Short answer
Fortinet (FTNT) filed its Q1 2025 10-Q quarterly report on May 8, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $1.5B (up 13.8% year over year) with net income of $433M.
Q1 2025 key financials · XBRL
- Revenue
- $1.5B
- +13.8% YoY
- Net income
- $433M
- +44.8% YoY
- Operating margin
- 29.5%
- Gross margin
- 81.0%
- EPS (diluted)
- $0.56
- +43.6% YoY
Source: XBRL data from the Fortinet (FTNT) Q1 2025 10-Q on SEC EDGAR. USD.
Fortinet Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Concentration risk in channel partners with 6 distributors accounting for 64% of net accounts receivable, including one distributor with 28% as of March 31, 2025
- Updated operational risk: Construction and expansion of data centers face increased global supply chain delays, inflation, and labor shortages impacting costs and schedules
- Compliance risk: Tariff impositions and trade disputes (e.g., U.S. tariffs, retaliatory foreign tariffs) could increase product costs and disrupt operations, impacting international sales
- Market risk: Adverse economic conditions like inflation, recessions, and geopolitical tensions (Ukraine war, China-Taiwan) may reduce IT spending and demand for security products
- Financial risk: Exposure to currency fluctuations as significant expenses are in non-USD currencies, risking negative impact on financial condition and operating results
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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