Fortinet, Inc.
Close on Nov 2, 2026Market cap $92.60BP/E 44.4Yield –
Fortinet Channel Revenue Concentration by Year
Channel Revenue Concentration — Distributor A (Exclusive Networks) (% of Total Revenue) (Q1–Q3 & Full Year) (%)
Fortinet Channel Revenue Concentration: 28.0% in FY2025, down 1.0 pts from a year earlier.
Where the FY2025 figure comes from
Source: Fortinet Form 10-K (ftnt-20251231_htm.xml, filed 2026-02-25) ↗
Published on a Q1, Q2, Q3 (10-Q) and Full-Year (10-K) cycle; Distributor A (Exclusive Networks) accounted for 29% of revenue in Q2 2026 and 30% in FY2025.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Channel Revenue Concentration — Distributor A (Exclusive Networks) (% of Total Revenue) (Q1–Q3 & Full Year) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 28.0% | -1.0 pts | Fortinet Form 10-K (ftnt-20251231_htm.xml, filed 2026-02-25) ↗ |
| FY2024 | Dec 31, 2024 | 29.0% | +1.0 pts | Fortinet Form 10-K (ftnt-20251231_htm.xml, filed 2026-02-25) ↗ |
| FY2023 | Dec 31, 2023 | 28.0% | -1.0 pts | Fortinet Form 10-K (ftnt-20251231_htm.xml, filed 2026-02-25) ↗ |
| FY2022 | Dec 31, 2022 | 29.0% | -2.0 pts | Fortinet Form 10-K (ftnt-20241231_htm.xml, filed 2025-02-21) ↗ |
| FY2021 | Dec 31, 2021 | 31.0% | +1.0 pts | Fortinet Form 10-K (ftnt-20231231_htm.xml, filed 2024-02-26) ↗ |
| FY2020 | Dec 31, 2020 | 30.0% | – | Fortinet Form 10-K (ftnt-20221231_htm.xml, filed 2023-02-24) ↗ |
Breakdown
What makes up channel Revenue Concentration
Cite this data
StockData. (2026). Fortinet Channel Revenue Concentration (%), annual FY2020–FY2025 [Data set]. Compiled from Fortinet SEC filings and investor materials. https://stockdatahq.com/stocks/ftnt/kpis/xbrl-conc-rev-distributora-91
See every metric in the Fortinet KPI table. Data updated Oct 28, 2026.