Fortinet, Inc. Cost of Revenue 2009-2025 | FTNT
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What is cost of revenue?
Cost of revenue includes the direct costs attributable to producing goods or delivering services sold by the company.
What is Fortinet, Inc.'s current cost of revenue?
Fortinet, Inc. (FTNT) annual cost of revenue for 2024 was $1.16B, a 6.43% decline from 2023. Fortinet, Inc. cost of revenue for the quarter ending September 30, 2025 was $331.7M.
What was Fortinet, Inc.'s cost of revenue in 2023?
Fortinet, Inc. annual cost of revenue for 2023 was $1.24B, a 14.04% increase from 2022.
What was Fortinet, Inc.'s cost of revenue in 2022?
Fortinet, Inc. annual cost of revenue for 2022 was $1.08B, a 38.56% increase from 2021.
What is Fortinet, Inc.'s 5-year cost of revenue CAGR?
Fortinet, Inc. cost of revenue grew at a compound annual growth rate (CAGR) of 18.00% from FY2019 to FY2024, going from $505.9M to $1.16B over 5 years.
Cost of Revenue History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+18.0%
FY2019
$505.9M
→
FY2024
$1.16B
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5 years selected
Cost of Revenue History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $1.16B | -6.4% | 10-K |
| FY2023 | $1.24B | +14.0% | 10-K |
| FY2022 | $1.08B | +38.6% | 10-K |
| FY2021 | $783.0M | +37.4% | 10-K |
| FY2020 | $570.0M | +12.7% | 10-K |
| FY2019 | $505.9M | +12.3% | 10-K |
| FY2018 | $450.4M | +16.9% | 10-K |
| FY2017 | $385.3M | +14.1% | 10-K |
| FY2016 | $337.8M | +17.8% | 10-K |
| FY2015 | $286.8M | +24.1% | 10-K |
| FY2014 | $231.0M | +27.9% | 10-K |
| FY2013 | $180.6M | +22.5% | 10-K |
| FY2012 | $147.4M | +29.8% | 10-K |
| FY2011 | $113.6M | +33.3% | 10-K |
| FY2010 | $85.2M | +21.8% | 10-K |
| FY2009 | $70.0M | - | 10-K |
Company: Fortinet, Inc.Ticker: FTNTSector: TechnologyIndustry: Computer Peripheral Equipment, NECView company profile →