Fortinet, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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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.
Sep 30, 2025 · Filed Nov 7, 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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Condensed Consolidated Balance Sheets
(unaudited, in millions, except per share amounts)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $1,995.7 | $2,875.9 |
| Short-term investments | 1,127.7 | 1,190.6 |
| Accounts receivable—net | 1,168.3 | 1,463.4 |
| Inventory | 426.6 | 315.5 |
| Prepaid expenses and other current assets | 195.2 | 126.1 |
| Total current assets | 4,913.5 | 5,971.5 |
| LONG-TERM INVESTMENTS | 289.1 | — |
| PROPERTY AND EQUIPMENT—NET | 1,605.2 | 1,349.5 |
| DEFERRED CONTRACT COSTS | 682.2 | 622.9 |
| DEFERRED TAX ASSETS | 1,367.8 | 1,335.6 |
| GOODWILL | 258.3 | 235.4 |
| OTHER INTANGIBLE ASSETS—NET | 110.2 | 115.0 |
| OTHER ASSETS | 135.0 | 133.2 |
| TOTAL ASSETS | $9,361.3 | $9,763.1 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $221.3 | $190.9 |
| Accrued liabilities | 330.6 | 337.9 |
| Accrued payroll and compensation | 274.3 | 255.7 |
| Current portion of long-term debt | 499.4 | — |
| Deferred revenue | 3,460.5 | 3,276.2 |
| Total current liabilities | 4,786.1 | 4,060.7 |
| DEFERRED REVENUE | 3,189.9 | 3,084.7 |
| LONG-TERM DEBT | 496.5 | 994.3 |
| OTHER LIABILITIES | 153.7 | 129.6 |
| Total liabilities | 8,626.2 | 8,269.3 |
| COMMITMENTS AND CONTINGENCIES (Note 10) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock, $0.001 par value—1,500.0 shares authorized; 742.9 and 767.0 shares issued and outstanding on September 30, 2025 and December 31, 2024, respectively | 0.7 | 0.8 |
| Additional paid-in capital | 1,714.7 | 1,636.2 |
| Accumulated other comprehensive loss | (21.8) | (26.1) |
| Accumulated deficit | (958.5) | (117.1) |
| Total stockholders’ equity | 735.1 | 1,493.8 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $9,361.3 | $9,763.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.