FTNT— Fortinet, Inc.

Information TechnologyTechnology$120.5B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Total revenue	$6.80B+14.2%	$5.96B+12.3%	$5.30B+20.1%	$4.42B
Total cost of revenue	$1.33B+14.8%	$1.16B-6.4%	$1.24B+14.0%	$1.08B
Total gross profit	$5.47B+14.0%	$4.80B+18.0%	$4.07B+22.1%	$3.33B
Research and development	$815.5M+13.8%	$716.8M+16.8%	$613.8M+19.8%	$512.4M
Sales and marketing	$2.35B+14.8%	$2.04B+1.9%	$2.01B+19.0%	$1.69B
General and administrative	$233.4M-1.9%	$237.8M+12.5%	$211.3M+25.0%	$169.0M
Gain on intellectual property matters	-$10.4M-126.1%	-$4.6M+0.0%	-$4.6M+0.0%	-$4.6M
Total operating expenses	$3.39B+13.1%	$2.99B+6.0%	$2.83B+19.6%	$2.36B
OPERATING INCOME	$2.08B+15.6%	$1.80B+45.3%	$1.24B+28.0%	$969.6M
INTEREST INCOME	$162.3M+4.6%	$155.2M+29.7%	$119.7M+587.9%	$17.4M
INTEREST EXPENSE	-$20.1M-0.5%	-$20.0M+4.8%	-$21.0M-16.7%	-$18.0M
OTHER INCOME (EXPENSE)—NET	$55.3M-53.9%	$119.9M+2065.6%	-$6.1M+54.8%	-$13.5M
INCOME BEFORE INCOME TAXES AND GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS	$2.28B+10.9%	$2.06B+54.3%	$1.33B+39.6%	$955.5M
PROVISION FOR INCOME TAXES	$439.1M+54.7%	$283.9M+97.4%	$143.8M+366.9%	$30.8M
GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS	$10.3M+135.0%	-$29.4M+30.2%	-$42.1M+38.2%	-$68.1M
NET INCOME	$1.85B+6.2%	$1.75B+52.0%	$1.15B+33.9%	$857.3M
Basic (in dollars per share)	$2450000.00+7.5%	$2280000.00+55.1%	$1470000.00+36.1%	$1080000.00
Diluted (in dollars per share)	$2420000.00+7.1%	$2260000.00+54.8%	$1460000.00+37.7%	$1060000.00
Basic (in shares)	758.0M-0.8%	764.4M-1.8%	778.6M-1.6%	791.4M
Diluted (in shares)	764.6M-0.9%	771.9M-2.1%	788.2M-2.1%	805.3M
Product
Service

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.