Flagship explainer

How FORTINET, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$6.8B · 100%Cost of revenue$1.3B · 20%Gross profit$5.5B · 80%Operating income$2.1B · 31%Income before tax$2.3B · 34%Income tax$439M · 6%Net income$1.9B · 27%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$6.8B100%
Cost of revenue$1.3B20%
$5.5B80%
$2.1B31%
Income before tax$2.3B34%
Income tax$439M6%
$1.9B27%
Source: · event Dec 31, 2025 · retrieved Sep 4, 2026 · annual-row source set
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