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

- Company: FORTINET, INC. (FTNT)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-08, accession number 0001262039-24-000043
- Page: https://plicit.ai/financials/ftnt/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/ftnt-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service (3 categories)

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.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/ftnt/fy2024-q3-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/ftnt-fy2024-q3-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Product and service (2 categories). Revenue and costs use their disclosed 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 revenue**: 473,900,000 US dollars
- **Service revenue**: 1,034,200,000 US dollars
- **Product cost of revenue**: 136,100,000 US dollars
- **Service cost of revenue**: 127,300,000 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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/ftnt/fy2024-q3-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/ftnt-fy2024-q3-revenue-by-geography-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Geography. 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
- **UNITED STATES**: 455,100,000 US dollars
- **Other Americas**: 168,900,000 US dollars
- **EMEA**: 599,300,000 US dollars
- **Asia Pacific**: 284,800,000 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.