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Stock research / United States / FTNT · Computer Peripheral Equipment, Nec · Nasdaq

Fortinet, Inc. (FTNT)

Fortinet sells cybersecurity products built around the convergence of networking and security. Its platform, the Fortinet Security Fabric, spans secure networking, unified secure access service edge and AI-driven security operations, with over 50 products across those three pillars. At 31 December 2025 end-customers sat in over 100 countries and included enterprises in financial services, retail, healthcare and operational technology, communication and security service providers, and government organisations. The company is headquartered in Sunnyvale, California, with research and development centred in the United States and Canada, and it held 1,064 United States patents and 1,405 patents globally, 321 of them AI-related.

Fortinet, Inc.

Fortinet sells cybersecurity products built around the convergence of networking and security. Its platform, the Fortinet Security Fabric, spans secure networking, unified secure access service edge and AI-driven security operations, with over 50 products across those three pillars. At 31 December 2025 end-customers sat in over 100 countries and included enterprises in financial services, retail, healthcare and operational technology, communication and security service providers, and government organisations. The company is headquartered in Sunnyvale, California, with research and development centred in the United States and Canada, and it held 1,064 United States patents and 1,405 patents globally, 321 of them AI-related.

The core technologies

FortiOS is the operating system underneath the platform, enforcing consistent policy across form factors and edges, unifying management and analytics, and carrying encryption including quantum-resistant cryptography. FortiASIC security processing units raise the speed, scale and efficiency of the appliances while cutting footprint and power. FortiCloud is the company's own global cloud infrastructure and private-cloud software as a service platform, powered by FortiStack. FortiAI works on two sides: FortiAI-Assist uses generative and agentic AI to support network and security operations teams, while FortiAI-Protect handles AI-driven threats, zero-day attacks and governance of generative AI use and FortiAI-SecureAI protects models, interfaces and data against leakage.

Secure networking

FortiGate firewalls run FortiOS and can sit at branch, campus, data centre, internal segmentation and private and public cloud for hybrid mesh firewall deployments, with the proprietary chips handling processor-heavy work such as inspecting encrypted traffic. Ethernet becomes part of the security estate through FortiSwitch and FortiLink, FortiAP covers wireless access points, FortiExtender secures 5G and LTE and remote ethernet connections, and network access control covers connected devices. A purpose-built operational technology platform protects the engineered systems behind critical infrastructure, including energy and utilities, manufacturing and transport, through FortiGuard OT Security Services. FortiEndpoint folds secure connectivity, endpoint protection, detection and response and universal zero trust network access into a single agent.

SASE and cloud

The unified secure access service edge offering brings firewall, SD-WAN, secure web gateway, cloud access security broker, data loss prevention, digital experience monitoring, remote browser isolation and zero trust network access from one vendor, delivered over a cloud network of more than 190 points of presence. FortiSASE can also run as Sovereign SASE, inside infrastructure the customer controls, whether on-premises, in private data centres or in colocation environments. Cloud security covers web application firewalls, virtualised and cloud-native firewalls, cloud-native application protection and code security, sold with flexible consumption licensing.

Security operations

FortiAnalyzer is the central operations platform, its unified data lake providing security information and event management, orchestration and automated response, extended detection and response and threat intelligence, with FortiSIEM and FortiSOAR for more advanced needs and FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP and FortiRecon alongside. Customers short of staff can buy FortiGuard services including a security operations centre as a service, managed detection and response, security posture assessment and incident response. FortiGuard Labs is the in-house threat intelligence and research group, which uses millions of global network sensors and machine learning to find new threats and push protection updates.

