Fortinet Inc (0IR9.L)

Name: Fortinet Inc Financial Statements
Creator: Quarter Results

Technology | Software Services

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$1.9B

Net Income

$506M

Operating Margin

32.8%

Free Cash Flow

$2.2B

Debt / Assets

88.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Fortinet Inc (0IR9.L).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	1,905,000,000	1,724,900,000	1,630,000,000	1,539,700,000
Cost of Revenue	389,200,000	318,600,000	301,700,000	293,100,000
Gross Profit	1,515,800,000	1,406,300,000	1,328,300,000	1,246,600,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	686,600,000	644,900,000	648,900,000	600,500,000
Operating Expenses	891,600,000	860,400,000	871,600,000	792,800,000
Operating Income	625,600,000	545,900,000	456,700,000	453,800,000
Interest Expense	4,400,000	6,200,000	4,600,000	4,900,000
Income Before Tax	650,800,000	594,600,000	517,199,999	529,900,000
Income Tax Expense	144,800,000	120,700,000	77,100,000	96,500,000
Net Income	506,000,000	473,900,000	440,100,000	433,400,000
Per Share
EPS	0.68	0.63	0.57	0.56
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Fortinet Inc (0IR9.L).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	6,799,600,000	5,955,800,000	5,304,800,000	4,417,400,000
Cost of Revenue	1,302,600,000	1,157,600,000	1,237,200,000	1,108,200,000
Gross Profit	5,497,000,000	4,798,200,000	4,067,600,000	3,309,200,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,580,900,000	2,282,600,000	2,217,300,000	1,831,800,000
Operating Expenses	3,416,400,000	2,994,800,000	2,826,500,000	2,344,200,000
Operating Income	2,082,000,000	1,803,400,000	1,241,100,000	965,000,000
Interest Expense	20,100,000	20,000,000	21,000,000	18,000,000
Income Before Tax	2,292,499,999	2,029,100,000	1,333,700,000	955,500,000
Income Tax Expense	439,100,000	283,900,000	143,800,000	30,800,000
Net Income	1,853,400,000	1,745,200,000	1,147,800,000	857,300,000
Per Share
EPS	2.44	2.28	1.47	1.06
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Fortinet Inc (0IR9.L).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	2,495,300,000	2,875,900,000	1,397,900,000	1,682,900,000
Short Term Investments	1,087,200,000	1,190,600,000	1,042,500,000	528,100,000
Net Receivables	1,691,200,000	1,463,400,000	1,402,000,000	1,261,700,000
Inventory	399,500,000	315,500,000	484,800,000	264,600,000
Total Current Assets	5,900,200,000	5,971,500,000	4,428,300,000	3,810,400,000
Property Plant Equipment	1,619,000,000	1,349,500,000	1,120,400,000	994,800,000
Goodwill and Intangibles	354,700,000	350,400,000	161,800,000	184,000,000
Total Assets	10,389,200,000	9,763,100,000	7,258,900,000	6,228,000,000
Liabilities
Account Payables	230,800,000	190,900,000	204,300,000	243,400,000
Short Term Debt	499,700,000	0	33,400,000	33,200,000
Total Current Liabilities	5,034,000,000	4,060,700,000	3,719,000,000	3,078,400,000
Long Term Debt	496,600,000	994,300,000	1,038,000,000	990,400,000
Total Liabilities	9,151,700,000	8,269,300,000	7,722,300,000	6,509,600,000
Shareholders Equity
Retained Earnings	-507,900,000	-117,100,000	-1,861,700,000	-1,546,400,000
Total Shareholders Equity	1,237,500,000	1,493,800,000	-463,400,000	-281,600,000

Balance sheet annual history for Fortinet Inc (0IR9.L).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	2,495,300,000	2,875,900,000	1,397,900,000	1,682,900,000
Short Term Investments	1,087,200,000	1,190,600,000	1,042,500,000	528,100,000
Net Receivables	1,691,200,000	1,463,400,000	1,402,000,000	1,261,700,000
Inventory	399,500,000	315,500,000	484,800,000	264,600,000
Total Current Assets	5,900,200,000	5,971,500,000	4,428,300,000	3,810,400,000
Property Plant Equipment	1,619,000,000	1,349,500,000	1,120,400,000	994,800,000
Goodwill and Intangibles	354,700,000	350,400,000	161,800,000	184,000,000
Total Assets	10,389,200,000	9,763,100,000	7,258,900,000	6,228,000,000
Liabilities
Account Payables	230,800,000	190,900,000	204,300,000	243,400,000
Short Term Debt	499,700,000	0	33,400,000	33,200,000
Total Current Liabilities	5,034,000,000	4,060,700,000	3,719,000,000	3,078,400,000
Long Term Debt	496,600,000	994,300,000	1,038,000,000	990,400,000
Total Liabilities	9,151,700,000	8,269,300,000	7,722,300,000	6,509,600,000
Shareholders Equity
Retained Earnings	-507,900,000	-117,100,000	-1,861,700,000	-1,546,400,000
Total Shareholders Equity	1,237,500,000	1,493,800,000	-463,400,000	-281,600,000

Cash flow quarterly history for Fortinet Inc (0IR9.L).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	1,853,400,000	1,745,200,000	1,147,800,000	857,300,000
Depreciation & Amortization	336,300,000	122,800,000	113,400,000	104,300,000
Stock Based Compensation	279,500,000	257,900,000	249,000,000	219,800,000
Change in Working Capital	-10,400,000	-20,600,000	126,100,000	459,400,000
Operating Cash Flow	2,590,600,000	2,258,100,000	1,935,500,000	1,730,600,000
Investing Activities
Capital Expenditure	-364,800,000	-378,900,000	-204,100,000	-281,200,000
Investments	-364,800,000	-378,900,000	-204,100,000	-281,200,000
Investing Cash Flow	-599,100,000	-727,400,000	-649,300,000	763,900,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	-2,245,100,000	62,500,000	-1,456,700,000	-1,965,100,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-2,371,500,000	-50,100,000	-1,570,400,000	-2,130,300,000
Summary
Free Cash Flow	2,225,800,000	1,879,200,000	1,731,400,000	1,449,400,000
Net Change in Cash	-380,600,000	1,478,000,000	-285,000,000	363,800,000

Cash flow annual history for Fortinet Inc (0IR9.L).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	1,853,400,000	1,745,200,000	1,147,800,000	857,300,000
Depreciation & Amortization	336,300,000	122,800,000	113,400,000	104,300,000
Stock Based Compensation	279,500,000	257,900,000	249,000,000	219,800,000
Change in Working Capital	-10,400,000	-20,600,000	126,100,000	459,400,000
Operating Cash Flow	2,590,600,000	2,258,100,000	1,935,500,000	1,730,600,000
Investing Activities
Capital Expenditure	-364,800,000	-378,900,000	-204,100,000	-281,200,000
Investments	-364,800,000	-378,900,000	-204,100,000	-281,200,000
Investing Cash Flow	-599,100,000	-727,400,000	-649,300,000	763,900,000
Financing Activities
Debt Repayment	0	0	0	0
Common Stock Issued/Repurchased	-2,245,100,000	62,500,000	-1,456,700,000	-1,965,100,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-2,371,500,000	-50,100,000	-1,570,400,000	-2,130,300,000
Summary
Free Cash Flow	2,225,800,000	1,879,200,000	1,731,400,000	1,449,400,000
Net Change in Cash	-380,600,000	1,478,000,000	-285,000,000	363,800,000