NASDAQ:FTNT
Fortinet, Inc.
Fortinet, Inc.'s revenue grew 14.2% in fiscal 2025 to $6.8B while operating margin rose to 30.7%, its highest in 10 years. Free cash flow was $2.2B, 32.7% of revenue, and the diluted share count fell 0.9%.Summary generated from Fortinet, Inc.'s SEC filings. Latest annual report filed Feb 25, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$6.8B
Revenue growth+14.2%
Revenue, 5-yr CAGR+21.3%
Gross margin80.5%
Operating margin30.7%
Net margin27.3%
ROICn/a
Return on equity135.7%
Debt / equity0.81
Free cash flow$2.2B
FCF margin32.7%
Share count change−0.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 3,342 | 4,417 | 5,305 | 5,956 | 6,800 |
| Operating income | 650 | 970 | 1,241 | 1,803 | 2,085 |
| Net income | 607 | 857 | 1,148 | 1,745 | 1,853 |
| Free cash flow | 1,204 | 1,449 | 1,731 | 1,879 | 2,226 |
Recent filings
- 4Insider transaction report
Oct 1, 2026 - 4Insider transaction report
Oct 1, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 29, 2026 - 8-KResults of a shareholder vote
Jun 16, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 8, 2026 - 8-KResults of operations and financial condition
May 6, 2026 - DEF 14AProxy statement
Apr 29, 2026