Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
75.53
-0.07 (-0.09%)
Feb 24, 2026, 11:44 AM EST - Market open
Fortinet Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Cash & Equivalents | 2,495 | 1,996 | 3,369 | 3,597 | 2,876 | 2,489 | 2,203 | 1,926 | 1,398 | 2,187 | 2,376 | 2,304 | 1,683 | 964 | 710 | 923.5 | 1,319 | 1,852 | 1,879 | 1,860 |
Short-Term Investments | 1,087 | 1,128 | 1,194 | 1,184 | 1,191 | 1,211 | 1,136 | 1,097 | 1,043 | 982 | 937.2 | 574.9 | 528.1 | 766.4 | 1,045 | 1,218 | 1,233 | 1,269 | 1,234 | 1,077 |
Cash & Short-Term Investments | 3,583 | 3,123 | 4,563 | 4,781 | 4,067 | 3,701 | 3,339 | 3,023 | 2,440 | 3,169 | 3,314 | 2,879 | 2,211 | 1,730 | 1,755 | 2,142 | 2,552 | 3,121 | 3,113 | 2,937 |
Cash Growth | -11.90% | -15.60% | 36.64% | 58.13% | 66.63% | 16.79% | 0.78% | 5.00% | 10.38% | 83.13% | 88.81% | 34.44% | -13.35% | -44.56% | -43.63% | -27.08% | 38.88% | 88.39% | 103.89% | 109.58% |
Accounts Receivable | 1,691 | 1,168 | 1,216 | 1,174 | 1,463 | 1,044 | 1,083 | 996.2 | 1,402 | 1,014 | 1,079 | 1,087 | 1,262 | 963.2 | 919.5 | 790.4 | 807.7 | 604.9 | 584.6 | 637.3 |
Other Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.4 | 3.2 | 2.6 |
Receivables | 1,691 | 1,168 | 1,216 | 1,174 | 1,463 | 1,044 | 1,083 | 996.2 | 1,402 | 1,014 | 1,079 | 1,087 | 1,262 | 963.2 | 919.5 | 790.4 | 807.7 | 607.3 | 587.8 | 639.9 |
Inventory | 399.5 | 426.6 | 405.2 | 362.7 | 315.5 | 354.3 | 383.2 | 439.5 | 484.8 | 467.5 | 376.3 | 302.7 | 264.6 | 215.8 | 195.2 | 184.6 | 175.8 | 177.9 | 149.8 | 149.6 |
Prepaid Expenses | 227 | 195.2 | 162.5 | 125.4 | 126.1 | 121.5 | 113.4 | 100.9 | 101.1 | 102.6 | 109.5 | 89.7 | 73.1 | 72.8 | 83.3 | 91.7 | 65.4 | 57.3 | 57.4 | 54.8 |
Total Current Assets | 5,900 | 4,914 | 6,346 | 6,443 | 5,972 | 5,221 | 4,919 | 4,560 | 4,428 | 4,753 | 4,878 | 4,359 | 3,810 | 2,982 | 2,953 | 3,208 | 3,601 | 3,964 | 3,908 | 3,781 |
Property, Plant & Equipment | 1,619 | 1,605 | 1,545 | 1,404 | 1,422 | 1,273 | 1,243 | 1,247 | 1,120 | 1,038 | 981.9 | 917.4 | 994.8 | 889.5 | 814.6 | 786.5 | 752.7 | 620.2 | 566.2 | 548.1 |
Long-Term Investments | 339.7 | 289.1 | 112 | 35.2 | 13.2 | 18.8 | 24 | 35.8 | 42.2 | 1.5 | 4.2 | 15.6 | 129.8 | 84 | 188.5 | 360.8 | 440.8 | 299.2 | 247.6 | 152.1 |
Goodwill | - | 258.3 | 258.9 | 236.2 | 235.4 | 212.8 | 127.9 | 129 | 126.5 | 125.4 | 126 | 127.8 | 128 | 120.2 | 121.3 | 123.8 | 125.1 | 127.6 | 99.2 | 99.2 |
