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Fortinet, Inc. (FTNT)
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FTNT Income Statement

Revenue, expenses, and profitability analysis

FTNT Quarterly Income Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
5.736B1.485B1.516B1.406B1.328B1.247B1.346B1.245B1.159B
7.109B1.850B1.905B1.725B1.630B1.540B1.660B1.508B1.434B
Cost of Goods Sold
1.374B364.500M389.200M318.600M301.700M293.100M314.500M263.400M275.000M
80.3%80.3%79.6%81.5%81.5%81.0%81.1%82.5%80.8%
Total Operating Expenses
3.530B906.500M891.600M860.400M871.600M792.800M771.500M773.800M722.100M
830.900M214.000M205.000M202.400M209.500M198.600M191.100M187.300M165.400M
2.673B692.500M686.600M644.900M648.900M600.500M581.600M587.600M557.900M
2.208B580.000M625.600M545.900M456.700M453.800M574.100M470.900M437.200M
31.4%31.4%32.8%31.6%28.0%29.5%34.6%31.2%30.5%
2.419B656.600M650.800M594.600M517.200M529.900M612.900M621.100M456.300M
Interest Income
150.900M32.900M32.300M40.700M45.000M44.300M42.300M42.400M38.300M
19.400M4.200M4.400M6.200M4.600M4.900M4.900M5.000M5.000M
Other Income/Expense
211.000M76.600M25.200M48.700M60.500M76.100M38.800M150.200M19.100M
1.954B534.500M506.000M473.900M440.100M433.400M526.200M539.900M379.800M
464.600M122.000M144.800M120.700M77.100M96.500M86.700M81.200M76.500M
28.9%28.9%26.6%27.5%27.0%28.1%31.7%35.8%26.5%
2.607B712.600M694.700M639.200M560.200M560.000M658.500M661.200M502.500M
EBITDA Margin
38.5%38.5%36.5%37.1%34.4%36.4%39.7%43.8%35.0%
250.200M134.000M39.500M38.400M38.300M35.800M35.200M29.800M29.200M
EPS Basic
2.600.720.680.630.570.560.690.710.50
2.590.720.680.620.570.560.680.700.49
Shares Outstanding
738.800M738.800M743.100M763.100M766.900M768.300M766.500M765.000M763.800M
Diluted Shares Outstanding
742.800M742.800M748.000M770.200M774.800M776.800M775.200M771.900M769.900M

FTNT Annual Income Statement (USD)

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
5.497B4.798B4.068B3.333B2.559B2.024B1.657B1.354B
6.800B5.956B5.305B4.417B3.342B2.594B2.163B1.805B
Cost of Goods Sold
1.303B1.158B1.237B1.085B783.000M570.000M505.900M450.400M
80.8%80.6%76.7%75.4%76.6%78.0%76.6%75.0%
Total Operating Expenses
3.416B2.995B2.826B2.363B1.909B1.493B1.306B1.120B
815.500M716.800M613.800M512.400M424.200M341.400M277.100M244.500M
2.581B2.283B2.217B1.855B1.489B1.191B1.029B875.300M
2.082B1.803B1.241B969.600M650.400M531.800M351.000M234.400M
30.6%30.3%23.4%21.9%19.5%20.5%16.2%13.0%
2.292B2.029B1.292B887.400M620.800M541.700M386.000M254.300M
Interest Income
162.300M155.200M119.700M17.400M4.500M17.700M42.500M26.500M
20.100M20.000M21.000M18.000M14.900M
Other Income/Expense
210.500M225.700M50.500M-82.200M-29.600M9.900M35.000M19.900M
1.853B1.745B1.148B857.300M606.800M488.500M331.700M334.900M
439.100M283.900M143.800M30.800M14.100M53.200M54.300M-80.600M
27.3%29.3%21.6%19.4%18.2%18.8%15.3%18.6%
2.465B2.201B1.468B1.078B727.700M610.500M447.600M290.100M
EBITDA Margin
36.2%37.0%27.7%24.4%21.8%23.5%20.7%16.1%
152.000M122.800M113.400M104.300M84.400M68.800M61.600M55.700M
EPS Basic
2.442.281.471.080.740.600.390.39
2.432.261.461.060.730.580.380.38
Shares Outstanding
743.100M764.400M778.600M791.400M816.000M821.000M855.000M845.500M
Diluted Shares Outstanding
748.000M771.900M788.200M805.300M835.500M838.500M875.000M871.000M

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

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

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
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie