Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
157.19
-0.28 (-0.18%)
Sep 9, 2026, 4:00 PM EDT - Market closed
Fortinet Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 2,935 | 2,495 | 2,876 | 1,398 | 1,683 | 1,319 |
Short-Term Investments | 1,135 | 1,087 | 1,191 | 1,043 | 528.1 | 1,233 |
Cash & Short-Term Investments | 4,070 | 3,583 | 4,067 | 2,440 | 2,211 | 2,552 |
Cash Growth | -10.81% | -11.90% | 66.63% | 10.38% | -13.35% | 38.88% |
Receivables | 1,456 | 1,691 | 1,463 | 1,402 | 1,262 | 807.7 |
Inventory | 426.3 | 399.5 | 315.5 | 484.8 | 264.6 | 175.8 |
Prepaid Expenses | 256.8 | 227 | 126.1 | 101.1 | 73.1 | 65.4 |
Total Current Assets | 6,208 | 5,900 | 5,972 | 4,428 | 3,810 | 3,601 |
Property, Plant & Equipment | 1,700 | 1,683 | 1,422 | 1,120 | 994.8 | 752.7 |
Long-Term Investments | 399.1 | 339.7 | - | 42.2 | 129.8 | 440.8 |
Goodwill | 257.4 | 257.4 | 235.4 | 126.5 | 128 | 125.1 |
Other Intangible Assets | 77.1 | 97.3 | 115 | 35.3 | 56 | 63.6 |
Long-Term Deferred Tax Assets | 1,319 | 1,315 | 1,336 | 868.8 | 569.4 | 342.3 |
Long-Term Deferred Charges | 785.1 | 735.5 | 622.9 | 605.6 | 518.2 | 423.3 |
Other Long-Term Assets | 113.3 | 60.8 | 61 | 31.8 | 21.4 | 170.7 |
Total Assets | 10,859 | 10,389 | 9,763 | 7,259 | 6,228 | 5,919 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Accounts Payable | 282.5 | 230.8 | 190.9 | 204.3 | 243.4 | 148.4 |
Accrued Expenses | 692.5 | 604.7 | 506.9 | 547.9 | 452.5 | 366 |
Current Portion of Long-Term Debt | - | 499.7 | - | - | - | - |
Current Portion of Leases | - | 36.1 | 32.7 | 33.4 | 33.2 | 26.3 |
Current Unearned Revenue | 3,842 | 3,636 | 3,276 | 2,849 | 2,349 | 1,777 |
Other Current Liabilities | 24 | 26.7 | 54 | 84.7 | - | - |
Total Current Liabilities | 4,841 | 5,034 | 4,061 | 3,719 | 3,078 | 2,318 |
Long-Term Debt | 496.9 | 496.6 | 994.3 | 992.3 | 990.4 | 988.4 |
Long-Term Leases | 64.5 | 29.4 | 46.4 | 45.7 | 62.5 | 40.5 |
Long-Term Unearned Revenue | 3,834 | 3,480 | 3,085 | 2,886 | 2,291 | 1,676 |
Other Long-Term Liabilities | 72 | 111.9 | 83.2 | 79 | 87.3 | 98.2 |
Total Liabilities | 9,308 | 9,152 | 8,269 | 7,722 | 6,510 | 5,121 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Common Stock | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 |
Additional Paid-In Capital | 1,896 | 1,770 | 1,636 | 1,416 | 1,284 | 1,254 |
Retained Earnings | -316.7 | -507.9 | -117.1 | -1,862 | -1,546 | -467.9 |
Comprehensive Income & Other | -28.8 | -25.4 | -26.1 | -18.9 | -20.2 | -4.8 |
Total Common Equity | 1,551 | 1,238 | 1,494 | -463.4 | -281.6 | 781.7 |
Minority Interest | - | - | - | - | - | 16.7 |
Shareholders' Equity | 1,551 | 1,238 | 1,494 | -463.4 | -281.6 | 798.4 |
Total Liabilities & Equity | 10,859 | 10,389 | 9,763 | 7,259 | 6,228 | 5,919 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Total Debt | 561.4 | 1,062 | 1,073 | 1,071 | 1,086 | 1,055 |
Net Cash (Debt) | 3,508 | 2,521 | 2,993 | 1,369 | 1,125 | 1,497 |
Net Cash Growth | 0.98% | -15.78% | 118.63% | 21.70% | -24.83% | -16.13% |
Net Cash Per Share | 4.69 | 3.30 | 3.88 | 1.74 | 1.40 | 1.79 |
Filing Date Shares Outstanding | 733.71 | 739.92 | 768.97 | 763.03 | 784.07 | 804.08 |
Total Common Shares Outstanding | 733.6 | 743 | 767 | 761 | 781.5 | 810 |
Working Capital | 1,368 | 866.2 | 1,911 | 709.3 | 732 | 1,283 |
Book Value Per Share | 2.11 | 1.67 | 1.95 | -0.61 | -0.36 | 0.97 |
Tangible Book Value | 1,217 | 882.8 | 1,143 | -625.2 | -465.6 | 593 |
Tangible Book Value Per Share | 1.66 | 1.19 | 1.49 | -0.82 | -0.60 | 0.73 |
Land | 649 | 592.4 | 500.6 | 351.7 | 310 | 204.5 |
Buildings | 974.8 | 974 | 801.4 | 595.5 | 490.3 | 416.2 |
Machinery | 439.4 | 377.3 | 315.5 | 294.7 | 254 | 203 |
Construction In Progress | 86.5 | 74.6 | 52 | 63.3 | 51.7 | 19.9 |
Leasehold Improvements | 58.8 | 58.5 | 64.3 | 61.4 | 53.5 | 40.1 |