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Fortinet FTNT Sunnyvale, California — Area of real estate property

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Other financials

Income statement

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Revenue$2.0B+25.6%
Gross profit$1.6B+24.9%
Operating income$689.3M+50.5%
Net income$606.3M+37.8%
EPS (diluted)$0.82+43.9%

Balance sheet

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Cash & equivalents$2.9B-12.9%
Total debt$496.9M-54.4%
Total equity$1.6B-24.7%
Total assets$10.9B+2.0%

Cash flow

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Operating cash flow$1.0B+131%
CapEx$78.0M-53.5%
Free cash flow$965.6M+240%

Valuation

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Market cap$117.13B+105%
Enterprise value$114.69B+109%
P/E55.2×+25.8×
P/S15.6×+6.5×

Profitability

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Gross margin80.2%-1.1pp
Operating margin32.4%+1.6pp
Net margin28.2%-2.4pp
FCF margin41.4%+9.3pp

Returns & leverage

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Return on equity117.4%-47.7pp
Debt / equity0.3×-0.2×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:AreaOfRealEstateProperty.

The source filing: Fortinet’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2026
Accession
0001262039-26-000007

In January 2026, we signed a definitive agreement to purchase real property in Sunnyvale, California, totaling approximately 5.3 acres for $47.0 million in cash, excluding acquisition costs.

ITEM 8. Financial Statements and Supplementary Data

FAQ

What is Fortinet's sunnyvale, california — area of real estate property?
Fortinet (FTNT) reported sunnyvale, california — area of real estate property of $5.3 in Q1 2026.
What does sunnyvale, california — area of real estate property mean?
This metric represents the total physical square footage of real estate assets owned or leased by the company within the Sunnyvale, California geographic region. It serves as a proxy for the company's operational footprint and infrastructure capacity in its primary corporate hub. Tracking this area helps investors understand the scale of the company's physical presence and potential for future headcount or operational expansion.

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