Fortinet Inc. (FTNT)

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96.13

0.06 (0.06%)

At close: Apr 17, 2025, 3:59 PM

96.56

0.45%

After-hours: Apr 17, 2025, 07:30 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	5.96B	5.71B	5.54B	5.4B	5.3B	5.17B	4.99B	4.72B	4.42B	4.1B	3.82B	3.59B	3.34B	3.13B	2.91B	2.72B	2.59B	2.46B	2.35B	2.26B	2.16B	2.05B	1.96B	1.87B	1.8B	1.71B	1.63B	1.55B	1.49B	1.44B	1.38B	1.33B	1.28B	1.21B	1.15B	1.08B
Cost of Revenue	1.16B	1.16B	1.21B	1.23B	1.24B	1.22B	1.18B	1.14B	1.08B	1.02B	944.1M	880.2M	783M	721.7M	649.7M	597.9M	570M	543.5M	528.4M	521.6M	505.9M	493.9M	481.4M	466.2M	450.4M	427.32M	409.37M	391.92M	385.28M	370.76M	361.91M	350.76M	337.94M	329.03M	315.93M	300.92M
Gross Profit	4.8B	4.55B	4.32B	4.16B	4.07B	3.95B	3.8B	3.59B	3.33B	3.08B	2.87B	2.71B	2.56B	2.4B	2.26B	2.13B	2.02B	1.91B	1.83B	1.74B	1.65B	1.55B	1.47B	1.41B	1.35B	1.28B	1.22B	1.16B	1.11B	1.07B	1.02B	980.69M	937.5M	880.12M	836.63M	780.03M
Operating Income	1.8B	1.61B	1.44B	1.29B	1.24B	1.21B	1.18B	1.09B	969.6M	826.7M	727.6M	679.8M	650.4M	604.9M	565.4M	534.6M	528.9M	477.9M	451M	409.5M	344.2M	310.9M	273.7M	249.2M	231M	188.1M	158.99M	136.79M	109.8M	112.8M	84.59M	52.05M	40.96M	8.64M	1.31M	8.31M
Interest Income	155.2M	143.4M	138M	131.3M	119.7M	98.3M	65.9M	36.7M	17.4M	9.3M	5.9M	4.7M	4.5M	5.5M	6.8M	9.6M	17.7M	25.6M	34.5M	41.5M	42.5M	41.9M	37.4M	32.2M	26.5M	21.26M	18.23M	15.59M	13.48M	11.38M	9.41M	7.95M	7.3M	6.51M	5.96M	5.62M
Pretax Income	2.06B	1.86B	1.56B	1.39B	1.33B	1.29B	1.22B	1.11B	955.5M	794.6M	686.6M	647.7M	628.4M	592.8M	564.5M	541.1M	538.8M	494.8M	471.8M	436M	379.2M	343.6M	308.8M	274.5M	250.9M	203.88M	171.18M	152.59M	123.99M	122.42M	91.11M	54.51M	41.17M	10.7M	2.95M	10.12M
Net Income	1.75B	1.53B	1.31B	1.2B	1.15B	1.15B	1.06B	966.6M	857.3M	742.5M	674M	638M	606.8M	554.5M	514.8M	491.1M	488.5M	457M	413.8M	372.7M	326.9M	394.3M	372.8M	349.4M	332.2M	120.64M	88.64M	62.34M	31.44M	85.57M	65.16M	40.77M	26.64M	-1.06M	818K	3M
Selling & General & Admin	2.28B	2.26B	2.23B	2.24B	2.22B	2.15B	2.06B	1.96B	1.86B	1.76B	1.68B	1.58B	1.49B	1.4B	1.32B	1.24B	1.19B	1.15B	1.11B	1.08B	1.03B	972.6M	939.9M	905.4M	875.3M	861.68M	834.26M	806.21M	788.89M	754.93M	738.39M	735.02M	709.24M	686.08M	651.45M	596.52M
Research & Development	716.8M	678.2M	647.8M	635.7M	613.8M	590.2M	567.6M	538.6M	512.4M	496.1M	469.6M	451.9M	424.2M	400.6M	382.8M	358.3M	341.4M	323.6M	303.5M	288.8M	277.1M	271.4M	260.2M	254M	244.5M	233.77M	228.56M	218.52M	210.61M	201.43M	195.18M	189.53M	183.3M	180.52M	175.39M	167.28M
