# FORTINET, INC. (FTNT) FY2025 Q1 P&L / Income Statement

- Company: FORTINET, INC. (FTNT)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-08, accession number 0001262039-25-000017
- Page: https://plicit.ai/financials/ftnt/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/ftnt-fy2025-q1-income-statement-sankey.png

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

Income statement for 2025-01-01 through 2025-03-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 1,539,700,000 US dollars
- **Total cost of revenue**: 293,100,000 US dollars
- **Total gross profit**: 1,246,600,000 US dollars
- **Total operating expenses**: 792,800,000 US dollars
- **OPERATING INCOME**: 453,800,000 US dollars
- **Other income (expense), net (calculated)**: 65,500,000 US dollars
- **INCOME BEFORE INCOME TAXES AND GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS**: 519,300,000 US dollars
- **PROVISION FOR INCOME TAXES**: 96,500,000 US dollars
- **NET INCOME**: 433,400,000 US dollars
- **Product**: 459,100,000 US dollars
- **Security subscription**: 623,100,000 US dollars
- **Technical support and other**: 457,500,000 US dollars
- **Research and development**: 198,600,000 US dollars
- **Sales and marketing**: 542,700,000 US dollars
- **General and administrative**: 57,800,000 US dollars
- **Gain on intellectual property matters**: negative 6,300,000 US dollars
- **GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS**: 10,600,000 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/fy2025-q1-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/ftnt-fy2025-q1-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenue**: 1,539,700,000 US dollars
- **Total cost of revenue**: 293,100,000 US dollars
- **Total gross profit**: 1,246,600,000 US dollars
- **Total operating expenses**: 792,800,000 US dollars
- **OPERATING INCOME**: 453,800,000 US dollars
- **Other income (expense), net (calculated)**: 65,500,000 US dollars
- **INCOME BEFORE INCOME TAXES AND GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS**: 519,300,000 US dollars
- **PROVISION FOR INCOME TAXES**: 96,500,000 US dollars
- **NET INCOME**: 433,400,000 US dollars
- **Product revenue**: 459,100,000 US dollars
- **Service revenue**: 1,080,600,000 US dollars
- **Product cost of revenue**: 149,900,000 US dollars
- **Service cost of revenue**: 143,200,000 US dollars
- **Research and development**: 198,600,000 US dollars
- **Sales and marketing**: 542,700,000 US dollars
- **General and administrative**: 57,800,000 US dollars
- **Gain on intellectual property matters**: negative 6,300,000 US dollars
- **GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS**: 10,600,000 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/fy2025-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/ftnt-fy2025-q1-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 1,539,700,000 US dollars
- **Total cost of revenue**: 293,100,000 US dollars
- **Total gross profit**: 1,246,600,000 US dollars
- **Total operating expenses**: 792,800,000 US dollars
- **OPERATING INCOME**: 453,800,000 US dollars
- **Other income (expense), net (calculated)**: 65,500,000 US dollars
- **INCOME BEFORE INCOME TAXES AND GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS**: 519,300,000 US dollars
- **PROVISION FOR INCOME TAXES**: 96,500,000 US dollars
- **NET INCOME**: 433,400,000 US dollars
- **UNITED STATES**: 455,400,000 US dollars
- **Other Americas**: 174,400,000 US dollars
- **EMEA**: 628,400,000 US dollars
- **Asia Pacific**: 281,500,000 US dollars
- **Research and development**: 198,600,000 US dollars
- **Sales and marketing**: 542,700,000 US dollars
- **General and administrative**: 57,800,000 US dollars
- **Gain on intellectual property matters**: negative 6,300,000 US dollars
- **GAIN (LOSS) FROM EQUITY METHOD INVESTMENTS**: 10,600,000 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.