Fortinet Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,495	2,876	1,398	1,683	1,319
Short-Term Investments	1,087	1,191	1,043	528.1	1,233
Cash & Short-Term Investments	3,583	4,067	2,440	2,211	2,552
Cash Growth	-11.90%	66.63%	10.38%	-13.35%	38.88%
Accounts Receivable	1,691	1,463	1,402	1,262	807.7
Inventory	399.5	315.5	484.8	264.6	175.8
Other Current Assets	227	126.1	101.1	73.1	65.4
Total Current Assets	5,900	5,972	4,428	3,810	3,601
Net Property, Plant & Equipment	1,619	1,350	1,044	898.5	687.6
Other Intangible Assets	-	115	35.3	56	63.6
Goodwill	-	235.4	126.5	128	125.1
Long-Term Investments	339.7	-	-	45.5	440.8
Other Long-Term Assets	2,176	2,092	1,624	1,290	1,001
Total Assets	10,389	9,763	7,259	6,228	5,919
Accounts Payable	230.8	190.9	204.3	243.4	148.4
Accrued Expenses	667.5	593.6	666	485.7	392.3
Current Portion of Long-Term Debt	499.7	-	-	-	-
Unearned Revenue	3,636	3,276	2,849	2,349	1,777
Total Current Liabilities	5,034	4,061	3,719	3,078	2,318
Long-Term Debt	496.6	994.3	992.3	990.4	988.4
Other Long-Term Liabilities	3,621	3,214	3,011	2,441	1,814
Total Long-Term Liabilities	4,118	4,209	4,003	3,431	2,803
Total Liabilities	9,152	8,269	7,722	6,510	5,121
Common Stock	0.7	0.8	0.8	0.8	0.8
Additional Paid-in Capital	1,770	1,636	1,416	1,284	1,254
Accumulated Other Comprehensive Income	-25.4	-26.1	-18.9	-20.2	-4.8
Retained Earnings	-507.9	-117.1	-1,862	-1,546	-467.9
Total Common Shareholders' Equity	1,238	1,494	-463.4	-281.6	781.7
Minority Interest	-	-	-	-	16.7
Shareholders' Equity	1,238	1,494	-463.4	-281.6	798.4
Total Liabilities & Equity	10,389	9,763	7,259	6,228	5,919
Total Debt	996.3	994.3	992.3	990.4	988.4
Net Cash (Debt)	2,586	3,072	1,448	1,221	1,563
Net Cash Growth	-15.82%	112.15%	18.64%	-21.92%	-14.91%
Net Cash Per Share	3.38	3.98	1.84	1.52	1.87
Book Value	1,238	1,494	-463.4	-281.6	781.7
Book Value Per Share	1.62	1.94	-0.59	-0.35	0.94
Tangible Book Value	1,238	1,143	-625.2	-465.6	593
Tangible Book Value Per Share	1.62	1.48	-0.79	-0.58	0.71

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.