Fortinet, Inc.

FTNT 10-K · Q4 2025
API behind this page

FTNT Q4 2025 request

Playground key active
Request URL /api/financials?ticker=FTNT&year=2025&quarter=4
waiting 0 ms 
Pick an endpoint and run the request.
curl

Income Statement

JSON CSV Excel
Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 1,905 1,660.1 +14.8%
Show Product Lines breakouts
Product 691.1 574 +20.4%
Security subscription 693.7 625.3 +10.9%
Service 1,213.9 1,086.1 +11.8%
Show Business Segments breakouts
Reportable Segment 1,905 1,660.1 +14.8%
Show Geography breakouts
Americas 731.3 665.9 +9.8%
Other Americas 216.8 184.9 +17.3%
US 514.5 481 +7.0%
Show — breakouts
Revenue 520.2 460.8 +12.9%
Revenue 348.6 301.9 +15.5%
Cost of Revenue 389.2 314.5 +23.8%
Show Product Lines breakouts
Product 228.9 178 +28.6%
Product · Reportable Segment 228.9 178 +28.6%
Service 160.3 136.5 +17.4%
Service · Reportable Segment 160.3 136.5 +17.4%
Gross Profit 1,515.8 1,345.6 +12.6%
Show Product Lines breakouts
Product 462.2 396 +16.7%
Service 1,053.6 949.6 +11.0%
Research & Development 205 191.1 +7.3%
Show Business Segments breakouts
Reportable Segment 205 191.1 +7.3%
Sales & Marketing 629.3 526.5 +19.5%
General & Administrative 57.3 55.1 +4.0%
Show Business Segments breakouts
Reportable Segment 57.3 55.1 +4.0%
Gain Loss From Mutual Covenant Not To Sue Agreement Right To Use Existing Intellectual Property -1.4 -1.2 -16.7%
Show Business Segments breakouts
Reportable Segment -1.4 -1.2 -16.7%
Operating Expenses 890.2 771.5 +15.4%
Operating Income 625.6 574.1 +9.0%
Investment Income Net 32.3 42.3 -23.6%
Show Business Segments breakouts
Reportable Segment 32.3 42.3 -23.6%
Interest Expense (Q) — — —
Show Business Segments breakouts
Reportable Segment -4.4 -4.9 +10.2%
Other Non-Operating Income (Expense) -2.7 6.9 -139.1%
Show Business Segments breakouts
Reportable Segment -2.7 6.9 -139.1%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 650.8 618.4 +5.2%
Income Tax Expense (Benefit) 144.8 86.7 +67.0%
Show Business Segments breakouts
Reportable Segment 144.8 86.7 +67.0%
Income Loss From Equity Method Investments 0 -5.5 +100.0%
Show Business Segments breakouts
Reportable Segment 0 -5.5 +100.0%
Net Income 506 526.2 -3.8%
Show Business Segments breakouts
Reportable Segment 506 526.2 -3.8%
Show Equity Components breakouts
Retained Earnings 506 526.2 -3.8%
EPS (Basic) 0.68 0.68 0.0%
EPS (Diluted) 0.67 0.68 -1.5%
Wtd Avg Shares (Basic) -5.1 0.7 -828.6%
Wtd Avg Shares (Diluted) -5.6 1.1 -609.1%
Comprehensive Income 502.4 518.1 -3.0%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 2,495.3 2,875.9 -13.2%
Other Short Term Investments 1,087.2 1,190.6 -8.7%
Accounts Receivable 1,691.2 1,463.4 +15.6%
Inventory 399.5 315.5 +26.6%
Prepaid Expenses & Other Current Assets 227 126.1 +80.0%
Total Current Assets 5,900.2 5,971.5 -1.2%
Non-Current Assets
Long Term Investments 339.7 — —
Property, Plant & Equipment 1,619 1,349.5 +20.0%
Show Geography breakouts
Americas 1,334.9 1,214.7 +9.9%
APAC 72.8 61.5 +18.4%
CA 329.2 216.8 +51.8%
EMEA 211.3 73.3 +188.3%
Latin America 4.9 4.4 +11.4%
US 1,000.8 993.5 +0.7%
Deferred Tax Assets 1,314.9 1,335.6 -1.5%
Goodwill 257.4 235.4 +9.3%
Show Business Acquisition breakouts
Series Of Individually Immaterial Business Acquisitions 21.9 — —
Other Non-Current Assets 125.2 133.2 -6.0%
Total Assets 10,389.2 9,763.1 +6.4%
