FINHUB Insights

FTNT · Q1 FY25 · Jan 1 – Mar 31, 2025

Fortinet Q1 FY25: where the revenue came from and where it went

Fortinet Q1 FY25: revenue $1.5B (+14% year over year). Net profit $0.4B. Largest cohort Security Subscription $0.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
May 8, 2025 10-Q
Sankey diagram of Fortinet's income statement for Q1 FY25: revenue of $1.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.5B +14% year over year
Gross profit$1.2B 81% margin
Operating profit$0.5B 29% margin
Net profit$0.4B 28% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 1.5 100% +14%
Security Subscription 0.6 40% +16%
Product 0.5 33% +12%
Technical Support and Other 0.5 33% +12%
Cost of revenue−0.320%
Gross profit1.281% margin+3pp
Research & development−0.213%+0pp
Sales & marketing−0.535%−2pp
G&A−0.14%+0pp
Operating profit0.529% margin+6pp
Tax−0.2
Net profit0.428%+6pp
Filing on EDGAR More quarters of FTNT

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters