Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Fortinet, Inc.

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	6,554.7	6,337.9	6,142.2	5,955.8	5,710.8	5,537.3
Total Revenues %Chg	14.8%	14.5%	13.8%	12.3%	10.4%	11%
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Cost of Sales	1,254.2	1,185.9	1,146	1,157.6	1,159	1,213.3
Product
Service
Gross Profit	5,300.5	5,152	4,996.2	4,798.2	4,551.8	4,324
Total Gross Profit
Gross Profit Margin	80.9%	81.3%	81.3%	80.6%	79.7%	78.1%
Selling, General & Administrative Expenses	2,475.9	2,418.6	2,327.6	2,282.6	2,263.5	2,233.8
Sales and Marketing
General and Administrative
Research & Development Expenses	801.6	786.5	742.4	716.8	678.2	647.8
Research and Development
Other Operating Expenses	10.2	9.9	9.8	4.6	4.6	4.6
Restructuring Charges
Loss on Intellectual Property Matters
Operating Profit	2,033.2	1,956.8	1,936	1,803.4	1,614.7	1,447
Operating Income
Operating Margin	31%	30.9%	31.5%	30.3%	28.3%	26.1%
Interest and Investment Income	172.3	174	167.3	155.2	143.4	138
Interest Income
Interest Income (Expense)-Net
Interest Expense	-20.6	-19.4	-19.8	-20	-20.5	-20.9
Interest Expense
Non-Operating Income	57.8	-42.2	-9.2	122.1	-84.7	40.3
Gain on Bargain Purchase
Other Income-Net
Gain from Equity Method Investments
Total Non-Operating Income	209.5	112.4	138.3	257.3	38.2	157.4
Income Before Provision for Income Taxes	2,242.7	2,069.2	2,074.3	2,060.7	1,652.9	1,604.4
Provision for Income Taxes	381	341.5	340.9	283.9	292.4	210.9
Provision for Income Taxes
Consolidated Net Income	1,873.6	1,939.6	1,879.3	1,745.2	1,529.9	1,312.9
Net Income
Net Income Attributable to Minority Interests and Other	—	—	—	—	—	—
Net Income Attributable to Non-Controlling Interests, Net of Tax
Net Income Attributable to Common Shareholders	1,873.6	1,939.6	1,879.3	1,745.2	1,529.9	1,312.9
Net Income Attributable to Fortinet, Inc.
Basic EPS	2.5	2.5	2.5	2.3	2	1.7
Diluted EPS	2.4	2.5	2.4	2.3	2	1.7
Basic Weighted Average Shares Outstanding	764	766.3	765.9	764.4	763.9	768
Total Shares Outstanding	742.9	765.6	769.2	767	765.7	764.2
Diluted Weighted Average Shares Outstanding	771.5	774.2	773.5	771.9	771.2	776
EBITDA	2,502.3	2,404.9	2,365.7	2,219.9	2,021.2	1,846.4
Effective Tax Rate	17%	16.5%	16.4%	13.8%	17.7%	13.1%