Selling and building

Sales run mainly through a two-tier distribution model, to distributors who sell on to resellers, service providers and managed security service providers, with direct sales to some large service providers, systems integrators and end users. Named distributors include Arrow Electronics, Exclusive, Ingram Micro and TD Synnex, and sales staff sit in over 100 countries. Appliance manufacturing is outsourced to contract and original design manufacturers including Accton, IBASE, Micro-Star, Senao and Wistron, with approximately 87% of hardware made in Taiwan and finished goods routed through warehouses in California and the Netherlands or a logistics partner in Taoyuan City. Headcount was 15,109 at 31 December 2025, approximately 30% in the United States, approximately 20% in Canada and approximately 50% elsewhere, and the company has no manufacturing or research and development in China.

From Fortinet's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Fortinet became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 30 October 2026
Revenue
$2.1 billion
+20.5% on the year · +1.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
$636 million
+34.1% on the year · +4.8% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.86
+38.7% on the year · +4.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 25 February 2026
Revenue
$6.8 billion
+14.2% on the year
FY2018FY2025
Net income
$1.9 billion
+6.2% on the year
FY2018FY2025
Diluted EPS
$2.42
+7.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsFortinet (FTNT) reported revenue of $6.8 billion for fiscal 2025, the year ended 31 December 2025, up 14.2% on the year before. Net income was $1.9 billion and diluted earnings per share $2.42. Revenue was $6.0 billion in fiscal 2024, $5.3 billion in fiscal 2023, $4.4 billion in fiscal 2022 and $3.3 billion in fiscal 2021. Net income in the same years was $1.7 billion, $1.1 billion, $857 million and $607 million. Over the twelve months to 30 September 2026, Fortinet reported revenue of $7.9 billion and net income of $2.3 billion. Revenue grew 21.3% a year, compounded, over the five years to fiscal 2025. Fortinet had 735 million shares outstanding at the latest filed count. At 30 September 2026 it carried $497 million of debt and $3.8 billion of cash. At the close of 6 November 2026 the market cap of Fortinet was $87.3 billion, 38.6 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE101.6%
ROCE94.7%
Operating margin33.0%
Net margin29.0%
FCF margin43.5%
Interest cover175.6x
Debt to equity0.22x
Cash conversion1.62x
Share count, last 12 months-1.1%
Sales CAGR, 3 years15.5%
Profit CAGR, 3 years29.3%
EPS, TTM$3.08

