Fortinet, Inc.

FTNT

Fortinet, Inc.

FTNT

Insider Sentiment (TTM):

Last Purchase:2025-06-06Last Sale:2026-06-03Shares Purchased (TTM):0Shares Sold (TTM):1,002,462

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:379,362,928Shares Outstanding:738,800,000Institutional Ownership Pct.:51.35%

Earnings Market Reaction:

Filing Date:2026-07-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	2,935	2,224	2,495	1,996	3,369	3,597	2,876	2,489	2,203	1,926	1,398	2,187
Other Short Term Investments	1,135	1,071	1,087	1,128	1,194	1,184	1,191	1,162	1,115	1,075	1,022	962
Equity Securities Fv Ni	-	-	98	-	-	-	64	49	21	21	21	20
Accounts Receivable Net Current	1,456	1,486	1,691	1,168	1,216	1,174	1,463	1,044	1,083	996	1,402	1,014
Inventory Net	426	370	400	427	405	363	316	354	383	440	485	468
Prepaid Expense And Other Assets Current	257	182	227	195	163	125	126	122	113	101	101	103
Assets Current	6,208	5,333	5,900	4,914	6,346	6,443	5,972	5,221	4,919	4,560	4,428	4,753
Long Term Investments	399	340	340	289	112	35	0	-	-	-	0	2
Property Plant And Equipment Net	1,700	1,692	1,619	1,605	1,545	1,404	1,350	1,273	1,243	1,247	1,044	1,038
Capitalized Contract Cost Net	785	754	736	682	665	636	623	599	597	600	606	570
Deferred Income Tax Assets Net	1,319	1,305	1,315	1,368	1,457	1,412	1,336	1,300	999	943	869	789
Goodwill	257	257	257	258	259	236	235	213	128	129	127	125
Intangible Assets Net Excluding Goodwill	77	87	97	110	123	121	115	112	30	34	35	40
Other Assets Noncurrent	113	117	125	135	134	120	133	134	137	149	150	164
Assets	10,859	9,884	10,389	9,361	10,641	10,407	9,763	8,852	8,053	7,662	7,259	7,479
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	283	239	231	221	245	225	191	178	132	135	204	254
Accrued Liabilities Current	394	366	355	331	339	415	338	377	401	539	424	317
Employee Related Liabilities Current	323	292	313	274	281	250	256	248	217	215	242	211
Taxes Payable Current	-	-	-	-	-	-	-	-	-	-	-	220
Long Term Debt Current	0	0	500	499	499	499	0	-	-	-	-	-
Deferred Revenue Current	-	-	3,636	-	-	-	3,276	-	-	-	2,849	-
Contract With Customer Liability Current	3,842	3,726	-	3,461	3,413	3,339	-	3,081	2,975	2,912	-	2,647
Liabilities Current	4,841	4,624	5,034	4,786	4,777	4,728	4,061	3,884	3,725	3,800	3,719	3,649
Deferred Revenue Noncurrent	-	-	3,480	-	-	-	3,085	-	-	-	2,886	-
Contract With Customer Liability Noncurrent	3,834	3,625	-	3,190	3,155	3,079	-	2,931	2,921	2,878	-	2,638
Accrued Income Taxes Noncurrent	-	-	-	-	-	-	-	-	-	-	-	62
Long Term Debt Noncurrent	497	497	497	497	496	496	994	994	993	993	992	992
Other Liabilities Noncurrent	137	148	141	154	153	141	130	136	125	129	125	65
Liabilities	9,308	8,894	9,152	8,626	8,581	8,444	8,269	7,944	7,765	7,800	7,722	7,405
Stockholders Equity
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital Common Stock	1,896	1,799	1,770	1,715	1,716	1,669	1,636	1,569	1,499	1,449	1,416	1,397
Accumulated Other Comprehensive Income Loss Net Of…	-29	-28	-25	-22	-21	-23	-26	-18	-29	-25	-19	-24
Retained Earnings Accumulated Deficit	-317	-782	-508	-959	364	316	-117	-643	-1,183	-1,562	-1,862	-1,299
Stockholders Equity	1,551	990	1,238	735	2,060	1,963	1,494	908	288	-138	-463	74
Liabilities And Stockholders Equity	10,859	9,884	10,389	9,361	10,641	10,407	9,763	8,852	8,053	7,662	7,259	7,479
Allowance For Doubtful Accounts Receivable	-	-	7	-	-	-	6	-	-	-	8	-
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500
Common Stock Shares Issued	734	734	743	743	766	769	767	766	764	763	761	776
Shares Outstanding	734	734	743	743	766	769	767	766	764	763	761	776

