For the quarter ending 2025-09-30, FTNT made $1,724.9M in revenue. $473.9M in net income. Net profit margin of 27.47%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 1,724.9 | 1,630 | 1,539.7 | 1,660.1 |
| Product | 180.7 | 165.9 | 149.9 | 178 |
| Service | 151 | 149 | 143.2 | 136.5 |
| Total cost of revenue | 331.7 | 314.9 | 293.1 | 314.5 |
| Total gross profit | 1,393.2 | 1,315.1 | 1,246.6 | 1,345.6 |
| Research and development | 202.4 | 209.5 | 198.6 | 191.1 |
| Sales and marketing | 583.5 | 592 | 542.7 | 526.5 |
| General and administrative | 61.4 | 56.9 | 57.8 | 55.1 |
| Gain on intellectual property matters | 1.4 | 1.3 | 6.3 | 1.2 |
| Total operating expenses | 845.9 | 857.1 | 792.8 | 771.5 |
| Operating income | 547.3 | 458 | 453.8 | 574.1 |
| Interest income | 40.7 | 45 | 44.3 | 42.3 |
| Interest expense | - | - | - | 5 |
| Gain on bargain purchase | - | - | - | 27 |
| Interest expense | 6.2 | 4.6 | 4.9 | - |
| Other incomenet | 13 | 18.9 | 26.1 | 6.9 |
| Income before income taxes and gain (loss) from equity method investments | 594.8 | 517.3 | 519.3 | 618.4 |
| Provision for income taxes | 120.7 | 77.1 | 96.5 | 86.7 |
| Gain (loss) from equity method investments | -0.2 | -0.1 | 10.6 | -5.5 |
| Net income including non-controlling interests | - | - | - | 436 |
| Less net loss attributable to non-controlling interests, net of tax | - | - | - | 90 |
| Net income | 473.9 | 440.1 | 433.4 | 526.2 |
| Basic (in dollars per share) | 0.63 | 0.57 | 0.56 | 0.68 |
| Basic (in shares) | 755,500,000 | 765,500,000 | 768,300,000 | -1,526,800,000 |
| Diluted (in dollars per share) | 0.62 | 0.57 | 0.56 | 0.68 |
| Diluted (in shares) | 761,200,000 | 772,700,000 | 776,800,000 | -1,540,400,000 |
Fortinet, Inc. (FTNT)
Fortinet, Inc. (FTNT)