At the close of 6 November 2026

Price$118.78
Market cap$87.3 billion
Stock P/E38.6x
Price to book38.8x
EV / EBITDA30.4x
Dividend yieldn/a
Market cap / sales11.1x
52-week high$194.74
52-week low$75.23
Price, 1 year47.5%
Price CAGR, 3 years33.9%
Price CAGR, 5 years11.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Fortinet, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FTNTgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue9649551,0301,1501,2831,2621,2931,3351,4151,3531,4341,5081,6601,5401,6301,7251,9051,8502,0482,078
Cost of revenue228254251283297308296318316305275263314293315332389364405438
Gross profit7357017798669869549971,0171,0991,0491,1591,2451,3461,2471,3151,3931,5161,4851,6431,641
Gross margin76%73%76%75%77%76%77%76%78%77%81%83%81%81%81%81%80%80%80%79%
R&D113125124134129151153157152173165187191199210202205214225213
Operating income215151195266358274279303385321437471574454458547626580689704
Operating margin22%16%19%23%28%22%22%23%27%24%30%31%35%29%28%32%33%31%34%34%
Interest expense4.54.54.54.54.55.05.25.45.45.15.05.04.94.94.66.24.44.23.23.0
Pre-tax income207139184265368291299328416345468626618519517595651657720755
Tax rate2%-6%1%10%2%7%9%-0%23%11%16%13%14%19%15%20%22%19%16%16%
Net income199138174232314248266323311299380540526433440474506534606636
Net margin21%14%17%20%24%20%21%24%22%22%26%36%32%28%27%27%27%29%30%31%
Diluted EPS$0.24$0.17$0.21$0.29$0.40$0.31$0.33$0.41$0.40$0.39$0.49$0.70$0.68$0.56$0.57$0.62$0.68$0.72$0.82$0.86
Operating cash flow3673963234835286785155511928303426084788634526556201,0771,044946
Capital expenditure15112339.987.830.930.376.870.126.922223.136.397.666.516887.742.870.678.064.2
Free cash flow2162742843954976474384811656083195723807972845685771,006966882
Buybacks5726918005000.00.00.0604896n/an/a0.6n/a0.04011,83257.28231500.0
Shares outstanding810m802m788m780m782m784m786m776m761m763m764m766m767m769m766m743m743m734m734m735m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2009FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue2523254345346157701,0091,2751,4951,8012,1632,5943,3424,4175,3055,9566,8007,881
Cost of revenue70.085.21141471812312873383854505065707831,0851,2371,1581,3291,596
Gross profit1822393203864355397229381,1101,3541,6572,0242,5593,3324,0684,7985,4716,285
Gross margin72.2%73.8%73.8%72.4%70.6%70.0%71.6%73.5%74.2%75.2%76.6%78.0%76.6%75.4%76.7%80.6%80.5%79.7%
Research and development42.249.863.681.1103123158183211244277341424512614717816857
Operating income25.355.388.910072.159.314.942.91102343515326509701,2411,8032,0852,599
Operating margin10.0%17.0%20.5%18.8%11.7%7.7%1.5%3.4%7.3%13.0%16.2%20.5%19.5%21.9%23.4%30.3%30.7%33.0%
Interest expensen/an/an/an/an/an/an/an/an/an/a0.00.014.918.021.020.020.114.8
Pre-tax income27.556.392.110575.961.517.043.11242543865426289561,3342,0582,2822,783
Income tax-32.715.129.638.231.736.29.010.992.6-80.654.353.214.130.8144284439501
Effective tax rate-118.7%26.8%32.1%36.3%41.7%58.8%53.0%25.3%74.7%-31.7%14.1%9.8%2.2%3.2%10.8%13.8%19.2%18.0%
Net income60.241.262.566.844.325.38.032.231.43353324886078571,1481,7451,8532,282
Net margin23.9%12.7%14.4%12.5%7.2%3.3%0.8%2.5%2.1%18.6%15.3%18.8%18.2%19.4%21.6%29.3%27.3%29.0%
Diluted EPS$0.08$0.05$0.08$0.08$0.05$0.03$0.01$0.04$0.04$0.38$0.38$0.58$0.73$1.06$1.46$2.26$2.42$3.08
Filing10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2017 to FY2025

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Security subscription5056067519191,1251,4271,8982,3172,63338.7%
Product5776747889161,2551,7801,9271,9092,21832.6%
Technical support and othern/a5246247599621,2101,4791,7301,94828.6%
Technical Support413n/an/an/an/an/an/an/an/an/a
Security subscriptionProductTechnical support and other FY2018 to FY2025Technical Support FY2017
1,495FY20172,163FY20193,342FY20215,305FY20236,800FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2010 to FY2025

