Company research
Fortinet, Inc.
CIK 1262039Updated Sep 24, 2026
SecurityFTNT · NASDAQ · equity
Name history
FORTINET INC · through May 8, 2019
FTNT price & chart
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NASDAQ:FTNT on TradingView ↗About the company
Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTs”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Le…
In the news
Governments Are Racing to Rebuild Encryption Before Quantum Computers Break It, and a Canadian Company Is Taking Its Toolkit to Southeast Asia ↗
Fortinet to Announce Second Quarter 2026 Financial Results ↗
Cyber Security Stocks Gain as $190 Billion Move to Zero Trust Replaces Old Systems News provided by Equity Insider Jan 29, 2026, 12:04 ET Share this article Share to X Share this article Share to X Issued on behalf of QSE - Quantum Secure Encryption Corp. VANCOUVER, BC , Jan. 29, 2026 /PRNewswire/ - ↗
Recent filings
4 filing
144 filing
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 10,389,200,000Source | 9,763,100,000Source | 7,258,900,000Source | 6,228,000,000Source |
| Property, Plant and Equipment, NetUSD | 1,619,000,000Source | 1,349,500,000Source | 1,044,400,000Source | 898,500,000Source |
| GoodwillUSD | 257,400,000Source | 235,400,000Source | 126,500,000Source | 128,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 97,300,000Source | 115,000,000Source | 35,300,000Source | 56,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,495,300,000Source | 2,875,900,000Source | 1,397,900,000Source | 1,682,900,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,691,200,000Source | 1,463,400,000Source | 1,402,000,000Source | 1,261,700,000Source |
| Inventory, NetUSD | 399,500,000Source | 315,500,000Source | 484,800,000Source | 264,600,000Source |
| Assets, CurrentUSD | 5,900,200,000Source | 5,971,500,000Source | 4,428,300,000Source | 3,810,400,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 227,000,000Source | 126,100,000Source | 101,100,000Source | 73,100,000Source |
| Operating Lease, Right-of-Use AssetUSD | 64,400,000Source | 72,200,000Source | 76,000,000Source | 96,300,000Source |
| Other Assets, NoncurrentUSD | 125,200,000Source | 133,200,000Source | 150,000,000Source | 202,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,151,700,000Source | 8,269,300,000Source | 7,722,300,000Source | 6,509,600,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 700,000Source | 800,000Source | 800,000Source | 800,000Source |
| Retained Earnings (Accumulated Deficit)USD | -507,900,000Source | -117,100,000Source | -1,861,700,000Source | -1,546,400,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -25,400,000Source | -26,100,000Source | -18,900,000Source | -20,200,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,237,500,000Source | 1,493,800,000Source | -463,400,000Source | -281,600,000Source |
| Additional Paid in Capital, Common StockUSD | 1,770,100,000Source | 1,636,200,000Source | 1,416,400,000Source | 1,284,200,000Source |
| Liabilities and EquityUSD | 10,389,200,000Source | 9,763,100,000Source | 7,258,900,000Source | 6,228,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,034,000,000Source | 4,060,700,000Source | 3,719,000,000Source | 3,078,400,000Source |
| Operating Lease, Liability, CurrentUSD | 36,100,000Source | 32,700,000Source | 33,400,000Source | 33,200,000Source |
| Accounts Payable, CurrentUSD | 230,800,000Source | 190,900,000Source | 204,300,000Source | 243,400,000Source |
| Operating Lease, Liability, NoncurrentUSD | 29,400,000Source | 46,400,000Source | 45,700,000Source | 62,500,000Source |
| Other Liabilities, NoncurrentUSD | 141,300,000Source | 129,600,000Source | 124,700,000Source | 82,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 354,600,000Source | 337,900,000Source | 423,700,000Source | 266,300,000Source |
| Deferred Revenue, CurrentUSD | 3,636,000,000Source | 3,276,200,000Source | 2,848,700,000Source | 2,349,300,000Source |
| Deferred Revenue, NoncurrentUSD | 3,479,800,000Source | 3,084,700,000Source | 2,886,300,000Source | 2,291,000,000Source |
| Long-term Debt, Current MaturitiesUSD | 499,700,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 496,600,000Source | 994,300,000Source | 992,300,000Source | 990,400,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | 1,745,200,000Source | 1,147,800,000Source | 856,600,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 152,000,000Source | 122,800,000Source | 113,400,000Source | 104,300,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 279,500,000Source | 257,900,000Source | 249,000,000Source | 217,300,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 215,900,000Source | 45,400,000Source | 146,400,000Source | 456,700,000Source |
| Increase (Decrease) in InventoriesUSD | 90,600,000Source | -131,200,000Source | 253,500,000Source | 109,100,000Source |
