Fortinet, Inc. (FTNT) - Quarterly Income Statement

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FTNT
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75.66 (USD) • At close September 19, 2024

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2009 Q1	2008 Q4	2008 Q3
Revenue Numbers are in millions	1,434.3	1,353.3	1,415.1	1,334.6	1,292.8	1,262.3	1,283	1,149.5	1,030.1	954.8	963.6	867.2	801.1	710.3	748	651.1	615.5	576.9	614.4	547.5	521.7	472.6	507	453.9	441.3	399	416.668	374.217	363.469	340.576	362.83	316.646	311.391	284.576	296.529	260.068	239.785	212.886	223.969	193.348	184.098	168.949	177.35	154.699	147.428	135.82	151.162	136.268	128.962	117.247	120.861	116.426	103.023	93.266	93.599	84.971	76.331	69.795	70.712	65.864	61.345	54.194	59.066	54.414
Cost of Revenue Numbers are in millions	275	304.7	315.9	317.7	295.8	307.8	297.3	283	250.8	253.8	228.3	211.2	186.9	156.6	167	139.2	135.1	128.7	140.5	124.1	128.3	113	128.5	111.6	113.1	97.2	105.419	93.649	95.652	90.564	90.891	84.799	84.503	77.749	81.976	71.701	69.498	63.602	65.624	56.885	57.757	50.743	53.877	43.93	43.708	39.128	41.442	37.808	37.127	31.043	32.485	31.139	26.558	23.416	24.223	21.443	20.165	19.375	20.909	17.433	16.979	14.654	17.854	15.84
Gross Profit Numbers are in millions	1,159.3	1,048.6	1,099.2	1,016.9	997	954.5	985.7	866.5	779.3	701	735.3	656	614.2	553.7	581	511.9	480.4	448.2	473.9	423.4	393.4	359.6	378.5	342.3	328.2	301.8	311.249	280.568	267.817	250.012	271.939	231.847	226.888	206.827	214.553	188.367	170.287	149.284	158.345	136.463	126.341	118.206	123.473	110.769	103.72	96.692	109.72	98.46	91.835	86.204	88.376	85.287	76.465	69.85	69.376	63.528	56.166	50.42	49.803	48.431	44.366	39.54	41.212	38.574
Gross Profit Ratio Numbers are in millions	0.808	0.775	0.777	0.762	0.771	0.756	0.768	0.754	0.757	0.734	0.763	0.756	0.767	0.78	0.777	0.786	0.781	0.777	0.771	0.773	0.754	0.761	0.747	0.754	0.744	0.756	0.747	0.75	0.737	0.734	0.749	0.732	0.729	0.727	0.724	0.724	0.71	0.701	0.707	0.706	0.686	0.7	0.696	0.716	0.704	0.712	0.726	0.723	0.712	0.735	0.731	0.733	0.742	0.749	0.741	0.748	0.736	0.722	0.704	0.735	0.723	0.73	0.698	0.709
Reseach & Development Expenses Numbers are in millions	165.4	173	152.5	156.9	153.3	151.1	128.9	134.3	124.3	124.9	112.6	107.8	106.6	97.2	89	90	82.1	80.3	71.2	69.9	67.4	68.6	65.5	58.7	61.2	59.1	54.774	53.486	51.159	51.195	45.589	47.239	45.502	44.966	42.814	42.11	37.389	35.816	33.097	30.79	29.938	29.055	27.747	26.421	25.158	23.334	20.525	20.498	20.388	19.667	16.38	16.834	15.942	14.421	12.802	12.389	12.676	11.934	10.988	10.797	10.534	9.876	8.849	9.957
General & Administrative Expenses Numbers are in millions	56.6	54.4	54.9	53.5	49.9	52.8	44.3	40.7	45.4	38.6	41.3	35.8	34.4	32	32.4	29.4	28.9	28.8	27.2	26.1	24.3	24.5	22	22.5	23.5	25	22.349	21.025	21.911	22.577	17.451	22.006	22.184	19.802	20.315	21.22	18.018	11.961	12.104	9.789	10.444	9.01	8.752	9.382	8.788	7.991	6.038	7.449	6.238	5.786	5.492	5.359	5.848	5.266	5.395	5.993	5.933	5.059	4.642	4.49	4.516	4.672	4.273	3.963
Selling & Marketing Expenses Numbers are in millions	501.3	501.1	507.4	504.4	515.9	478.3	455.9	427.1	415.5	387.6	367.7	347.1	326.9	304	291.4	266.7	253.8	260	257.1	227.4	226.5	215.9	205.9	198.3	192.8	185.3	191.928	172.361	166.337	170.4	162.873	154.831	162.694	147.403	136.84	120.994	111.928	100.609	93.228	80.433	74.817	67.326	62.331	56.687	55.997	49.976	48.117	44.743	44.259	42.036	39.984	36.934	35.896	32.718	30.481	26.987	27.777	26.723	26.719	23.468	24.341	21.763	21.817	21.434
