FTNT
Income statement / Annual
Last year (2024), Fortinet, Inc.'s total revenue was $5.96 B,
an increase of 12.27% from the previous year.
In 2024, Fortinet, Inc.'s net income was $1.75 B.
See Fortinet, Inc.,s key income statements, including revenue, expenses, profit, and income.
Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
Operating Revenue |
$5.96 B |
$5.30 B |
$4.42 B |
$3.34 B |
$2.59 B |
$2.16 B |
$1.80 B |
$1.49 B |
$1.28 B |
$1.01 B |
Cost of Revenue |
$1.16 B
|
$1.24 B
|
$1.08 B
|
$783.00 M
|
$570.00 M
|
$505.90 M
|
$450.40 M
|
$385.28 M
|
$337.84 M
|
$286.78 M
|
Gross Profit |
$4.80 B
|
$4.07 B
|
$3.33 B
|
$2.56 B
|
$2.02 B
|
$1.65 B
|
$1.35 B
|
$1.11 B
|
$937.61 M
|
$722.49 M
|
Gross Profit Ratio |
0.81
|
0.77
|
0.75
|
0.77
|
0.78
|
0.77
|
0.75
|
0.74
|
0.74
|
0.72
|
Research and Development Expenses |
$716.80 M
|
$613.80 M
|
$512.40 M
|
$424.20 M
|
$341.40 M
|
$277.10 M
|
$244.50 M
|
$210.61 M
|
$183.08 M
|
$158.13 M
|
General & Administrative Expenses |
$237.80 M
|
$211.30 M
|
$169.00 M
|
$143.50 M
|
$119.50 M
|
$102.10 M
|
$93.00 M
|
$87.86 M
|
$81.08 M
|
$71.51 M
|
Selling & Marketing Expenses |
$2.04 B
|
$2.01 B
|
$1.69 B
|
$1.35 B
|
$1.07 B
|
$926.90 M
|
$782.30 M
|
$701.03 M
|
$626.50 M
|
$470.37 M
|
Selling, General & Administrative Expenses |
$2.28 B
|
$2.22 B
|
$1.86 B
|
$1.49 B
|
$1.19 B
|
$1.03 B
|
$875.30 M
|
$788.89 M
|
$707.58 M
|
$541.89 M
|
Other Expenses |
$0.00
|
-$4.60 M
|
-$8.90 M
|
-$7.00 M
|
$32.40 M
|
-$7.50 M
|
-$6.60 M
|
$708,000.00
|
-$7.10 M
|
-$3.17 M
|
Operating Expenses |
$3.00 B
|
$2.83 B
|
$2.37 B
|
$1.91 B
|
$1.53 B
|
$1.31 B
|
$1.12 B
|
$999.50 M
|
$890.67 M
|
$700.01 M
|
Cost And Expenses |
$4.16 B
|
$4.06 B
|
$3.45 B
|
$2.70 B
|
$2.10 B
|
$1.81 B
|
$1.57 B
|
$1.38 B
|
$1.23 B
|
$986.79 M
|
Interest Income |
$155.20 M
|
$119.70 M
|
$17.40 M
|
$4.50 M
|
$17.70 M
|
$42.50 M
|
$26.50 M
|
$13.48 M
|
$7.30 M
|
$5.30 M
|
Interest Expense |
-$20.00 M
|
$21.00 M
|
$18.00 M
|
$14.90 M
|
$0.00
|
$0.00
|
$26.50 M
|
$13.48 M
|
$7.30 M
|
$5.30 M
|
Depreciation & Amortization |
$0.00
|
$113.40 M
|
$104.30 M
|
$84.40 M
|
$68.80 M
|
$61.60 M
|
$55.70 M
|
$55.48 M
|
$48.52 M
|
$31.59 M
|
EBITDA |
$1.80 B |
$1.47 B |
$1.08 B |
$727.70 M |
$560.40 M |
$412.60 M |
$286.70 M |
$179.47 M |
$91.67 M |
$55.77 M |
EBITDA Ratio |
0.3
|
0.28
|
0.24
|
0.22
|
0.22
|
0.19
|
0.16
|
0.11
|
0.08
|
0.06
|
Operating Income Ratio |
0.3
|
0.23
|
0.22
|
0.19
|
0.2
|
0.16
|
0.13
|
0.07
|
0.03
|
0.01
|
Total Other Income/Expenses Net |
$255.10 M
|
$92.60 M
|
-$14.10 M
|
-$22.00 M
|
$9.90 M
|
$35.00 M
|
$19.90 M
|
$14.19 M
|
$248,000.00
|
$2.13 M
|
Income Before Tax |
$2.06 B
|
$1.33 B
|
$955.50 M
|
$628.40 M
|
$541.70 M
|
$379.20 M
|
$250.90 M
|
$123.99 M
|
$43.15 M
|
$17.01 M
|
Income Before Tax Ratio |
0.35
|
0.25
|
0.22
|
0.19
|
0.21
|
0.18
|
0.14
|
0.08
|
0.03
|
0.02
|
Income Tax Expense |
$283.90 M
|
$143.80 M
|
$30.80 M
|
$14.10 M
|
$53.20 M
|
$52.70 M
|
-$81.30 M
|
$92.60 M
|
$10.96 M
|
$9.02 M
|
Net Income |
$1.75 B
|
$1.15 B
|
$857.30 M
|
$606.80 M
|
$488.50 M
|
$326.50 M
|
$332.20 M
|
$31.40 M
|
$32.19 M
|
$7.99 M
|
Net Income Ratio |
0.29
|
0.22
|
0.19
|
0.18
|
0.19
|
0.15
|
0.18
|
0.02
|
0.03
|
0.01
|
EPS |
2.28 |
1.47 |
1.08 |
0.74 |
0.6 |
0.39 |
0.39 |
0.036 |
0.038 |
0.01 |
EPS Diluted |
2.26 |
1.46 |
1.06 |
0.73 |
0.58 |
0.38 |
0.38 |
0.036 |
0.036 |
0.01 |
Weighted Average Shares Out |
$764.40 M
|
$778.60 M
|
$791.40 M
|
$816.00 M
|
$821.00 M
|
$855.00 M
|
$845.50 M
|
$871.58 M
|
$863.00 M
|
$851.93 M
|
Weighted Average Shares Out Diluted |
$771.90 M
|
$788.20 M
|
$805.30 M
|
$835.50 M
|
$838.50 M
|
$875.00 M
|
$871.00 M
|
$890.40 M
|
$881.50 M
|
$880.71 M
|
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