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
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