Fortinet financials
$175.96−0.21%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | $1.85B | $1.91B | $1.72B | $1.63B | $1.54B | $1.66B | $1.51B | $1.43B | $1.35B | $1.42B | $1.33B |
| Gross profit | $1.64B | $1.49B | $1.52B | $1.39B | $1.32B | $1.25B | $1.35B | $1.24B | $1.16B | $1.05B | $1.10B | $1.02B |
| Gross margin | 80.2% | 80.3% | 79.6% | 80.8% | 80.7% | 81.0% | 81.1% | 82.5% | 80.8% | 77.5% | 77.7% | 76.2% |
| Operating income | $688.0M | $578.6M | $615.2M | $547.3M | $456.7M | $447.5M | $569.5M | $470.9M | $437.2M | $320.1M | $385.4M | $303.2M |
| Net income | $606.3M | $534.5M | $506.0M | $473.9M | $440.1M | $433.4M | $526.2M | $539.9M | $379.8M | $299.3M | $310.9M | $322.9M |
| Net margin | 29.6% | 28.9% | 26.6% | 27.5% | 27.0% | 28.1% | 31.7% | 35.8% | 26.5% | 22.1% | 22.0% | 24.2% |
| Diluted EPS | $0.82 | $0.72 | $0.68 | $0.62 | $0.57 | $0.56 | $0.68 | $0.70 | $0.49 | $0.39 | $0.40 | $0.41 |
| EBITDA | $635.2M | $712.6M | $745.0M | $831.7M | $417.0M | $561.3M | $680.1M | $719.0M | $394.4M | $420.7M | $380.8M | $399.5M |
| Operating cash flow | $1.04B | $1.08B | $620.2M | $655.2M | $451.9M | $863.3M | $477.6M | $608.1M | $342.0M | $830.4M | $191.7M | $551.2M |
| Free cash flow | $965.6M | $1.01B | $577.4M | $567.5M | $284.1M | $796.8M | $380.0M | $571.8M | $318.9M | $608.5M | $164.8M | $481.1M |
| Diluted shares | 739.9M | 742.8M | 747.7M | 761.2M | 772.7M | 776.8M | 775.3M | 771.9M | 769.9M | 770.5M | 772.3M | 791.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.93B | $2.22B | $2.50B | $2.00B | $3.37B | $3.60B |
| Short-term investments | $1.13B | $1.07B | $1.09B | $1.13B | $1.19B | $1.18B |
| Total debt | $496.9M | $496.8M | $996.3M | $995.9M | $995.3M | $994.9M |
| Total assets | $10.86B | $9.88B | $10.39B | $9.36B | $10.64B | $10.41B |
| Total liabilities | $9.31B | $8.89B | $9.15B | $8.63B | $8.58B | $8.44B |
| Shareholders' equity | $1.55B | $989.7M | $1.24B | $735.1M | $2.06B | $1.96B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology