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Income Statement (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Revenue | 1.72B | 5.8% |
| Gross Profit | 1.41B | 5.9% |
| Cost of Revenue | 319M | 5.6% |
| Operating expense | 860M | 1.3% |
| Net Income | 474M | 7.7% |
| EBITDA | 601M | 7.2% |
Balance Sheet (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Total Assets | 9.36B | 12% |
| Total Liabilities | 8.63B | 0.5% |
| Total Equity | 735M | 64.3% |
| Shares Outstanding | 770M | 0.6% |
Cash Flow (USD)
| Q3 '25 | QoQ | |
|---|---|---|
| Cash from operations | 655M | 45% |
| Cash from investing | -176M | 34% |
| Cash from financing | -1.85B | 347.1% |
EPS
Financial Highlights for Fortinet in Q3 '25
Fortinet reported a revenue of 1.72B, which is a 5.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.41B, marking a 5.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 319M, a 5.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 860M, showing a -1.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 474M, showing a 7.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 601M, showing a 7.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Fortinet with growth in revenue, gross profit, and net income.
