Fortinet (FTNT) Cash from Operations (2010 - 2026)
Fortinet's Cash from Operations came in at $1.04 billion for Q2 2026, up 130.9% from $451.9 million a year earlier but down 3.1% from the prior quarter.
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Analysis
Fortinet (FTNT) Cash from Operations (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Fortinet reported Cash from Operations of $3.4 billion, up 41.5% year-over-year; for FY2025, it came in at $2.59 billion, up 14.7% from FY2024.
- Cash from Operations has increased in each of the last 12 years, with a five-year compound annual growth rate of 19.0% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $2.26 billion in FY2024 (+16.7%), $1.94 billion in FY2023 (+11.8%), $1.73 billion in FY2022 (+15.4%) and $1.5 billion in FY2021 (+38.4%).
- The five-year range for quarterly Cash from Operations is $191.7 million (Q4 2023) to $1.08 billion (Q1 2026).
- Year-over-year, Cash from Operations has increased for eight consecutive quarters, with growth averaging 48.6% over the last eight quarters.
- The fastest year-over-year change in Cash from Operations over five years came in Q4 2024 (growth of 149.1%), and the weakest in Q4 2023 (a decline of 63.7%).
- Business Quant data shows FTNT's Cash from Operations at $1.08 billion (Q1 2026), $620.2 million (Q4 2025) and $655.2 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | 1.36 Bn |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | 530.27 Mn |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 1.04 Bn |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | 91.36 Mn |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | 315.87 Mn |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | 234.00 Mn |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | 20.08 Mn |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | 141.88 Mn |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | 316.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.04 Bn |
| Mar 31, 2026 | 1.08 Bn |
| Dec 31, 2025 | 620.20 Mn |
| Sep 30, 2025 | 655.20 Mn |
| Jun 30, 2025 | 451.90 Mn |
| Mar 31, 2025 | 863.30 Mn |
| Dec 31, 2024 | 477.60 Mn |
| Sep 30, 2024 | 608.10 Mn |
| Jun 30, 2024 | 342.00 Mn |
| Mar 31, 2024 | 830.40 Mn |
| Dec 31, 2023 | 191.70 Mn |
| Sep 30, 2023 | 551.20 Mn |
| Jun 30, 2023 | 515.10 Mn |
| Mar 31, 2023 | 677.50 Mn |
| Dec 31, 2022 | 528.10 Mn |
| Sep 30, 2022 | 483.00 Mn |
| Jun 30, 2022 | 323.40 Mn |
| Mar 31, 2022 | 396.10 Mn |
| Dec 31, 2021 | 366.80 Mn |
| Sep 30, 2021 | 398.80 Mn |
API Access
Fortinet Cash from Operations 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-from-operations&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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-from-operations&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();