Fortinet Inc
fortinet.comFortinet (NASDAQ: FTNT) is a cybersecurity company that designs, develops, and sells network security hardware, software, and services to enterprises, service providers, and government organizations. Revenue comes from two streams: product sales, primarily FortiGate firewall appliances and other security hardware, and higher-margin service revenue, which includes subscriptions and support contracts tied to the installed appliance base. The service segment generates recurring revenue through FortiGuard threat intelligence subscriptions and FortiCare technical support. Fortinet was founded in 2000 and is headquartered in Sunnyvale, California. The company's integrated Security Fabric architecture spans firewall, secure access, endpoint, cloud, and operational technology security, with hardware designed and manufactured using Fortinet's proprietary ASICs. The recurring service attach model creates switching costs as customers build workflows around FortiOS and FortiGuard feeds. The 10-K filed 2026-02-25 covers the fiscal year ended December 31, 2025.
Products & Services
FortiGate next-generation firewalls, FortiGuard threat intelligence subscriptions, FortiCare support services, FortiOS operating system, proprietary ASIC-based security processing units, Security Fabric platform spanning network, endpoint, cloud, and OT security.
Revenue Model
Dual-stream model: product revenue from firewall appliances and security hardware, and service revenue from multi-year FortiGuard subscription contracts and FortiCare support agreements attached to the installed base.
Customers & Markets
Enterprises, service providers, government and public sector organizations. End markets include network perimeter security, secure SD-WAN, zero-trust network access, operational technology security, and cloud security.
Geographic Exposure
Global operations; specific regional revenue breakdown not extractable from the provided filing excerpts.
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