FTNT Q3 2023 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.3B+16.1% YoY

Gross Profit

$1.0B76.2% margin

Operating Income

$303M22.7% margin

Net Income

$323M24.2% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$551M

Free Cash Flow

$481M

Stock-Based Comp.

$64M

Balance Sheet

Total Assets

$7.5B

Total Liabilities

$7.4B

Stockholders' Equity

$74M

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.1B	+16.1%
Gross Profit	$1.0B	$867M	+17.4%
Operating Income	$303M	$266M	+14.2%
Net Income	$323M	$232M	+39.4%

Revenue Segments

Security Subscription

$495M37%

Product

$466M35%

Technical Support and Other

$374M28%

Geographic Segments

Americas

$546M41%

Europe, Middle East and Africa

$512M38%

Asia Pacific and Japan

$277M21%