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

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

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.