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
EMEA1221521842092713664775556798169921,2761,6922,0732,3962,83441.7%
United States92.11201451622003484264975786968131,0071,3251,6061,7791,93028.4%
APAC79.11091321541752082612983614265257089411,0571,1171,26518.6%
Other Americas31.952.071.731.842.433.366.014518622526435246056966377111.3%
Canadan/an/an/a58.782.054.144.3n/an/an/an/an/an/an/an/an/an/a
EMEAUnited StatesAPACOther AmericasCanada FY2013 to FY2016
434FY2011615FY20131,009FY20151,495FY20172,163FY20193,342FY20215,305FY20236,800FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2009FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow62.01031331841471972833465946398081,0841,5001,7311,9362,2582,5913,687
Capital expenditure4.63.83.622.113.932.237.467.213553.092.2126296281204379365256
Free cash flow57.499.61291621341642452794595867169581,2041,4491,7311,8792,2263,431
Free cash flow margin22.8%30.7%29.8%30.3%21.7%21.3%24.3%21.8%30.7%32.5%33.1%36.9%36.0%32.8%32.6%31.6%32.7%43.5%
Cash from investing13.8-284-167-183-147-29.4-1.0-74.1-76.8-135-502-72.8-1,325764-649-727-599-349
Cash from financing78.034.039.850.2-6.40.7-21.6-106-416-203-196-1,17282.8-2,130-1,570-50.1-2,372-1,582
Depreciation and amortisation5.95.77.011.615.622.031.648.555.555.761.668.884.4104113123152160
Share-based compensation7.59.319.030.743.959.095.1122137163174192208217249258280307
Buybacks3.00.00.00.033.544.060.01114462121451,0807421,9911,5000.62,2901,030
Diluted shares, weighted652m782m819m832m841m846m881m882m890m871m875m838m836m805m788m772m765m743m
Shares outstanding at period endn/a744m775m802m808m832m857m865m839m849m858m812m810m782m761m767m743m735m
Filing10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2009FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1422323585115866767558386021,0261,342856782-282-4631,4941,2382,247
Non-controlling interestn/an/an/an/an/an/an/an/an/an/an/a0.016.70.0n/an/an/an/a
Debtn/an/a0.00.00.00.00.00.00.00.00.00.0988990992994996497
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a30.634.040.562.545.746.429.4n/a
Other liabilitiesn/a3133764655837491,0351,3021,6562,0522,5123,1544,0925,4576,6847,2298,1269,199
Total liabilities and equityn/a5457359751,1681,4251,7912,1402,2583,0783,8864,0445,9196,2287,2599,76310,38911,943
Owned
Fixed assetsn/a7.18.025.636.758.991.11372452713444486888981,0441,3501,6191,730
Goodwilln/an/an/a0.02.92.84.714.614.638.267.293.0125128126235257274
Intangible assetsn/an/a1.42.16.82.817.624.816.322.131.131.663.656.035.311597.374.4
Investmentsn/a32146761772770862160253860498789444145.50.00.0340519
Cash and equivalents21266.972.01231162835437098111,1121,2221,0621,3191,6831,3982,8762,4953,751
Receivablesn/a72.395.51081301852603133484445447208081,2621,4021,4631,6911,461
Inventoryn/a13.516.221.148.769.583.910777.390.0118140176265485316400591
Other assetsn/a65.174.979.599.91141692332074955716562,2991,8912,7683,4083,4903,543
Total assetsn/a5457359751,1681,4251,7912,1402,2583,0783,8864,0445,9196,2287,2599,76310,38911,943
Filing10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded21.0%21.3%15.5%20.2%
Profit growth, compounded72.4%30.6%29.3%21.8%
Return on equity, averagen/an/a133.3%149.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Fortinet's revenue in fiscal 2025?

Fortinet (FTNT) reported revenue of $6.8 billion for fiscal 2025, the year ended 31 December 2025, up 14.2% on the year before.

How much did Fortinet earn in fiscal 2025?

Net income was $1.9 billion for fiscal 2025, and diluted earnings per share $2.42.

What is Fortinet's P/E ratio?

At the close of 6 November 2026, Fortinet traded at 38.6 times its earnings over the twelve months to 30 September 2026.

What is Fortinet's market cap?

The market cap of Fortinet was $87.3 billion at the close of 6 November 2026.

How much debt does Fortinet have?

At 30 September 2026 Fortinet carried $497 million of debt and $3.8 billion of cash.

