Seattle-based F5 Inc. plans to consolidate its Spokane-area offices into one central hub at the Pinecroft Business Park, in Spokane Valley, says Dan Sorenson, the company's director of communications. 

F5, a tech company that creates application security and multi-cloud management services, has two locations with a total of 250 employees in Liberty Lake currently. 

At Pinecroft, a 57,000-square-foot structure will undergo a $7 million renovation to accommodate F5's operations, according to information on file with the city of Spokane Valley. The project is expected to be completed in May 2026, Sorenson says.

F5 opened its second Inland Northwest office in 2016, intending to make it the company’s largest support center in North America and house the company’s global support services team.  Located at 23321 E. Knox, the 28,000-square-foot space is just under two miles east of the company’s product development office, at 1322 N. Whitman Lane.

F5 was founded in 1996 and has grown to a multinational company with development, manufacturing, sales, and marketing offices worldwide. It specializes in application delivery networking technology that enhances the delivery of network-based applications. 

F5 reported net income of $166 million, or $2.82 per diluted share, for its fiscal 2025 first quarter ending Dec. 31, up from $138 million, or $2.32 per diluted share, for the year-earlier quarter. Total revenue for the quarter totaled $766 million, up from $693 million the year before. 

On Feb. 24, stock in F5 (Nasdaq: FFIV) closed at $296.05 per share, down from a 52-week high of $313, but well above its 52-week low of $159.01.