What is Fortinet's gross profit?

Fortinet (FTNT) reported gross profit of $1.49B in Q1 2026.

How has Fortinet's gross profit changed year-over-year?

Fortinet's gross profit increased by 19.1% year-over-year, from $1.25B to $1.49B.

What is the long-term trend for Fortinet's gross profit?

Over 4 years (2021 to 2025), Fortinet's gross profit has grown at a 20.9% compound annual growth rate (CAGR), from $2.56B to $5.47B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Fortinet FTNT Gross Profit

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Other financials

Income statement

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Revenue$1.8B+20.1%

Operating income$580.0M+27.8%

Net income$534.5M+23.3%

EPS (diluted)$0.72+28.6%

Balance sheet

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Cash & equivalents$2.2B-38.2%

Total debt$567.2M-47.3%

Total equity$989.7M-49.6%

Total assets$9.9B-5.0%

Cash flow

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Operating cash flow$1.1B+24.8%

CapEx$70.6M+6.2%

Free cash flow$1.0B+26.3%

Valuation

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Market cap$109.85B+43.7%

Enterprise value$108.19B+46.4%

P/E56.2×+15.5×

P/S15.5×+3.0×

Profitability

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Gross margin80.3%-1.0pp

Operating margin31.1%-0.4pp

Net margin27.5%-3.1pp

FCF margin34.3%+0.6pp

Returns & leverage

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Return on equity132.4%—

Debt / equity0.6×0.0×

Current ratio1.2×-0.2×

Where this comes from

Calculated from Fortinet’s reported figures.

$1.8Btotal revenue−$364.5Mtotal cost of revenue=$1.49B

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 gross profit?: Fortinet (FTNT) reported gross profit of $1.49B in Q1 2026.
How has Fortinet's gross profit changed year-over-year?: Fortinet's gross profit increased by 19.1% year-over-year, from $1.25B to $1.49B.
What is the long-term trend for Fortinet's gross profit?: Over 4 years (2021 to 2025), Fortinet's gross profit has grown at a 20.9% compound annual growth rate (CAGR), from $2.56B to $5.47B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.