Fortinet
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
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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)
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