FORTINET, INC. (FTNT) FY2024 Annual P&L / Income Statement

FORTINET, INC. (FTNT) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

Total revenue

5,955,800,000 US dollars

Total cost of revenue

1,157,600,000 US dollars

Total gross profit

4,798,200,000 US dollars

Total operating expenses

2,994,800,000 US dollars

OPERATING INCOME

1,803,400,000 US dollars

Other income (expense), net (calculated)

255,100,000 US dollars

INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENTS

2,058,500,000 US dollars

PROVISION FOR INCOME TAXES

283,900,000 US dollars

NET INCOME INCLUDING NON-CONTROLLING INTERESTS

1,745,200,000 US dollars

Product revenue

1,908,700,000 US dollars

Service revenue

4,047,100,000 US dollars

Product cost of revenue

652,000,000 US dollars

Service cost of revenue

505,600,000 US dollars

Gain on intellectual property matter

negative 4,600,000 US dollars

Research and development

716,800,000 US dollars

Sales and marketing

2,044,800,000 US dollars

General and administrative

237,800,000 US dollars

LOSS FROM EQUITY METHOD INVESTMENTS

negative 29,400,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.