FORTINET, INC. (FTNT) FY2024 Q3 P&L / Income Statement

FORTINET, INC. (FTNT) FY2024 Q3 P&L / Income Statement

Income statement for 2024-07-01 through 2024-09-30. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue

1,508,100,000 US dollars

Total cost of revenue

263,400,000 US dollars

Total gross profit

1,244,700,000 US dollars

Total operating expenses

773,800,000 US dollars

OPERATING INCOME

470,900,000 US dollars

Other income (expense), net (calculated)

155,500,000 US dollars

INCOME BEFORE INCOME TAXES AND LOSS FROM EQUITY METHOD INVESTMENTS

626,400,000 US dollars

PROVISION FOR (BENEFIT FROM) INCOME TAXES

81,200,000 US dollars

NET INCOME

539,900,000 US dollars

Product

473,900,000 US dollars

Security subscription

595,800,000 US dollars

Technical support and other

438,400,000 US dollars

Research and development

187,300,000 US dollars

Sales and marketing

515,900,000 US dollars

General and administrative

71,700,000 US dollars

Gain on intellectual property matter

negative 1,100,000 US dollars

LOSS FROM EQUITY METHOD INVESTMENTS

negative 5,300,000 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.