Fortinet Inc. (FTNT)

NASDAQ: FTNT · Real-Time Price · USD

104.27

0.51 (0.49%)

At close: May 01, 2025, 3:59 PM

104.97

0.67%

After-hours: May 01, 2025, 07:59 PM EDT

Fortinet Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	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	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	1.66B	1.51B	1.43B	1.35B	1.42B	1.33B	1.29B	1.26B	1.28B	1.15B	1.03B	954.8M	963.6M	867.2M	801.1M	710.3M	748M	651.1M	615.5M	576.9M	614.4M	547.5M	521.7M	472.6M	507M	453.9M	441.3M	399M	416.67M	374.22M	363.47M	340.58M	362.83M	316.65M	311.39M	284.58M
Cost of Revenue	314.5M	263.4M	275M	304.7M	315.9M	317.7M	295.8M	307.8M	297.3M	283M	250.8M	253.8M	228.3M	211.2M	186.9M	156.6M	167M	139.2M	135.1M	128.7M	140.5M	124.1M	128.3M	113M	128.5M	111.6M	113.1M	97.2M	105.42M	93.65M	95.65M	90.56M	90.89M	84.8M	84.5M	77.75M
Gross Profit	1.35B	1.24B	1.16B	1.05B	1.1B	1.02B	997M	954.5M	985.7M	866.5M	779.3M	701M	735.3M	656M	614.2M	553.7M	581M	511.9M	480.4M	448.2M	473.9M	423.4M	393.4M	359.6M	378.5M	342.3M	328.2M	301.8M	311.25M	280.57M	267.82M	250.01M	271.94M	231.85M	226.89M	206.83M
Operating Income	574.1M	470.9M	436M	320.1M	385.4M	303.2M	279M	273.5M	357.8M	265.5M	195.3M	151M	214.9M	166.4M	147.5M	121.6M	169.4M	126.9M	116.7M	115.9M	118.4M	100M	75.2M	50.6M	85.1M	62.8M	50.7M	32.4M	42.2M	33.7M	28.5M	5.41M	45.19M	5.49M	-4.04M	-5.67M
Interest Income	42.3M	42.4M	38.3M	32.2M	30.5M	37M	31.6M	20.6M	9.1M	4.6M	2.4M	1.3M	1M	1.2M	1.2M	1.1M	2M	2.5M	4M	9.2M	9.9M	11.4M	11M	10.2M	9.3M	6.9M	5.8M	4.5M	4.06M	3.87M	3.16M	2.39M	1.96M	1.89M	1.71M	1.75M
Pretax Income	618.4M	626.4M	468.3M	345.4M	415.6M	327.8M	299.2M	291.1M	368.2M	264.7M	183.9M	138.7M	207.3M	156.7M	145M	119.4M	171.7M	128.4M	121.6M	117.1M	127.7M	105.4M	85.8M	60.3M	92.1M	70.6M	51.5M	36.7M	45.08M	37.91M	32.91M	8.1M	43.51M	6.59M	-3.69M	-5.24M
Net Income	526.2M	539.9M	379.8M	299.3M	310.9M	322.9M	266.3M	247.7M	313.8M	231.6M	173.5M	138.4M	199M	163.1M	137.5M	107.2M	146.7M	123.4M	113.8M	104.6M	115.2M	80.2M	72.7M	58.8M	182.6M	58.7M	49.3M	41.6M	-28.96M	26.7M	23M	10.7M	25.17M	6.29M	-1.39M	-3.43M
Selling & General & Admin	581.6M	587.6M	557.9M	555.5M	562.5M	557.9M	565.8M	531.1M	500.2M	467.8M	460.9M	426.2M	409M	382.9M	361.3M	336M	323.8M	296.1M	282.7M	288.8M	284.3M	253.5M	250.8M	240.4M	227.9M	220.8M	216.3M	210.3M	214.28M	193.39M	188.25M	192.98M	180.32M	176.84M	184.88M	167.21M
Research & Development	191.1M	187.3M	165.4M	173M	152.5M	156.9M	153.3M	151.1M	128.9M	134.3M	124.3M	124.9M	112.6M	107.8M	106.6M	97.2M	89M	90M	82.1M	80.3M	71.2M	69.9M	67.4M	68.6M	65.5M	58.7M	61.2M	59.1M	54.77M	53.49M	51.16M	51.2M	45.59M	47.24M	45.5M	44.97M
Other Expenses	-1.2M	-1.1M	-2.2M	-2.9M	-5.3M	-5.9M	-6.2M	3.2M	-1.2M	200K	-8.1M	-8M	-2.9M	-5.2M	2M	-900K	1.5M	100K	2M	28.8M	-600K	-6M	-400K	-500K	-2.3M	900K	-5M	-200K	-1.18M	344K	1.24M	302K	-3.65M	-787K	-1.35M	-1.31M
