Fortinet, Inc. financial data

Symbol
FTNT on Nasdaq
Location
909 Kifer Road, Sunnyvale, CA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 7, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 129 % +2.03%
Quick Ratio 8.23 % -25.1%
Debt-to-equity 543 % -89.7%
Return On Equity 120 % -88.3%
Return On Assets 18.7 % -2.96%
Operating Margin 31 % +9.69%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 744M shares -2.98%
Common Stock, Shares, Outstanding 743M shares -2.98%
Entity Public Float 31.5B USD -18.1%
Common Stock, Value, Issued 700K USD -12.5%
Weighted Average Number of Shares Outstanding, Basic 756M shares -1.24%
Weighted Average Number of Shares Outstanding, Diluted 761M shares -1.39%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.55B USD +14.8%
Research and Development Expense 802M USD +18.2%
Selling and Marketing Expense 2.24B USD +10.8%
General and Administrative Expense 231M USD -2.78%
Operating Income (Loss) 2.03B USD +25.9%
Income Tax Expense (Benefit) 381M USD +30.3%
Net Income (Loss) Attributable to Parent 1.87B USD +22.5%
Earnings Per Share, Basic 2 USD/shares +22%
Earnings Per Share, Diluted 2 USD/shares +22.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2B USD -19.8%
Accounts Receivable, after Allowance for Credit Loss, Current 1.17B USD +11.9%
Inventory, Net 427M USD +20.4%
Assets, Current 4.91B USD -5.88%
Deferred Income Tax Assets, Net 1.37B USD +5.18%
Property, Plant and Equipment, Net 1.61B USD +26.1%
Operating Lease, Right-of-Use Asset 72.2M USD -5%
Intangible Assets, Net (Excluding Goodwill) 110M USD -1.25%
Goodwill 258M USD +21.4%
Other Assets, Noncurrent 135M USD +0.9%
Assets 9.36B USD +5.75%
Accounts Payable, Current 221M USD +24.4%
Employee-related Liabilities, Current 274M USD +10.5%
Accrued Liabilities, Current 331M USD -12.2%
Contract with Customer, Liability, Current 3.46B USD +12.3%
Liabilities, Current 4.79B USD +23.2%
Contract with Customer, Liability, Noncurrent 3.19B USD +8.85%
Accrued Income Taxes, Noncurrent 61.8M USD -8.85%
Operating Lease, Liability, Noncurrent 46.4M USD +1.53%
Other Liabilities, Noncurrent 154M USD +13.3%
Liabilities 8.63B USD +8.59%
Accumulated Other Comprehensive Income (Loss), Net of Tax -21.8M USD -21.1%
Retained Earnings (Accumulated Deficit) -959M USD -49%
Stockholders' Equity Attributable to Parent 735M USD -19.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 735M USD -19.1%
Liabilities and Equity 9.36B USD +5.75%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 863M USD +3.96%
Net Cash Provided by (Used in) Financing Activities -32.7M USD -7.92%
Net Cash Provided by (Used in) Investing Activities -111M USD +59%
Common Stock, Shares Authorized 1.5B shares 0%
Common Stock, Shares, Issued 743M shares -2.98%
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 721M USD +36.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2B USD -19.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 8M USD 0%
Deferred Tax Assets, Valuation Allowance 40.7M USD +22.6%
Deferred Tax Assets, Gross 1.54B USD +46.1%
Operating Lease, Liability 92.9M USD +11.8%
Depreciation 98.1M USD -2.78%
Payments to Acquire Property, Plant, and Equipment 66.5M USD -70%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.87B USD +21.7%
Lessee, Operating Lease, Liability, to be Paid 84.3M USD -2.43%
Property, Plant and Equipment, Gross 2.07B USD +22.6%
Operating Lease, Liability, Current 32.7M USD -2.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 20.4M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One 34.9M USD +5.76%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5.2M USD -28.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 13.7M USD +19.1%
Deferred Tax Assets, Operating Loss Carryforwards 19.2M USD -9.43%
Unrecognized Tax Benefits 86.6M USD +19.8%
Lessee, Operating Lease, Liability, to be Paid, Year Four 11M USD +37.5%
Amortization of Intangible Assets 49.6M USD +193%
Depreciation, Depletion and Amortization 148M USD +28.9%
Deferred Tax Assets, Net of Valuation Allowance 1.5B USD +46.9%
Share-based Payment Arrangement, Expense 276M USD +6.91%
Interest Expense 20.9M USD +8.85%