Other Intangible Assets | 354.7 | 110.2 | 123.3 | 121.2 | 115 | 111.6 | 30.2 | 34.1 | 35.3 | 39.6 | 44.6 | 51.1 | 56 | 38.8 | 45.4 | 55.1 | 63.6 | 71 | 28.7 | 32.3 |
Long-Term Deferred Tax Assets | 1,315 | 1,368 | 1,457 | 1,412 | 1,336 | 1,300 | 998.5 | 942.5 | 868.8 | 788.5 | 729.2 | 649.6 | 569.4 | 515.5 | 480.2 | 431.7 | 342.3 | 337.3 | 271.2 | 260.6 |
Long-Term Deferred Charges | 735.5 | 682.2 | 665.4 | 636.2 | 622.9 | 599.4 | 596.9 | 600 | 605.6 | 569.9 | 558.8 | 536.9 | 518.2 | 480.5 | 456.9 | 437.5 | 423.3 | 378.8 | 347.8 | 320.2 |
Other Long-Term Assets | 125.2 | 135 | 133.5 | 120.2 | 47.8 | 115 | 113.4 | 113.6 | 31.8 | 163.7 | 163.3 | 175.2 | 21.4 | 225.2 | 234.7 | 247.4 | 170.7 | 173 | 90 | 88.5 |
Total Assets | 10,389 | 9,361 | 10,641 | 10,407 | 9,763 | 8,852 | 8,053 | 7,662 | 7,259 | 7,479 | 7,486 | 6,832 | 6,228 | 5,336 | 5,295 | 5,651 | 5,919 | 5,971 | 5,559 | 5,282 |
Accounts Payable | 230.8 | 221.3 | 245.2 | 224.5 | 190.9 | 177.9 | 132.1 | 135.2 | 204.3 | 253.9 | 238.3 | 238.4 | 243.4 | 215.1 | 193.1 | 174.7 | 148.4 | 142.3 | 132 | 129.5 |
Accrued Expenses | 667.5 | 569.7 | 578.5 | 617.7 | 506.9 | 548.5 | 512.7 | 638.2 | 547.9 | 527.7 | 491.6 | 560.1 | 452.5 | 435.5 | 428.6 | 438.4 | 366 | 397 | 310.6 | 264.5 |
Current Portion of Long-Term Debt | 499.7 | 499.4 | 499 | 498.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.6 | - | - |
Current Portion of Leases | - | - | - | - | 32.7 | - | - | - | 33.4 | - | - | - | 33.2 | - | - | - | 26.3 | 25 | 22.9 | 20.6 |
Current Income Taxes Payable | - | - | - | - | - | - | - | - | - | 220.1 | 183 | - | - | - | - | - | - | - | - | - |
Current Unearned Revenue | 3,636 | 3,461 | 3,413 | 3,339 | 3,276 | 3,081 | 2,975 | 2,912 | 2,849 | 2,647 | 2,588 | 2,463 | 2,349 | 2,129 | 2,013 | 1,893 | 1,777 | 1,616 | 1,533 | 1,465 |
Other Current Liabilities | - | 35.2 | 41.9 | 47.5 | 54 | 76.3 | 105.2 | 115 | 84.7 | - | - | - | - | - | - | 4.1 | - | - | - | - |
Total Current Liabilities | 5,034 | 4,786 | 4,777 | 4,728 | 4,061 | 3,884 | 3,725 | 3,800 | 3,719 | 3,649 | 3,501 | 3,262 | 3,078 | 2,780 | 2,635 | 2,511 | 2,318 | 2,198 | 1,999 | 1,880 |
Long-Term Debt | 496.6 | 496.5 | 496.3 | 496.2 | 994.3 | 993.8 | 993.3 | 992.8 | 992.3 | 991.8 | 991.3 | 990.9 | 990.4 | 989.9 | 989.4 | 988.9 | 988.4 | 988 | 987.5 | 987 |