Operating Expenses	771.5M	774.9M	723.3M	728.5M	715M	714.8M	718M	682.2M	627.9M	602.1M	585.2M	551.1M	521.6M	490.7M	467.9M	433.2M	412.8M	386.1M	364.8M	369.1M	355.5M	323.4M	318.2M	309M	293.4M	279.5M	277.5M	269.4M	269.05M	246.87M	239.41M	244.17M	225.91M	224.08M	230.38M	212.17M
Interest Expense	4.9M	5M	5M	5.1M	5.4M	5.4M	5.2M	5M	4.5M	4.5M	4.5M	4.5M	4.5M	4.6M	4.5M	1.3M	2M	2.5M	4M	9.2M	9.9M	11.4M	11M	10.2M	9.3M	6.9M	5.8M	4.5M	4.06M	3.87M	3.16M	2.39M	1.96M	1.89M	1.71M	1.75M
Selling & Marketing Expenses	526.5M	515.9M	501.3M	501.1M	507.4M	504.4M	515.9M	478.3M	455.9M	427.1M	415.5M	387.6M	367.7M	347.1M	326.9M	304M	291.4M	266.7M	253.8M	260M	257.1M	227.4M	226.5M	215.9M	205.9M	198.3M	192.8M	185.3M	191.93M	172.36M	166.34M	170.4M	162.87M	154.83M	162.69M	147.4M
Cost & Expenses	1.09B	1.04B	998.3M	1.03B	1.03B	1.03B	1.01B	990M	925.2M	885.1M	836M	804.9M	749.9M	701.9M	654.8M	589.8M	579.8M	525.3M	499.9M	497.8M	496M	447.5M	446.5M	422M	421.9M	391.1M	390.6M	366.6M	374.47M	340.52M	335.06M	334.74M	316.8M	308.88M	314.88M	289.92M
Income Tax Expense	86.7M	81.2M	76.5M	39.5M	95.2M	-300K	27.6M	21.3M	9.2M	27.3M	2.4M	-8.1M	3.7M	-9.3M	7.5M	12.2M	25M	5M	9.5M	13.1M	12.5M	25.6M	13.1M	1.5M	-90.5M	11.9M	2.2M	-4.9M	74.04M	11.3M	9.87M	-2.61M	18.34M	298K	-2.3M	-1.81M
Shares Outstanding (Basic)	766.5M	765M	763.8M	762.4M	764.9M	781.2M	785M	783.2M	780.9M	786.2M	795.4M	803.4M	815M	817.7M	816.7M	815M	812.5M	810.5M	808M	853M	857.5M	856.5M	855.5M	851M	852M	849M	843M	838.5M	857.65M	877.6M	878.71M	872.45M	872.45M	866.67M	860.38M	858.73M
Shares Outstanding (Diluted)	775.2M	771.9M	769.9M	770.5M	772.3M	791.2M	795.9M	793.4M	791.8M	798.6M	810.1M	821M	835M	838.6M	835.4M	832M	827.5M	828M	827M	871M	876M	874M	875.5M	874M	879M	878.5M	867.5M	859M	857.65M	894.87M	898.5M	891.39M	891.39M	889.69M	860.38M	858.73M
EPS (Basic)	0.69	0.71	0.50	0.39	0.41	0.41	0.34	0.32	0.40	0.29	0.22	0.17	0.24	0.20	0.17	0.13	0.18	0.15	0.14	0.12	0.13	0.09	0.08	0.07	0.21	0.07	0.06	0.05	-0.03	0.03	0.03	0.01	0.03	0.01	-0.00	-0.00
EPS (Diluted)	0.68	0.70	0.49	0.39	0.40	0.41	0.33	0.31	0.40	0.29	0.21	0.17	0.24	0.19	0.16	0.13	0.18	0.15	0.14	0.12	0.13	0.09	0.08	0.07	0.21	0.07	0.06	0.05	-0.03	0.03	0.03	0.01	0.03	0.01	-0.00	-0.00
EBITDA	574.1M	661.2M	465.2M	348.7M	414.4M	361.5M	331.8M	323.6M	400M	295.6M	213.5M	168.7M	237.1M	184.2M	168.3M	136.8M	184.9M	142.5M	133.4M	96.7M	134.1M	115M	90.4M	66.3M	99.8M	77M	64.3M	45.6M	56.47M	47.4M	42.4M	19.3M	59.35M	20.93M	7.8M	7.19M
EBIT	572.9M	631.4M	473.3M	320.1M	384.2M	333.2M	304.4M	296.1M	372.7M	269.2M	188.4M	143.2M	211.8M	161.3M	149.5M	119.4M	169.4M	125.8M	123.7M	79.9M	118.4M	100.6M	75.2M	50.6M	92.1M	70.6M	51.5M	36.7M	42.2M	33.7M	28.4M	5.8M	46.03M	7.77M	-3.49M	-3.36M
Depreciation & Amortization	1.2M	29.8M	29.2M	28.6M	30.2M	28.3M	27.4M	27.5M	27.3M	26.4M	25.1M	25.5M	25.3M	22.9M	18.8M	17.4M	16.7M	16.7M	17.8M	17.6M	15.7M	15M	15.2M	15.7M	14.7M	14.2M	13.6M	13.2M	14.27M	13.72M	14M	13.49M	13.62M	13.05M	11.29M	10.55M