When did Fortinet report Q4 2025 earnings?

Fortinet (FTNT) reported Q4 2025 earnings on February 5, 2026 after market close.

What were Fortinet's Q4 2025 revenue and EPS?

Fortinet reported revenue of $1.9B and diluted EPS of $0.81 for Q4 2025.

Did Fortinet beat estimates in Q4 2025?

Revenue beat the consensus estimate of $1.9B by $45.3M. EPS beat the consensus estimate of $0.74 by $0.07.

How did Fortinet's Q4 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 14.8% from $1.7B a year earlier and diluted EPS grew 9.5% from $0.74.

Where can I find Fortinet's Q4 2025 SEC filings?

You can read the 8-K earnings release (0001262039-26-000003) and the 10-K periodic report (0001262039-26-000007) directly on SEC EDGAR. The filing index links above go to sec.gov.

Fortinet FTNT Q4 2025 Annual earnings

Reported February 5, 2026 · After market close

Revenue$1.9BBeat by $45.3M Diluted EPS$0.81Beat by $0.07

Revenue estimate$1.9B

EPS estimate$0.74

Next report

Aug 5, 2026 (in a month)

Revenue estimate$1.9B

EPS estimate$0.74

Financials

Q4 2025

Income statement

See full

Revenue$1.9B+14.8%

Gross profit$1.5B+12.6%

Operating income$625.6M+9.0%

Net income$506.0M-3.8%

EPS (diluted)$0.67-1.5%

Balance sheet

See full

Cash & equivalents$2.5B-13.2%

Total debt$1.1B-1.1%

Total equity$1.2B-17.2%

Total assets$10.4B+6.4%

Cash flow

See full

Operating cash flow$620.2M+29.9%

CapEx$42.8M-56.1%

Free cash flow$577.4M+51.9%

Valuation & ratios

Valuation

as of 12/31/25

See full

Market cap$59.05B-18.5%

Enterprise value$57.62B-18.4%

P/E31.9×-9.6×

P/S8.7×-3.5×

Profitability

See full

Gross margin80.5%-0.1pp

Operating margin30.7%+0.4pp

Net margin27.3%-2.0pp

FCF margin32.7%+1.2pp

Returns & leverage

See full

Return on equity135.7%—

Debt / equity0.9×+0.1×

Current ratio1.2×-0.3×

Segments

By geography

See full

EMEA$708.6M—

APAC$316.2M—

Other Americas$216.8M+17.3%

By product

See full

Security subscription$693.7M+10.9%

Technical support and other$520.2M+12.9%

By segment

See full

Reportable Segment$1.9B+14.8%

Versus estimates

Revenue

Q1 2026$1.8BBeat by $116.4M

Q4 2025$1.9BBeat by $45.3M

Q3 2025$1.7BBeat by $20.6M Q2 2025$1.6BBeat by $4.9M Q1 2025$1.5BBeat by $1.2M Q4 2024$1.7BBeat by $67.5M

Diluted EPS

Q1 2026$0.82Beat by $0.20

Q4 2025$0.81Beat by $0.07

Q3 2025$0.74Beat by $0.11 Q2 2025$0.64Beat by $0.05 Q1 2025$0.58Beat by $0.05 Q4 2024$0.74Beat by $0.14

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Questions, answered.

When did Fortinet report Q4 2025 earnings?: Fortinet (FTNT) reported Q4 2025 earnings on February 5, 2026 after market close.
What were Fortinet's Q4 2025 revenue and EPS?: Fortinet reported revenue of $1.9B and diluted EPS of $0.81 for Q4 2025.
Did Fortinet beat estimates in Q4 2025?: Revenue beat the consensus estimate of $1.9B by $45.3M. EPS beat the consensus estimate of $0.74 by $0.07.
How did Fortinet's Q4 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 14.8% from $1.7B a year earlier and diluted EPS grew 9.5% from $0.74.
Where can I find Fortinet's Q4 2025 SEC filings?: You can read the 8-K earnings release (0001262039-26-000003) and the 10-K periodic report (0001262039-26-000007) directly on SEC EDGAR. The filing index links above go to sec.gov.