FY2025 · ended Dec 31, 2025 · Revenue $6.80B, +14.2% YoY · Filed Feb 25, 2026
Fortinet, Inc. (FTNT) files with the SEC under industry code 3577, Computer Peripheral Equipment, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $6.8 billion and net income of $1.9 billion. Free cash flow was $2.2 billion. As of Sep 30, 2026 it held $4.3 billion in cash and investments and $560.5 million in total debt.
Revenue (TTM)
$7.88B
+20.2% vs year-ago TTM
Net income (TTM)
$2.28B
+21.8% vs year-ago TTM
Operating cash flow (TTM)
$3.69B
+50.6% vs year-ago TTM
Free cash flow (TTM)
$3.43B
+69.2% vs year-ago TTM
EPS (TTM)
$3.07
+26.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
739.92M
-3.8% vs prior year
Net cash
$3.71B
as of Sep 30, 2026
Operating margin
33.0%
FY 2026
Company profile
- Industry
- Computer Peripheral Equipment, NEC (SIC 3577)
- Listed as
- FTNT (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Sunnyvale, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1262039
- Former names
- FORTINET INC (until May 8, 2019)
Other Computer Peripheral Equipment, NEC companies
- Palo Alto Networks Inc PANW
- Logitech International S.A. LOGI
- Corsair Gaming, Inc. CRSR
- Evolv Technologies Holdings, Inc. EVLV
- Mitek Systems Inc MITK
- Stratasys Ltd. SSYS
- Immersion Corp IMMR
- Radcom Ltd RDCM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.0B | $5.3B | $4.4B | $3.3B |
| Operating income | $2.1B | $1.8B | $1.2B | $969.6M | $650.4M |
| Net income | $1.9B | $1.7B | $1.1B | $857.3M | $606.8M |
| Diluted EPS | $2.42 | $2.26 | $1.46 | $1.06 | $0.73 |
| Operating cash flow | $2.6B | $2.3B | $1.9B | $1.7B | $1.5B |
| Free cash flow | $2.2B | $1.9B | $1.7B | $1.4B | $1.2B |
| Total assets | $10.4B | $9.8B | $7.3B | $6.2B | $5.9B |
| Total liabilities | $9.2B | $8.3B | $7.7B | $6.5B | $5.1B |
| Stockholders' equity | $1.2B | $1.5B | -$463.4M | -$281.6M | $781.7M |
| Cash and investments | $2.8B | $4.0B | $1.4B | $1.7B | $1.8B |
| Total debt | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 30, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 28, 2026 | Oct 28, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 29, 2026 | Jul 29, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 16, 2026 | Jun 12, 2026 |
| 10-Q | Quarterly report | May 8, 2026 | Mar 31, 2026 |
All 1003 Fortinet, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.