Fortinet (FTNT) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter decreased compared to the prior quarter but increased compared to the same quarter last year. This reflects a sequential decline amid an overall annual growth trend.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter decreased compared to the prior quarter but increased compared to the same quarter last year. This reflects a sequential decline amid an overall annual growth trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-7.3%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $1.4B | +10.9% |
| Sep 30, 2024 | $1.5B | +13.0% |
| Dec 31, 2024 | $1.7B | +17.3% |
| Mar 31, 2025 | $1.5B | +13.8% |
Revenue performance
The sequential decline in revenue aligns with typical seasonal patterns, while the year-over-year growth indicates continued expansion. Deferred revenue increased slightly from the prior quarter, suggesting future revenue potential.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
Monitor whether the sequential decline continues or reverses in the upcoming quarter, as it may indicate demand trends.