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Fortinet Inc

Common Name
Fortinet
Country
United States
Sector
Technology
Industry
Software - Infrastructure
Employees
15,015
Ticker
FTNT
Exchange
NASDAQ/NGS
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...

Fortinet's Financial Statements Preview

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.

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All figures in millions of USD
2024 as of 2024-12-31
2023 as of 2023-12-31
Assets
Current assets
Cash and cash equivalents
2,875.9a
1,397.9a
Short-term investments
1,126.4a
1,021.5a
Marketable equity securities
64.2a
21a
Accounts receivable—net
1,463.4a
1,402a
Inventory
315.5a
484.8a
Prepaid expenses and other current assets
126.1a
101.1a
Total current assets
5,971.5a
4,428.3a
Property and equipment—net
1,349.5a
1,044.4a
Deferred contract costs
622.9a
605.6a
Deferred tax assets
1,335.6a
868.8a
Goodwill
235.4a
126.5a
Other intangible assets—net
115a
35.3a
Other assets
133.2a
150a
Total assets
9,763.1a
7,258.9a
Liabilities
Current liabilities
Accounts payable
190.9a
204.3a
Accrued liabilities
337.9a
423.7a
Accrued payroll and compensation
255.7a
242.3a
Deferred revenue
3,276.2a
2,848.7a
Total current liabilities
4,060.7a
3,719a
Deferred revenue
3,084.7a
2,886.3a
Long-term debt
994.3a
992.3a
Other liabilities
129.6a
124.7a
Total liabilities
8,269.3a
7,722.3a
Stockholders’ equity (deficit)
Common stock
0.8a
0.8a
Additional paid-in capital
1,636.2a
1,416.4a
Accumulated other comprehensive loss
-26.1a
-18.9a
Accumulated deficit
-117.1a
-1,861.7a
Total stockholders’ equity (deficit)
1,493.8a
-463.4a
Total liabilities and stockholders’ equity (deficit)
9,763.1a
7,258.9a
Limited Data Preview
You are viewing a limited preview of Fortinet’s balance sheet data. The reported financial values are complete. The full dataset, available for download, additionally includes structured metadata for each line item, such as line item role (line item, subtotal, total) and financial classification (e.g., assets, liabilities, equity, revenue, expenses).
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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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