Operating Lease Right-of-Use Assets 64.4 72.2 -10.8%
Intangible Assets 97.3 115 -15.4%
Show Finite Lived Intangible Assets By Major Class breakouts
Backlog 3.8 8.9 -57.3%
Customer Relationships 24.5 30.9 -20.7%
Developed Technology Rights 63.1 68.2 -7.5%
Trade Names 5.9 7 -15.7%
Other Assets
Capitalized Contract Cost Net 735.5 622.9 +18.1%
Intangible Assets Net Excluding Goodwill 97.3 115 -15.4%
Current Liabilities
Accounts Payable 230.8 190.9 +20.9%
Accrued Liabilities 354.6 337.9 +4.9%
Employee Related Liabilities Current 312.9 255.7 +22.4%
Current Portion of Long-Term Debt 499.7 — —
Deferred Revenue 3,636 3,276.2 +11.0%
Total Current Liabilities 5,034 4,060.7 +24.0%
Non-Current Liabilities
Deferred Revenue Noncurrent 3,479.8 3,084.7 +12.8%
Long-Term Debt 496.6 994.3 -50.1%
Other Non-Current Liabilities 141.3 129.6 +9.0%
Total Liabilities 9,151.7 8,269.3 +10.7%
Operating Lease Liabilities 29.4 46.4 -36.6%
Stockholders' Equity
Common Stock 0.7 0.8 -12.5%
Additional Paid In Capital Common Stock 1,770.1 1,636.2 +8.2%
Accumulated Other Comprehensive Income -25.4 -26.1 +2.7%
Retained Earnings -507.9 -117.1 -333.7%
Total Stockholders' Equity 1,237.5 1,493.8 -17.2%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -25.4 -26.1 +2.7%
Additional Paid In Capital 1,770.1 1,636.2 +8.2%
Common Stock 0.7 0.8 -12.5%
Retained Earnings -507.9 -117.1 -333.7%
Total Liabilities & Equity 10,389.2 9,763.1 +6.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Stock-Based Compensation 72.5 65.8 +10.2%
Capitalized Contract Cost Amortization 90.3 75.4 +19.8%
Depreciation & Amortization 39.5 35.2 +12.2%
Accretion Amortization Of Discounts And Premiums Investments -6.4 -11.5 +44.3%
Other Non-Cash Items 0.4 -6.4 +106.2%
Change in Accounts Receivable -524.6 -421.9 -24.3%
Change in Inventory 18.5 26.3 -29.7%
Change in Prepaid & Other Assets -31.6 -4.7 -572.3%
Increase Decrease In Deferred Charges -143.7 -98.9 -45.3%
Increase Decrease In Deferred Income Taxes 52.5 -35.6 +247.5%
Increase Decrease In Other Operating Assets -2.6 -2.2 -18.2%
Change in Accounts Payable 16.4 21.8 -24.8%
Increase Decrease In Accrued Liabilities 28.8 -34.4 +183.7%
Change in Deferred Revenue 466.1 343.4 +35.7%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities -0.6 -8.8 +93.2%
Net Cash from Operations 620.2 477.6 +29.9%
Investing Activities
Payments To Acquire Other Investments -483.5 -463.3 -4.4%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 475.1 509 -6.7%
Payments To Acquire Productive Assets -42.8 -97.6 +56.1%
Payments To Acquire Businesses Net Of Cash Acquired 0 -28.5 +100.0%
Other Investing Activities 0 0 —
Net Cash from Investing -46.3 -79.9 +42.1%
Transfersof Evaluation Unitsfrom Inventoryto Propertyand Equipment 7.2 9.4 -23.4%
Financing Activities
Share Repurchases -57.2 0 —
Proceeds From Issuance Of Common Stock 7.1 23.4 -69.7%
Tax Withholding for Share Compensation -22.6 -21.3 -6.1%
Proceeds From Payments For Other Financing Activities 0 -10.9 +100.0%
Net Cash from Financing -72.7 -8.8 -726.1%
Supplemental
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 16.8 9.9 +69.7%
Unpaid Capital Expenditures -2.1 -6.1 +65.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -1.6 -2.3 +30.4%
Net Change in Cash 499.6 386.6 +29.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,495.3 2,875.9 -13.2%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

Get API Key