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Fortinet, Inc. (FTNT) Financial Statements

Fortinet, Inc.
SIC 3577 · COMPUTER PERIPHERAL EQUIPMENT, NEC
FIGI BBG001S77BL6
XNAS · usd
166.83▲ 6.21 (3.87%)
As of 2026-07-14
Valuation
Market Cap
Enterprise Value
Trailing P/E
Price / Sales
EV / Revenue
EV / EBITDA
Financial Highlights
Revenue (TTM)$7.1B
Net Income (TTM)$2.0B
EBITDA
Diluted EPS (TTM)
EBITDA Margin33.3%
Net Debt
Trading Information
Previous Close160.62
Day's Range158.06 – 167.27
52-Week Range70.12 – 167.27
Volume4.39M
Avg Volume6.21M
Share Statistics
Shares Outstanding732.6M
Employees15.1K
ExchangeXNAS
Listed2009-11-18

Key questions about Fortinet, Inc. (FTNT)

What is Fortinet, Inc.'s Market Cap?
Fortinet, Inc.'s Market Cap is $122.2B, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s Enterprise Value?
Fortinet, Inc.'s Enterprise Value is $117.7B, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s Trailing P/E?
Fortinet, Inc.'s Trailing P/E is 62.5×, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s Price / Sales?
Fortinet, Inc.'s Price / Sales is 17.2×, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s EV / Revenue?
Fortinet, Inc.'s EV / Revenue is 16.6×, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s EV / EBITDA?
Fortinet, Inc.'s EV / EBITDA is 49.7×, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s Revenue (TTM)?
Fortinet, Inc.'s Revenue (TTM) is $7.1B, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s Net Income (TTM)?
Fortinet, Inc.'s Net Income (TTM) is $2.0B, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s EBITDA?
Fortinet, Inc.'s EBITDA is $2.4B, based on as-reported figures from SEC (XBRL) filings.
What is Fortinet, Inc.'s Diluted EPS (TTM)?
Fortinet, Inc.'s Diluted EPS (TTM) is 2.67, based on as-reported figures from SEC (XBRL) filings.
Loading Income Statement…
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Income Statement(in millions of USD, except per-share data)
Source: Akyla.ai
Line ItemMar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022
REVENUE:
Product
Service
Total revenue
YoY growth+20.1%+14.8%+14.4%+13.6%
COST OF REVENUE:
Product
Service
Total cost of revenue
GROSS PROFIT:
Product
% of revenue23.6%24.3%21.9%21.0%
Service
% of revenue56.7%55.3%58.8%59.6%
Total gross profit
% of revenue80.3%79.6%80.8%80.7%
OPERATING EXPENSES:
Research and development
Sales and marketing
General and administrative
Gain on intellectual property matters
Total operating expenses
% of revenue48.9%46.7%49.0%52.6%
Income (loss) from operations
% of revenue31.4%32.8%31.7%28.1%
INTEREST INCOME
INTEREST EXPENSE—
OTHER INCOME—NET
Income (loss) before income taxes
Income tax expense (benefit)
GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS
NET INCOME
% of revenue28.9%26.6%27.5%27.0%
Basic
Diluted
Weighted-average shares outstanding:
Basic
Diluted