Fortinet, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
FTNT$123.57+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’Equity (Deficit)
| Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensive Loss · Accumulated Deficit · Total Stockholders’ Equity (Deficit) | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | |||||
| BALANCE—December 31, 2022 | 781.5 | $0.8 | $1,284.2 | $(20.2) | $(1,546.4) | $(281.6) |
| Issuance of common stock in connection with equity incentive plans - net of tax withholding | 6.7 | — | (68.5) | — | — | (68.5) |
| Repurchase and retirement of common stock | (27.2) | — | (37.4) | — | (1,463.1) | (1,500.5) |
| Excise tax on net stock repurchases | — | — | (10.9) | — | — | (10.9) |
| Stock-based compensation expense | — | — | 249.0 | — | — | 249.0 |
| Net unrealized gain on investments - net of tax | — | — | — | 6.8 | — | 6.8 |
| Foreign currency translation adjustment | — | — | — | (5.5) | — | (5.5) |
| Net income | — | — | — | — | 1,147.8 | 1,147.8 |
| 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 | 6.0 | — | (38.1) | — | — | (38.1) |
| Repurchase and retirement of common stock | — | — | — | — | (0.6) | (0.6) |
| Stock-based compensation expense | — | — | 257.9 | — | — | 257.9 |
| Net unrealized gain on investments - net of tax | — | — | — | 0.3 | — | 0.3 |
| Foreign currency translation adjustment | — | — | — | (7.5) | — | (7.5) |
| Net income | — | — | — | — | 1,745.2 | 1,745.2 |
| 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 | 4.7 | — | (81.8) | — | — | (81.8) |
| Repurchase and retirement of common stock | (28.7) | (0.1) | (45.5) | — | (2,244.2) | (2,289.8) |
| Excise tax on net stock repurchases | — | — | (18.3) | — | — | (18.3) |
| Stock-based compensation expense | — | — | 279.5 | — | — | 279.5 |
| Net unrealized gain on investments - net of tax | — | — | — | 0.7 | — | 0.7 |
| Net income | — | — | — | — | 1,853.4 | 1,853.4 |
| BALANCE—December 31, 2025 | 743.0 | $0.7 | $1,770.1 | $(25.4) | $(507.9) | $1,237.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.