Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
105.72
+2.61 (2.53%)
At close: Jun 30, 2025, 4:00 PM
105.79
+0.07 (0.07%)
After-hours: Jun 30, 2025, 7:42 PM EDT

Fortinet Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021 Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020 +20 Quarters
Period Ending
Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21 Mar '21 Dec '20 Sep '20 Jun '20 +20 Quarters
6,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,1272,9112,7272,5942,4652,362
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Revenue Growth (YoY)
13.83%12.27%10.40%11.02%14.20%20.09%26.22%30.71%31.73%32.17%31.07%31.10%31.52%28.82%26.86%23.25%20.23%19.95%20.11%20.63%
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Cost of Revenue
1,1461,1581,1591,2131,2341,2371,2191,1841,1391,0851,016944.1880.2783721.7649.7597.9570543.5528.4
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Gross Profit
4,9964,7984,5524,3244,1624,0683,9543,8043,5863,3333,0822,8722,7072,5592,4052,2612,1292,0241,9211,833
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Selling, General & Admin
2,3282,2832,2642,2342,2422,2172,1552,0651,9601,8551,7641,6791,5791,4891,4041,3171,2391,1911,1521,109
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Research & Development
742.4716.8678.2647.8635.7613.8590.2567.6538.6512.4496.1469.6451.9424.2400.6382.8358.3341.4323.6303.5
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Operating Expenses
3,0702,9992,9422,8822,8772,8312,7452,6332,4992,3682,2602,1492,0311,9131,8051,7001,5971,5331,4761,413
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Operating Income
1,9261,7991,6101,4421,2841,2371,2091,1711,087965822.1723675.2645.8600.3560.8532.2491.6445.5420.3
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Interest Expense
-19.8-20-20.5-20.9-21.1-21-20.1-19.2-18.5-18-18-18.1-18.1-14.9-10.4-5.8-1.3---
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Interest & Investment Income
167.3155.2143.4138131.3119.798.365.936.717.49.35.94.74.55.56.89.617.725.634.5
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Earnings From Equity Investments
-12.2-29.4-33.4-33.3-26.6-42.1-77.8-78.9-81.7-68.1-27.7-24.2-16.1-7.6-2.8-----
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Currency Exchange Gain (Loss)
-16.9-16.9-7-7-7-7-4.6-4.6-4.6-4.6-8.2-8.2-8.2-8.2-5.5-5.5-5.5-5.5-4.7-4.7
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Other Non Operating Income (Expenses)
6156.96.30.9-0.55.36.37.59.74.2-1.3-0.40.8-3.41.52.83.7-2.3--0.9
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EBT Excluding Unusual Items
2,1061,9451,6991,5201,3601,2911,2111,1421,029895.9776.2678638.3616.2588.6559.1538.7501.5466.4449.2
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Gain (Loss) on Sale of Investments
-41.4-26.412.5-0.9-3.5-4.4-7.1-2.2-7.5-13.1-13.9-20.2-11.3--3.20.8---4-8.1
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Gain (Loss) on Sale of Assets
9.84.64.64.64.54.64.64.64.74.64.64.64.64.64.64.64.540.23937.9
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Other Unusual Items
146.2106.3106.3-----------------
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Pretax Income
2,2202,0291,8221,5241,3611,2921,2091,1441,026887.4766.9662.4631.6620.8590564.5543.2541.7501.4479
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Income Tax Expense
340.9283.9292.4210.9162143.857.885.460.230.825.3-11.3-6.214.135.449.752.153.241.462.2
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Earnings From Continuing Operations
1,8791,7451,5301,3131,1991,1481,1511,059966856.6741.6673.7637.8606.7554.6514.8491.1488.5460416.8
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Minority Interest in Earnings
-------0.50.60.70.90.30.20.1-0.1-----
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Net Income
1,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8554.5514.8491.1488.5460416.8
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Net Income to Common
1,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8554.5514.8491.1488.5460416.8
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Net Income Growth
56.69%52.05%32.95%23.93%24.08%33.88%54.98%57.18%51.51%41.28%33.90%30.93%29.91%24.22%20.54%23.51%30.09%47.27%16.13%11.27%
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Shares Outstanding (Basic)
766764764768773779782784786791800808813816815814812821832844
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Shares Outstanding (Diluted)
773772771776782788793795798805816826833835834831829838851862
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Shares Change (YoY)
-1.15%-2.07%-2.76%-2.39%-2.00%-2.12%-2.82%-3.78%-4.09%-3.59%-2.09%-0.57%0.45%-0.36%-2.01%-3.63%-5.20%-4.19%-2.84%-1.68%
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EPS (Basic)
2.452.282.001.711.551.471.471.351.231.080.930.830.780.740.680.630.610.600.550.49
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EPS (Diluted)
2.432.261.991.691.541.461.441.331.201.060.910.820.770.730.670.610.590.580.540.49
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EPS Growth
57.71%54.80%38.00%26.77%28.11%37.74%58.47%62.56%55.72%45.20%36.61%33.47%30.60%25.86%22.97%26.61%36.89%52.63%19.60%13.77%
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Free Cash Flow
2,0681,8791,6641,5731,6931,7312,0641,9781,8231,4491,1681,1021,2141,2041,2531,108929.8957.8836.8854.8
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Free Cash Flow Per Share
2.672.442.162.032.162.202.602.492.281.801.431.331.461.441.501.331.121.140.980.99
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Gross Margin
81.34%80.56%79.70%78.09%77.13%76.68%76.44%76.26%75.90%75.44%75.21%75.26%75.46%76.57%76.92%77.68%78.08%78.03%77.95%77.62%
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Operating Margin
31.36%30.20%28.19%26.05%23.80%23.31%23.37%23.48%23.01%21.84%20.06%18.95%18.82%19.32%19.20%19.27%19.52%18.95%18.08%17.80%
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Profit Margin
30.60%29.30%26.79%23.71%22.23%21.64%22.25%21.24%20.46%19.41%18.12%17.66%17.79%18.16%17.73%17.69%18.01%18.83%18.67%17.65%
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Free Cash Flow Margin
33.66%31.55%29.14%28.41%31.37%32.64%39.90%39.66%38.59%32.81%28.49%28.89%33.83%36.02%40.06%38.08%34.10%36.92%33.95%36.20%
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EBITDA
2,0561,9221,7281,5591,3991,3501,3191,2801,1941,069924.4821.8767.8730.2676.1630.4600.7560.4513.3486.4
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EBITDA Margin
33.48%32.26%30.26%28.15%25.92%25.45%25.51%25.66%25.26%24.21%22.56%21.54%21.41%21.85%21.62%21.66%22.03%21.60%20.83%20.60%
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D&A For EBITDA
130122.8117.8116.3114.5113.4110.5108.6106.3104.3102.398.892.684.475.869.668.568.867.866.1
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EBIT
1,9261,7991,6101,4421,2841,2371,2091,1711,087965822.1723675.2645.8600.3560.8532.2491.6445.5420.3
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EBIT Margin
31.36%30.20%28.19%26.05%23.80%23.31%23.37%23.48%23.01%21.84%20.06%18.95%18.82%19.32%19.20%19.27%19.52%18.95%18.08%17.80%
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Effective Tax Rate
15.35%13.99%16.05%13.84%11.90%11.13%4.78%7.46%5.87%3.47%3.30%--2.27%6.00%8.80%9.59%9.82%8.26%12.98%
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Revenue as Reported
6,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,1272,9112,7272,5942,4652,362
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Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q