Fortinet, Inc. is a Delaware-incorporated cybersecurity company headquartered in Sunnyvale, California, founded in 2000 and traded on the Nasdaq under the ticker FTNT. The company provides converged networking and security solutions under its Fortinet Security Fabric platform, serving customers across more than 100 countries including enterprises, government organizations, and service providers across financial services, manufacturing, healthcare, retail, and telecommunications sectors. Fortinet's product portfolio spans firewalls, SD-WAN, SASE, CNAPP, and SecOps solutions, with the company positioning its integrated platform approach as a consolidation alternative to point-product cybersecurity architectures.

What is FTNT's DredgeCap risk score?

DredgeCap's AI analysis rates FTNT at 2.8/10 on the risk scale — Low risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does FTNT have a going concern warning?

No current auditor going-concern warning is flagged in FTNT's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did FTNT last file with the SEC?

FTNT's most recent SEC filing was a 10-K filed 2026-02-25. All filings are available on SEC EDGAR.

← FTNT Overview

10-QMay 8, 2026· Quarter Ended March 31, 2026

FTNT — 10-Q Filing

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FTNT 10-Q Summary

For the quarter ended March 31, 2026, Fortinet, Inc. reported revenue of $1.85B, up 20.1% year-over-year. Operating income was $580.0M, up 27.8% year-over-year; net income was $534.5M, up 23.3% year-over-year. The revenue mix shifted: Product revenue grew 40.5% to $645.1M, while Service revenue grew 11.5% to $1.20B.

FTNT Financial Highlights

Metric

Q-End 03/26

Q-End 03/25

Revenue

$1.85B

$1.54B

▲+20.1% YoY

Gross Profit

$436.8M

$309.2M

▲+41.3% YoY

Operating Income

$580.0M

$453.8M

▲+27.8% YoY

Net Income

$534.5M

$433.4M

▲+23.3% YoY

FTNT Revenue by Segment

Segment

Q-End 03/26

Q-End 03/25

Product

$645.1M

$459.1M

▲+40.5% YoY

Service

$1.20B

$1.08B

▲+11.5% YoY

FTNTWhat's Driving the Change

Depreciation & amortization

up 11.2% from $35.8M a year earlier

$39.8M

▲

Current DredgeCap Risk Profile

Risk Score

2.8/10

LOW

Dilution

2.0

Debt Toxicity

2.5

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for FTNT. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open FTNT's company page.

What is a 10-Q?

A quarterly report covering the three months just ended. Includes unaudited condensed financial statements (balance sheet, income statement, cash flow), Management Discussion and Analysis (MD&A), and disclosure of material changes since the last annual report. Required for the first three fiscal quarters; the fourth quarter is rolled into the 10-K.

More on FTNT

Financial highlights are sourced directly from the 10-Q income statement (three months ended). YoY % compares to the same quarter one year earlier as reported by the issuer. Per-segment breakdown is extracted from the 10-Q revenue table; segments are shown in the order the issuer reports them. The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.