Fortinet, Inc.

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

FTNT$123.57+0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Stockholders’ Equity (Deficit)

	Three Months Ended June 30, 2025
Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Retained Earnings · Total Stockholders’ Equity
Shares	Amount
BALANCE—March 31, 2025	769.2		$0.8	$1,668.7	$(22.9)	$316.3	$1,962.9
Issuance of common stock in connection with equity incentive plans - net of tax withholding	1.0		—	(12.0)	—	—	(12.0)
Repurchase and retirement of common stock	(4.6)		—	(9.1)	—	(392.0)	(401.1)
Excise tax on net stock repurchases	—		—	(0.8)	—	—	(0.8)
Stock-based compensation expense	—		—	69.1	—	—	69.1
Net unrealized loss on investments - net of tax	—		—	—	(0.3)	—	(0.3)
Foreign currency translation adjustment	—		—	—	2.5	—	2.5
Net income	—		—	—	—	440.1	440.1
BALANCE—June 30, 2025	765.6		$0.8	$1,715.9	$(20.7)	$364.4	$2,060.4
	Three Months Ended June 30, 2024
Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Accumulated Deficit · Total Stockholders’ Equity (Deficit)
Shares		Amount
BALANCE—March 31, 2024	763.2		$0.8	$1,448.9	$(24.8)	$(1,562.4)	$(137.5)
Issuance of common stock in connection with equity incentive plans - net of tax withholding	1.0		—	(13.8)	—	—	(13.8)
Stock-based compensation expense	—		—	63.9	—	—	63.9
Foreign currency translation adjustment	—		—	—	(4.2)	—	(4.2)
Net income	—		—	—	—	379.8	379.8
BALANCE—June 30, 2024	764.2		$0.8	$1,499.0	$(29.0)	$(1,182.6)	$288.2

	Six Months Ended June 30, 2025
Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Retained Earnings (Accumulated Deficit) · TotalStockholders’ Equity
Shares	Amount
BALANCE—December 31, 2024	767.0		$0.8	$1,636.2	$(26.1)	$(117.1)	$1,493.8
Issuance of common stock in connection with equity incentive plans - net of tax withholding	3.2		—	(45.6)	—	—	(45.6)
Repurchase and retirement of common stock	(4.6)		—	(9.1)	—	(392.0)	(401.1)
Excise tax on net stock repurchases	—		—	(0.8)	—	—	(0.8)
Stock-based compensation expense	—		—	135.2	—	—	135.2
Net unrealized loss on investments - net of tax	—		—	—	(0.5)	—	(0.5)
Foreign currency translation adjustment	—		—	—	5.9	—	5.9
Net income	—		—	—	—	873.5	873.5
BALANCE—June 30, 2025	765.6		$0.8	$1,715.9	$(20.7)	$364.4	$2,060.4
	Six Months Ended June 30, 2024
Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Accumulated Deficit · TotalStockholders’ Equity (Deficit)
Shares		Amount
BALANCE—December 31, 2023	761.0		$0.8	$1,416.4	$(18.9)	$(1,861.7)	$(463.4)
Issuance of common stock in connection with equity incentive plans - net of tax withholding	3.2		—	(43.6)	—	—	(43.6)
Stock-based compensation expense	—		—	126.2	—	—	126.2
Net unrealized loss on investments - net of tax	—		—	—	(0.7)	—	(0.7)
Foreign currency translation adjustment	—		—	—	(9.4)	—	(9.4)
Net income	—		—	—	—	679.1	679.1
BALANCE—June 30, 2024	764.2		$0.8	$1,499.0	$(29.0)	$(1,182.6)	$288.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.