FTNT FY 2023 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

FY 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$5.3B+20.1% YoY

Gross Profit

$4.1B76.7% margin

Operating Income

$1.2B23.4% margin

Net Income

$1.1B21.6% margin

EPS (Diluted)

$1.46

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

$1.7B

Stock-Based Comp.

$249M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$7.7B

Stockholders' Equity

-$463M

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.3B	$4.4B	+20.1%
Gross Profit	$4.1B	$3.3B	+22.1%
Operating Income	$1.2B	$970M	+28.0%
Net Income	$1.1B	$857M	+33.9%