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	20.95%	32.68%	33.58%	-	-	-	-	-	-	-	-	-
2025	4.13%	5.49%	7.24%	5.89%	13.35%	15.02%	-0.81%	-0.28%	-0.18%	5.24%	5.80%	58.73%
2024	0.87%	2.48%	-3.08%	11.69%	12.77%	16.98%	3.27%	4.39%	5.28%	-12.52%	-11.17%	-11.45%
2023	-	-	-	5.49%	1.70%	-2.50%	6.00%	18.19%	33.52%	-0.15%	-7.31%	-10.19%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.28	1.15	1.17	1.03	1.33	1.36	1.47	1.34	1.32	1.20	1.19	1.30
Quick Ratio	1.14	1.03	1.05	0.90	1.21	1.26	1.36	1.22	1.19	1.06	1.03	1.15
Working Capital	1.37B	709.10M	866.20M	127.40M	1.57B	1.71B	1.91B	1.34B	1.19B	759.30M	709.30M	1.10B
Leverage & Debt
Debt to Equity	6.00	8.99	7.40	11.73	4.16	4.30	5.54	8.75	26.94	-56.72	-16.66	99.94
Interest Coverage TTM	179.57	147.39	132.78	129.50	134.95	129.93	119.43	78.77	69.23	61.08	59.10	60.37
Debt Ratio	0.86	0.90	0.88	0.92	0.81	0.81	0.85	0.90	0.96	1.02	1.06	0.99
Efficiency & Turnover
Asset Turnover TTM	0.70	0.70	0.67	0.72	0.68	0.68	0.70	0.70	0.71	0.74	0.79	0.81
Days Sales Outstanding TTM	64.77	68.29	84.67	61.60	66.20	64.48	87.80	65.76	71.26	70.47	91.64	69.75
Receivables Turnover TTM	5.64	5.35	4.31	5.93	5.51	5.66	4.16	5.55	5.12	5.18	3.98	5.23
Per Share Metrics
Diluted EPS TTM	2.87	2.63	2.42	2.46	2.51	2.42	2.26	1.98	1.71	1.56	1.46	1.45
Free Cash Flow Per Share TTM	4.32	3.36	3.00	2.79	2.78	2.58	2.35	2.01	1.87	2.26	2.26	2.64
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	80.20%	80.30%	80.46%	80.87%	81.29%	81.34%	80.56%	79.71%	78.09%	77.13%	76.68%	76.44%
Operating Profit Margin TTM	32.44%	31.10%	30.66%	31.02%	30.87%	31.52%	30.28%	28.27%	26.13%	23.89%	23.40%	23.46%
Net Profit Margin TTM	28.17%	27.49%	27.26%	28.58%	30.60%	30.60%	29.30%	26.79%	23.71%	22.23%	21.64%	22.25%
Growth Metrics
Net Revenue Growth (1Y)	18.77%	15.75%	14.17%	14.78%	14.46%	13.83%	12.27%	10.40%	11.02%	14.20%	20.09%	26.22%
Net Income Growth (1Y)	9.34%	4.00%	6.20%	22.47%	47.73%	56.69%	52.05%	32.93%	23.91%	24.07%	33.89%	55.07%
EPS Growth (1Y)	14.17%	8.15%	7.10%	24.01%	47.41%	55.48%	54.87%	35.75%	27.34%	27.46%	36.09%	56.06%
Valuation Metrics
P/E TTM	53.10	30.89	32.48	33.90	41.72	39.35	41.38	38.78	35.06	43.42	39.70	39.83
P/B TTM	72.61	61.00	48.64	86.41	39.28	37.68	48.35	65.33	159.73	-378.76	-98.34	618.63
P/S TTM	14.96	8.49	8.85	9.69	12.77	12.04	12.13	10.39	8.31	9.65	8.59	8.86
Market Cap	112.62B	60.37B	60.19B	63.52B	80.93B	73.96B	72.22B	59.33B	46.03B	52.08B	45.57B	45.84B
Enterprise Value	110.18B	58.65B	58.69B	62.52B	78.56B	71.35B	70.34B	57.83B	44.82B	51.15B	45.17B	44.65B
Calculated Values
Free Cash Flow TTM	3.17B	2.49B	2.28B	2.11B	2.12B	1.98B	1.80B	1.54B	1.42B	1.72B	1.76B	2.06B
Net Debt	-2.44B	-1.73B	-1.50B	-999.80M	-2.37B	-2.60B	-1.88B	-1.50B	-1.21B	-933.50M	-405.60M	-1.20B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-03Sale

