Fortinet, Inc. financial data

Symbol
FTNT on Nasdaq
Location
Sunnyvale, CA
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 07 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 129% % 2%
Quick Ratio 8.2% % -25%
Debt-to-equity 543% % -90%
Return On Equity 120% % -88%
Return On Assets 19% % -3%
Operating Margin 31% % 9.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 743,648,102 shares -3%
Common Stock, Shares, Outstanding 742,900,000 shares -3%
Entity Public Float $31,496,083,015 USD -18%
Common Stock, Value, Issued $700,000 USD -12%
Weighted Average Number of Shares Outstanding, Basic 755,500,000 shares -1.2%
Weighted Average Number of Shares Outstanding, Diluted 761,200,000 shares -1.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $6,554,700,000 USD 15%
Research and Development Expense $801,600,000 USD 18%
Selling and Marketing Expense $2,244,700,000 USD 11%
General and Administrative Expense $231,200,000 USD -2.8%
Operating Income (Loss) $2,033,200,000 USD 26%
Income Tax Expense (Benefit) $381,000,000 USD 30%
Net Income (Loss) Attributable to Parent $1,873,600,000 USD 22%
Earnings Per Share, Basic 2 USD/shares 22%
Earnings Per Share, Diluted 2 USD/shares 22%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $1,995,700,000 USD -20%
Accounts Receivable, after Allowance for Credit Loss, Current $1,168,300,000 USD 12%
Inventory, Net $426,600,000 USD 20%
Assets, Current $4,913,500,000 USD -5.9%
Deferred Income Tax Assets, Net $1,367,800,000 USD 5.2%
Property, Plant and Equipment, Net $1,605,200,000 USD 26%
Operating Lease, Right-of-Use Asset $72,200,000 USD -5%
Intangible Assets, Net (Excluding Goodwill) $110,200,000 USD -1.3%
Goodwill $258,300,000 USD 21%
Other Assets, Noncurrent $135,000,000 USD 0.9%
Assets $9,361,300,000 USD 5.8%
Accounts Payable, Current $221,300,000 USD 24%
Employee-related Liabilities, Current $274,300,000 USD 11%
Accrued Liabilities, Current $330,600,000 USD -12%
Contract with Customer, Liability, Current $3,460,500,000 USD 12%
Liabilities, Current $4,786,100,000 USD 23%
Contract with Customer, Liability, Noncurrent $3,189,900,000 USD 8.9%
Operating Lease, Liability, Noncurrent $46,400,000 USD 1.5%
Other Liabilities, Noncurrent $153,700,000 USD 13%
Liabilities $8,626,200,000 USD 8.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax $21,800,000 USD -21%
Retained Earnings (Accumulated Deficit) $958,500,000 USD -49%
Stockholders' Equity Attributable to Parent $735,100,000 USD -19%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $735,100,000 USD -19%
Liabilities and Equity $9,361,300,000 USD 5.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $863,300,000 USD 4%
Net Cash Provided by (Used in) Financing Activities $32,700,000 USD -7.9%
Net Cash Provided by (Used in) Investing Activities $110,800,000 USD 59%
Common Stock, Shares Authorized 1,500,000,000 shares 0%
Common Stock, Shares, Issued 742,900,000 shares -3%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $720,700,000 USD 36%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $1,995,700,000 USD -20%
Deferred Tax Assets, Valuation Allowance $40,700,000 USD 23%
Deferred Tax Assets, Gross $1,543,300,000 USD 46%
Operating Lease, Liability $92,900,000 USD 12%
Depreciation $98,100,000 USD -2.8%
Payments to Acquire Property, Plant, and Equipment $66,500,000 USD -70%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $1,869,800,000 USD 22%
Lessee, Operating Lease, Liability, to be Paid $84,300,000 USD -2.4%
Property, Plant and Equipment, Gross $2,067,600,000 USD 23%
Operating Lease, Liability, Current $32,700,000 USD -2.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two $20,400,000 USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One $34,900,000 USD 5.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $5,200,000 USD -29%
Lessee, Operating Lease, Liability, to be Paid, Year Three $13,700,000 USD 19%
Unrecognized Tax Benefits $86,600,000 USD 20%
Lessee, Operating Lease, Liability, to be Paid, Year Four $11,000,000 USD 38%
Amortization of Intangible Assets $49,600,000 USD 193%
Depreciation, Depletion and Amortization $147,700,000 USD 29%
Deferred Tax Assets, Net of Valuation Allowance $1,502,600,000 USD 47%
Share-based Payment Arrangement, Expense $275,500,000 USD 6.9%
Interest Expense $20,900,000 USD 8.9%