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 Statements of Stockholders’ Equity (Deficit)
| Three Months Ended September 30, 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Retained Earnings (Accumulated Deficit) · Total Stockholders’ Equity | |||||||
| Shares | Amount | ||||||
| BALANCE—June 30, 2025 | 765.6 | $0.8 | $1,715.9 | $(20.7) | $364.4 | $2,060.4 | |
| Issuance of common stock in connection with equity incentive plans - net of tax withholding | 0.6 | — | (20.7) | — | — | (20.7) | |
| Repurchase and retirement of common stock | (23.3) | (0.1) | (34.6) | — | (1,796.8) | (1,831.5) | |
| Excise tax on net stock repurchases | — | — | (17.7) | — | — | (17.7) | |
| Stock-based compensation expense | — | — | 71.8 | — | — | 71.8 | |
| Net unrealized gain on investments - net of tax | — | — | — | 0.8 | — | 0.8 | |
| Foreign currency translation adjustment | — | — | — | (1.9) | — | (1.9) | |
| Net income | — | — | — | — | 473.9 | 473.9 | |
| BALANCE—September 30, 2025 | 742.9 | $0.7 | $1,714.7 | $(21.8) | $(958.5) | $735.1 | |
| Three Months Ended September 30, 2024 | |||||||
| Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Accumulated Deficit · Total Stockholders’ Equity | |||||||
| Shares | Amount | ||||||
| BALANCE—June 30, 2024 | 764.2 | $0.8 | $1,499.0 | $(29.0) | $(1,182.6) | $288.2 | |
| Issuance of common stock in connection with equity incentive plans - net of tax withholding | 1.5 | — | 3.7 | — | — | 3.7 | |
| Repurchase and retirement of common stock | — | — | — | — | (0.6) | (0.6) | |
| Stock-based compensation expense | — | — | 65.9 | — | — | 65.9 | |
| Net unrealized gain on investments - net of tax | — | — | — | 1.9 | — | 1.9 | |
| Foreign currency translation adjustment | — | — | — | 9.1 | — | 9.1 | |
| Net income | — | — | — | — | 539.9 | 539.9 | |
| BALANCE—September 30, 2024 | 765.7 | $0.8 | $1,568.6 | $(18.0) | $(643.3) | $908.1 | |
| Nine Months Ended September 30, 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · 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 | 3.8 | — | (66.3) | — | — | (66.3) | |
| Repurchase and retirement of common stock | (27.9) | (0.1) | (43.7) | — | (2,188.8) | (2,232.6) | |
| Excise tax on net stock repurchases | — | — | (18.5) | — | — | (18.5) | |
| Stock-based compensation expense | — | — | 207.0 | — | — | 207.0 | |
| Net unrealized gain on investments - net of tax | — | — | — | 0.3 | — | 0.3 | |
| Foreign currency translation adjustment | — | — | — | 4.0 | — | 4.0 | |
| Net income | — | — | — | — | 1,347.4 | 1,347.4 | |
| BALANCE—September 30, 2025 | 742.9 | $0.7 | $1,714.7 | $(21.8) | $(958.5) | $735.1 | |
| Nine Months Ended September 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 | 4.7 | — | (39.9) | — | — | (39.9) | |
| Repurchase and retirement of common stock | — | — | — | — | (0.6) | (0.6) | |
| Stock-based compensation expense | — | — | 192.1 | — | — | 192.1 | |
| Net unrealized gain on investments - net of tax | — | — | — | 1.2 | — | 1.2 | |
| Foreign currency translation adjustment | — | — | — | (0.3) | — | (0.3) | |
| Net income | — | — | — | — | 1,219.0 | 1,219.0 | |
| BALANCE—September 30, 2024 | 765.7 | $0.8 | $1,568.6 | $(18.0) | $(643.3) | $908.1 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.