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IC
Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
101.73
+4.31 (4.42%)
May 12, 2025, 3:40 PM - Market open

Fortinet Revenue by Segment
Period Ending Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Services
4.18B 4.04B 3.88B 3.72B 3.56B 3.38B 3.19B 3.01B
Services Growth
17.39% 19.70% 21.62% 23.86% 26.49% 28.09% 28.83% 29.10%
Product
1.96B 1.91B 1.82B 1.81B 1.84B 1.93B 1.98B 1.98B
Product Growth
6.72% -0.97% -7.91% -8.44% -3.91% 8.24% 22.23% 33.23%

Operating Metrics

Period Ending Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Billings
6.72B 6.53B 6.39B 6.30B 6.30B 6.39B 6.25B 6.17B
Billings Growth
6.60% 2.13% 2.19% 2.06% 4.81% 10.45% 16.23% 22.72%

Gross Profit by Type
Period Ending Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Services
3.66B 3.54B 3.40B 3.24B 3.08B 2.90B 2.73B 2.56B
Services Growth
18.75% 21.96% 24.50% 26.43% 28.31% 29.45% 29.39% 29.48%
Product
1.34B 1.26B 1.15B 1.08B 1.08B 1.16B 1.22B 1.24B
Product Growth
23.75% 7.99% -5.84% -12.71% -8.73% 6.84% 25.90% 39.09%

Operating Expense Breakdown
Period Ending Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Sales and Marketing
2.09B 2.04B 2.03B 2.01B 2.03B 2.01B 1.95B 1.88B
Sales and Marketing Growth
2.84% 1.93% 3.64% 7.30% 14.18% 18.97% 22.32% 23.67%
Research and Development
742.40M 716.80M 678.20M 647.80M 635.70M 613.80M 590.20M 567.60M
Research and Development Growth
16.78% 16.78% 14.91% 14.13% 18.03% 19.79% 18.97% 20.87%
General and Administrative
241.20M 237.80M 237.80M 219.60M 212.90M 211.30M 200.50M 187.70M
General and Administrative Growth
13.29% 12.54% 18.60% 17.00% 16.21% 25.03% 20.78% 16.51%
Gain on IP
-9.80M -4.60M -4.60M -4.60M -4.50M -4.60M -4.60M -4.60M
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.