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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
139.10
-34.98 (-20.09%)
At close: Oct 29, 2026, 4:00 PM EDT
137.46
-1.64 (-1.18%)
After-hours: Oct 29, 2026, 7:59 PM EDT

Fortinet Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Net Income
2,2822,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8
Depreciation & Amortization
160.1159.1156152147.7139.1130122.8117.8116.3114.5113.4110.5108.6106.3104.3102.398.892.684.4
Other Amortization
380.5367.2352.5336.3321.4309299.7293.7288.7283.1275.8266.3255.4244.1233.3223.3212.8201.2188.7175.9
Loss (Gain) From Sale of Investments
-19.7-23.6-28.2-33.7-38.8-43.3-46.9-48.8-48.9-46.7-39.6-27.7-15.3-4.32.44.45.76.87.46.9
Loss (Gain) on Equity Investments
----29.4---9.514.720-77.878.981.768.127.724.216.17.6
Stock-Based Compensation
304.4296.1285.9279.5272.8266.9261.7257.9255.5253.9255249240.3230.7220.4217.3215.7213.7211.6207.9
Other Operating Activities
-41.3-55.6-62.1-52.7-88.9-162.5-137.5-92.1-80.935.324.660.616.19.118.422.923.830.115.77.8
Change in Accounts Receivable
-293.5-243.5-314.6-215.9-113.2-101.6-147.1-45.4-13.3-6.588.1-146.4-50.6-158.4-301-456.7-365.8-327.4-139.6-72.5
Change in Inventory
-190.2-49-32.9-90.6-82.8-33.660.6131.282.4-38.1-171.7-253.5-280.4-208.1-140.9-109.1-59.6-30.5-18.2-19.4
Change in Accounts Payable
218.830.8-22.727.933.3103.876-10.2-85.5-106.7-100.6-43.13748.965.6105.277.349.134.8-13.1
Change in Unearned Revenue
1,2841,109932.9754.2631.5620.9580577.8683.5767.7909.41,0951,0811,1861,2131,1781,0851,020904.6839.4
Change in Income Taxes
------------5.91.9---5.9-1.9--
Change in Other Net Operating Assets
-459.8-453.3-524.1-486-516.1-469.2-485.5-450.8-498.7-400.2-191.8-224.3-80.3-141.4-233.6-257.5-318.2-268.4-205.4-238
Operating Cash Flow
3,6873,3962,8042,5912,4482,4012,2912,2581,9721,9152,0881,9362,2722,2042,0121,7311,5691,4851,5801,500
Operating Cash Flow Growth (YoY)
50.61%41.45%22.41%14.72%24.13%25.35%9.70%16.67%-13.19%-13.09%3.80%11.84%44.77%48.39%27.35%15.40%9.79%18.68%46.26%38.39%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Capital Expenditures
-255.6-279.1-368.9-364.8-419.6-368.2-223.5-378.9-308.2-342-395.7-204.1-208.1-225.8-188.9-281.2-401.6-382.8-366.4-295.9
Cash Acquisitions
-9.8--30.4-41.6-70.1-311.4-281-275.5-247-5.7-5.7--30.8-30.8-30.8-30.8-1.5-64.6-64.6-74.9
Investment in Securities
-91.7-141.7-94.6-192.8-143.1-104.6-63.7-73.1-164.2-155.7-476-445.5-121.5305.2986.51,076683.3122.3-466.4-954.7
Other Investing Activities
8.48.4-0.10.10.10.20.30.10.30.20.20.30.10.10.1-0.40.40.40.4
Investing Cash Flow
-348.7-412.4-494-599.1-632.7-784-567.9-727.4-719.1-503.2-877.2-649.3-360.348.7766.9763.9280.6-324.7-897-1,325

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Long-Term Debt Issued
-------------------989.4
Total Debt Issued
-------------------989.4
Long-Term Debt Repaid
--------------------19.5
Total Debt Repaid
-500-500-500--------------17.3-19.5-19.5-19.5
Net Debt Issued (Repaid)
-500-500-500--------------17.3-19.5-19.5969.9
Issuance of Common Stock
92.175.742.144.76174.869.963.147.534.13643.840.439.536.326.12726.127.126
Repurchase of Common Stock
-1,152-2,970-3,223-2,416-2,358-516.5-111.5-101.5-998.1-1,616-1,621-1,613-723.4-620.2-1,430-2,152-2,744-2,333-1,624-909.7
Other Financing Activities
-22-21.2-1.3-0.1-11-11-10.9-11.7-0.8-1-1.6-1.2-4.7-4.7-4.2-4.8-2.1-2-2.5-3.4
Financing Cash Flow
-1,582-3,415-3,682-2,372-2,308-452.7-52.5-50.1-951.4-1,583-1,587-1,570-687.7-585.4-1,398-2,130-2,737-2,329-1,61982.8

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Foreign Exchange Rate Adjustments
-1.6-1.9-1.5-0.6-1.31.1-0.3-2.60.8-1.9-2.1-0.8-1.1-0.7-0.2-0.4-1.5-1.1-0.4-0.1
Net Cash Flow
1,755-433.6-1,373-380.6-493.61,1651,6701,478302.5-173.1-377.9-2851,2231,6661,381363.8-888.1-1,169-936.7257.3

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Free Cash Flow
3,4313,1172,4362,2262,0282,0332,0681,8791,6641,5731,6931,7312,0641,9781,8231,4491,1681,1021,2141,204
Free Cash Flow Growth (YoY)
69.16%53.34%17.80%18.44%21.90%29.20%22.14%8.54%-19.37%-20.46%-7.15%19.46%76.74%79.43%50.23%20.40%-6.77%-0.55%30.51%25.68%
Free Cash Flow Margin
43.54%41.41%34.26%32.73%30.95%32.07%33.66%31.55%29.14%28.41%31.37%32.64%39.90%39.66%38.59%32.81%28.49%28.89%33.83%36.02%
Free Cash Flow Per Share
4.624.173.222.912.632.632.672.442.162.032.162.202.602.492.281.801.431.331.461.44
Levered Free Cash Flow
2,4612,2661,8131,7471,7091,9041,9651,8351,6481,4111,5231,4391,6811,5791,3801,061849.66830.96969.69905.51
Unlevered Free Cash Flow
2,4702,2771,8251,7601,7221,9161,9771,8471,6611,4241,5361,4521,6941,5911,3921,072860.91842.28981914.83

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Cash Income Tax Paid
451.5397471.7451.5489.8559.7574.6578.9764.4650.9436.7426.3147.5189.7262.1260.2255.1208.2122.6127.4
Change in Working Capital
620.6532.2145.855.8-69.2-47.9-95.3-20.6-99.4-54.2238.7126.1436.4477.2382.9233238.8236.3409.8402.4
SEC Filings: 10-K · 10-Q