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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
156.07
-2.78 (-1.75%)
At close: Sep 11, 2026, 4:00 PM EDT
156.64
+0.57 (0.37%)
After-hours: Sep 11, 2026, 7:59 PM EDT

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
2,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8554.5
Depreciation & Amortization
159.1156152147.7139.1130122.8117.8116.3114.5113.4110.5108.6106.3104.3102.398.892.684.475.8
Other Amortization
367.2352.5336.3321.4309299.7293.7288.7283.1275.8266.3255.4244.1233.3223.3212.8201.2188.7175.9164.5
Loss (Gain) From Sale of Investments
-23.6-28.2-33.7-38.8-43.3-46.9-48.8-48.9-46.7-39.6-27.7-15.3-4.32.44.45.76.87.46.95.9
Loss (Gain) on Equity Investments
---29.4---9.514.720-77.878.981.768.127.724.216.17.62.8
Stock-Based Compensation
296.1285.9279.5272.8266.9261.7257.9255.5253.9255249240.3230.7220.4217.3215.7213.7211.6207.9203.5
Other Operating Activities
-55.6-62.1-52.7-88.9-162.5-137.5-92.1-80.935.324.660.616.19.118.422.923.830.115.77.84.7
Change in Accounts Receivable
-243.5-314.6-215.9-113.2-101.6-147.1-45.4-13.3-6.588.1-146.4-50.6-158.4-301-456.7-365.8-327.4-139.6-72.5-42.7
Change in Inventory
-49-32.9-90.6-82.8-33.660.6131.282.4-38.1-171.7-253.5-280.4-208.1-140.9-109.1-59.6-30.5-18.2-19.4-30.7
Change in Accounts Payable
30.8-22.727.933.3103.876-10.2-85.5-106.7-100.6-43.13748.965.6105.277.349.134.8-13.129.8
Change in Unearned Revenue
1,109932.9754.2631.5620.9580577.8683.5767.7909.41,0951,0811,1861,2131,1781,0851,020904.6839.4710.1
Change in Income Taxes
-----------5.91.9---5.9-1.9---
Change in Other Net Operating Assets
-453.3-524.1-486-516.1-469.2-485.5-450.8-498.7-400.2-191.8-224.3-80.3-141.4-233.6-257.5-318.2-268.4-205.4-238-142
Operating Cash Flow
3,3962,8042,5912,4482,4012,2912,2581,9721,9152,0881,9362,2722,2042,0121,7311,5691,4851,5801,5001,429
Operating Cash Flow Growth (YoY)
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%46.22%

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
-279.1-368.9-364.8-419.6-368.2-223.5-378.9-308.2-342-395.7-204.1-208.1-225.8-188.9-281.2-401.6-382.8-366.4-295.9-176.9
Cash Acquisitions
--30.4-41.6-70.1-311.4-281-275.5-247-5.7-5.7--30.8-30.8-30.8-30.8-1.5-64.6-64.6-74.9-104.4
Investment in Securities
-141.7-94.6-192.8-143.1-104.6-63.7-73.1-164.2-155.7-476-445.5-121.5305.2986.51,076683.3122.3-466.4-954.7-844.2
Other Investing Activities
8.4-0.10.10.10.20.30.10.30.20.20.30.10.10.1-0.40.40.40.41.3
Investing Cash Flow
-412.4-494-599.1-632.7-784-567.9-727.4-719.1-503.2-877.2-649.3-360.348.7766.9763.9280.6-324.7-897-1,325-1,124

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 Issued
------------------989.4-
Total Debt Issued
------------------989.4989.4
Long-Term Debt Repaid
-------------------19.5-
Total Debt Repaid
-500-500--------------17.3-19.5-19.5-19.5-2.2
Net Debt Issued (Repaid)
-500-500--------------17.3-19.5-19.5969.9987.2
Issuance of Common Stock
75.742.144.76174.869.963.147.534.13643.840.439.536.326.12726.127.12624.6
Repurchase of Common Stock
-2,970-3,223-2,416-2,358-516.5-111.5-101.5-998.1-1,616-1,621-1,613-723.4-620.2-1,430-2,152-2,744-2,333-1,624-909.7-344.7
Other Financing Activities
-21.2-1.3-0.1-11-11-10.9-11.7-0.8-1-1.6-1.2-4.7-4.7-4.2-4.8-2.1-2-2.5-3.4-2.7
Financing Cash Flow
-3,415-3,682-2,372-2,308-452.7-52.5-50.1-951.4-1,583-1,587-1,570-687.7-585.4-1,398-2,130-2,737-2,329-1,61982.8664.4

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
-1.9-1.5-0.6-1.31.1-0.3-2.60.8-1.9-2.1-0.8-1.1-0.7-0.2-0.4-1.5-1.1-0.4-0.10.2
Net Cash Flow
-433.6-1,373-380.6-493.61,1651,6701,478302.5-173.1-377.9-2851,2231,6661,381363.8-888.1-1,169-936.7257.3969.8

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
3,1172,4362,2262,0282,0332,0681,8791,6641,5731,6931,7312,0641,9781,8231,4491,1681,1021,2141,2041,253
Free Cash Flow Growth (YoY)
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%49.68%
Free Cash Flow Margin
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%40.06%
Free Cash Flow Per Share
4.173.222.912.632.632.672.442.162.032.162.202.602.492.281.801.431.331.461.441.50
Levered Free Cash Flow
2,2661,8131,7471,7091,9041,9651,8351,6481,4111,5231,4391,6811,5791,3801,061849.66830.96969.69905.511,050
Unlevered Free Cash Flow
2,2771,8251,7601,7221,9161,9771,8471,6611,4241,5361,4521,6941,5911,3921,072860.91842.28981914.831,057

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
397471.7451.5489.8559.7574.6578.9764.4650.9436.7426.3147.5189.7262.1260.2255.1208.2122.6127.482
Change in Working Capital
532.2145.855.8-69.2-47.9-95.3-20.6-99.4-54.2238.7126.1436.4477.2382.9233238.8236.3409.8402.4417.7
SEC Filings: 10-K · 10-Q