Owner: Xie, Michael

Title: VP, ENGINEERING & CTO

Shares: 3,907

Price/Share: $146.55

Value: $572,570.85

Shares Owned: 9,923,610

Relationship: Director,Officer

Ownership: Direct

2026-06-02Sale

Owner: Xie, Ken

Title: PRESIDENT & CEO

Shares: 160,632

Price/Share: $145.76

Value: $23,413,720.32

Shares Owned: 52,972,372

Relationship: Director,Officer

Ownership: Direct

2026-05-21Sale

Owner: Whittle, John

Title: CHIEF OPERATING OFFICER

Shares: 146,015

Price/Share: $128.81

Value: $18,808,192.15

Shares Owned: 94,724

Relationship: Officer

Ownership: Direct

2026-05-20Sale

Owner: Ohlgart, Christiane

Title: Chief Financial Officer

Shares: 238

Price/Share: $130.00

Value: $30,940.00

Shares Owned: 8,824

Relationship: Officer

Ownership: Direct

2026-05-14Sale

Owner: Ohlgart, Christiane

Title: Chief Financial Officer

Shares: 756

Price/Share: $120.00

Value: $90,720.00

Shares Owned: 9,062

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-03	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	3,907	146.55	$572,570.85	9,923,610	4
2026-06-02	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	160,632	145.76	$23,413,720.32	52,972,372	4
2026-05-21	Whittle, John	Officer	CHIEF OPERATING OFFICER	Direct	Sale	146,015	128.81	$18,808,192.15	94,724	4
2026-05-20	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	238	130.00	$30,940.00	8,824	4
2026-05-14	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	756	120.00	$90,720.00	9,062	4
2026-05-11	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	238	115.00	$27,370.00	9,818	4
2026-05-07	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	756	110.00	$83,160.00	10,056	4
2026-05-05	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	596	89.70	$53,461.20	10,812	4
2026-05-04	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	5,355	88.46	$473,703.30	52,978,004	4
2026-05-04	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	2,478	88.46	$219,203.88	9,927,517	4
2026-02-03	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	507	80.73	$40,930.11	8,247	4
2026-02-02	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	175,737	81.70	$14,357,712.90	51,396,385	4
2026-02-02	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	343,106	81.64	$28,011,173.84	10,210,282	4
2025-11-04	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	110	86.50	$9,515.00	6,724	4
2025-11-03	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	158,485	86.40	$13,693,104.00	51,391,879	4
2025-11-03	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	3,546	86.38	$306,303.48	10,492,018	4
2025-08-05	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	110	98.45	$10,829.50	6,393	4
2025-08-04	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	158,486	98.24	$15,569,664.64	51,391,879	4
2025-08-04	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	476,596	98.25	$46,825,557.00	9,730,560	4
2025-06-06	Neukom, William H.	Director	-	Direct	Purchase	335	104.22	$34,913.70	301,471	4
2025-06-06	Ohlgart, Christiane	Officer	Chief Financial Officer	Direct	Sale	1,164	104.71	$121,882.44	6,062	4
2025-05-02	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	158,488	105.94	$16,790,218.72	51,391,879	4
2025-05-02	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	3,546	105.95	$375,698.70	11,000,068	4
2025-03-12	Goldman, Kenneth A	Director	-	Direct	Sale	2,000	100.00	$200,000.00	18,612	4
2025-03-11	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	326,784	98.16	$32,077,117.44	11,000,068	4
2025-03-10	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	206,000	97.65	$20,115,900.00	51,391,879	4
2025-03-10	Goldman, Kenneth A	Director	-	Direct	Sale	1,000	99.32	$99,320.00	20,612	4
2025-03-06	Neukom, William H.	Director	-	Direct	Purchase	328	106.34	$34,879.52	300,006	4
2025-02-26	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	17,660	109.46	$1,933,063.60	4,736	4
2025-02-19	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	23,500	113.46	$2,666,310.00	4,736	4
2025-02-12	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	22,721	106.54	$2,420,695.34	51,447,879	4
2025-01-15	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	23,044	93.61	$2,157,148.84	49,039,698	4
2024-12-18	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	22,928	95.96	$2,200,170.88	49,002,422	4
2024-12-06	Neukom, William H.	Director	-	Direct	Purchase	355	98.50	$34,967.50	150,245	4
2024-11-26	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	17,650	95.69	$1,688,928.50	4,689	4
2024-11-19	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	4,250	90.92	$386,410.00	4,689	4
