FTNT · XBRL financial data

Fortinet financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (FTNT's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue from contracts with customers	1,415*	1,353	1,434	1,508	1,660*	1,540	1,630	1,725	1,905*	1,850	2,048	2,078
Cost of goods and services sold	316*	305	275	263	315*	293	315	332	389*	365	405	438
Gross profit	1,099*	1,049	1,159	1,245	1,346*	1,247	1,315	1,393	1,516*	1,485	1,643	1,641
Research and development	153*	173	165	187	191*	199	210	202	205*	214	225	213
General and administrative	55*	54	57	72	55*	58	57	61	57*	56	61	60
Total operating expenses	714*	727	722	774	772*	793	857	846	890*	905	954	937
Operating income (loss)	385*	321	437	471	574*	454	458	547	626*	580	689	704
Interest expense	5*	5	5	5	5*	5	5	6	4*	4	3	3
Other income (expense)	5*	(3)	(2)	12	7*	26	19	13	(3)*	48	1	11
Income tax expense (benefit)	95*	40	77	81	87*	97	77	121	145*	122	115	120
Net income (loss)	311*	299	380	540	526*	433	440	474	506*	535	606	636
Earnings per share, basic USD per share	0.41*	0.39	0.50	0.71	0.69*	0.56	0.57	0.63	0.68*	0.72	0.83	0.87
Earnings per share, diluted USD per share	0.40*	0.39	0.49	0.70	0.68*	0.56	0.57	0.62	0.68*	0.72	0.82	0.86
Weighted average shares, basic millions of shares	765*	762	764	765	766*	768	766	756	743*	739	733	734
Weighted average shares, diluted millions of shares	772*	771	770	772	775*	777	773	761	748*	743	740	743

Balance sheet

CSV

Fiscal quarters (FTNT's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	1,398	1,926	2,203	2,489	2,876	3,597	3,369	1,996	2,495	2,224	2,935	3,751
Accounts receivable	1,402	996	1,083	1,044	1,463	1,174	1,216	1,168	1,691	1,486	1,456	1,461
Inventory	485	440	383	354	316	363	405	427	400	370	426	591
Prepaid and other current assets	101	101	113	122	126	125	163	195	227	182	257	257
Total current assets	4,428	4,560	4,919	5,221	5,972	6,443	6,346	4,914	5,900	5,333	6,208	7,108
Property and equipment, net	1,044	1,247	1,243	1,273	1,350	1,404	1,545	1,605	1,619	1,692	1,700	1,730
Right-of-use asset	76	—	—	—	72	—	—	—	64	—	—	—
Goodwill	127	129	128	213	235	236	259	258	257	257	257	274
Total assets	7,259	7,662	8,053	8,852	9,763	10,407	10,641	9,361	10,389	9,884	10,859	11,943
Accounts payable	204	135	132	178	191	225	245	221	231	239	283	430
Accrued liabilities	424	539	401	377	338	415	339	331	355	366	394	380
Current portion of long-term debt	—	—	—	—	0	499	499	499	500	0	0	0
Total current liabilities	3,719	3,800	3,725	3,884	4,061	4,728	4,777	4,786	5,034	4,624	4,841	5,088
Long-term debt	992	993	993	994	994	496	496	497	497	497	497	497
Lease liability, non-current	46	—	—	—	46	—	—	—	29	—	—	—
Total liabilities	7,722	7,800	7,765	7,944	8,269	8,444	8,581	8,626	9,152	8,894	9,308	9,696
Retained earnings (accumulated deficit)	(1,862)	(1,562)	(1,183)	(643)	(117)	316	364	(959)	(508)	(782)	(317)	319
Total stockholders' equity	(463)	(138)	288	908	1,494	1,963	2,060	735	1,238	990	1,551	2,247
Total liabilities and equity	7,259	7,662	8,053	8,852	9,763	10,407	10,641	9,361	10,389	9,884	10,859	11,943
Common shares outstanding (cover page) millions of shares	763	764	765	766	769	765	766	744	740	733	734	735

Cash flows

CSV

Fiscal quarters (FTNT's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	311*	299	380	540	526*	433	440	474	506*	535	606	636
Stock-based compensation	63*	62	64*	66	66*	66	69*	72	73*	73	79*	80*
Depreciation and amortization	30*	29	29	30	35*	36	38	38	40*	40	41*	39*
Net cash from operating activities	192*	830	342*	608*	478*	863	452*	655*	620*	1,077	1,044*	946*
Purchases of property and equipment	—	222	23*	36*	—	67	168*	88*	—	71	78*	64*
Net cash from investing activities	(72)*	(270)	(50)*	(327)*	(80)*	(111)	(266)*	(176)*	(46)*	(6)	(185)*	(112)*
Proceeds from issuing common stock	8*	13	6*	20*	23*	20	11*	6*	7*	18	45*	23*
Share repurchases	896*	—	—	1*	0*	0	401*	1,832*	57*	823	150*	0*
Proceeds from long-term debt	year only	—	—	—	—	—	—	—	—	—	—	—
Net cash from financing activities	(910)*	(30)	(14)*	3*	(9)*	(33)	(414)*	(1,852)*	(73)*	(1,343)	(148)*	(18)*
Net change in cash	(789)*	528	277*	286*	387*	721	(228)*	(1,373)*	500*	(272)	711*	816*

Compare with peers

SIC 3577 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3577 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Fortinet	3,751	2,078	946*	734.7M	Q3 FY26 10-QSep 30, 2026
Seagate Technology Holdings	1,258	4,233	1,690	229.6M	Q1 FY27 10-QOct 2, 2026
Western Digital	1,314	4,381	1,604	374.3M	Q1 FY27 10-QOct 2, 2026
Sandisk	5,136	11,031	6,363	142.3M	Q1 FY27 10-QOct 2, 2026
Dell Technologies	11,569	46,971	2,225*	not reported	Q2 FY27 10-QJul 31, 2026
Arista Networks	2,290	3,036	1,083*	1.3B	Q2 FY26 10-QJun 30, 2026
Palo Alto Networks	2,514	3,410*	1,357*	818.0M	Q4 FY26 10-KJul 31, 2026
HP	4,169	15,677	1,735*	901.8M	Q3 FY26 10-QJul 31, 2026
Hewlett Packard Enterprise	6,216	12,213	1,641*	1.3B	Q3 FY26 10-QJul 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.