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Fortinet

FTNT · Nasdaq · Computer Peripheral Equipment, NEC
Insider buys (12 months)
0
Insider sales (12 months)
$136.2M
8-K reports (12 months)
6
Tracked investors holding
2

At a glance

Fortinet reported 2025 revenue of $6.8B, up 14.2% from $5.96B in 2024. Over 4 years since 2021 ($3.34B), that is growth of about 19.4% a year. Operating margin was 30.7%, up from 19.5% in 2021. 2025 was the highest revenue year in this period.

In the last 12 months 4 insiders reported 0 open-market purchases and 21 sales ($136.2M). 19 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $27.9M by VP, ENGINEERING & CTO Michael Xie on Feb 3, 2026.

Fortinet filed 6 current reports (Form 8-K) in the last 12 months, most often for results of operations (5) and shareholder vote results (1).

2 of the 20 investors tracked here held Fortinet at the last quarter end, worth $161.5M combined. It is the largest weight for National Pension Service (Korea) (0.1% of its portfolio), followed by Renaissance Technologies (0%). Reduced: National Pension Service (Korea) and Renaissance Technologies.

Annual results

2021
Revenue $3.34B
Op. $650.4M
2022
Revenue $4.42B
Op. $969.6M
2023
Revenue $5.3B
Op. $1.24B
2024
Revenue $5.96B
Op. $1.8B
2025
Revenue $6.8B
Op. $2.08B
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
Net income$606.8M$857.3M$1.15B$1.75B$1.85B
Diluted EPS$0.73$1.06$1.46$2.26$2.42

Fiscal year ends Dec 31 · incorporated in DE

Tracked investors holding (13F)

National Pension Service (Korea)Reduced$156.8M · 0.1% · held 7 quarters
Renaissance TechnologiesReduced$4.7M · 0.0% · held 8 quarters

Weight is the share of each investor's portfolio, as of the quarter end.

Current reports (8-K, last 12 months)

Insider open-market trades (last 12 months)

Source: SEC EDGAR. How figures are combined