What is Fortinet's shares (basic)?

Fortinet (FTNT) reported shares (basic) of 738.8M in Q1 2026.

How has Fortinet's shares (basic) changed year-over-year?

Fortinet's shares (basic) decreased by 3.8% year-over-year, from 768.3M to 738.8M.

What is the long-term trend for Fortinet's shares (basic)?

Over 4 years (2021 to 2025), Fortinet's shares (basic) has grown at a 3.9% compound annual growth rate (CAGR), from 2.6B to 3B.

What does shares (basic) mean?

The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.

Fortinet FTNT Shares (Basic)

Shares (Basic) at other companies

MicrosoftMSFT

7.4B-0.1%

Cisco Systems, Inc.CSCO

4B-0.5%

F5, Inc.FFIV

56.7M-2.0%

Netscout SystemsNTCT

72M+0.5%

Extreme NetworksEXTR

132.9M0.0%

NetgearNTGR

28M-2.6%

Other financials

Income statement

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Revenue$1.8B+20.1%

Gross profit$1.5B+19.1%

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

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfSharesOutstandingBasic.

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 shares (basic)?: Fortinet (FTNT) reported shares (basic) of 738.8M in Q1 2026.
How has Fortinet's shares (basic) changed year-over-year?: Fortinet's shares (basic) decreased by 3.8% year-over-year, from 768.3M to 738.8M.
What is the long-term trend for Fortinet's shares (basic)?: Over 4 years (2021 to 2025), Fortinet's shares (basic) has grown at a 3.9% compound annual growth rate (CAGR), from 2.6B to 3B.
What does shares (basic) mean?: The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.