Fortinet Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,224	2,495	2,876	1,398	1,683	1,319
Short-Term Investments	1,071	1,087	1,191	1,043	528.1	1,233
Cash & Short-Term Investments	3,295	3,583	4,067	2,440	2,211	2,552
Cash Growth	-31.08%	-11.90%	66.63%	10.38%	-13.35%	38.88%
Accounts Receivable	1,486	1,691	1,463	1,402	1,262	807.7
Inventory	369.6	399.5	315.5	484.8	264.6	175.8
Other Current Assets	181.9	227	126.1	101.1	73.1	65.4
Total Current Assets	5,333	5,900	5,972	4,428	3,810	3,601
Net Property, Plant & Equipment	1,692	1,619	1,350	1,044	898.5	687.6
Other Intangible Assets	87	97.3	115	35.3	56	63.6
Goodwill	257.4	257.4	235.4	126.5	128	125.1
Long-Term Investments	339.7	339.7	-	-	45.5	440.8
Other Long-Term Assets	2,175	2,176	2,092	1,624	1,290	1,001
Total Assets	9,884	10,389	9,763	7,259	6,228	5,919
Accounts Payable	238.7	230.8	190.9	204.3	243.4	148.4
Accrued Expenses	658.5	667.5	593.6	666	485.7	392.3
Current Portion of Long-Term Debt	-	499.7	-	-	-	-
Unearned Revenue	3,726	3,636	3,276	2,849	2,349	1,777
Total Current Liabilities	4,624	5,034	4,061	3,719	3,078	2,318
Long-Term Debt	496.8	496.6	994.3	992.3	990.4	988.4
Other Long-Term Liabilities	3,774	3,621	3,214	3,011	2,441	1,814
Total Long-Term Liabilities	4,270	4,118	4,209	4,003	3,431	2,803
Total Liabilities	8,894	9,152	8,269	7,722	6,510	5,121
Common Stock	0.7	0.7	0.8	0.8	0.8	0.8
Additional Paid-in Capital	1,799	1,770	1,636	1,416	1,284	1,254
Accumulated Other Comprehensive Income	-27.7	-25.4	-26.1	-18.9	-20.2	-4.8
Retained Earnings	-782	-507.9	-117.1	-1,862	-1,546	-467.9
Total Common Shareholders' Equity	989.7	1,238	1,494	-463.4	-281.6	781.7
Minority Interest	-	-	-	-	-	16.7
Shareholders' Equity	989.7	1,238	1,494	-463.4	-281.6	798.4
Total Liabilities & Equity	9,884	10,389	9,763	7,259	6,228	5,919
Total Debt	496.8	996.3	994.3	992.3	990.4	988.4
Net Cash (Debt)	2,798	2,586	3,072	1,448	1,221	1,563
Net Cash Growth	8.19%	-15.82%	112.15%	18.64%	-21.92%	-14.91%
Net Cash Per Share	3.70	3.38	3.98	1.84	1.52	1.87
Book Value	989.7	1,238	1,494	-463.4	-281.6	781.7
Book Value Per Share	1.31	1.62	1.94	-0.59	-0.35	0.94
Tangible Book Value	645.3	882.8	1,143	-625.2	-465.6	593
Tangible Book Value Per Share	0.85	1.15	1.48	-0.79	-0.58	0.71

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q