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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
172.54
+1.04 (0.61%)
Oct 20, 2026, 10:28 AM EDT - Market open

Fortinet Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
606.3534.5506473.9440.1433.4526.2539.9379.8299.3310.9322.9266.3247.7313.8231.6173.5138.4199163.1
Depreciation & Amortization
41.439.839.538.438.335.835.229.829.228.630.228.327.427.527.326.425.125.525.322.9
Other Amortization
96.794.290.386827875.473.672.77270.46865.462.559.556.754.652.54945.1
Loss (Gain) From Sale of Investments
-4.5-4.8-6.4-7.9-9.1-10.3-11.5-12.4-12.7-12.2-11.6-10.2-5.6-0.30.80.81.11.72.11.9
Loss (Gain) on Equity Investments
----------9.55.25.322.145.26.38.18.54.82.8
Stock-Based Compensation
79.372.572.571.869.166.165.865.963.962.363.464.36556.354.754.754.753.253.152.7
Other Operating Activities
-2.8-44.90.4-8.3-9.3-35.5-6.4-111.315.79.94.84.953.82.4-2.114.38.33.34.2
Change in Accounts Receivable
29.9205.2-524.646-41.2303.9-421.957.6-86.7405.6-389.864.47.9171.1-294-43.4-134.715.4-203.1-5
Change in Inventory
-61.623.618.5-29.5-45.5-34.126.319.748.736.5-22.5-100.8-84.9-45.3-49.4-28.5-17.7-13.50.10.6
Change in Accounts Payable
75.7-2616.4-35.322.224.621.835.2-5.6-61.6-53.5140.5-4.126.625.917.235.5-1.3-2.3
Change in Unearned Revenue
324.2235.7466.183.3147.857343.472.7106.954.8449.1156.9248.6240.7434.7262.2275.1205.5342.3197
Change in Income Taxes
--------------5.9-4-1.9---
Change in Other Net Operating Assets
-126.4-63.7-111-152.2-197.2-25.6-141.1-105.3-213.59.1-189-6.8-5.1-23.4-45-67.9-97.3-47.3-105.7-18.1
Operating Cash Flow
1,0441,077620.2655.2451.9863.3477.6608.1342830.4191.7551.2515.1677.5528.1483323.4396.1366.8398.8
Operating Cash Flow Growth (YoY)
130.94%24.77%29.86%7.75%32.14%3.96%149.14%10.32%-33.61%22.57%-63.70%14.12%59.28%71.04%43.97%21.11%-22.67%25.39%23.71%80.62%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-78-70.6-42.8-87.7-167.8-66.5-97.6-36.3-23.1-221.9-26.9-70.1-76.8-30.3-30.9-87.8-39.9-122.6-151.3-69
Cash Acquisitions
-----30.4-11.2-28.5-241.3--5.7-----30.8----1.5-63.1
Investment in Securities
-11564.9-3.5-88.1-67.9-33.346.2-49.6-27-42.7-44.9-41.1-347.3-12.2279.1385.633477.2-113.5-175.4
Other Investing Activities
8.4----0.10.2-0.1--0.2--0.1----0.4-
Investing Cash Flow
-184.6-5.7-46.3-175.8-266.2-110.8-79.9-327.1-50.1-270.3-71.6-111.2-424.1-42.4217.4297.8294.1-45.4-265.9-307.5

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Repaid
--500------------------
Total Debt Repaid
--500-----------------17.3-2.2
Net Debt Issued (Repaid)
--500-----------------17.3-2.2
Issuance of Common Stock
44.717.67.16.311.120.223.420.16.213.47.86.78.121.24.45.84.9115.34.9
Repurchase of Common Stock
-172.6-859.3-79.8-1,858-425.2-52.9-21.3-17.1-20.2-42.9-917.9-635.4-25.2-34.5-28.3-532.2-835.1-756-620.8-121.3
Other Financing Activities
-20-1.2---0.1--10.9---0.8--0.2-0.6-0.4-3.5-0.2-0.1-1-0.8-0.1
Financing Cash Flow
-147.9-1,343-72.7-1,852-414.2-32.7-8.83-14-30.3-910.1-628.9-17.7-13.7-27.4-526.6-830.3-746-633.6-118.7

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
---1.6-0.30.40.9-2.32.1-1-1.41.1-0.6-1.2-0.10.8-0.2-0.7-0.3-0.30.2
Net Cash Flow
711.1-271.5499.6-1,373-228.1720.7386.6286.1276.9528.4-788.9-189.572.1621.3718.9254-213.5-395.6-533-27.2

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
965.61,007577.4567.5284.1796.8380571.8318.9608.5164.8481.1438.3647.2497.2395.2283.5273.5215.5329.8
Free Cash Flow Growth (YoY)
239.88%26.32%51.95%-0.75%-10.91%30.95%130.58%18.85%-27.24%-5.98%-66.85%21.74%54.60%136.64%130.72%19.83%-28.17%3.68%-18.43%77.60%
Free Cash Flow Margin
47.15%54.42%30.31%32.90%17.43%51.75%22.89%37.91%22.23%44.96%11.65%36.05%33.90%51.27%38.75%34.38%27.52%28.64%22.36%38.03%
Free Cash Flow Per Share
1.301.350.770.750.371.030.490.740.410.790.210.610.550.820.630.490.350.330.260.39
Levered Free Cash Flow
685.2900.9231.38448.11232.66834.83193.5642.7293.98704.687.05405.64405.94620.16249.26303.94206.7301.0837.95285.24
Unlevered Free Cash Flow
687.2903.53234.13451.99235.54837.89196.56645.83297.1707.8610.43409.01409.19623.29252.08306.75209.51303.8940.76288.11

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Income Tax Paid
162.547117.669.9237.226.8155.9139.8252.131.1341.426.337.920.762.668.5110.318.857.521.6
Change in Working Capital
227.2385.8-82.11.3-159.2295.8-207.122.6-206.6370.5-285.967.886.3257.924.4108.6-810830.2106.1
SEC Filings: 10-K · 10-Q