FORTINET, INC. (FTNT) FY2025 Annual Balance Sheet

FORTINET, INC. (FTNT) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

10,389,200,000 US dollars

Current assets

5,900,200,000 US dollars

Non-current assets

4,489,000,000 US dollars

Liabilities

9,151,700,000 US dollars

Current liabilities

5,034,000,000 US dollars

Non-current liabilities

4,117,700,000 US dollars

Equity

1,237,500,000 US dollars

Cash and cash equivalents

2,495,300,000 US dollars

Accounts receivable—Net of allowance for credit losses of $7.4 million and $5.9 million at December 31, 2025 and 2024, respectively

1,691,200,000 US dollars

Short-term investments

1,087,200,000 US dollars

Inventory

399,500,000 US dollars

Prepaid expenses and other current assets

227,000,000 US dollars

PROPERTY AND EQUIPMENT—NET

1,619,000,000 US dollars

DEFERRED TAX ASSETS

1,314,900,000 US dollars

DEFERRED CONTRACT COSTS

735,500,000 US dollars

LONG-TERM INVESTMENTS

339,700,000 US dollars

GOODWILL

257,400,000 US dollars

OTHER ASSETS

125,200,000 US dollars

OTHER INTANGIBLE ASSETS—NET

97,300,000 US dollars

Deferred revenue

3,636,000,000 US dollars

Current portion of long-term debt

499,700,000 US dollars

Accrued liabilities

354,600,000 US dollars

Accrued payroll and compensation

312,900,000 US dollars

Accounts payable

230,800,000 US dollars

DEFERRED REVENUE

3,479,800,000 US dollars

LONG-TERM DEBT

496,600,000 US dollars

OTHER LIABILITIES

141,300,000 US dollars

Additional paid-in capital

1,770,100,000 US dollars

Common stock, $0.001 par value—1,500.0 shares authorized; 743.0 shares and 767.0 shares issued and outstanding at December 31, 2025 and 2024, respectively

700,000 US dollars

Accumulated deficit

negative 507,900,000 US dollars

Accumulated other comprehensive loss

negative 25,400,000 US dollars

Gross equity (calculated)

1,770,800,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.