2024-11-13	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	22,896	99.14	$2,269,909.44	48,964,933	4
2024-11-08	Whittle, John	Officer	CHIEF OPERATING OFFICER	Direct	Sale	38,495	85.88	$3,305,950.60	50,445	4
2024-11-08	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	56,705	85.96	$4,874,361.80	8,939	4
2024-11-04	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	24,712	78.88	$1,949,282.56	10,827,018	4
2024-10-16	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	23,307	82.17	$1,915,136.19	48,915,530	4
2024-09-18	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	23,538	75.28	$1,771,940.64	48,878,806	4
2024-09-06	Neukom, William H.	Director	-	Direct	Purchase	459	76.18	$34,966.62	148,761	4
2024-08-27	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	11,985	75.68	$907,024.80	4,676	4
2024-08-21	Whittle, John	Officer	CHIEF OPERATING OFFICER	Direct	Sale	103,325	75.21	$7,771,073.25	47,758	4
2024-08-20	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	4,250	75.87	$322,447.50	4,676	4
2024-08-14	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	23,693	72.93	$1,727,930.49	48,842,522	4
2024-08-02	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	24,712	56.34	$1,392,274.08	10,847,018	4
2024-07-16	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	24,246	59.66	$1,446,516.36	48,794,714	4
2024-06-12	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	24,256	60.06	$1,456,815.36	48,759,894	4
2024-06-06	Neukom, William H.	Director	-	Direct	Purchase	586	59.55	$34,896.30	295,778	4
2024-06-05	Jensen, Keith	Officer	Chief Financial Officer	Direct	Sale	39,049	59.22	$2,312,481.78	23,364	4/A
2024-05-15	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	24,230	60.90	$1,475,607.00	48,725,052	4
2024-05-02	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	24,710	64.43	$1,592,065.30	10,867,018	4
2024-04-17	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	24,004	65.20	$1,565,060.80	48,678,310	4
2024-03-13	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	23,699	70.90	$1,680,259.10	48,642,973	4
2024-03-06	Sim, Judith	Director	-	Direct	Sale	20,637	70.62	$1,457,384.94	120,772	4
2024-03-06	Neukom, William H.	Director	-	Direct	Purchase	497	70.30	$34,939.10	294,365	4
2024-02-14	Xie, Ken	Director,Officer	PRESIDENT & CEO	Direct	Sale	46,139	70.31	$3,244,033.09	51,850,832	4
2024-02-12	Whittle, John	Officer	CHIEF OPERATING OFFICER	Direct	Sale	43,745	70.43	$3,080,960.35	42,387	4
2024-02-02	Xie, Michael	Director,Officer	VP, ENGINEERING & CTO	Direct	Sale	38,369	66.69	$2,558,828.61	29,887,018	4
2024-01-10	Xie, Ken	Director,Officer	President & CEO	Direct	Sale	46,892	60.54	$2,838,841.68	51,737,533	4
2023-12-21	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,535	58.22	$438,687.70	25,730	4
2023-12-15	Hsieh, Ming	Director	-	Indirect	Purchase	143	53.57	$7,660.51	143	5
2023-12-13	Xie, Ken	Director,Officer	President & CEO	Direct	Sale	47,306	55.22	$2,612,237.32	48,420,692	4
2023-12-08	Xie, Michael	Director,Officer	VP, Engineering & CTO	Direct	Sale	25,885	51.66	$1,337,219.10	29,907,018	4
2023-12-06	Neukom, William H.	Director	-	Direct	Purchase	664	52.63	$34,946.32	293,041	4
2023-11-24	Jensen, Keith	Officer	CFO & Chief Accounting Officer	Direct	Sale	24,710	53.37	$1,318,772.70	4,586	4
2023-11-21	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,535	51.77	$390,086.95	25,730	4
2023-11-17	Jensen, Keith	Officer	CFO & Chief Accounting Officer	Direct	Sale	5,100	51.00	$260,100.00	4,586	4
2023-11-03	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	8,918	50.26	$448,218.68	25,730	4
2023-10-23	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,535	56.13	$422,939.55	25,730	4
2023-09-21	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,530	59.46	$447,733.80	25,730	4
2023-09-08	Neukom, William H.	Director	-	Direct	Purchase	552	63.28	$34,930.56	291,551	4
2023-08-23	Jensen, Keith	Officer	CFO & Chief Accounting Officer	Direct	Sale	24,715	59.08	$1,460,162.20	4,583	4
2023-08-21	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,535	58.29	$439,215.15	25,730	4
2023-08-18	Jensen, Keith	Officer	CFO & Chief Accounting Officer	Direct	Sale	5,100	57.20	$291,720.00	4,578	4
2023-08-03	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	8,923	75.18	$670,831.14	25,730	4
2023-08-02	Xie, Michael	Director,Officer	VP, Engineering & CTO	Direct	Sale	5,885	75.97	$447,083.45	29,727,018	4
2023-07-21	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,530	78.49	$591,029.70	25,730	4
2023-06-21	Perche, Patrice	Officer	Chief Revenue Off./EVP Supp.	Direct	Sale	7,530	71.43	$537,867.90	25,730	4
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Institutional Ownership

