---
schema_version: "secwatch.filing_event.v1"
accession: "0001262039-25-000014"
form_type: "8-K"
ticker: "FTNT"
cik: "0001262039"
company_name: "Fortinet, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:10:17.710983+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fortinet Q1 revenue $1.54B (+14% YoY); non-GAAP EPS $0.58; record margins and cash flow

## Summary
- Revenue $1.54B (+13.8% YoY), product rev $459M (+12.3%), billings $1.60B (+13.5%).
- GAAP op margin 29.5% (record Q1); non-GAAP op margin 34.2% (record Q1, +570bps YoY).
- GAAP EPS $0.56, non-GAAP EPS $0.58, up from $0.39 and $0.43 a year ago.
- Record cash from ops $863M and record free cash flow $783M.
- Unified SASE ARR $1.15B (+26% YoY); SecOps ARR $434.5M (+30% YoY).

## SEC filing metadata
- accession: 0001262039-25-000014
- form_type: 8-K
- ticker: FTNT
- cik: 0001262039
- company_name: Fortinet, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262039/000126203925000014/0001262039-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262039/000126203925000014/ftnt-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262039-25-000014
- JSON: https://secwatch.observer/filing/0001262039-25-000014.json
- Plain text: https://secwatch.observer/filing/0001262039-25-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.