FTNT Q4 2021 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q4 2021 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$964M+28.8% YoY

Gross Profit

$735M76.3% margin

Operating Income

$215M22.3% margin

Net Income

$199M20.7% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

+11.1%

Cash Flow

Operating Cash Flow

$367M

Free Cash Flow

$216M

Stock-Based Comp.

$53M

Balance Sheet

Total Assets

$5.9B

Total Liabilities

$5.1B

Stockholders' Equity

$782M

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$964M	$748M	+28.8%
Gross Profit	$735M	$581M	+26.6%
Operating Income	$215M	$169M	+26.9%
Net Income	$199M	$147M	+35.7%

Revenue Segments

Product

$379M39%

Security Subscription

$309M32%

Technical Support and Other

$275M29%

Geographic Segments

Americas

$381M40%

Europe, Middle East and Africa

$371M38%

Asia Pacific and Japan

$212M22%