Fortinet (FTNT) Change in Inventory (2010 - 2026)

Fortinet's (FTNT) quarterly Change in Inventory came in at -$23.6 million in Q1 2026, down 169.21% year-on-year from $34.1 million in Q1 2025, and down 27.57% quarter-over-quarter from -$18.5 million in Q4 2025.

Fortinet (FTNT) Change in Inventory (2010 - 2026) Analysis & Trends

Fortinet's Change in Inventory history runs 17 years deep, the most recent figure standing at -$23.6 million for Q1 2026.

  • On a quarterly basis, Change in Inventory fell 169.21% year-over-year to -$23.6 million in Q1 2026; TTM through Mar 2026 was $32.9 million, a 154.29% increase from a year earlier, with the FY2025 full-year figure at $90.6 million, up 169.05% from the prior year.
  • Change in Inventory eased to -$23.6 million in Q1 2026 per FTNT's latest filing, from -$18.5 million in the prior quarter.
  • Across five years, Change in Inventory topped out at $100.8 million in Q3 2023 and bottomed at -$48.7 million in Q2 2024.
  • The 5-year median for Change in Inventory is $22.5 million (2023), against an average of $17.6 million.
  • Across the five-year window, Change in Inventory surged 49500.0% in 2022 and sank 216.89% in 2024, its largest moves.
  • Year by year, Change in Inventory stood at $49.4 million in 2022, then plunged by 54.45% to $22.5 million in 2023, then sank by 216.89% to -$26.3 million in 2024, then grew by 29.66% to -$18.5 million in 2025, then dropped by 27.57% to -$23.6 million in 2026.
  • Per Business Quant, the three latest FTNT Change in Inventory figures stand at -$23.6 million (Q1 2026), -$18.5 million (Q4 2025), and $29.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Microsoft 2,834.76 Bn 2,710.32 Bn 56.06 Bn 161.00 Mn
2 PagSeguro Digital 2,643.44 Bn 2,643.44 Bn 358.92 Mn -
3 Oracle 345.72 Bn 314.37 Bn - -
4 Repay Holdings 297.29 Bn 297.14 Bn - -
5 Palantir Technologies 295.33 Bn 287.41 Bn 1.42 Bn -
6 Pagaya Technologies 249.07 Bn 249.08 Bn 140.38 Mn -
7 Palo Alto Networks 228.92 Bn 224.38 Bn 1.91 Bn -
8 CrowdStrike Holdings 183.84 Bn 180.79 Bn 993.68 Mn -
9 Fortinet 111.23 Bn 107.94 Bn 1.49 Bn -23.60 Mn
10 Cloudflare 92.51 Bn 91.57 Bn 455.60 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -23.60 Mn
Mar 31, 2026 -23.60 Mn
Dec 31, 2025 -18.50 Mn
Dec 31, 2025 -18.50 Mn
Sep 30, 2025 29.50 Mn
Sep 30, 2025 29.50 Mn
Jun 30, 2025 45.50 Mn
Jun 30, 2025 45.50 Mn
Mar 31, 2025 34.10 Mn
Mar 31, 2025 34.10 Mn
Dec 31, 2024 -26.30 Mn
Dec 31, 2024 -26.30 Mn
Sep 30, 2024 -19.70 Mn
Sep 30, 2024 -19.70 Mn
Jun 30, 2024 -48.70 Mn
Jun 30, 2024 -48.70 Mn
Mar 31, 2024 -36.50 Mn
Mar 31, 2024 -36.50 Mn
Dec 31, 2023 22.50 Mn
Dec 31, 2023 22.50 Mn