Peers: Computers

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Palo Alto Networks Inc. PANW$255.7 billion615.081.1%6.1%24.5%0.06n/a
Dell Technologies Inc. DELL$210.3 billion19.07n/a9.4%49.0%n/a0.7%
Sandisk Corp. SNDK$120.3 billion6.69107.1%72.5%272.4%0.00n/a
Seagate Technology Holdings plc STX$105.9 billion24.21127.3%39.6%44.4%0.690.6%
Western Digital Corp. WDC$98.6 billion10.20107.2%39.4%43.0%0.080.2%
Fortinet, Inc. FTNT$87.3 billion38.56101.6%33.0%20.2%0.22n/a
Hewlett Packard Enterprise Co. HPE$59.5 billion23.3210.5%6.2%26.6%0.761.3%
Logitech International S.A. LOGI$13.6 billion17.3437.5%17.8%5.7%0.001.6%
Corsair Gaming, Inc. CRSR$1.3 billion32.006.7%3.2%1.6%0.17n/a
Evolv Technologies Holdings, Inc. EVLV$823 millionn/a-4.4%-20.8%41.7%0.24n/a
Mitek Systems Inc. MITK$778 million36.709.0%17.8%11.1%0.20n/a
Xerox Holdings Corp. XRX$143 millionn/an/a-14.5%16.0%n/a9.3%
All 59 in Computers
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Apple Inc. AAPL$4.97 trillion38.16117.9%33.0%15.1%0.710.3%
Cisco Systems, Inc. CSCO$370.3 billion28.1026.4%24.3%11.8%0.591.8%
Palo Alto Networks Inc. PANW$255.7 billion615.081.1%6.1%24.5%0.06n/a
International Business Machines Corp. IBM$231.5 billion20.8831.4%n/a6.8%1.802.8%
Arista Networks, Inc. ANET$215.7 billion45.9028.9%43.8%40.7%0.00n/a
Dell Technologies Inc. DELL$210.3 billion19.07n/a9.4%49.0%n/a0.7%
Sandisk Corp. SNDK$120.3 billion6.69107.1%72.5%272.4%0.00n/a
Seagate Technology Holdings plc STX$105.9 billion24.21127.3%39.6%44.4%0.690.6%
Western Digital Corp. WDC$98.6 billion10.20107.2%39.4%43.0%0.080.2%
Fortinet, Inc. FTNT$87.3 billion38.56101.6%33.0%20.2%0.22n/a
Hewlett Packard Enterprise Co. HPE$59.5 billion23.3210.5%6.2%26.6%0.761.3%
NetApp, Inc. NTAP$33.2 billion23.8694.8%25.0%12.2%1.661.2%
Everpure, Inc. P$32.2 billion132.5816.4%5.3%27.2%0.00n/a
HP Inc. HPQ$25.7 billion10.86n/a5.4%8.1%n/a4.1%
Samsara Inc. IOT$24.0 billion256.005.7%1.0%29.5%0.00n/a
Super Micro Computer, Inc. SMCI$19.0 billion6.1322.8%8.6%156.5%0.54n/a
F5, Inc. FFIV$17.7 billion24.7518.8%24.5%9.4%0.00n/a
Leidos Holdings, Inc. LDOS$16.2 billion11.8727.4%11.5%2.7%1.161.3%
GoDaddy Inc. GDDY$14.0 billion15.64n/a25.7%6.4%n/an/a
Logitech International S.A. LOGI$13.6 billion17.3437.5%17.8%5.7%0.001.6%
Caci International Inc. CACI$13.5 billion25.0911.7%9.8%10.1%1.05n/a
IonQ, Inc. IONQ$13.3 billion120.635.1%-333.9%376.5%0.01n/a
Jack Henry & Associates Inc. JKHY$12.1 billion23.7924.7%25.3%7.5%0.041.4%
Aurora Innovation, Inc. AUR$8.9 billionn/a-51.9%-14,357.1%n/a0.00n/a
Science Applications International Corp. SAIC$6.1 billion17.1226.5%8.0%-0.8%1.731.0%
Open Text Corp. OTEX$6.0 billion9.4215.9%20.5%0.1%1.404.4%
Waystar Holding Corp. WAY$5.5 billion41.093.3%21.9%21.4%0.36n/a
Kyndryl Holdings, Inc. KD$3.5 billion46.547.2%n/a-0.7%3.770.0%
