Fortinet, Inc.

FTNT · NASDAQ
Analyze with AI
9/30/2025
6/30/2025
3/31/2025
12/31/2024
Revenue$1,725$1,630$1,540$1,660
% Growth5.8%5.9%-7.3%
Cost of Goods Sold$319$302$293$315
Gross Profit$1,406$1,328$1,247$1,346
% Margin81.5%81.5%81%81.1%
R&D Expenses$202$210$199$191
G&A Expenses$61$57$58$55
SG&A Expenses$645$649$601$582
Sales & Mktg Exp.$584$592$543$527
Other Operating Expenses$13$13-$6-$1
Operating Expenses$860$872$793$772
Operating Income$546$457$454$574
% Margin31.6%28%29.5%34.6%
Other Income/Exp. Net$49$60$76$39
Pre-Tax Income$595$517$530$613
Tax Expense$121$77$97$87
Net Income$474$440$433$526
% Margin27.5%27%28.1%31.7%
EPS0.630.570.560.69
% Growth10.5%1.8%-18.8%
EPS Diluted0.620.570.560.68
Weighted Avg Shares Out763767768767
Weighted Avg Shares Out Dil770775777775
Supplemental Information
Interest Income$41$45$44$42
Interest Expense$6$5$5$5
Depreciation & Amortization$0$38$36$35
EBITDA$601$560$560$659
% Margin34.8%34.4%36.4%39.7%