| Increase (Decrease) in Accounts PayableUSD | 27,900,000Source | -10,200,000Source | -43,100,000Source | 105,200,000Source |
| Deferred Income Tax Expense (Benefit)USD | 68,300,000Source | -222,900,000Source | -306,700,000Source | -225,600,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 2,590,600,000Source | 2,258,100,000Source | 1,935,500,000Source | 1,730,600,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 41,600,000Source | 275,500,000Source | 0Source | 30,800,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -599,100,000Source | -727,400,000Source | -649,300,000Source | 763,900,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -100,000Source | -100,000Source | -300,000Source | 0Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 126,300,000Source | 100,900,000Source | 112,500,000Source | 160,400,000Source |
| Payments for Repurchase of Common StockUSD | 2,289,800,000Source | 600,000Source | 1,500,500,000Source | 1,991,200,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,371,500,000Source | -50,100,000Source | -1,570,400,000Source | -2,130,300,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -100,000Source | -11,700,000Source | -1,200,000Source | -4,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -380,600,000Source | 1,478,000,000Source | -285,000,000Source | 363,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,495,300,000Source | 2,875,900,000Source | 1,397,900,000Source | 1,682,900,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 16,000,000Source | — | 16,000,000Source | 16,000,000Source |
| Income Taxes Paid, NetUSD | 451,500,000Source | 578,900,000Source | 426,300,000Source | 260,200,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -600,000Source | -2,600,000Source | -800,000Source | -400,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 282,100,000Source | 260,200,000Source | 251,600,000Source | 219,800,000Source |
| Amortization of Intangible AssetsUSD | 50,700,000Source | 23,100,000Source | 18,900,000Source | 23,300,000Source |
| DepreciationUSD | 101,300,000Source | 99,700,000Source | 94,500,000Source | 81,000,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | -29,400,000Source | -42,100,000Source | -68,100,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 10,800,000Source | 26,400,000Source | -4,400,000Source | -13,100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -4,900,000Source | 16,900,000Source | -7,000,000Source | -4,600,000Source |
| General and Administrative ExpenseUSD | 233,400,000Source | 237,800,000Source | 211,300,000Source | 169,000,000Source |
| GoodwillUSD | 257,400,000Source | 235,400,000Source | 126,500,000Source | 128,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | 10,300,000Source | -29,400,000Source | -42,100,000Source | -68,100,000Source |
| Income Tax Expense (Benefit)USD | 439,100,000Source | 283,900,000Source | 143,800,000Source | 30,800,000Source |
| Inventory Write-downUSD | 0Source | 37,100,000Source | 35,800,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | 1,853,400,000Source | 1,745,200,000Source | 1,147,800,000Source | 857,300,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | -700,000Source |
| Operating ExpensesUSD | 3,386,000,000Source | 2,994,800,000Source | 2,826,500,000Source | 2,362,900,000Source |
| Other Nonoperating Income (Expense)USD | 55,300,000Source | 13,600,000Source | -6,100,000Source | -13,500,000Source |
| Proceeds from Issuance of Common StockUSD | 44,700,000Source | 63,100,000Source | 43,800,000Source | 26,100,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 0Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 1,792,700,000Source | 1,891,700,000Source | 1,414,800,000Source | 1,462,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 6,799,600,000Source | 5,955,800,000Source | 5,304,800,000Source | 4,417,400,000Source |
| Cost of RevenueUSD | 1,328,900,000Source | 1,157,600,000Source | 1,237,200,000Source | 1,084,900,000Source |
| Operating Income (Loss)USD | 2,084,700,000Source | 1,803,400,000Source | 1,241,100,000Source | 969,600,000Source |
| Other Nonoperating Income (Expense)USD | 55,300,000Source | 13,600,000Source | -6,100,000Source | -13,500,000Source |
| Income Tax Expense (Benefit)USD | 439,100,000Source | 283,900,000Source | 143,800,000Source | 30,800,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 0Source | 0Source | -700,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,853,400,000Source | 1,745,200,000Source | 1,147,800,000Source | 857,300,000Source |
| Earnings Per Share, BasicUSD per share | 2.45Source | 2.28Source | 1.47Source | 1.08Source |
| Earnings Per Share, DilutedUSD per share | 2.42Source | 2.26Source | 1.46Source | 1.06Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 758,000,000Source | 764,400,000Source | 778,600,000Source | 791,400,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 764,600,000Source | 771,900,000Source | 788,200,000Source | 805,300,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 50,700,000Source | 23,100,000Source | 18,900,000Source | 23,300,000Source |
