As of Q4'25, FTNT reported net income of USD 506M, reflecting a year-over-year change of -3.8%. This marks a slight decline from the previous quarter’s net income of USD 473.9M and YoY growth rate of -12.2%, indicating a modest recovery in the latest quarter. Over the period from Q1'23 to Q4'25, FTNT’s net income exhibited an overall upward trend, rising from USD 247.7M to USD 506M. The company experienced strong growth through 2024, with YoY increases peaking at 69.3% in Q4'24. However, growth momentum slowed in 2025, with YoY rates turning negative in the latter half of the year, signaling a potential inflection point and increased volatility in profitability.