Fortinet (FTNT) Cash & Equivalents (2010 - 2026)
Fortinet (FTNT) recorded Cash & Equivalents of $3.75 billion in Q3 2026, up 87.9% from $2 billion a year earlier and up 27.8% 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%).
- The Q3 2026 figure is the highest quarterly Cash & Equivalents in data going back to Q2 2010.
- On a year-over-year basis, Cash & Equivalents rose in four of the last eight quarters, with growth averaging 31.1%.
- 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 $2.93 billion (Q2 2026), $2.22 billion (Q1 2026) and $2.5 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 2.51 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 5.01 Bn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | 1.71 Bn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 3.75 Bn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 881.23 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 928.35 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 763.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 597.70 Mn |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 1.00 Bn |
| 10 | Roku | 23.89 Bn | 13.92 Bn | 648.52 Mn | 2.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.75 Bn |
| 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 |
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();