FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31

Fortinet, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026

$171.50+2.37 (+1.40%)

Close on Oct 19, 2026

Market cap: $126.89B
P/E (TTM): 60.4
Dividend yield: –

Fortinet, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	6,800	5,956	5,305	4,417	3,342	2,594	2,163	1,805	1,495	1,275	1,009	770	615	534	434	325	252
Cost of Revenue	1,329	1,158	1,237	1,085	783	570	506	450	385	338	287	231	181	147	114	85	70
Gross Profit	5,471	4,798	4,068	3,333	2,559	2,024	1,657	1,354	1,110	938	722	539	435	386	320	239	182
Research & Development	816	717	614	512	424	341	277	245	211	183	158	123	103	81	64	50	42
Selling, General & Admin	2,581	2,283	2,217	1,855	1,489	1,191	1,029	875	789	708	542	357	260	205	167	134	115
Selling & Marketing	2,348	2,045	2,006	1,686	1,346	1,072	927	782	701	627	470	316	225	179	146	112	96
General & Administrative	233	238	211	169	144	120	102	93	88	81	72	41	35	26	22	22	18
Operating Expenses	3,386	2,995	2,827	2,363	1,909	1,493	1,306	1,120	1,000	895	708	480	363	286	231	184	157
Operating Income	2,085	1,803	1,241	970	650	532	351	234	110	43	15	59	72	100	89	55	25
Interest Expense	20	20	21	18	15	0	0	–	–	–	–	–	–	–	–	–	–
Income from Equity Investments	10	-29	-42	-68	-7.60	0	0	–	–	–	–	–	–	–	–	–	–
Other Non-Operating Income	55	120	-6.10	-14	-12	-7.80	-7.50	-6.60	0.70	-7.10	-3.17	-3.17	-1.46	-0.49	-0.35	-0.82	0.20
Merger & Restructuring Charges	–	–	–	–	–	–	0	0	0.30	4.00	7.60	0	0	–	–	–	–
Asset Impairment Charges	0	0	0	0	0	0	0	0	0	0	–	–	–	–	0	0	2.39
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-0.02	-0.01	0
Pretax Income	2,282	2,059	1,334	956	628	542	386	254	124	43	17	62	76	105	92	56	28
Income Tax Expense	439	284	144	31	14	53	54	-81	93	11	9.02	36	32	38	30	15	-33
Net Income incl. Noncontrolling Interests	–	1,745	1,148	857	607	489	332	–	–	–	–	–	–	–	–	–	–
Minority Interest in Earnings	–	0	0	-0.70	-0.10	0	0	–	–	–	–	–	–	–	–	–	–
Net Income	1,853	1,745	1,148	857	607	489	332	335	31	32	7.99	25	44	67	62	41	60
Net Income to Common	–	–	–	–	–	–	–	–	–	–	–	–	–	–	62	41	51
EPS (Basic)(per share)	2.45	2.28	1.47	1.08	0.74	0.60	0.39	0.40	0.04	0.04	0.01	0.03	0.05	0.08	0.08	0.06	0.19
EPS (Diluted)(per share)	2.42	2.26	1.46	1.06	0.73	0.58	0.38	0.38	0.04	0.04	0.01	0.03	0.05	0.08	0.08	0.05	0.08
Shares Outstanding (Basic, Weighted)(shares)	758	764	779	791	816	821	855	846	872	863	852	819	812	790	763	704	263
Shares Outstanding (Diluted, Weighted)(shares)	765	772	788	805	835	838	875	871	891	882	881	846	841	832	819	782	652
EBITDA	2,237	1,926	1,355	1,074	735	601	413	290	165	91	46	81	88	112	96	61	31

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 80.2%
Operating margin: 32.4%
Net margin: 28.2%
Return on equity, FY2025: 135.7%

Financial strength

Current ratio: 1.28
Debt to equity: 0.32
Debt to assets: 4.6%
Cash to current liabilities: 60.6%

Valuation

P/E ratio: 60.4
Price to sales: 16.86
Price to book: 81.81
Dividend yield: –