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FTNT
Fortinet Inc.Stock · Technology
$156.25−$2.73 (-1.72%)as of market close, Jul 2, 2026
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How Fortinet makes money

Fiscal year

How does Fortinet make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Fortinet Inc. · FY2025 · year ended 2025-12-31
Revenue$6.8BGross profit$5.5B · 80%Cost of revenue$1.3B · 20%Operating income$2.1B · 31%Operating expenses$3.4B · 50%R&D$816M · 12%SG&A$233M · 3%Selling & marketing$2.3B · 35%Pre-tax income$2.3B · 34%Other income$208M · 3%Net income$1.9B · 27%Income tax$439M · 6%Security Subscription$2.6B · 39%Product$2.2B · 33%Technical Support & Other$1.9B · 29%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.