FTNT Q4 2024 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$63B

Q4 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.7B+17.3% YoY

Gross Profit

$1.3B81.1% margin

Operating Income

$574M34.6% margin

Net Income

$526M31.7% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+10.1%

Cash Flow

Operating Cash Flow

$478M

Free Cash Flow

$380M

Stock-Based Comp.

$66M

Balance Sheet

Total Assets

$9.8B

Total Liabilities

$8.3B

Stockholders' Equity

$1.5B

Cash & Equivalents

$2.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.4B	+17.3%
Gross Profit	$1.3B	$1.1B	+22.4%
Operating Income	$574M	$385M	+49.0%
Net Income	$526M	$311M	+69.3%

Revenue Segments

Security Subscription

$625M38%

Product

$574M35%

Technical Support and Other

$461M28%

Geographic Segments

Europe, Middle East and Africa

$692M42%

Americas

$666M40%

Asia Pacific and Japan

$302M18%