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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
2023
2022
Revenue
Product
1,908.7a
1,927.3a
1,780.5a
Service
4,047.1a
3,377.5a
2,636.9a
Total revenue
5,955.8a
5,304.8a
4,417.4a
Cost of revenue
Product
-652a
-763.6a
-691.3a
Service
-505.6a
-473.6a
-393.6a
Total cost of revenue
-1,157.6a
-1,237.2a
-1,084.9a
Gross profit
Product
1,256.7a
1,163.7a
1,089.2a
Service
3,541.5a
2,903.9a
2,243.3a
Total gross profit
4,798.2a
4,067.6a
3,332.5a
Operating expenses
Research and development
-716.8a
-613.8a
-512.4a
Sales and marketing
-2,044.8a
-2,006a
-1,686.1a
General and administrative
-237.8a
-211.3a
-169a
Gain on intellectual property matter
-4.6a
-4.6a
-4.6a
Total operating expenses
-2,994.8a
-2,826.5a
-2,362.9a
Operating income
1,803.4a
1,241.1a
969.6a
Interest income
155.2a
119.7a
17.4a
Interest expense
-20a
-21a
-18a
Gain on bargain purchase
106.3a
0a
0a
Other income (expense) - net
13.6a
-6.1a
-13.5a
Income before income taxes and loss from equity method investments
2,058.5a
1,333.7a
955.5a
Provision for income taxes
-283.9a
-143.8a
-30.8a
Loss from equity method investments
-29.4a
-42.1a
-68.1a
Net income including non-controlling interests
1,745.2a
1,147.8a
856.6a
Less: net loss attributable to non-controlling interests, net of tax
0a
0a
-0.7a
Net income attributable to Fortinet, Inc.
1,745.2a
1,147.8a
857.3a
Limited Data Preview
You are viewing a limited preview of Fortinet’s income statement 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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