FTNT Q1 2021 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q1 2021 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$710M+23.0% YoY

Gross Profit

$554M78.0% margin

Operating Income

$122M17.1% margin

Net Income

$107M15.1% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

-5.0%

Cash Flow

Operating Cash Flow

$316M

Free Cash Flow

$264M

Stock-Based Comp.

$50M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.3B

Stockholders' Equity

$981M

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$710M	$578M	+23.0%
Gross Profit	$554M	$449M	+23.3%
Operating Income	$122M	$117M	+4.2%
Net Income	$107M	$105M	+2.5%

Revenue Segments

Security Subscription

$255M36%

Product

$241M34%

Technical Support and Other

$214M30%

Geographic Segments

Americas

$291M41%

Europe, Middle East and Africa

$276M39%

Asia Pacific and Japan

$144M20%