SG&A Numbers are in millions	557.9	555.5	562.5	557.9	565.8	531.1	500.2	467.8	460.9	426.2	409	382.9	361.3	336	323.8	296.1	282.7	288.8	284.3	253.5	250.8	240.4	227.9	220.8	216.3	210.3	214.277	193.386	188.248	192.977	180.324	176.837	184.878	167.205	157.155	142.214	129.946	112.57	105.332	90.222	85.261	76.336	71.083	66.069	64.785	57.967	54.155	52.192	50.497	47.822	45.476	42.293	41.744	37.984	35.876	32.98	33.71	31.782	31.361	27.958	28.857	26.435	26.09	25.397
Other Expenses Numbers are in millions	-2.2	-2.9	-5.3	-5.9	-6.2	3.2	7	0.2	-8.1	-8	-2.9	-5.2	2	-0.9	1.5	0.1	2	28.8	-0.6	-6	-0.4	-0.5	-2.3	0.9	-5	-0.2	-1.181	0.344	1.243	0.302	-3.65	-0.787	-1.35	-1.312	-1.007	-0.653	-0.83	-0.677	-1.2	-1.005	-0.574	-0.389	-0.419	-1.151	-0.1	0.215	-0.17	-0.317	0.073	-0.071	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Expenses Numbers are in millions	723.3	728.5	715	714.8	718	682.2	629.1	602.1	585.2	551.1	521.6	490.7	467.9	433.2	412.8	386.1	364.8	369.1	355.5	323.4	318.2	309	293.4	279.5	277.5	269.4	269.051	246.872	239.407	244.172	225.913	224.076	230.38	212.171	199.969	184.324	167.335	148.386	138.429	121.012	115.199	105.391	98.83	92.49	89.943	81.301	74.68	72.69	70.885	67.489	61.856	59.127	57.686	52.405	48.678	45.369	46.386	43.716	42.349	38.755	39.391	36.311	34.939	35.354
Operating Income Numbers are in millions	436	320.1	385.4	303.2	279	273.5	357.8	265.5	195.3	151	214.9	166.4	147.5	121.6	169.4	126.9	116.7	115.9	118.4	100	75.2	50.6	85.1	62.8	50.7	32.4	42.198	33.696	28.5	5.41	45.193	5.488	-4.045	-5.672	12.867	-1.84	2.952	0.898	19.916	15.451	11.142	12.815	24.643	18.279	13.777	15.391	35.04	25.77	20.95	18.715	26.52	26.16	18.779	17.445	20.698	18.159	9.78	6.704	7.454	9.676	4.975	3.229	6.273	3.22
Operating Income Ratio Numbers are in millions	0.304	0.237	0.272	0.227	0.216	0.217	0.279	0.231	0.19	0.158	0.223	0.192	0.184	0.171	0.226	0.195	0.19	0.201	0.193	0.183	0.144	0.107	0.168	0.138	0.115	0.081	0.101	0.09	0.078	0.016	0.125	0.017	-0.013	-0.02	0.043	-0.007	0.012	0.004	0.089	0.08	0.061	0.076	0.139	0.118	0.093	0.113	0.232	0.189	0.162	0.16	0.219	0.225	0.182	0.187	0.221	0.214	0.128	0.096	0.105	0.147	0.081	0.06	0.106	0.059
Total Other Income Expenses Net Numbers are in millions	32.3	25.3	30.2	-5.9	-6.2	17.6	10.4	-0.8	-11.4	-12.3	-2.9	-5.2	2	-0.9	1.5	0.1	2	28.8	-0.6	-6	-0.4	-0.5	-2.3	0.9	-5	-0.2	-1.181	0.344	1.333	-0.128	-4.483	-3.07	-1.903	-1.64	-2.724	-6.536	-0.83	-0.677	-1.2	-1.005	-0.574	-0.389	-0.419	-1.151	-0.1	0.215	-0.17	-0.317	0.073	-0.071	-0.112	0.06	-0.207	-0.095	-0.25	-0.402	0.087	-0.25	0.05	-0.064	-0.282	0.494	1.539	0.875
Income Before Tax Numbers are in millions	468.3	345.4	415.6	327.8	299.2	291.1	368.2	264.7	183.9	138.7	207.3	156.7	145	119.4	171.7	128.4	121.6	117.1	127.7	105.4	85.8	60.3	92.1	70.6	51.5	36.7	45.078	37.906	32.906	8.104	43.507	6.589	-3.69	-5.238	13.036	-1.16	3.486	1.643	20.118	15.785	11.887	13.759	25.542	18.41	15.014	16.975	36.27	26.771	22.226	19.729	27.371	27.124	19.435	18.143	21.082	18.271	10.266	6.722	7.808	10.04	5.228	4.437	8.554	4.69
