Fortinet › Financials
Fortinet financials
FTNTTen years from Fortinet’s own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.49B | $1.80B | $2.16B | $2.59B | $3.34B | $4.42B | $5.30B | $5.96B | $6.80B | $7.53B | — |
| Gross profit | $937.6M | $1.11B | $1.35B | $1.66B | $2.02B | $2.56B | $3.33B | $4.07B | $4.80B | $5.47B | $6.04B | — |
| Operating income | $42.9M | $109.8M | $234.4M | $351.0M | $531.8M | $650.4M | $969.6M | $1.24B | $1.80B | $2.08B | $2.44B | — |
| Net income | $32.2M | $31.4M | $334.9M | $331.7M | $488.5M | $606.8M | $857.3M | $1.15B | $1.75B | $1.85B | $2.12B | — |
| Earnings per share, diluted | $0.04 | $0.04 | $0.38 | $0.38 | $0.58 | $0.73 | $1.06 | $1.46 | $2.26 | $2.42 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $709.0M | $811.0M | $1.11B | $1.22B | $1.06B | $1.32B | $1.68B | $1.40B | $2.88B | $2.50B | — | $2.93B |
| Total assets | $2.14B | $2.26B | $3.08B | $3.89B | $4.04B | $5.92B | $6.23B | $7.26B | $9.76B | $10.39B | — | $10.86B |
| Debt | — | — | — | — | $0 | $988.4M | $990.4M | $992.3M | $994.3M | $996.3M | — | $496.9M |
| Total liabilities | $1.30B | $1.67B | $2.07B | $2.56B | $3.19B | $5.12B | $6.51B | $7.72B | $8.27B | $9.15B | — | $9.31B |
| Shareholders' equity | $837.7M | $589.4M | $1.01B | $1.32B | $856.0M | $781.7M | −$281.6M | −$463.4M | $1.49B | $1.24B | — | $1.55B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $345.7M | $594.4M | $638.9M | $808.0M | $1.08B | $1.50B | $1.73B | $1.94B | $2.26B | $2.59B | $3.40B | — |
| Capital spending | $67.2M | $135.3M | $53.0M | $92.2M | $125.9M | $295.9M | $281.2M | $204.1M | $378.9M | $364.8M | $192.6M | — |
| Free cash flow | $278.5M | $459.1M | $585.9M | $715.8M | $957.8M | $1.20B | $1.45B | $1.73B | $1.88B | $2.23B | $3.20B | — |
| Buybacks | $110.8M | $446.3M | $211.8M | $145.1M | $1.08B | $741.8M | $1.99B | $1.50B | $600K | $2.29B | $2.86B | — |
| Returned to shareholders | $110.8M | $446.3M | $211.8M | $145.1M | $1.08B | $741.8M | $1.99B | $1.50B | $600K | $2.29B | $2.86B | — |
| Stock-based pay | $122.4M | $137.2M | $162.9M | $174.1M | $191.7M | $207.9M | $217.3M | $249.0M | $257.9M | $279.5M | $296.1M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Fortinet financials, answered
What is Fortinet's market cap?
$124.09B at $169.13 a share, with 733,713,653 shares outstanding as of Jul 28, 2026, from the cover of its latest SEC filing.
How much does Fortinet earn?
Revenue of $7.53B and net income of $2.12B in the last 12 months to Jun 2026.
How much debt does Fortinet have?
Fortinet reported $496.9M of debt and $2.93B of cash and equivalents on its balance sheet in Jun 2026.
Does Fortinet make free cash flow?
Yes. Operating cash flow minus capital spending was $3.20B in the last 12 months to Jun 2026.
How much cash does Fortinet return to shareholders?
$2.29B in buybacks and dividends in fiscal 2025, from the cash flow statement.