FTNT
Fortinet, Inc.
NASDAQ · Technology · Software - Infrastructure · US
$129.39
+1.00%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 7.9B | 6.8B | 6.0B | 5.3B | 4.4B |
| Cost of Revenue | 1.6B | 1.3B | 1.2B | 1.2B | 1.1B |
| Gross Profit | 6.3B | 5.5B | 4.8B | 4.1B | 3.3B |
| Operating Expenses | |||||
| R&D Expense | 857.4M | 815.5M | 716.8M | 613.8M | 512.4M |
| SG&A Expense | 2.8B | 2.6B | 2.3B | 2.2B | 1.9B |
| General & Admin Expense | 234.2M | 233.4M | 237.8M | 211.3M | 169.0M |
| Selling & Marketing Expense | 2.6B | 2.3B | 2.0B | 2.0B | 1.7B |
| Other Expenses | (2.7M) | 20.0M | (4.6M) | (4.6M) | (4.6M) |
| Total Operating Expenses | 3.7B | 3.4B | 3.0B | 2.8B | 2.4B |
| Cost and Expenses | 5.3B | 4.7B | 4.2B | 4.1B | 3.4B |
| Operating Income (EBIT) | 2.6B | 2.1B | 1.8B | 1.2B | 969.6M |
| Non-Operating | |||||
| Interest Income | 141.1M | 162.3M | 155.2M | 119.7M | 17.4M |
| Interest Expense | 14.8M | 20.1M | 20.0M | 21.0M | 18.0M |
| Net Interest Income | 126.3M | 142.2M | 135.2M | 98.7M | (600.0K) |
| Other Non-Op Income/Expense | 183.4M | 210.5M | 225.7M | 50.5M | (82.2M) |
| Non-Operating Income (excl Interest) | (198.2M) | (230.6M) | (275.1M) | (113.6M) | (3.9M) |
| EBT (Pre-Tax Income) | 2.8B | 2.3B | 2.0B | 1.3B | 887.4M |
| Income Tax Expense | 501.3M | 439.1M | 283.9M | 143.8M | 30.8M |
| Bottom Line | |||||
| Net Income | 2.3B | 1.9B | 1.7B | 1.1B | 857.3M |
| Earnings from Cont. Ops | 2.3B | 1.9B | 1.7B | 1.1B | 856.6M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 2.3B | 1.9B | 1.7B | 1.1B | 856.6M |
| Per Share | |||||
| Basic EPS | $3.10 | $2.44 | $2.28 | $1.47 | $1.08 |
| Diluted EPS | $3.08 | $2.43 | $2.26 | $1.46 | $1.06 |
| Revenue Per Share | $10.73 | $9.15 | $7.79 | $6.81 | $5.58 |
| Shares | |||||
| Basic Shares Outstanding | 734.2M | 743.1M | 764.4M | 778.6M | 791.4M |
| Diluted Shares Outstanding | 742.6M | 748.0M | 771.9M | 788.2M | 805.3M |
| Profitability Metrics | |||||
| EBITDA | 3.0B | 2.5B | 2.2B | 1.5B | 1.1B |
| D&A | 160.1M | 152.0M | 122.8M | 113.4M | 104.3M |
| EBIT | 2.8B | 2.3B | 2.1B | 1.4B | 973.5M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026