FTNT Q4 2023 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q4 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.4B+10.3% YoY

Gross Profit

$1.1B77.7% margin

Operating Income

$385M27.2% margin

Net Income

$311M22.0% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$192M

Free Cash Flow

$165M

Stock-Based Comp.

$63M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$7.7B

Stockholders' Equity

-$463M

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+10.3%
Gross Profit	$1.1B	$986M	+11.5%
Operating Income	$385M	$358M	+7.7%
Net Income	$311M	$314M	-0.9%

Revenue Segments

Security Subscription

$525M37%

Product

$488M34%

Technical Support and Other

$403M28%

Geographic Segments

Europe, Middle East and Africa

$576M41%

Americas

$569M40%

Asia Pacific and Japan

$270M19%