Fortinet Balance Sheet
FTNT / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Shows total assets, cash and equivalents, receivables, property and equipment, total debt, and shareholders' equity across 15 fiscal years. All figures from audited SEC 10-K filings.
Fortinet had $10.4B in total assets and $1.2B in shareholders' equity as of FY2025. Total debt was $497M against $2.5B in cash, resulting in a $2.0B net cash position.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 28.6%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 254.9%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.5B | $2.9B | $1.4B | $1.7B | $1.3B | $1.1B | $1.2B | $1.1B | $811.0M | $709.0M | $543.3M | $283.3M | $115.9M | $66.9M | $72.0M |
| Accounts Receivable | $1.7B | $1.5B | $1.4B | $1.3B | $807.7M | $720.0M | $544.3M | $444.5M | $348.2M | $313.0M | $259.6M | $184.7M | $130.5M | $107.6M | $95.5M |
| Inventory | $399.5M | $315.5M | $484.8M | $264.6M | $175.8M | $139.8M | $117.9M | $90.0M | $77.3M | $106.9M | $83.9M | $69.5M | $48.7M | $21.1M | $16.2M |
| Current Assets | $5.9B | $6.0B | $4.4B | $3.8B | $3.6B | $2.7B | $2.8B | $2.2B | $1.7B | $1.5B | $1.3B | $1.0B | $735.5M | $569.3M | $523.6M |
| PP&E (Net) | $1.6B | $1.3B | $1.0B | $898.5M | $687.6M | $448.0M | $344.3M | $271.4M | $245.4M | $137.2M | $91.1M | $58.9M | $36.7M | $25.6M | $8.0M |
| Goodwill | $257.4M | $235.4M | $126.5M | $128.0M | $125.1M | $93.0M | $67.2M | $38.2M | $14.6M | $14.6M | $4.7M | $2.8M | $2.9M | - | - |
| Total Assets | $10.4B | $9.8B | $6.2B | $6.2B | $5.9B | $4.0B | $3.9B | $3.1B | $2.3B | $2.1B | $1.8B | $1.4B | $1.2B | $975.5M | $734.7M |
| Current Liabilities | $5.0B | $4.1B | $3.7B | $3.1B | $2.3B | $1.8B | $1.5B | $1.3B | $1.0B | $829.4M | $678.7M | $496.5M | $413.1M | $319.3M | $266.9M |
| Total Debt | $496.6M | $994.3M | $992.3M | $990.4M | $988.4M | $0 | - | - | - | - | - | - | - | - | - |
| Shareholders' Equity | $1.2B | $1.5B | -$281.6M | -$281.6M | $781.7M | $856.0M | $1.3B | $1.0B | $602.0M | $837.7M | $755.4M | $676.0M | $585.8M | $232.5M | $358.4M |