Palo Alto Networks, Inc.

Company profile

• Global cybersecurity provider serving enterprises, service providers, and government entities.
• Mission: be the cybersecurity partner of choice to simplify and secure customers’ digital environments through integrated platforms and AI-driven automation.
• Strategy centered on platformization: consolidating disparate security products into tightly integrated platforms to deliver more secure, faster, and cost-effective outcomes.
• Headquartered in Santa Clara, California; incorporated in 2005.

Core platforms and offerings

Network security

• SASE: Prisma Access (cloud-delivered security) and Prisma SD-WAN. Prisma Access Browser extends Zero Trust to end-user devices.
• Next-Generation Firewalls (NGFWs): hardware ML-powered and software NGFWs for on-premises and cloud environments, including CN-Series (containerized), VM-Series (virtual), and Cloud NGFW (managed NGFW for AWS and Azure).
• Cloud-Delivered Security Services (CDSS): suite complementing SASE/NGFWs, including Advanced Threat Prevention, Advanced WildFire, Advanced URL Filtering, Advanced DNS Security, IoT/OT Security, GlobalProtect, Prisma Access Agent, Enterprise DLP, AIOps, SaaS Security APIs and Inline, and AI Access Security.
• Prisma AIRS: AI security platform for the AI lifecycle (model scanning, posture, run-time security).
• Strata Cloud Manager (SCM): centralized cloud-based management for network security (includes Strata Copilot and ADE Monitoring) and Panorama for centralized policy and manageability.

Security operations

• Cortex platform: unified data, AI, and automation for security operations.
• Cortex XSIAM: SIEM/XDR platform that combines SIEM, XDR, SOAR, and related capabilities.
• Cortex XDR: analytics across endpoint, network, identity, and cloud telemetry (XDR Prevent and XDR Pro tiers).
• Cortex XSOAR: security orchestration, automation, and response (SOAR).
• Cortex Xpanse: attack surface management (ASM) to identify and manage Internet-facing assets and misconfigurations.
• Cortex Cloud: CNAPP/CDR cloud security platform consolidating cloud security tools.

Threat intelligence and advisory services

• Unit 42: threat research, incident response, and security consulting; offers MDR and managed threat hunting services.

Services and support

• Global Customer Support: standard, premium, and platinum support; Focused Services with Customer Success Managers; coverage spans hardware, software, and selected cloud offerings.
• Professional Services: architecture design, implementation, configuration, firewall migrations, and education/training.

Research & development

• R&D concentrated on AI-powered security innovations and expanding platform capabilities across network, cloud, endpoint, and security operations.
• Ongoing investments in AI, platform integrations, and extension of the Cortex/CNAPP/CDR stack.

Acquisitions

• August 2024: acquired QRadar assets from IBM to accelerate Cortex growth.
• July 2025: acquired Protect AI, Inc. to enhance AI security capabilities.
• July 2025: entered definitive agreement to acquire CyberArk Software Ltd. (identity security); expected to close in the second half of fiscal 2026.

Intellectual property and licensing

• Maintains a portfolio of patents, trademarks, and trade secrets, and pursues licenses and protections to support product lines.

Manufacturing and delivery model

• Hardware outsourced to EMS and ODM manufacturing partners; all hardware assembled in the U.S.; components sourced from multiple suppliers.
• Software and cloud services delivered as integrated platforms with global distribution via cloud and channel partners.

Market reach, customers, and channels

• Serves enterprises, service providers, and government entities across industries including education, energy, financial services, government, healthcare, and telecom.
• No single end-customer accounted for more than 10% of total revenue in fiscal 2025, 2024, or 2023.
• Two-tier indirect sales model through distributors and resellers, plus cloud marketplaces for VM-Series and Cloud NGFW.
• Channel program: NextWave Channel Partner program with extensive partner training and accreditation.
• More than 8,500 channel partners as of July 31, 2025.
• Prisma Access available in more than 100 locations worldwide.
• Three distributors each accounted for at least 10% of total revenue in fiscal 2025; together they represented 44.2% of total revenue and 44.8% of gross accounts receivable as of July 31, 2025.
• Revenue growth rates: 14.9% in fiscal 2025 and 16.5% in fiscal 2024.
• Revenue mix: subscription and support accounted for 80.5% of total revenue in fiscal 2025, 80.0% in 2024, and 77.1% in 2023.

Financial snapshot highlights

• Employees: 16,068 as of July 31, 2025.
• Subscription and support represented 80.5% of total revenue in fiscal 2025.
• Revenue growth in the mid-teens: 14.9% in fiscal 2025 and 16.5% in fiscal 2024.
• Channel exposure: 44.2% of revenue routed through three distributors in fiscal 2025; those distributors accounted for 44.8% of gross accounts receivable.
• Ongoing integration of acquisitions, including IBM QRadar assets (2024), Protect AI (2025), and the announced CyberArk transaction (agreement in 2025, expected close in fiscal 2026).

Governance and information access

• Public disclosures reflect broad organizational scale, extensive global operations, a large partner ecosystem, and continuing investments in AI-enabled security platforms.