Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Fortinet Inc. Revenue & Financial Statements
Fortinet Inc. reported revenue of $6.8B for the fiscal year ended December 31, 2025, up 14.2% year over year, with net income of $1.9B and diluted EPS of $2.42.
- Company
- Fortinet Inc. FTNT · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 3.3B | 4.4B | 5.3B | 6.0B | 6.8B |
| Cost of revenue | 783.0M | 1.1B | 1.2B | 1.2B | 1.3B |
| Gross profit | 2.6B | 3.3B | 4.1B | 4.8B | 5.5B |
| Operating income | 650.4M | 969.6M | 1.2B | 1.8B | 2.1B |
| Pretax income | 60.7M | 81.7M | 138.7M | 129.3M | 175.4M |
| Net income | 601.3M | 841.9M | 1.1B | 1.7B | 1.9B |
| Diluted EPS | 3.63 | 1.06 | 1.46 | 2.26 | 2.42 |
| EBITDA | 734.8M | 1.1B | 1.4B | 1.9B | 2.2B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.4B | 1.5B | 1.7B | 1.5B | 1.6B | 1.7B | 1.9B |
| Cost of revenue | 304.7M | 275.0M | 263.4M | 314.5M | 293.1M | 314.9M | 331.7M | 389.2M |
| Gross profit | 1.0B | 1.2B | 1.2B | 1.3B | 1.2B | 1.3B | 1.4B | 1.5B |
| Operating income | 321.2M | 437.2M | 470.9M | 574.1M | 453.8M | 458.0M | 547.3M | 625.6M |
| Pretax income | — | — | — | — | — | — | — | — |
| Net income | 293.4M | 375.6M | 550.9M | 518.1M | 436.6M | 442.3M | 472.8M | 506.0M |
| Diluted EPS | 0.39 | 0.49 | 0.70 | 0.68 | 0.56 | 0.57 | 0.62 | 0.67 |
| EBITDA | 349.8M | 463.1M | 500.7M | 609.3M | 489.6M | 496.3M | 585.7M | 665.1M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 5.9B | 6.2B | 7.3B | 9.8B | 10.4B |
| Current assets | 3.6B | 3.8B | 4.4B | 6.0B | 5.9B |
| Cash & equivalents | 1.3B | 1.7B | 1.4B | 2.9B | 2.5B |
| Total liabilities | 5.1B | 6.5B | 7.7B | 8.3B | 9.2B |
| Current liabilities | 2.3B | 3.1B | 3.7B | 4.1B | 5.0B |
| Long-term debt | 988.4M | 990.4M | 992.3M | 994.3M | 496.6M |
| Total debt | 988.4M | 990.4M | 992.3M | 994.3M | 996.3M |
| Stockholders’ equity | 781.7M | (281.6M) | (463.4M) | 1.5B | 1.2B |
| Net debt | (330.7M) | (692.5M) | (405.6M) | (1.9B) | (1.5B) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1.5B | 1.7B | 1.9B | 2.3B | 2.6B |
| Investing cash flow | (1.3B) | 763.9M | (649.3M) | (727.4M) | (599.1M) |
| Financing cash flow | 82.8M | (2.1B) | (1.6B) | (50.1M) | (2.4B) |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 207.9M | 217.3M | 249.0M | 257.9M | 279.5M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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