 3.00 |
| FY2024 | 5 | (1.00) |
| FY2023 | 6 | 1.00 |
| FY2022 | 5 | 1.00 |
| FY2021 | 4 | 1.00 |
| FY2020 | 3 | 0.00 |
| FY2019 | 3 | (2.00) |
| FY2018 | 5 | (1.00) |
| FY2017 | 6 | 0.00 |
| FY2016 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.05% | (0.72%) | Pass | 1 |
| Positive operating cash flow | 226.21m | 143.17m | Pass | 1 |
| Rising return on assets | 2.05% | (0.72%) | Pass | 1 |
| Cash flow above net income | 186.79m | 155.96m | Pass | 1 |
| Falling long-term leverage | 0.39 | 0.42 | Pass | 1 |
| Rising current ratio | 4.51 | 1.95 | Pass | 1 |
| No new shares issued | 76,916,000 | 74,503,000 | Fail | 0 |
| Rising gross margin | 55.07% | 54.17% | Pass | 1 |
| Rising asset turnover | 0.60 | 0.59 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FIVN Five9, Inc. | 8 |
| NTCT NetScout Systems, Inc. compare | 8 |
| FLYW Flywire Corporation compare | 7 |
| EEFT Euronet Worldwide, Inc. compare | 7 |
| CALX Calix, Inc compare | 7 |
| TDC Teradata Corporation compare | 6 |
| STNE StoneCo Ltd. compare | 5 |
| PAYO Payoneer Global Inc. compare | 5 |
| CLBT Cellebrite DI Ltd. compare | 5 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover