Fortinet Q2 FY25: where the revenue came from and where it went
The whole income statement of Fortinet for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 8, 2025
Revenue$1.63B
+14% year over year
Gross profit$1.32B
81% margin
Operating profit$0.46B
28% margin
Net profit$0.44B
27% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.63 | 100% | +14% |
| Security subscription | 0.64 | 40% | +15% |
| Product | 0.51 | 31% | +13% |
| Technical support & other | 0.48 | 29% | +13% |
| Cost of revenue | −0.32 | 19% | |
| Gross profit | 1.32 | 81% margin | +0pp |
| R&D | −0.21 | 13% | +1pp |
| Sales & marketing | −0.59 | 36% | +1pp |
| G&A | −0.06 | 4% | +0pp |
| Operating profit | 0.46 | 28% margin | −2pp |
| Other income, net | 0.06 | ||
| Tax | −0.08 | ||
| Net profit | 0.44 | 27% margin | +1pp |
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