Fortinet Files 2024 10-K, Reports Full Year Financials
Ticker: FTNT · Form: 10-K · Filed: 2025-02-21T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Fortinet's 2024 10-K is in! Full year financials for 2024, 2023, 2022 are out. Check it.
AI Summary
Fortinet, Inc. filed its 2024 10-K on February 21, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The filing details the company's operations in computer peripheral equipment and related services. Key financial data and operational segments are presented for the fiscal years 2024, 2023, and 2022.
Why It Matters
This 10-K filing provides investors and analysts with a comprehensive overview of Fortinet's financial health and business performance for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — 10-K filings are standard disclosures for public companies, but the specific financial details and forward-looking statements within can carry inherent investment risks.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 2023 — Fiscal Year (Comparative reporting period)
- 2022 — Fiscal Year (Comparative reporting period)
Key Players & Entities
- Fortinet, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-21 (date) — Filing date
- 909 KIFER ROAD, SUNNYVALE, CA 94086 (location) — Company business and mail address
- 408-235-7700 (phone_number) — Company business phone
FAQ
What was Fortinet's total revenue for the fiscal year ending December 31, 2024?
The filing indicates revenue data for the fiscal year 2024, but specific dollar amounts are not provided in this header information.
What is Fortinet's primary business segment as detailed in the 10-K?
Fortinet's primary business segments include 'Product' and 'Service', as indicated by the XBRL data.
When was Fortinet, Inc. previously known by another name?
Fortinet, Inc. was formerly known as FORTINET INC, with a date of name change on 20030902.
What is the SIC code for Fortinet, Inc.?
The Standard Industrial Classification (SIC) code for Fortinet, Inc. is 3577, categorized as COMPUTER PERIPHERAL EQUIPMENT, NEC.
What is the SEC file number assigned to Fortinet's 10-K filing?
The SEC file number for this 10-K filing is 001-34511.
From the Filing
0001262039-25-000011.txt : 20250221 0001262039-25-000011.hdr.sgml : 20250221 20250221172520 ACCESSION NUMBER: 0001262039-25-000011 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 129 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770560389 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 25653318 BUSINESS ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 10-K 1 ftnt-20241231.htm FORM 10-K ftnt-20241231 0001262039 false 2024 FY P1Y P1Y http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent P1Y P2Y P3Y P1Y P2Y P3Y 452 456 513 512 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure ftnt:investment ftnt:reporting_unit ftnt:plan ftnt:segment ftnt:segment_manager utr:sqft 0001262039 2024-01-01 2024-12-31 0001262039 2024-06-30 0001262039 2025-02-18 0001262039 2024-12-31 0001262039 2023-12-31 0001262039 us-gaap:ProductMember 2024-01-01 2024-12-31 0001262039 us-gaap:ProductMember 2023-01-01 2023-12-31 0001262039 us-gaap:ProductMember 2022-01-01 2022-12-31 0001262039 us-gaap:ServiceMember 2024-01-01 2024-12-31 0001262039 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001262039 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001262039 2023-01-01 2023-12-31 0001262039 2022-01-01 2022-12-31 0001262039 us-gaap:CommonStockMember 2021-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001262039 us-gaap:RetainedEarningsMember 2021-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2021-12-31 0001262039 2021-12-31 0001262039 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001262039 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001262039 us-gaap:CommonStockMember 2022-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001262039 us-gaap:RetainedEarningsMember 2022-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2022-12-31 0001262039 2022-12-31 0001262039 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001262039 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001262039 us-gaap:CommonStockMember 2023-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001262039 us-gaap:RetainedEarningsMember 2023-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2023-12-31 0001262039 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001262039 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0001262039 us-gaap:CommonStockMember 2024-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-