The photobehavior of five photochromic dipyrrolyl-perfluoro-cyclopentenes was studied by steady state and time-resolved absorption spectroscopy. The quantum yields of the UV-photoinduced ring-closing reaction (coloration) and the visible-stimulated cycloreversion reaction (bleaching) were measured. Kinetic and thermodynamic parameters of thermal bleaching were also determined. Nanosecond time-resolved experiments showed formation of a transient, which was not a precursor of the reaction photoproduct. This transient was tentatively assigned to a radical cation formed by direct photoionization through a short-lived triplet state. The nature of the transient species was supported by photoinduced electron transfer to electron acceptors.