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Fortinet FTNT United States — Total Revenue

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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$112.26B+44.2%
Enterprise value$109.82B+45.3%
P/E52.9×+12.8×
P/S14.9×+2.6×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's united states — total revenue?
Fortinet (FTNT) reported united states — total revenue of $526.5M in Q1 2026.
How has Fortinet's united states — total revenue changed year-over-year?
Fortinet's united states — total revenue increased by 15.6% year-over-year, from $455.4M to $526.5M.
What is the long-term trend for Fortinet's united states — total revenue?
Over 4 years (2021 to 2025), Fortinet's united states — total revenue has grown at a 17.7% compound annual growth rate (CAGR), from $1.01B to $1.93B.
What does united states — total revenue mean?
This metric represents the total gross income generated from all products and services sold within the United States geographic region. It serves as a key indicator of the company's market penetration and demand strength in its primary domestic market. Tracking this figure allows investors to assess regional growth trends and the effectiveness of local sales and marketing strategies.