No data available for chart

2026-03-31

51.35%

Inst. Shares: 379,362,928

Shares Outstanding: 738,800,000

2025-12-31

61.26%

Inst. Shares: 464,350,474

Shares Outstanding: 758,000,000

2025-09-30

59.45%

Inst. Shares: 449,128,255

Shares Outstanding: 755,500,000

2025-06-30

62.38%

Inst. Shares: 477,520,498

Shares Outstanding: 765,500,000

2025-03-31

60.01%

Inst. Shares: 461,070,759

Shares Outstanding: 768,300,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	379,362,928	738,800,000	51.35%
2025-12-31	464,350,474	758,000,000	61.26%
2025-09-30	449,128,255	755,500,000	59.45%
2025-06-30	477,520,498	765,500,000	62.38%
2025-03-31	461,070,759	768,300,000	60.01%
2024-12-31	460,174,883	764,400,000	60.20%
2024-09-30	445,004,940	765,000,000	58.17%
2024-06-30	433,211,611	763,800,000	56.72%
2024-03-31	415,014,443	762,400,000	54.44%
2023-12-31	438,594,513	778,600,000	56.33%
2023-09-30	443,715,936	781,200,000	56.80%
2023-06-30	451,943,543	785,000,000	57.57%
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Fortinet, Inc. (FTNT) — SEC Financial Statements & Analysis

Fortinet, Inc. (FTNT) is a computer peripheral equipment, nec company, incorporated in DE. Fortinet, Inc. trades on Nasdaq as: FTNT. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Fortinet, Inc. reported a 18.77% year-over-year revenue growth, a Gross Profit Margin of 80.20% (TTM), a Debt-to-Equity ratio of 6.00x, a Price-to-Sales (P/S) ratio of 14.96x (TTM), a Price-to-Book (P/B) ratio of 72.61x (TTM), at a market cap of $112.62B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 18.77%
Gross Profit Margin TTM: 80.20%
Debt To Equity: 6.00x
P/S TTM: 14.96x
P/B TTM: 72.61x
Market Cap: $112.62B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Fortinet, Inc. in?

Fortinet, Inc. (FTNT) operates in the Computer Peripheral Equipment, NEC industry.

What is FTNT's market cap?

Fortinet, Inc. (FTNT) has a market capitalization of $112.62B as of 2026-06-30.

What is FTNT's P/E ratio?

Fortinet, Inc. (FTNT)'s trailing twelve month P/E ratio is 53.10x as of 2026-06-30.

What exchange does FTNT trade on?

Fortinet, Inc. (FTNT) trades on the Nasdaq.

Where is Fortinet, Inc. incorporated?

Fortinet, Inc. is incorporated in DE.

Fortinet, Inc.

Financial Statements

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Fortinet, Inc. (FTNT) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Computer Peripheral Equipment, NEC

Wall Street's data.
Main Street's price.

Fortinet, Inc. (FTNT) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Computer Peripheral Equipment, NEC

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.