Stock Analysis on Net
Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 8, 2023.

Common-Size Income Statement
Quarterly Data

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Fortinet Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Product
Service
Revenue
Product
Service
Cost of revenue
Gross profit
Research and development
Sales and marketing
General and administrative
Gain on intellectual property matter
Operating expenses
Operating income
Interest income
Interest expense
Other income (expense), net
Income before income taxes and loss from equity method investment
(Provision for) benefit from income taxes
Loss from equity method investment
Net income including non-controlling interests
Net (income) loss attributable to non-controlling interests, net of tax
Net income attributable to Fortinet, Inc.

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Fortinet Inc. operating income as a percentage of revenue increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.
Income before income taxes and loss from equity method investment Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Fortinet Inc. income before income taxes and loss from equity method investment as a percentage of revenue increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
Net income attributable to Fortinet, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Fortinet Inc. net income attributable to Fortinet, Inc. as a percentage of revenue increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.