| Current Income Tax Expense (Benefit)USD | 370,800,000Source | 506,800,000Source | 450,500,000Source | 256,400,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 10,800,000Source | 26,400,000Source | -4,400,000Source | -13,100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -4,900,000Source | 16,900,000Source | -7,000,000Source | -4,600,000Source |
| General and Administrative ExpenseUSD | 233,400,000Source | 237,800,000Source | 211,300,000Source | 169,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 5,470,700,000Source | 4,798,200,000Source | 4,067,600,000Source | 3,332,500,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 2,106,800,000Source | 1,929,200,000Source | 1,195,000,000Source | 873,800,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 10,300,000Source | -29,400,000Source | -42,100,000Source | -68,100,000Source |
| Interest ExpenseUSD | 20,100,000Source | 20,000,000Source | 21,000,000Source | 18,000,000Source |
| Investment Income, NetUSD | 162,300,000Source | 155,200,000Source | 119,700,000Source | 17,400,000Source |
| Operating ExpensesUSD | 3,386,000,000Source | 2,994,800,000Source | 2,826,500,000Source | 2,362,900,000Source |
| Research and Development ExpenseUSD | 815,500,000Source | 716,800,000Source | 613,800,000Source | 512,400,000Source |
| Selling and Marketing ExpenseUSD | 2,347,500,000Source | 2,044,800,000Source | 2,006,000,000Source | 1,686,100,000Source |
Filing attachments
ftntq2-2026ex991.htm · 8-K · 2026-07-29
EX-99.1 2 ftntq2-2026ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Strong Second Quarter 2026 Financial Results Exceeds high end of second quarter guidance on revenue and profitability Raises 2026 revenue guidance to 19% year over year growth Highlights • Revenue grew 26% year over year to $2.05 billion • Product revenue grew 52% year over year to $773 million • Billings grew 33% year over year to $2.37 billion1 • GAAP operating margin of 34% • Non-GAAP operating …
Read attachment ↗ftntq1-2026ex991.htm · 8-K · 2026-05-06
EX-99.1 2 ftntq1-2026ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Strong First Quarter 2026 Financial Results Exceeds high end of first quarter guidance on revenue and profitability Raises 2026 revenue guidance to 15% year over year growth Highlights • Revenue grew 20% year over year to $1.85 billion • Product revenue grew 41% year over year to $645 million • Billings grew 31% year over year to $2.09 billion1 • GAAP operating margin of 31% • Non-GAAP operating ma…
Read attachment ↗ftntq4-2025ex991.htm · 8-K · 2026-02-05
EX-99.1 2 ftntq4-2025ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results Fourth Quarter 2025 Highlights • Revenue grew 15% year over year to $1.91 billion • Product revenue grew 20% year over year to $691 million • Billings grew 18% to $2.37 billion1 • Unified SASE billings grew 40% • GAAP operating margin of 33% • Non-GAAP operating margin of 37%1 Full Year 2025 Highlights • Revenue grew 14% year over year to …
Read attachment ↗ftntq3-2025ex991.htm · 8-K · 2025-11-05
EX-99.1 2 ftntq3-2025ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Third Quarter 2025 Financial Results Highlights • Revenue grew 14% year over year to $1.72 billion • Product revenue grew 18% year over year to $559.3 million • Billings grew 14% year over year to $1.81 billion1 • Record third quarter GAAP operating margin of 32% • Record third quarter Non-GAAP operating margin of 37%1 SUNNYVALE, Calif. - November 5, 2025 - Fortinet® (Nasdaq: FTNT), a global cyberse…
Read attachment ↗ftntq2-2025ex991.htm · 8-K · 2025-08-06
EX-99.1 2 ftntq2-2025ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Second Quarter 2025 Financial Results Highlights • Revenue grew 14% year over year to $1.63 billion • Billings grew 15% year over year to $1.78 billion1 • Unified SASE ARR up 22% and Security Operations ARR up 35%, year over year2 • GAAP operating margin of 28% • Non-GAAP operating margin of 33%1 • Raised 2025 full year billings guidance midpoint by $100 million SUNNYVALE, Calif. - August 6, 2025 -…
Read attachment ↗ftntq1-2025ex991.htm · 8-K · 2025-05-07
EX-99.1 2 ftntq1-2025ex991.htm PRESS RELEASE Document Press Release Fortinet Reports First Quarter 2025 Financial Results Highlights • Total revenue of $1.54 billion, up 14% year over year • Product revenue of $459 million, up 12% year over year • Billings of $1.60 billion, up 14% year over year1 • Unified SASE ARR2 up 26% and Security Operations ARR2 up 30%, year over year • Record first quarter GAAP operating margin of 29% • Record first quarter Non-GAAP operating margin of 34%1 …
Read attachment ↗