Fortinet, Inc. financial data

Symbol
FTNT on Nasdaq
Location
Sunnyvale, CA
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 25 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 122% % -8.6%
Quick Ratio 8.2% % -15%
Debt-to-equity 580% % -53%
Return On Equity 120% % -88%
Return On Assets 18% % -11%
Operating Margin 31% % 1.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 739,923,583 shares -3.3%
Common Stock, Shares, Outstanding 743,000,000 shares -3.1%
Entity Public Float $56,846,175,983 USD 80%
Common Stock, Value, Issued $700,000 USD -12%
Weighted Average Number of Shares Outstanding, Basic 758,000,000 shares -0.84%
Weighted Average Number of Shares Outstanding, Diluted 764,600,000 shares -0.95%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $6,799,600,000 USD 14%
Research and Development Expense $815,500,000 USD 14%
Selling and Marketing Expense $2,347,500,000 USD 15%
General and Administrative Expense $233,400,000 USD -1.8%
Operating Income (Loss) $2,084,700,000 USD 16%
Income Tax Expense (Benefit) $439,100,000 USD 55%
Net Income (Loss) Attributable to Parent $1,853,400,000 USD 6.2%
Earnings Per Share, Basic 2.45 USD/shares 7.5%
Earnings Per Share, Diluted 2.42 USD/shares 7.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $2,495,300,000 USD -13%
Accounts Receivable, after Allowance for Credit Loss, Current $1,691,200,000 USD 16%
Inventory, Net $399,500,000 USD 27%
Assets, Current $5,900,200,000 USD -1.2%
Deferred Income Tax Assets, Net $1,314,900,000 USD -1.6%
Property, Plant and Equipment, Net $1,619,000,000 USD 20%
Operating Lease, Right-of-Use Asset $64,400,000 USD -11%
Intangible Assets, Net (Excluding Goodwill) $97,300,000 USD -15%
Goodwill $257,400,000 USD 9.3%
Other Assets, Noncurrent $125,200,000 USD -6%
Assets $10,389,200,000 USD 6.4%
Accounts Payable, Current $230,800,000 USD 21%
Employee-related Liabilities, Current $312,900,000 USD 22%
Accrued Liabilities, Current $354,600,000 USD 4.9%
Contract with Customer, Liability, Current $3,460,500,000 USD 12%
Liabilities, Current $5,034,000,000 USD 24%
Contract with Customer, Liability, Noncurrent $3,189,900,000 USD 8.9%
Operating Lease, Liability, Noncurrent $29,400,000 USD -37%
Other Liabilities, Noncurrent $141,300,000 USD 9%
Liabilities $9,151,700,000 USD 11%
Accumulated Other Comprehensive Income (Loss), Net of Tax $25,400,000 USD 2.7%
Retained Earnings (Accumulated Deficit) $507,900,000 USD -334%
Stockholders' Equity Attributable to Parent $1,237,500,000 USD -17%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $735,100,000 USD -19%
Liabilities and Equity $10,389,200,000 USD 6.4%

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 743,000,000 shares -3.1%
Common Stock, Par or Stated Value Per Share 0.001 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 $2,495,300,000 USD -13%
Deferred Tax Assets, Valuation Allowance $71,800,000 USD 76%
Deferred Tax Assets, Gross $1,570,500,000 USD 1.8%
Operating Lease, Liability $65,500,000 USD -17%
Depreciation $101,300,000 USD 1.6%
Payments to Acquire Property, Plant, and Equipment $66,500,000 USD -70%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $1,854,100,000 USD 6.7%
Lessee, Operating Lease, Liability, to be Paid $68,100,000 USD -19%
Property, Plant and Equipment, Gross $2,100,900,000 USD 19%
Operating Lease, Liability, Current $36,100,000 USD 10%
Lessee, Operating Lease, Liability, to be Paid, Year Two $21,300,000 USD 4.4%
Lessee, Operating Lease, Liability, to be Paid, Year One $37,600,000 USD 7.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.041 pure -2.4%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $2,600,000 USD -50%
Lessee, Operating Lease, Liability, to be Paid, Year Three $7,900,000 USD -42%
Unrecognized Tax Benefits $90,400,000 USD 19%
Lessee, Operating Lease, Liability, to be Paid, Year Four $1,200,000 USD -89%
Amortization of Intangible Assets $50,700,000 USD 119%
Depreciation, Depletion and Amortization $152,000,000 USD 24%
Deferred Tax Assets, Net of Valuation Allowance $1,498,700,000 USD -0.26%
Share-based Payment Arrangement, Expense $282,100,000 USD 8.4%
Interest Expense $20,900,000 USD 8.9%