About Fortinet, Inc.
https://www.fortinet.comFortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
CEO
Ken Xie
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2022-06-23 | Forward | 5:1 |
| 2011-06-02 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 845
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Truist Securities
Buy
Goldman Sachs
Buy
Wedbush
Outperform
Scotiabank
Sector Outperform
Keybanc
Sector Weight
Barclays
Equal Weight
Grade Summary
Showing Top 6 of 27
Price Target
Institutional Ownership
VANGUARD GROUP INC
Shares:75.58M
Value:$5.77B
BLACKROCK, INC.
Shares:62.13M
Value:$4.75B
BLACKROCK INC.
Shares:55.24M
Value:$4.22B
Summary
Showing Top 3 of 1,578
About Fortinet, Inc.
https://www.fortinet.comFortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $1.72B ▲ | $860.4M ▼ | $473.9M ▲ | 27.47% ▲ | $0.63 ▲ | $600.8M ▲ |
| Q2-2025 | $1.63B ▲ | $871.6M ▲ | $440.1M ▲ | 27% ▼ | $0.57 ▲ | $560.2M ▲ |
| Q1-2025 | $1.54B ▼ | $792.8M ▲ | $433.4M ▼ | 28.15% ▼ | $0.56 ▼ | $560M ▼ |
| Q4-2024 | $1.66B ▲ | $771.5M ▼ | $526.2M ▼ | 31.7% ▼ | $0.69 ▼ | $658.5M ▼ |
| Q3-2024 | $1.51B | $773.8M | $539.9M | 35.8% | $0.71 | $661.2M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $3.12B ▼ | $9.36B ▼ | $8.63B ▲ | $735.1M ▼ |
| Q2-2025 | $4.56B ▼ | $10.64B ▲ | $8.58B ▲ | $2.06B ▲ |
| Q1-2025 | $4.78B ▲ | $10.41B ▲ | $8.44B ▲ | $1.96B ▲ |
| Q4-2024 | $4.07B ▲ | $9.76B ▲ | $8.27B ▲ | $1.49B ▲ |
| Q3-2024 | $3.7B | $8.85B | $7.94B | $908.1M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $473.9M ▲ | $655.2M ▲ | $-175.8M ▲ | $-1.85B ▼ | $-1.37B ▼ | $567.5M ▲ |
| Q2-2025 | $440.1M ▲ | $451.9M ▼ | $-266.2M ▼ | $-414.2M ▼ | $-228.1M ▼ | $284.1M ▼ |
| Q1-2025 | $433.4M ▼ | $863.3M ▲ | $-110.8M ▼ | $-32.7M ▼ | $720.7M ▲ | $796.8M ▲ |
| Q4-2024 | $526.2M ▼ | $477.6M ▼ | $-79.9M ▲ | $-8.8M ▼ | $386.6M ▲ | $380M ▼ |
| Q3-2024 | $539.9M | $608.1M | $-327.1M | $3M | $286.1M | $571.8M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
 Product | $570.00M ▲ | $460.00M ▼ | $510.00M ▲ | $560.00M ▲ |
 Security Subscription | $630.00M ▲ | $620.00M ▼ | $640.00M ▲ | $670.00M ▲ |
 Service | $0 ▲ | $0 ▲ | $1.12Bn ▲ | $1.17Bn ▲ |
 Technical Support and Other | $460.00M ▲ | $460.00M ▲ | $480.00M ▲ | $490.00M ▲ |
Revenue by Geography
| Region | Q4-2024 | Q2-2025 | Q1-2025 | Q3-2025 |
|---|---|---|---|---|
 Americas | $670.00M ▲ | $660.00M ▼ | $630.00M ▼ | $680.00M ▲ |
 Asia Pacific And Japan | $300.00M ▲ | $300.00M ▲ | $280.00M ▼ | $330.00M ▲ |
 Europe Middle East And Africa | $690.00M ▲ | $670.00M ▼ | $630.00M ▼ | $710.00M ▲ |
CEO
Ken Xie
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2022-06-23 | Forward | 5:1 |
| 2011-06-02 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 845
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades
Truist Securities
Buy
Goldman Sachs
Buy
Wedbush
Outperform
Scotiabank
Sector Outperform
Keybanc
Sector Weight
Barclays
Equal Weight
Grade Summary
Showing Top 6 of 27
Price Target
Institutional Ownership
VANGUARD GROUP INC
Shares:75.58M
Value:$5.77B
BLACKROCK, INC.
Shares:62.13M
Value:$4.75B
BLACKROCK INC.
Shares:55.24M
Value:$4.22B
Summary
Showing Top 3 of 1,578