Fortinet (FTNT) Cash & Equivalents (2010 - 2026)
Fortinet (FTNT) recorded Cash & Equivalents of $2.93 billion in Q2 2026, down 12.9% from $3.37 billion a year earlier but up 32.0% from the prior quarter.
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Analysis
Fortinet (FTNT) Cash & Equivalents (2010 - 2026) Analysis & Trends
At the end of FY2025, Fortinet reported Cash & Equivalents of $2.5 billion, down 13.2% from FY2024.
- Annual Cash & Equivalents has a five-year compound annual growth rate of 18.6% (FY2020 to FY2025).
- Across earlier years, Cash & Equivalents came in at $2.88 billion in FY2024 (+105.7%), $1.4 billion in FY2023 (-16.9%), $1.68 billion in FY2022 (+27.6%) and $1.32 billion in FY2021 (+24.2%).
- Quarterly Cash & Equivalents has ranged from $710 million in Q2 2022 to $3.6 billion in Q1 2025 over the past five years.
- On a year-over-year basis, Cash & Equivalents has declined for four consecutive quarters, with growth averaging 21.9% over the last eight quarters.
- Peak year-over-year performance for Cash & Equivalents in the last five years was growth of 234.7% in Q2 2023, against a decline of 62.2% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.22 billion (Q1 2026), $2.5 billion (Q4 2025) and $2 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 2.51 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 5.01 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 2.93 Bn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 1.71 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 434.96 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 597.70 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 763.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | 928.35 Mn |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 3.61 Bn |
| 10 | MongoDB | 26.96 Bn | 17.43 Bn | 569.77 Mn | 1.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.93 Bn |
| Mar 31, 2026 | 2.22 Bn |
| Dec 31, 2025 | 2.50 Bn |
| Sep 30, 2025 | 2.00 Bn |
| Jun 30, 2025 | 3.37 Bn |
| Mar 31, 2025 | 3.60 Bn |
| Dec 31, 2024 | 2.88 Bn |
| Sep 30, 2024 | 2.49 Bn |
| Jun 30, 2024 | 2.20 Bn |
| Mar 31, 2024 | 1.93 Bn |
| Dec 31, 2023 | 1.40 Bn |
| Sep 30, 2023 | 2.19 Bn |
| Jun 30, 2023 | 2.38 Bn |
| Mar 31, 2023 | 2.30 Bn |
| Dec 31, 2022 | 1.68 Bn |
| Sep 30, 2022 | 964.00 Mn |
| Jun 30, 2022 | 710.00 Mn |
| Mar 31, 2022 | 923.50 Mn |
| Dec 31, 2021 | 1.32 Bn |
| Sep 30, 2021 | 1.85 Bn |
API Access
Fortinet Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();