FTNT Q3 2022 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q3 2022 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.1B+32.6% YoY

Gross Profit

$867M75.4% margin

Operating Income

$266M23.1% margin

Net Income

$232M20.1% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

+11.6%

Cash Flow

Operating Cash Flow

$483M

Free Cash Flow

$395M

Stock-Based Comp.

$55M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$6.0B

Stockholders' Equity

-$635M

Cash & Equivalents

$964M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$867M	+32.6%
Gross Profit	$867M	$656M	+32.1%
Operating Income	$266M	$166M	+59.6%
Net Income	$232M	$163M	+42.0%

Revenue Segments

Product

$469M41%

Security Subscription

$370M32%

Technical Support and Other

$311M27%

Geographic Segments

Americas

$468M41%

Europe, Middle East and Africa

$444M39%

Asia Pacific and Japan

$238M21%