Fortinet, Inc. is an American cybersecurity company that develops and sells integrated security solutions to enterprises, service providers, and government organizations globally. Headquartered in Sunnyvale, California, the company is best known for its FortiGate firewalls and its Unified Threat Management (UTM) platform.
Fortinet sells substantially all of its products through channel partners, and a small number of distributors represents a large share of revenue. In fiscal 2025, three distributor customers each accounted for 10% or more of revenue: Distributor A at 28%, Distributor B at 15%, and Distributor C at 12%. As of December 31, 2025, Distributor A also represented 32% of total net accounts receivable.