FTNT
Fortinet (FTNT)
NASDAQ
$148.16+$2.77 (+1.91%)
Price as of Jun 23, 2026 1:49 PM EDT
  • $106.5B
    Market Cap
  • 40.95%
    1-Year Change
  • Software - Infrastructure
    Industry
Annual
Quarterly
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Income Statement
Total Operating Revenue
2.2B
-62.75%
6.0B
+12.27%
5.3B
+20.09%
4.4B
+32.17%
Cost of Revenue
725.4M
-37.34%
1.2B
-6.43%
1.2B
+14.04%
1.1B
+38.56%
Gross Profit
1.5B
-68.88%
4.8B
+17.96%
4.1B
+22.06%
3.3B
+30.22%
Sales and Marketing Expense
2.3B
+14.80%
2.0B
+1.93%
2.0B
+18.97%
1.7B
+25.30%
Research and Development Expense
-815.5M
+13.77%
-716.8M
+16.78%
-613.8M
+19.79%
-512.4M
+20.79%
Depreciation and Amortization Expense
152.0M
+23.78%
122.8M
+8.29%
113.4M
+8.72%
104.3M
+23.58%
Total Operating Expenses
3.4B
+13.06%
3.0B
+5.95%
2.8B
+19.62%
2.4B
+23.79%
Operating Profit
2.1B
+15.60%
1.8B
+45.31%
1.2B
+28.00%
969.6M
+49.08%
Interest Income
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Interest Expense
-20.1M
+0.50%
-20.0M
-4.76%
-21.0M
+16.67%
-18.0M
+20.81%
Interest Income and Expense and Net
-20.1M
+0.50%
-20.0M
-4.76%
-21.0M
+16.67%
-18.0M
+20.81%
Total Nonoperating Income and Expense
55.3M
+306.62%
13.6M
+322.95%
-6.1M
-54.81%
-13.5M
+16.38%
Income before Taxes
2.3B
+10.87%
2.1B
+54.35%
1.3B
+39.58%
955.5M
+52.05%
Income Taxes
439.1M
+54.67%
283.9M
+97.43%
143.8M
+366.88%
30.8M
+118.44%
Extraordinary Items
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Net Income
1.9B
+6.20%
1.7B
+52.05%
1.1B
+33.89%
857.3M
+41.28%
Net Income from Continuing Operations Applicable to Common
1.9B
+6.20%
1.7B
+52.05%
1.1B
+33.89%
857.3M
+41.28%
Basic EPS and Net Income
2.45
+7.46%
2.28
+55.10%
1.47
+36.11%
1.08
-70.97%
Diluted EPS and Net Income
2.42
+7.08%
2.26
+54.79%
1.46
+37.74%
1.06
-70.80%
Basic Weighted Average Shares
758.0M
-0.84%
764.4M
-1.82%
778.6M
-1.62%
791.4M
+384.93%
Diluted Weighted Average Shares
764.6M
-0.95%
771.9M
-2.07%
788.2M
-2.12%
805.3M
+381.93%
Balance Sheet
Cash and Cash Equivalents
2.5B
-13.23%
2.9B
+105.73%
1.4B
-16.94%
1.7B
+27.58%
Short-Term Investments
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash and Cash Equivalents and Short-Term Investments
2.5B
-13.23%
2.9B
+105.73%
1.4B
-16.94%
1.7B
+27.58%
Total Current Assets
5.9B
-1.19%
6.0B
+34.85%
4.4B
+16.22%
3.8B
+5.83%
Accumulated Depreciation
481.9M
+15.81%
416.1M
+17.88%
353.0M
+25.98%
280.2M
+32.36%
Property and Plant and Equipment and Net
1.6B
+19.97%
1.3B
+29.21%
1.0B
+16.24%
898.5M
+30.67%
Total Long-Term Assets
125.2M
-6.01%
133.2M
-11.20%
150.0M
-25.74%
202.0M
-14.33%
Total Assets
10.4B
+6.41%
9.8B
+34.50%
7.3B
+16.55%
6.2B
+5.22%
Income Taxes Payable
N/A
N/A
N/A
N/A
N/A
N/A
67.8M
-14.72%
Total Short-Term Debt
499.7M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Current Liabilities
5.0B
+23.97%
4.1B
+9.19%
3.7B
+20.81%
3.1B
+32.80%
Total Long-Term Debt
496.6M
-50.06%
994.3M
+0.20%
992.3M
+0.19%
990.4M
+0.20%
Total Long-Term Liabilities
141.3M
+9.03%
129.6M
+3.93%
124.7M
+52.07%
82.0M
+38.51%
Total Liabilities
9.2B
+10.67%
8.3B
+7.08%
7.7B
+18.63%
6.5B
+27.12%
Retained Earnings
-507.9M
+333.73%
-117.1M
-93.71%
-1.9B
+20.39%
-1.5B
+230.50%
Total Stockholders Equity
1.2B
-17.16%
1.5B
+422.36%
-463.4M
+64.56%
-281.6M
-136.02%
Total Shares Outstanding
743.0M
-3.13%
767.0M
+0.79%
761.0M
-2.62%
781.5M
+382.41%
Cash Flow
Cash from Operating Activities
2.6B
+14.72%
2.3B
+16.67%
1.9B
+11.84%
1.7B
+15.40%
Capital Expenditures
364.8M
-3.72%
378.9M
+85.64%
204.1M
-27.42%
281.2M
-4.97%
Cash from Investing Activities
-599.1M
-17.64%
-727.4M
+12.03%
-649.3M
-185.00%
763.9M
+157.65%
Dividends Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash from Financing Activities
-2.4B
+4,633.53%
-50.1M
-96.81%
-1.6B
-26.28%
-2.1B
-2,672.83%
Financials Ratio
Gross Margin
67.30%
-16.46%
80.56%
+5.07%
76.68%
+1.64%
75.44%
-1.48%
Operating Margin
93.97%
+210.35%
30.28%
+29.42%
23.40%
+6.59%
21.95%
+12.79%
Return on Assets
18.39%
-10.30%
20.51%
+20.47%
17.02%
+20.59%
14.12%
+15.89%
Return on Equity
135.72%
-59.94%
338.74%
+209.93%
-308.13%
-189.87%
342.85%
+362.66%
Revenue Growth
-62.75%
-611.35%
12.27%
-38.91%
20.09%
-37.56%
32.17%
+11.61%
Current Ratio
1.17
-20.30%
1.47
+23.51%
1.19
-3.81%
1.24
-20.31%
Cash Ratio
0.50
-30.01%
0.71
+88.40%
0.38
-31.24%
0.55
-3.92%
Debt-to-Equity Ratio
0.81
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Debt-to-Assets Ratio
0.10
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Earnings & Revenue History

Debt-to-Assets

Cash Flow