FTNT Q3 2021 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$62B

Q3 2021 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$867M+33.2% YoY

Gross Profit

$656M75.6% margin

Operating Income

$166M19.2% margin

Net Income

$163M18.8% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+8.3%

Cash Flow

Operating Cash Flow

$399M

Free Cash Flow

$330M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$6.0B

Total Liabilities

$4.8B

Stockholders' Equity

$1.1B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$867M	$651M	+33.2%
Gross Profit	$656M	$512M	+28.2%
Operating Income	$166M	$127M	+31.1%
Net Income	$163M	$123M	+32.2%

Revenue Segments

Product

$337M39%

Security Subscription

$287M33%

Technical Support and Other

$243M28%

Geographic Segments

Americas

$350M40%

Europe, Middle East and Africa

$323M37%

Asia Pacific and Japan

$194M22%