NCR Atleos Corp. NATL$3.5 billion13.4447.3%13.2%1.9%4.51n/a
Agilysys Inc. AGYS$3.4 billion77.5012.4%14.3%14.9%0.00n/a
Extreme Networks Inc. EXTR$3.2 billion60.0659.7%5.7%11.3%2.27n/a
Parsons Corp. PSN$2.8 billion35.705.6%4.8%-2.7%0.51n/a
Digi International Inc. DGII$2.4 billion50.167.1%13.9%20.3%0.16n/a
Netscout Systems Inc. NTCT$2.2 billion17.887.9%15.3%2.7%0.00n/a
Pitney Bowes Inc. PBI$2.1 billion12.05n/a13.7%-3.5%n/a2.4%
Diebold Nixdorf, Inc. DBD$2.0 billion27.298.2%5.4%6.3%1.01n/a
A10 Networks, Inc. ATEN$1.8 billion37.5020.6%16.9%15.0%0.941.0%
Omnicell, Inc. OMCL$1.7 billion38.923.4%5.2%5.6%0.13n/a
NCR Voyix Corp. VYX$1.3 billion13.7212.5%2.4%-9.2%1.16n/a
Corsair Gaming, Inc. CRSR$1.3 billion32.006.7%3.2%1.6%0.17n/a
Par Technology Corp. PAR$849 millionn/a-7.8%-9.8%16.8%0.52n/a
Evolv Technologies Holdings, Inc. EVLV$823 millionn/a-4.4%-20.8%41.7%0.24n/a
OneSpan Inc. OSPN$794 million11.9224.8%17.9%4.9%0.022.4%
Mitek Systems Inc. MITK$778 million36.709.0%17.8%11.1%0.20n/a
Quantum Corp. QMCO$569 millionn/an/a-2.3%11.3%n/an/a
Netgear, Inc. NTGR$504 millionn/a-7.6%-6.0%-3.2%0.00n/a
Telos Corp. TLS$359 millionn/a-16.9%-9.9%65.9%0.00n/a
SmartRent, Inc. SMRT$307 millionn/a-7.8%-13.0%3.5%0.00n/a
Asure Software Inc. ASUR$278 millionn/an/an/an/a0.33n/a
Veea Inc. VEEA$277 millionn/a-152.1%-4,135.0%186.8%1.67n/a
Kodiak AI, Inc. KDK$248 millionn/an/a-1,824.6%n/an/an/a
Lantronix Inc. LTRX$241 millionn/a-3.5%-3.4%-1.6%0.00n/a
Ribbon Communications Inc. RBBN$240 million13.404.8%-3.6%-7.8%0.90n/a
Unisys Corp. UIS$195 millionn/an/a4.3%1.9%n/an/a
Xerox Holdings Corp. XRX$143 millionn/an/a-14.5%16.0%n/a9.3%
One Stop Systems, Inc. OSS$108 million71.831.1%-17.3%18.7%0.00n/a
Merlin, Inc. MRLN$88 millionn/an/an/an/an/an/a
CSP Inc. CSPI$74 millionn/a-1.5%-5.3%-0.7%0.051.6%
Widepoint Corp. WYY$63 millionn/a-10.8%-0.8%9.7%0.00n/a
6 companies share its SEC industry code (Computer Peripheral Equipment, Nec); the rest are the names nearest in size in its wider industry, Computers, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on FTNT

Dividendsno dividend in its filings for fiscal 2009 onward
Filings13 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote
Planned insider sales20 Form 144 notices in twelve months, $144.3 million; latest 2 November 2026
Options tapeput/call 0.88 by open interest at the 6 November 2026 close; the straddle prices a 6.1% move to 13 November 2026
13F holders1,589 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading66 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest12.1 million shares short, 3.64 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202630 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR

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