FTNT Q2 2022 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q2 2022 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.0B+28.6% YoY

Gross Profit

$779M75.7% margin

Operating Income

$195M19.0% margin

Net Income

$174M16.8% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+7.9%

Cash Flow

Operating Cash Flow

$323M

Free Cash Flow

$284M

Stock-Based Comp.

$55M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$5.7B

Stockholders' Equity

-$393M

Cash & Equivalents

$710M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$801M	+28.6%
Gross Profit	$779M	$614M	+26.9%
Operating Income	$195M	$148M	+32.4%
Net Income	$174M	$138M	+26.2%

Revenue Segments

Product

$401M39%

Security Subscription

$340M33%

Technical Support and Other

$289M28%

Geographic Segments

Americas

$414M40%

Europe, Middle East and Africa

$392M38%

Asia Pacific and Japan

$225M22%