Fortinet, Inc. (FTNT) Financial Statements
Fortinet financial statements at a glance
Fortinet reported revenue of $6.80 billion for fiscal year 2025 (ended December 31, 2025), up 14.2% from fiscal year 2024. Net income was $1.85 billion, a net margin of 27.3%.
At the end of fiscal year 2025 it had total assets of $10.39 billion, total liabilities of $9.15 billion and shareholders' equity of $1.24 billion, with total debt of $996.30 million.
Its operations brought in $2.59 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Fortinet, Inc.
Income Statement
Annual • USD
Fortinet key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.0B | $5.3B | $4.4B | $3.3B |
| Gross profit | $5.5B | $4.8B | $4.1B | $3.3B | $2.6B |
| Operating income | $2.1B | $1.9B | $1.2B | $969.6M | $650.4M |
| Net income | $1.9B | $1.7B | $1.1B | $857.3M | $606.8M |
| Diluted EPS | – | – | – | – | $0.73 |
| Total assets | $10.4B | $9.8B | $7.3B | $6.2B | $5.9B |
| Total liabilities | $9.2B | $8.3B | $7.7B | $6.5B | $5.1B |
| Shareholders' equity | $1.2B | $1.5B | -$463.4M | -$281.6M | $781.7M |
| Cash | – | – | – | – | $1.3B |
| Total debt | $996.3M | $994.3M | $992.3M | $990.4M | $988.4M |
| Operating cash flow | $2.6B | $2.3B | $1.9B | $1.7B | $1.5B |
| Capital spending | – | – | – | – | $295.9M |
| Free cash flow | – | – | – | – | $1.2B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Fortinet's revenue in fiscal year 2025?
$6.80 billion, up 14.2% from $5.96 billion in fiscal year 2024.
How much profit does Fortinet make?
Fortinet reported net income of $1.85 billion for fiscal year 2025 (27.3% of revenue); operating income was $2.08 billion.
How much cash and debt does Fortinet have?
At the end of fiscal year 2025: total debt of $996.30 million.
