FTNT Q4 2022 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q4 2022 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.3B+33.1% YoY

Gross Profit

$986M76.8% margin

Operating Income

$358M27.9% margin

Net Income

$314M24.5% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

+11.6%

Cash Flow

Operating Cash Flow

$528M

Free Cash Flow

$497M

Stock-Based Comp.

$55M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$6.5B

Stockholders' Equity

-$282M

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$964M	+33.1%
Gross Profit	$986M	$735M	+34.1%
Operating Income	$358M	$215M	+66.5%
Net Income	$314M	$199M	+57.7%

Revenue Segments

Product

$540M42%

Security Subscription

$404M31%

Technical Support and Other

$339M26%

Geographic Segments

Americas

$521M41%

Europe, Middle East and Africa

$510M40%

Asia Pacific and Japan

$252M20%