Fortinet (FTNT) Financials: History & Chart

Fortinet, Inc. (FTNT)FTNTFortinet, Inc.

About Fortinet, Inc.

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

Sunnyvale, CA

15,109 employees

www.fortinet.com

Technology / Software - Infrastructure

Sector: Technology
Industry: Software - Infrastructure
CEO: Ken Xie

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	7.11B	1.85B	1.91B	1.72B	1.63B	1.54B	1.66B	1.51B	1.43B
Cost of Goods Sold	1.37B	364.50M	389.20M	318.60M	301.70M	293.10M	314.50M	263.40M	275.00M
Gross Profit	5.74B	1.49B	1.52B	1.41B	1.33B	1.25B	1.35B	1.24B	1.16B
Gross Profit Margin	80.7%	80.3%	79.6%	81.5%	81.5%	81.0%	81.1%	82.5%	80.8%
Total Operating Expenses	3.53B	906.50M	891.60M	860.40M	871.60M	792.80M	771.50M	773.80M	722.10M
Research & Development	830.90M	214.00M	205.00M	202.40M	209.50M	198.60M	191.10M	187.30M	165.40M
Selling, General & Administrative	2.67B	692.50M	686.60M	644.90M	648.90M	600.50M	581.60M	587.60M	557.90M
Operating Income (EBIT)	2.21B	580.00M	625.60M	545.90M	456.70M	453.80M	574.10M	470.90M	437.20M
Operating Margin	31.1%	31.4%	32.8%	31.6%	28.0%	29.5%	34.6%	31.2%	30.5%
Income Before Tax (EBT)	2.42B	656.60M	650.80M	594.60M	517.20M	529.90M	612.90M	621.10M	456.30M
Interest Income	150.90M	32.90M	32.30M	40.70M	45.00M	44.30M	42.30M	42.40M	38.30M
Interest Expense	19.40M	4.20M	4.40M	6.20M	4.60M	4.90M	4.90M	5.00M	5.00M
Other Income/Expense	211.00M	76.60M	25.20M	48.70M	60.50M	76.10M	38.80M	150.20M	19.10M
Net Income	1.95B	534.50M	506.00M	473.90M	440.10M	433.40M	526.20M	539.90M	379.80M
Income Tax Expense	464.60M	122.00M	144.80M	120.70M	77.10M	96.50M	86.70M	81.20M	76.50M
Net Profit Margin	27.5%	28.9%	26.6%	27.5%	27.0%	28.1%	31.7%	35.8%	26.5%
EBITDA	2.46B	714.00M	665.10M	584.30M	495.00M	489.60M	609.30M	500.70M	466.40M
EBITDA Margin	34.6%	38.6%	34.9%	33.9%	30.4%	31.8%	36.7%	33.2%	32.5%
Depreciation & Amortization	250.20M	134.00M	39.50M	38.40M	38.30M	35.80M	35.20M	29.80M	29.20M
EPS Basic	2.60	0.72	0.68	0.63	0.57	0.56	0.69	0.71	0.50
EPS Diluted	2.59	0.72	0.68	0.62	0.57	0.56	0.68	0.70	0.49
Shares Outstanding	738.80M	738.80M	743.10M	763.10M	766.90M	768.30M	766.50M	765.00M	763.80M
Diluted Shares Outstanding	742.80M	742.80M	748.00M	770.20M	774.80M	776.80M	775.20M	771.90M	769.90M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	6.80B	5.96B	5.30B	4.42B	3.34B	2.59B	2.16B	1.80B
Cost of Goods Sold	1.30B	1.16B	1.24B	1.08B	783.00M	570.00M	505.90M	450.40M
Gross Profit	5.50B	4.80B	4.07B	3.33B	2.56B	2.02B	1.66B	1.35B
Gross Profit Margin	80.8%	80.6%	76.7%	75.4%	76.6%	78.0%	76.6%	75.0%
Total Operating Expenses	3.42B	2.99B	2.83B	2.36B	1.91B	1.49B	1.31B	1.12B
Research & Development	815.50M	716.80M	613.80M	512.40M	424.20M	341.40M	277.10M	244.50M
Selling, General & Administrative	2.58B	2.28B	2.22B	1.86B	1.49B	1.19B	1.03B	875.30M
Operating Income (EBIT)	2.08B	1.80B	1.24B	969.60M	650.40M	531.80M	351.00M	234.40M
Operating Margin	30.6%	30.3%	23.4%	21.9%	19.5%	20.5%	16.2%	13.0%
Income Before Tax (EBT)	2.29B	2.03B	1.29B	887.40M	620.80M	541.70M	386.00M	254.30M
Interest Income	162.30M	155.20M	119.70M	17.40M	4.50M	17.70M	42.50M	26.50M
Interest Expense	20.10M	20.00M	21.00M	18.00M	14.90M	N/A	N/A	N/A
Other Income/Expense	210.50M	225.70M	50.50M	-82.20M	-29.60M	9.90M	35.00M	19.90M
Net Income	1.85B	1.75B	1.15B	857.30M	606.80M	488.50M	331.70M	334.90M
Income Tax Expense	439.10M	283.90M	143.80M	30.80M	14.10M	53.20M	54.30M	-80.60M
Net Profit Margin	27.3%	29.3%	21.6%	19.4%	18.2%	18.8%	15.3%	18.6%
EBITDA	2.23B	1.93B	1.35B	1.07B	734.80M	600.60M	412.60M	290.10M
EBITDA Margin	32.9%	32.3%	25.5%	24.3%	22.0%	23.1%	19.1%	16.1%
Depreciation & Amortization	152.00M	122.80M	113.40M	104.30M	84.40M	68.80M	61.60M	55.70M
EPS Basic	2.44	2.28	1.47	1.08	0.74	0.60	0.39	0.39
EPS Diluted	2.43	2.26	1.46	1.06	0.73	0.58	0.38	0.38
Shares Outstanding	743.10M	764.40M	778.60M	791.40M	816.00M	821.00M	855.00M	845.50M
Diluted Shares Outstanding	748.00M	771.90M	788.20M	805.30M	835.50M	838.50M	875.00M	871.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.