Fortinet, Inc.
FTNT Technology Software Infrastructure
Fortinet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 14.2% from fiscal 2024. In the quarter to June 2026, revenue grew 25.6%, EPS grew 45.6%, free cash flow grew 239.9% and total debt fell 50.1%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for ten.
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Fortinet, Inc. (FTNT) Shares outstanding
Fortinet, Inc.'s shares outstanding at the end of fiscal 2025 was $764.6M, unchanged from fiscal 2024. At the end of the quarter to 30 June 2026 it was $739.9M. Over the past ten years it has ranged from $764.6M (fiscal 2025) to $890.5M (fiscal 2017) — the current reading is the lowest in ten years. Fortinet, Inc. ranks 7th of 165 Software Infrastructure companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $764.6M | (0.95%) |
| FY2024 | $771.9M | (2.07%) |
| FY2023 | $788.2M | (2.12%) |
| FY2022 | $805.3M | (3.59%) |
| FY2021 | $835.3M | (0.36%) |
| FY2020 | $838.3M | (4.19%) |
| FY2019 | $875.0M | 0.46% |
| FY2018 | $871.0M | (2.19%) |
| FY2017 | $890.5M | 1.02% |
| FY2016 | $881.5M | 0.09% |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Jun 2026 | $739.9M | (0.39%) |
| Mar 2026 | $742.8M | (2.85%) |
| Dec 2025 | $764.6M | 0.45% |
| Sep 2025 | $761.2M | (1.49%) |
| 42 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| ORCL Oracle Corporation compare | $3.0B |
| CRWD CrowdStrike compare | $1.0B |
| PANW Palo Alto Networks, Inc. compare | $764.0M |
| FTNT Fortinet, Inc. | $739.9M |
| XYZ Block, Inc. compare | $608.8M |
| NET Cloudflare, Inc. compare | $354.3M |
| NBIS Nebius Group N.V. compare | $280.4M |
| NTAP NetApp, Inc. compare | $200.0M |
| SNPS Synopsys, Inc. compare | $192.3M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement