FTNT Q3 2024 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.5B+13.0% YoY

Gross Profit

$1.2B82.5% margin

Operating Income

$471M31.2% margin

Net Income

$540M35.8% 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

$596M40%

Product

$474M31%

Technical Support and Other

$438M29%

Geographic Segments

Americas

$624M41%

Europe, Middle East and Africa

$599M40%

Asia Pacific and Japan

$285M19%