Fortinet Inc

Common Name

Fortinet

Country

United States

Sector

Technology

Industry

Software - Infrastructure

Employees

14,898

Ticker

FTNT

Exchange

NASDAQ/NGS

Website

www.fortinet.com

Description

Fortinet Inc. is a global leader in cybersecurity solutions, primarily focused on developing robust security systems to protect against cyber threats. The company's extensive product line includes fir... Show more

Financial Statements of Fortinet

Below are the financial statements of Fortinet, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Current assets	—	—
Cash and cash equivalents	2,875.9^a	1,397.9^a
Short-term investments	1,126.4^a	1,021.5^a
Marketable equity securities	64.2^a	21^a
Accounts receivable—net	1,463.4^a	1,402^a
Inventory	315.5^a	484.8^a
Prepaid expenses and other current assets	126.1^a	101.1^a
Total current assets	5,971.5^a	4,428.3^a
Assets	—	—
Property and equipment—net	1,349.5^a	1,044.4^a
Deferred contract costs	622.9^a	605.6^a
Deferred tax assets	1,335.6^a	868.8^a
Goodwill	235.4^a	126.5^a
Other intangible assets—net	115^a	35.3^a
Other assets	133.2^a	150^a
Total assets	9,763.1^a	7,258.9^a
Current liabilities	—	—
Accounts payable	190.9^a	204.3^a
Accrued liabilities	337.9^a	423.7^a
Accrued payroll and compensation	255.7^a	242.3^a
Deferred revenue	3,276.2^a	2,848.7^a
Total current liabilities	4,060.7^a	3,719^a
Liabilities	—	—
Deferred revenue	3,084.7^a	2,886.3^a
Long-term debt	994.3^a	992.3^a
Other liabilities	129.6^a	124.7^a
Total liabilities	8,269.3^a	7,722.3^a
Stockholders’ equity (deficit)	—	—
Common stock	0.8^a	0.8^a
Additional paid-in capital	1,636.2^a	1,416.4^a
Accumulated other comprehensive loss	-26.1^a	-18.9^a
Accumulated deficit	-117.1^a	-1,861.7^a
Total stockholders’ equity (deficit)	1,493.8^a	-463.4^a
Total liabilities and stockholders’ equity (deficit)	9,763.1^a	7,258.9^a

Verified Sources Behind Fortinet’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Fortinet’s data sources below and access millions more through our Disclosure Search.

a. Fortinet's 10-K 2024

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Fortinet Inc

Financial Statements of Fortinet

Verified Sources Behind Fortinet’s Financial Fundamentals Data

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