Long-Term Leases | - | 92.9 | 93.4 | 81.6 | 46.4 | 83.1 | 82.9 | 89.8 | 45.7 | 64.6 | 73 | 80.1 | 62.5 | - | - | - | 40.5 | 40.5 | 39.4 | 35.8 |
Long-Term Unearned Revenue | 3,480 | 3,190 | 3,155 | 3,079 | 3,085 | 2,931 | 2,921 | 2,878 | 2,886 | 2,638 | 2,541 | 2,418 | 2,291 | 2,065 | 1,919 | 1,765 | 1,676 | 1,490 | 1,372 | 1,281 |
Other Long-Term Liabilities | 141.3 | 60.8 | 59.1 | 59.5 | 83.2 | 52.6 | 42.3 | 38.7 | 79 | 61.8 | 59.1 | 70.5 | 87.3 | 124.7 | 131 | 153.9 | 98.2 | 118.2 | 110.9 | 118.4 |
Total Liabilities | 9,152 | 8,626 | 8,581 | 8,444 | 8,269 | 7,944 | 7,765 | 7,800 | 7,722 | 7,405 | 7,165 | 6,821 | 6,510 | 5,959 | 5,674 | 5,418 | 5,121 | 4,835 | 4,509 | 4,301 |
Common Stock | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.2 | 0.8 | 0.2 | 0.2 | 0.2 |
Additional Paid-In Capital | 1,770 | 1,715 | 1,716 | 1,669 | 1,636 | 1,569 | 1,499 | 1,449 | 1,416 | 1,397 | 1,376 | 1,327 | 1,284 | 1,250 | 1,237 | 1,236 | 1,254 | 1,258 | 1,246 | 1,225 |
Retained Earnings | -507.9 | -958.5 | 364.4 | 316.3 | -117.1 | -643.3 | -1,183 | -1,562 | -1,862 | -1,299 | -1,032 | -1,299 | -1,546 | -1,860 | -1,608 | -1,003 | -467.9 | -138.6 | -195.7 | -244.9 |
Comprehensive Income & Other | -25.4 | -21.8 | -20.7 | -22.9 | -26.1 | -18 | -29 | -24.8 | -18.9 | -24.3 | -23.1 | -18.1 | -20.2 | -25.5 | -23.4 | -15.4 | -4.8 | -1.2 | -0.1 | 0.3 |
Total Common Equity | 1,238 | 735.1 | 2,060 | 1,963 | 1,494 | 908.1 | 288.2 | -137.5 | -463.4 | 74.1 | 321.2 | 11.4 | -281.6 | -634.7 | -392.9 | 217.7 | 781.7 | 1,118 | 1,050 | 980.8 |
Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.9 | 13.3 | 15.5 | 16.7 | 17.5 | - | - |
Shareholders' Equity | 1,238 | 735.1 | 2,060 | 1,963 | 1,494 | 908.1 | 288.2 | -137.5 | -463.4 | 74.1 | 321.2 | 11.4 | -281.6 | -622.8 | -379.6 | 233.2 | 798.4 | 1,136 | 1,050 | 980.8 |
Total Liabilities & Equity | 10,389 | 9,361 | 10,641 | 10,407 | 9,763 | 8,852 | 8,053 | 7,662 | 7,259 | 7,479 | 7,486 | 6,832 | 6,228 | 5,336 | 5,295 | 5,651 | 5,919 | 5,971 | 5,559 | 5,282 |
Total Debt | 996.3 | 1,089 | 1,089 | 1,077 | 1,073 | 1,077 | 1,076 | 1,083 | 1,071 | 1,056 | 1,064 | 1,071 | 1,086 | 989.9 | 989.4 | 988.9 | 1,055 | 1,071 | 1,050 | 1,043 |
Net Cash (Debt) | 2,586 | 2,035 | 3,474 | 3,704 | 2,993 | 2,624 | 2,263 | 1,941 | 1,369 | 2,112 | 2,249 | 1,808 | 1,125 | 740.5 | 765.5 | 1,153 | 1,497 | 2,050 | 2,063 | 1,894 |
