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	2022
Revenue	—	—	—
Product	1,908.7^a	1,927.3^a	1,780.5^a
Service	4,047.1^a	3,377.5^a	2,636.9^a
Total revenue	5,955.8^a	5,304.8^a	4,417.4^a
Cost of revenue	—	—	—
Product	-652^a	-763.6^a	-691.3^a
Service	-505.6^a	-473.6^a	-393.6^a
Total cost of revenue	-1,157.6^a	-1,237.2^a	-1,084.9^a
Gross profit	—	—	—
Product	1,256.7^a	1,163.7^a	1,089.2^a
Service	3,541.5^a	2,903.9^a	2,243.3^a
Total gross profit	4,798.2^a	4,067.6^a	3,332.5^a
Operating expenses	—	—	—
Research and development	-716.8^a	-613.8^a	-512.4^a
Sales and marketing	-2,044.8^a	-2,006^a	-1,686.1^a
General and administrative	-237.8^a	-211.3^a	-169^a
Gain on intellectual property matter	-4.6^a	-4.6^a	-4.6^a
Total operating expenses	-2,994.8^a	-2,826.5^a	-2,362.9^a
Operating income	1,803.4^a	1,241.1^a	969.6^a
Interest income	155.2^a	119.7^a	17.4^a
Interest expense	-20^a	-21^a	-18^a
Gain on bargain purchase	106.3^a	0^a	0^a
Other income (expense) - net	13.6^a	-6.1^a	-13.5^a
Income before income taxes and loss from equity method investments	2,058.5^a	1,333.7^a	955.5^a
Provision for income taxes	-283.9^a	-143.8^a	-30.8^a
Loss from equity method investments	-29.4^a	-42.1^a	-68.1^a
Net income including non-controlling interests	1,745.2^a	1,147.8^a	856.6^a
Less: net loss attributable to non-controlling interests, net of tax	0^a	0^a	-0.7^a
Net income attributable to Fortinet, Inc.	1,745.2^a	1,147.8^a	857.3^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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