FTNT Q1 2022 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q1 2022 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$955M+34.4% YoY

Gross Profit

$701M73.4% margin

Operating Income

$151M15.8% margin

Net Income

$138M14.5% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$396M

Free Cash Flow

$274M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$5.4B

Stockholders' Equity

$218M

Cash & Equivalents

$924M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$955M	$710M	+34.4%
Gross Profit	$701M	$554M	+26.6%
Operating Income	$151M	$122M	+24.2%
Net Income	$138M	$107M	+29.1%

Revenue Segments

Product

$371M39%

Security Subscription

$313M33%

Technical Support and Other

$271M28%

Geographic Segments

Americas

$383M40%

Europe, Middle East and Africa

$346M36%

Asia Pacific and Japan

$226M24%