Net Cash Growth | -13.59% | -22.46% | 53.52% | 90.88% | 118.63% | 24.21% | 0.62% | 7.32% | 21.70% | 185.27% | 193.82% | 56.86% | -24.83% | -63.88% | -62.90% | -39.12% | -16.13% | 27.44% | 39.08% | 39.41% |
Net Cash Per Share | 3.38 | 2.64 | 4.49 | 4.79 | 3.88 | 3.40 | 2.92 | 2.48 | 1.74 | 2.66 | 2.83 | 2.26 | 1.40 | 0.91 | 0.93 | 1.38 | 1.79 | 2.46 | 2.48 | 2.28 |
Filing Date Shares Outstanding | 743.1 | 743.65 | 766.27 | 765.42 | 768.97 | 766.45 | 764.91 | 763.94 | 763.03 | 767.91 | 785.34 | 785.2 | 784.07 | 781.24 | 788.52 | 802.64 | 804.08 | 817.5 | 816.6 | 816.59 |
Total Common Shares Outstanding | 743.1 | 742.9 | 765.6 | 769.24 | 767 | 765.7 | 764.2 | 763.2 | 761 | 776.3 | 785.6 | 784.4 | 781.5 | 780.1 | 788.4 | 801.5 | 810 | 817 | 816.5 | 816.5 |
Working Capital | 866.2 | 127.4 | 1,569 | 1,715 | 1,911 | 1,337 | 1,194 | 759.3 | 709.3 | 1,104 | 1,378 | 1,097 | 732 | 202.6 | 318 | 697.8 | 1,283 | 1,766 | 1,910 | 1,902 |
Book Value Per Share | 1.67 | 0.99 | 2.69 | 2.55 | 1.95 | 1.19 | 0.38 | -0.18 | -0.61 | 0.10 | 0.41 | 0.01 | -0.36 | -0.81 | -0.50 | 0.27 | 0.97 | 1.37 | 1.29 | 1.20 |
Tangible Book Value | 882.8 | 366.6 | 1,678 | 1,606 | 1,143 | 583.7 | 130.1 | -300.6 | -625.2 | -90.9 | 150.6 | -167.5 | -465.6 | -793.7 | -559.6 | 38.8 | 593 | 919.5 | 922.3 | 849.3 |
Tangible Book Value Per Share | 1.19 | 0.49 | 2.19 | 2.09 | 1.49 | 0.76 | 0.17 | -0.39 | -0.82 | -0.12 | 0.19 | -0.21 | -0.60 | -1.02 | -0.71 | 0.05 | 0.73 | 1.13 | 1.13 | 1.04 |
Land | - | 592.4 | 560.5 | 517.6 | 500.6 | 462.6 | 453 | 453 | 351.7 | 351.7 | 330.1 | 323.6 | 310 | 305.7 | 253.4 | 250.4 | 204.5 | 128.3 | 106.8 | 106.8 |
Buildings | - | 974.1 | 934 | 842.9 | 801.4 | 738.4 | 713.3 | 712.5 | 595.5 | 591.7 | 553.9 | 506.3 | 490.3 | 488.9 | 475.3 | 459.2 | 416.2 | 365.4 | 345.1 | 153.8 |
Machinery | - | 362.8 | 344.7 | 332.3 | 315.5 | 315.2 | 306.6 | 300.8 | 294.7 | 282.8 | 270.3 | 262.2 | 254 | 250.5 | 238.2 | 216.5 | 203 | 193.4 | 180.4 | 168.5 |
Construction In Progress | - | 50.5 | 62.2 | 48.6 | 52 | 72.5 | 65.2 | 56 | 63.3 | 55.8 | 64.7 | 46.9 | 51.7 | 38 | 27.5 | 31.3 | 19.9 | 16.9 | 10.6 | 193.4 |
Leasehold Improvements | - | 64.4 | 63.4 | 63.5 | 64.3 | 65.5 | 67 | 66.7 | 61.4 | 60.6 | 55.6 | 55.4 | 53.5 | 49.7 | 48.8 | 41.8 | 40.1 | 38.8 | 35.3 | 33.6 |
Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.