FORTINET, INC.

LISTEDNASDAQ

SYMBOLFTNT

SIC3577

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK1262039

COMPUTER PERIPHERAL EQUIPMENT, NEC · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	996	44.6
Stockholders' equity	1,238	55.4
Total capitalization	2,234	100.0

733,713,653 shares outstanding at 28 July 2026 (cover page of the 10-Q filed 30 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, noncurrent	497
Current maturities	500

CAPITAL STOCK 12/31/25

Common shares authorized	1,500,000,000
Common shares issued	743,000,000
Par or stated value per share ($)	0.001
Outstanding at 7/28/26	733,713,653

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	–	–
2024	–	–
2023	–	–
2022	–	–
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware.

BUSINESS: Classified by the SEC under Standard Industrial Classification 3577, Computer Peripheral Equipment, NEC. Large accelerated filer. Principal executive office: 909 Kifer Road, Sunnyvale, CA 94086. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Revenues	6,800	5,956	5,305
Cost of revenues	1,329	1,158	1,237
Gross profit	5,471	4,798	4,068
Research and development	816	717	614
Depreciation and amortization	152	123	113
Operating income	2,085	1,803	1,241
Interest expense	20	20	21
Income before income taxes	2,282	2,058	1,334
Income taxes	439	284	144
Net income	1,853	1,745	1,148
Earned per share, diluted ($)	2.42	2.26	1.46
Dividends per share ($)	–	–	–

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Cash and equivalents	2,495	2,876
Receivables, net	1,691	1,463
Inventories	400	316
Total current assets	5,900	5,972
Property, plant and equipment, net	1,619	1,350
Goodwill	257	235
Total assets	10,389	9,763
Total current liabilities	5,034	4,061
Long-term debt	497	994
Total liabilities	9,152	8,269
Stockholders' equity	1,238	1,494
Total liabilities and equity	10,389	9,763

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	6,800	2,085	1,853	27.3	2.42	–	2,591	365	2,226	10,389	9,152	996	1,238	149.8	0.81
12/31/24	5,956	1,803	1,745	29.3	2.26	–	2,258	379	1,879	9,763	8,269	994	1,494	116.8	0.67
12/31/23	5,305	1,241	1,148	21.6	1.46	–	1,936	204	1,731	7,259	7,722	992	(463)	-247.7	-2.14
12/31/22	4,417	970	857	19.4	1.06	–	1,731	281	1,449	6,228	6,510	990	(282)	-304.4	-3.52
12/31/21	3,342	650	607	18.2	0.73	–	1,500	296	1,204	5,919	5,121	988	782	77.6	1.26
12/31/20	2,594	532	488	18.8	0.58	–	1,084	126	958	4,044	3,188	0	856	57.1	0.00
12/31/19	2,163	351	332	15.3	0.38	–	808	92	716	3,879	2,537	–	1,342	24.7	–
12/31/18	1,805	234	335	18.6	0.38	–	639	53	586	3,078	2,068	–	1,026	32.7	–
12/31/17	1,495	110	31	2.1	0.04	–	594	135	459	2,258	1,668	–	602	5.2	–
12/31/16	1,275	43	32	2.5	0.04	–	346	67	278	2,140	1,302	–	838	3.8	–

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

Fortinet, Inc.
CIK 1262039 · EIN 77-0560389

PRINCIPAL OFFICE:

909 Kifer Road, Sunnyvale, CA 94086
Tel.: 408-235-7700

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

3577 · Computer Peripheral Equipment, NEC

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 25 February 2026

FORMER NAMES:

FORTINET INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

7/30/26	10-Q	period 6/30/26
7/29/26	8-K	period 7/29/26
6/16/26	8-K	period 6/12/26
5/8/26	10-Q	period 3/31/26
5/6/26	8-K	period 5/6/26
4/29/26	DEF 14A	period 6/12/26
2/25/26	10-K	period 12/31/25
2/5/26	8-K	period 2/5/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/26/24) · 10-K FY2022 (filed 2/24/23) · 10-K FY2021 (filed 2/25/22) · 10-K FY2020 (filed 2/19/21) · 10-K FY2019 (filed 2/26/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.