Fortinet (FTNT) Change in Inventory (2010 - 2026)
Fortinet (FTNT) recorded quarterly Change in Inventory of -$23.6 million in Q1 2026, down 27.57% quarter-over-quarter from -$18.5 million in Q4 2025, and down 169.21% on a YoY basis from $34.1 million in Q1 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.
- In Q1 2026, Change in Inventory fell 169.21% year-over-year to -$23.6 million; the TTM figure through Mar 2026 stood at $32.9 million (up 154.29% YoY), while the FY2025 annual figure was $90.6 million, up 169.05% from the prior year.
- Change in Inventory was -$23.6 million for Q1 2026 at Fortinet, down from -$18.5 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $100.8 million in Q3 2023 to a low of -$48.7 million in Q2 2024.
- Historically, Change in Inventory has averaged $17.6 million across 5 years, with a median of $22.5 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Change in Inventory soared 49500.0% in 2022, then tumbled 216.89% in 2024.
- A 5-year view of Change in Inventory shows it stood at $49.4 million in 2022, then slumped by 54.45% to $22.5 million in 2023, then sank by 216.89% to -$26.3 million in 2024, then rose by 29.66% to -$18.5 million in 2025, then dropped by 27.57% to -$23.6 million in 2026.
- The last three Change in Inventory figures came in at -$23.6 million (Q1 2026), -$18.5 million (Q4 2025), and $29.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 161.00 Mn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | - |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | - |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | -23.60 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 29.38 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | - |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |