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FTNT Q3 2024 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena
FTNT
Fortinet, Inc.
$63B
Q3 2024 Earnings
Technology
Software - Infrastructure
Income Statement
Revenue
$1.5B
+13.0% YoY
Gross Profit
$1.2B
82.5% margin
Operating Income
$471M
31.2% margin
Net Income
$540M
35.8% margin
EPS (Diluted)
$0.70
QoQ Revenue Growth
+5.1%
Cash Flow
Operating Cash Flow
$608M
Free Cash Flow
$572M
Stock-Based Comp.
$66M
Balance Sheet
Total Assets
$8.9B
Total Liabilities
$7.9B
Stockholders' Equity
$908M
Cash & Equivalents
$2.5B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.5B
$1.3B
+13.0%
Gross Profit
$1.2B
$1.0B
+22.4%
Operating Income
$471M
$303M
+55.3%
Net Income
$540M
$323M
+67.2%
Revenue Segments
Security Subscription
$596M
40%
Product
$474M
31%
Technical Support and Other
$438M
29%
Geographic Segments
Americas
$624M
41%
Europe, Middle East and Africa
$599M
40%
Asia Pacific and Japan
$285M
19%
← FY 2024
All Quarters
Q4 2024 →