Fortinet Files Q1 2025 10-Q Report
Ticker: FTNT · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, cybersecurity
TL;DR
**Fortinet Q1 2025 10-Q filed. Financials and segment data out.**
AI Summary
Fortinet, Inc. filed its quarterly report on Form 10-Q for the period ending March 31, 2025. The filing covers the first quarter of 2025, detailing financial performance and business activities. Key financial data and segment information are presented for the reporting period.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Fortinet, crucial for understanding the company's trajectory in the cybersecurity market.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 2025 Q1 — Reporting Period (First quarter of 2025)
- 12/31 — Fiscal Year End (Company's fiscal year closes on December 31st)
Key Players & Entities
- Fortinet, Inc. (company) — Filer of the 10-Q report
- 20250331 (date) — End of the reporting period
- 20250508 (date) — Date of filing
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides Fortinet, Inc.'s financial and operational results for the quarterly period ended March 31, 2025.
What is the filing date for this report?
The filing date for this 10-Q report is May 8, 2025.
What fiscal period does this 10-Q cover?
This 10-Q covers the first quarter of fiscal year 2025, ending on March 31, 2025.
What is Fortinet's standard fiscal year end?
Fortinet's fiscal year ends on December 31st.
What are the main business segments reported by Fortinet?
The filing indicates reporting for 'Product' and 'Service' segments, along with broader 'operating_segment' and 'reportable_segment' classifications.
From the Filing
0001262039-25-000017.txt : 20250508 0001262039-25-000017.hdr.sgml : 20250508 20250508164325 ACCESSION NUMBER: 0001262039-25-000017 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology EIN: 770560389 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 25927007 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-Q 1 ftnt-20250331.htm FORM 10-Q ftnt-20250331 0001262039 false 2025 Q1 12/31 24 P1Y P2Y P3Y P1Y P2Y P3Y 456 424 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure ftnt:business_activity ftnt:segment_manager ftnt:operating_segment ftnt:reportable_segment utr:sqft 0001262039 2025-01-01 2025-03-31 0001262039 2025-05-07 0001262039 2025-03-31 0001262039 2024-12-31 0001262039 us-gaap:ProductMember 2025-01-01 2025-03-31 0001262039 us-gaap:ProductMember 2024-01-01 2024-03-31 0001262039 us-gaap:ServiceMember 2025-01-01 2025-03-31 0001262039 us-gaap:ServiceMember 2024-01-01 2024-03-31 0001262039 2024-01-01 2024-03-31 0001262039 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001262039 us-gaap:CommonStockMember 2024-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001262039 us-gaap:RetainedEarningsMember 2024-12-31 0001262039 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001262039 us-gaap:CommonStockMember 2025-03-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001262039 us-gaap:RetainedEarningsMember 2025-03-31 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 2023-12-31 0001262039 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001262039 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001262039 us-gaap:CommonStockMember 2024-03-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001262039 us-gaap:RetainedEarningsMember 2024-03-31 0001262039 2024-03-31 0001262039 ftnt:SecuritySubscriptionMember 2025-01-01 2025-03-31 0001262039 ftnt:SecuritySubscriptionMember 2024-01-01 2024-03-31 0001262039 ftnt:TechnicalSupportandOtherMember 2025-01-01 2025-03-31 0001262039 ftnt:TechnicalSupportandOtherMember 2024-01-01 2024-03-31 0001262039 2025-04-01 2025-03-31 0001262039 2026-04-01 2025-03-31 0001262039 us-gaap:USTreasuryAndGovernmentMember 2025-03-31 0001262039 us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2025-03-31 0001262039 us-gaap:CorporateDebtSecuritiesMember 2025-03-31 0001262039 ftnt:CertificatesofDepositandTermDepositsMember 2025-03-31 0001262039 us-gaap:USTreasuryAndGovernmentMember 2024-12-31 0001262039 us-gaap:CommercialPaperNotIncludedWithCashAndCashEquivalentsMember 2024-12-31 0001262039 us-gaap:CorporateDebtSecuritiesMember 2024-12-31 0001262039 ftnt:CertificatesofDepositandTermDepositsMember 2024-12-31 0001262039 us-gaap:EstimateOfFairValueFairValueDisclosureMember ft