Other Expenses	-7.4M	-11.5M	-16.3M	-20.3M	-14.2M	-10.1M	-4M	-5.9M	-17.1M	-18.8M	-24.2M	-14.1M	-7M	-2.6M	2.7M	2.7M	32.4M	30.3M	24.2M	21.8M	-7.5M	-9.2M	-2.3M	-6.9M	-6.6M	-5.48M	-6.04M	206K	708K	-1.76M	-2.89M	-5.49M	-7.1M	-4.46M	-4.32M	-3.8M
Operating Expenses	3B	2.94B	2.88B	2.88B	2.83B	2.74B	2.63B	2.5B	2.37B	2.26B	2.15B	2.03B	1.91B	1.8B	1.7B	1.6B	1.53B	1.48B	1.41B	1.37B	1.31B	1.24B	1.2B	1.16B	1.12B	1.1B	1.06B	1.02B	999.5M	956.36M	933.57M	924.54M	892.54M	866.6M	826.84M	763.8M
Interest Expense	20M	20.5M	20.9M	21.1M	21M	20.1M	19.2M	18.5M	18M	18M	18.1M	18.1M	14.9M	12.4M	10.3M	9.8M	17.7M	25.6M	34.5M	41.5M	42.5M	41.9M	37.4M	32.2M	26.5M	21.26M	18.23M	15.59M	13.48M	11.38M	9.41M	7.95M	7.3M	6.51M	5.96M	5.62M
Selling & Marketing Expenses	2.04B	2.03B	2.01B	2.03B	2.01B	1.95B	1.88B	1.78B	1.69B	1.6B	1.52B	1.43B	1.35B	1.27B	1.19B	1.12B	1.07B	1.04B	998.3M	971M	926.9M	875.7M	846.6M	812.9M	782.3M	768.33M	742.39M	715.93M	701.03M	671.97M	654.44M	650.8M	627.8M	601.77M	567.93M	517.16M
Cost & Expenses	4.15B	4.1B	4.09B	4.11B	4.07B	3.96B	3.81B	3.64B	3.45B	3.28B	3.09B	2.91B	2.7B	2.53B	2.35B	2.19B	2.1B	2.02B	1.94B	1.89B	1.81B	1.74B	1.68B	1.63B	1.57B	1.52B	1.47B	1.42B	1.38B	1.33B	1.3B	1.28B	1.23B	1.2B	1.14B	1.06B
Income Tax Expense	283.9M	292.4M	210.9M	162M	143.8M	57.8M	85.4M	60.2M	30.8M	25.3M	-11.3M	-6.2M	14.1M	35.4M	49.7M	51.7M	52.6M	40.1M	60.7M	64.3M	52.7M	-50.3M	-64M	-74.9M	-81.3M	83.24M	82.64M	90.31M	92.59M	36.9M	25.9M	13.72M	14.53M	11.76M	2.13M	7.13M
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)	2.29	2.01	1.71	1.55	1.48	1.47	1.35	1.23	1.08	0.92	0.83	0.78	0.74	0.68	0.63	0.60	0.59	0.54	0.48	0.43	0.38	0.46	0.43	0.41	0.39	0.14	0.10	0.07	0.03	0.10	0.07	0.05	0.03	-0.00	0.00	0.00
EPS (Diluted)	2.26	1.98	1.69	1.53	1.45	1.45	1.33	1.21	1.07	0.91	0.81	0.76	0.72	0.66	0.62	0.60	0.59	0.54	0.48	0.43	0.37	0.45	0.43	0.40	0.38	0.14	0.10	0.07	0.03	0.10	0.07	0.05	0.03	-0.00	0.00	0.00
EBITDA	2.05B	1.89B	1.59B	1.46B	1.43B	1.42B	1.35B	1.23B	1.08B	914.9M	803.5M	758.3M	726.4M	674.2M	632.5M	597.6M	557.5M	506.7M	479.2M	436.2M	405.8M	371.5M	333.5M	307.4M	286.7M	243.37M	213.77M	191.87M	165.57M	168.45M	141.98M	107.38M	95.26M	59.88M	53.52M	55.7M
EBIT	2B	1.81B	1.51B	1.34B	1.32B	1.31B	1.24B	1.13B	973.5M	812.6M	704.7M	665.8M	642M	599.6M	564.1M	538.3M	498.8M	447.8M	422.6M	374.1M	344.8M	318.5M	288.5M	264.8M	250.9M	201M	164.1M	141M	110.1M	113.93M	88M	56.1M	46.94M	15.5M	11.77M	18.21M
Depreciation & Amortization	88.8M	117.8M	116.3M	114.5M	113.4M	110.5M	108.6M	106.3M	104.3M	102.3M	98.8M	92.5M	84.4M	75.8M	69.6M	68.6M	68.8M	67.8M	66.1M	63.5M	61.6M	60.6M	59.8M	58.2M	55.7M	55.27M	54.78M	55.18M	55.48M	54.83M	54.17M	51.46M	48.52M	44.28M	40.05M	35.79M