FTNT: Fortinet, Inc. Financials
FTNT Income Statement
Total revenue
Net income
Gross margin TTM
80.84%
Operating margin TTM
30.62%
Net profit margin TTM
27.26%
Return on investment TTM
—
| Period end | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total revenue | 6,799,600,000 | 5,955,800,000 | 5,304,800,000 | 4,417,400,000 |
| Operating income | 2,082,000,000 | 1,803,400,000 | 1,241,100,000 | 969,600,000 |
| Net income | 1,853,400,000 | 1,745,200,000 | 1,147,800,000 | 857,300,000 |
All line items
| Line item | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total revenue | 6,799,600,000 | 5,955,800,000 | 5,304,800,000 | 4,417,400,000 |
| Cost of revenue | 1,302,600,000 | 1,157,600,000 | 1,237,200,000 | 1,084,900,000 |
| Gross profit | 5,497,000,000 | 4,798,200,000 | 4,067,600,000 | 3,332,500,000 |
| Research and development expenses | 815,500,000 | 716,800,000 | 613,800,000 | 512,400,000 |
| General and administrative expenses | 233,400,000 | 237,800,000 | 211,300,000 | 169,000,000 |
| Selling and marketing expenses | 2,347,500,000 | 2,044,800,000 | 2,006,000,000 | 1,686,100,000 |
| Selling, general and administrative expenses | 2,580,900,000 | 2,282,600,000 | 2,217,300,000 | 1,855,100,000 |
| Other expenses | 20,000,000 | -4,600,000 | -4,600,000 | -4,600,000 |
| Operating expenses | 3,416,400,000 | 2,994,800,000 | 2,826,500,000 | 2,362,900,000 |
| Cost and expenses | 4,719,000,000 | 4,152,400,000 | 4,063,700,000 | 3,447,800,000 |
| Net interest income | 142,200,000 | 135,200,000 | 98,700,000 | -600,000 |
| Interest income | 162,299,999 | 155,200,000 | 119,700,000 | 17,400,000 |
| Interest expense | 20,100,000 | 20,000,000 | 21,000,000 | 18,000,000 |
| Depreciation and amortization | 152,000,000 | 122,800,000 | 113,400,000 | 104,300,000 |
| EBITDA | 2,464,599,999 | 2,201,300,000 | 1,468,100,000 | 1,077,800,000 |
| EBIT | 2,312,599,999 | 2,078,500,000 | 1,354,700,000 | 973,500,000 |
| Non-operating income (excl. interest) | -230,599,999 | -275,100,000 | -113,600,000 | -3,900,000 |
| Operating income | 2,082,000,000 | 1,803,400,000 | 1,241,100,000 | 969,600,000 |
| Total other income/expenses (net) | 210,499,999 | 225,700,000 | 50,500,000 | -82,200,000 |
| Income before tax | 2,292,499,999 | 2,029,100,000 | 1,291,600,000 | 887,400,000 |
| Income tax expense | 439,100,000 | 283,900,000 | 143,800,000 | 30,800,000 |
| Net income from continuing operations | 1,853,399,999 | 1,745,200,000 | 1,147,800,000 | 856,600,000 |
| Net income from discontinued operations | 0 | 0 | 0 | 0 |
| Other adjustments to net income | 0 | 0 | 0 | 0 |
| Net income | 1,853,400,000 | 1,745,200,000 | 1,147,800,000 | 857,300,000 |
| Net income deductions | 0 | 0 | 0 | 700,000 |
| Bottom line net income | 1,853,400,000 | 1,745,200,000 | 1,147,800,000 | 856,600,000 |
| EPS | 2 | 2 | 1 | 1 |
| Diluted EPS | 2 | 2 | 1 | 1 |
| Weighted average shares outstanding | 743,100,000 | 764,400,000 | 778,600,000 | 791,400,000 |
| Weighted average diluted shares outstanding | 748,000,000 | 771,900,000 | 788,200,000 | 805,300,000 |