Income Before Tax Ratio Numbers are in millions	0.327	0.255	0.294	0.246	0.231	0.231	0.287	0.23	0.179	0.145	0.215	0.181	0.181	0.168	0.23	0.197	0.198	0.203	0.208	0.193	0.164	0.128	0.182	0.156	0.117	0.092	0.108	0.101	0.091	0.024	0.12	0.021	-0.012	-0.018	0.044	-0.004	0.015	0.008	0.09	0.082	0.065	0.081	0.144	0.119	0.102	0.125	0.24	0.196	0.172	0.168	0.226	0.233	0.189	0.195	0.225	0.215	0.134	0.096	0.11	0.152	0.085	0.082	0.145	0.086
Income Tax Expense Numbers are in millions	76.5	39.5	95.2	-0.3	27.6	21.3	9.2	27.3	2.4	-8.1	3.7	-9.3	7.5	12.2	25	5	9.5	13.1	12.5	25.6	13.1	1.5	-90.5	11.9	2.2	-4.9	74.039	11.296	9.873	-2.613	18.341	0.298	-2.302	-1.809	15.57	-9.329	2.694	0.083	13.305	11.729	5.806	5.366	13.526	7.381	6.035	4.726	14.763	9.565	8.276	5.556	10.877	9.207	4.941	4.556	4.941	4.254	3.397	2.504	-36.132	2.151	0.652	0.663	0.611	0.183
Net Income Numbers are in millions	379.8	299.3	310.9	322.9	266.3	247.7	313.8	231.6	173.5	138.4	199	163.1	137.5	107.2	146.7	123.4	113.8	104.6	115.2	80.2	72.7	58.8	182.6	58.7	49.3	41.6	-28.961	26.7	23	10.7	25.166	6.291	-1.388	-3.429	-2.534	8.169	0.792	1.56	6.813	4.056	6.081	8.393	12.016	11.029	8.979	12.249	21.507	17.206	13.95	14.173	16.494	17.917	14.494	13.587	16.141	14.017	6.869	4.218	43.94	7.889	4.576	3.774	7.943	4.507
Net Income Ratio Numbers are in millions	0.265	0.221	0.22	0.242	0.206	0.196	0.245	0.201	0.168	0.145	0.207	0.188	0.172	0.151	0.196	0.19	0.185	0.181	0.188	0.146	0.139	0.124	0.36	0.129	0.112	0.104	-0.07	0.071	0.063	0.031	0.069	0.02	-0.004	-0.012	-0.009	0.031	0.003	0.007	0.03	0.021	0.033	0.05	0.068	0.071	0.061	0.09	0.142	0.126	0.108	0.121	0.136	0.154	0.141	0.146	0.172	0.165	0.09	0.06	0.621	0.12	0.075	0.07	0.134	0.083
EPS Numbers are in millions	0.5	0.39	0.41	0.41	0.34	0.32	0.4	0.29	0.22	0.17	0.24	0.2	0.17	0.13	0.18	0.15	0.14	0.12	0.13	0.094	0.084	0.07	0.21	0.07	0.058	0.05	-0.034	0.03	0.026	0.012	0.029	0.008	-0.002	-0.004	-0.003	0.01	0.001	0.002	0.008	0.004	0.008	0.01	0.014	0.014	0.012	0.016	0.026	0.022	0.018	0.018	0.021	0.024	0.02	0.018	0.021	0.02	0.01	0.006	0.065	0.011	0.022	-0.007	0.038	0.022
EPS Diluted Numbers are in millions	0.49	0.39	0.4	0.41	0.33	0.31	0.4	0.29	0.21	0.17	0.24	0.19	0.16	0.13	0.18	0.15	0.14	0.12	0.13	0.092	0.084	0.068	0.21	0.066	0.056	0.048	-0.034	0.03	0.026	0.012	0.028	0.008	-0.002	-0.004	-0.003	0.01	0.001	0.002	0.008	0.004	0.008	0.01	0.014	0.014	0.01	0.014	0.026	0.02	0.016	0.018	0.02	0.022	0.018	0.017	0.02	0.018	0.009	0.006	0.059	0.01	0.007	-0.007	0.038	0.022
EBITDA Numbers are in millions	465.2	348.7	385.4	361.5	331.8	323.6	400	295.6	213.5	168.7	237.1	184.2	168.4	137.8	184.9	125.8	133.4	96.7	118.4	115	90.4	50.6	99.8	77	64.3	45.6	56.466	47.412	42.319	19.763	60.483	23.109	8.352	5.534	25.684	18.75	9.981	7.251	25.425	21.056	17.634	17.237	28.755	22.468	18.001	18.489	38.528	29.086	23.872	20.868	28.507	27.878	20.644	19.218	22.411	19.952	11.16	8.329	9.017	11.215	6.751	4.088	7.201	3.56
EBITDA Ratio Numbers are in millions	0.324	0.258	0.272	0.271	0.257	0.256	0.312	0.257	0.207	0.177	0.246	0.212	0.21	0.194	0.247	0.193	0.217	0.168	0.193	0.21	0.173	0.107	0.197	0.17	0.146	0.114	0.136	0.127	0.116	0.058	0.167	0.073	0.027	0.019	0.087	0.072	0.042	0.034	0.114	0.109	0.096	0.102	0.162	0.145	0.122	0.136	0.255	0.213	0.185	0.178	0.236	0.239	0.2	0.206	0.239	0.235	0.146	0.119	0.128	0.17	0.11	0.075	0.122	0.065

Fortinet, Inc.

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