Fortinet, Inc. (FTNT) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	7.5B	6.8B	6.0B	5.3B	4.4B
Cost of Revenue	1.5B	1.3B	1.2B	1.2B	1.1B
Gross Profit	6.1B	5.5B	4.8B	4.1B	3.3B
Operating Expenses
R&D Expense	846.4M	815.5M	716.8M	613.8M	512.4M
SG&A Expense	2.8B	2.6B	2.3B	2.2B	1.9B
General & Admin Expense	236.0M	233.4M	237.8M	211.3M	169.0M
Selling & Marketing Expense	2.5B	2.3B	2.0B	2.0B	1.7B
Other Expenses	11.8M	20.0M	(4.6M)	(4.6M)	(4.6M)
Total Operating Expenses	3.6B	3.4B	3.0B	2.8B	2.4B
Cost and Expenses	5.1B	4.7B	4.2B	4.1B	3.4B
Operating Income (EBIT)	2.4B	2.1B	1.8B	1.2B	969.6M
Non-Operating
Interest Income	139.1M	162.3M	155.2M	119.7M	17.4M
Interest Expense	18.0M	20.1M	20.0M	21.0M	18.0M
Net Interest Income	121.1M	142.2M	135.2M	98.7M	(600.0K)
Other Non-Op Income/Expense	181.4M	210.5M	225.7M	50.5M	(82.2M)
Non-Operating Income (excl Interest)	(199.4M)	(230.6M)	(275.1M)	(113.6M)	(3.9M)
EBT (Pre-Tax Income)	2.6B	2.3B	2.0B	1.3B	887.4M
Income Tax Expense	502.5M	439.1M	283.9M	143.8M	30.8M
Bottom Line
Net Income	2.1B	1.9B	1.7B	1.1B	857.3M
Earnings from Cont. Ops	2.1B	1.9B	1.7B	1.1B	856.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	2.1B	1.9B	1.7B	1.1B	856.6M
Per Share
Basic EPS	$2.86	$2.44	$2.28	$1.47	$1.08
Diluted EPS	$2.84	$2.43	$2.26	$1.46	$1.06
Revenue Per Share	$10.23	$9.15	$7.79	$6.81	$5.58
Shares
Basic Shares Outstanding	735.9M	743.1M	764.4M	778.6M	791.4M
Diluted Shares Outstanding	741.3M	748.0M	771.9M	788.2M	805.3M
Profitability Metrics
EBITDA	2.9B	2.5B	2.2B	1.5B	1.1B
D&A	253.3M	152.0M	122.8M	113.4M	104.3M
EBIT	2.6B	2.3B	2.1B	1.4B	973.5M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026