Fortinet, Inc.
FTNT · XNASCIK 1262039fmd_1KME37G4D2TA6R1VY2X81EBW3XManufacturing · Computer Peripheral Equipment, NECTemplate: Standard
Coverage: Dec 29, 2008 to Sep 30, 2026, 67 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 1,275 | 1,495 | 1,805 | 2,163 | 2,594 | 3,342 | 4,417 | 5,305 | 5,956 | 6,800 |
| Cost of revenue | 338 | 385 | 450 | 506 | 570 | 783 | 1,085 | 1,237 | 1,158 | 1,329 |
| Gross profit | 938 | 1,110 | 1,354 | 1,657 | 2,024 | 2,559 | 3,333 | 4,068 | 4,798 | 5,471 |
| Research and development | 183 | 211 | 245 | 277 | 341 | 424 | 512 | 614 | 717 | 816 |
| Selling, general and administrative | 708 | 789 | 875 | 1,029 | 1,191 | 1,489 | 1,855 | 2,217 | 2,283 | 2,581 |
| Total operating expenses | 895 | 1,000 | 1,120 | 1,306 | 1,493 | 1,909 | 2,363 | 2,827 | 2,995 | 3,386 |
| Operating income | 43 | 110 | 234 | 351 | 532 | 650 | 970 | 1,241 | 1,803 | 2,085 |
| Interest expense | – | – | – | 0 | 0 | 15 | 18 | 21 | 20 | 20 |
| Other non-operating income (expense) | (7) | 1 | (7) | (8) | (8) | (12) | (14) | (6) | 120 | 55 |
| Income before taxes | 43 | 124 | 254 | 386 | 542 | 628 | 956 | 1,334 | 2,059 | 2,282 |
| Income tax expense | 11 | 93 | (81) | 54 | 53 | 14 | 31 | 144 | 284 | 439 |
| Net income from continuing operations | 32 | 31 | 335 | 332 | 489 | 614 | 925 | 1,190 | 1,775 | 1,843 |
| Net income | 32 | 31 | 335 | 332 | 489 | 607 | 857 | 1,148 | 1,745 | 1,853 |
| Net income to common shareholders | – | – | – | – | – | – | – | – | – | – |