Fortinet (FTNT) Change in Receivables (2010 - 2026)
Fortinet (FTNT) recorded quarterly Change in Receivables of -$205.2 million in Q1 2026, down 139.12% quarter-over-quarter from $524.6 million in Q4 2025, and up 32.48% on a YoY basis from -$154.9 million in Q1 2025.
Fortinet (FTNT) Change in Receivables (2010 - 2026) Analysis & Trends
Fortinet's Change in Receivables history runs 17 years deep, the most recent figure standing at -$205.2 million for Q1 2026.
- In Q1 2026, Change in Receivables rose 32.48% year-over-year to -$205.2 million; the TTM figure through Mar 2026 stood at $314.6 million (up 113.87% YoY), while the FY2025 annual figure was $215.9 million, up 375.55% from the prior year.
- Change in Receivables was -$205.2 million for Q1 2026 at Fortinet, down from $524.6 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $524.6 million in Q4 2025 to a low of -$405.6 million in Q1 2024.
- Historically, Change in Receivables has averaged $38.8 million across 5 years, with a median of -$7.9 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Change in Receivables sank 1011.04% in 2023, then jumped 1197.47% in 2024.
- A 5-year view of Change in Receivables shows it stood at $294.0 million in 2022, then jumped by 32.59% to $389.8 million in 2023, then gained by 8.23% to $421.9 million in 2024, then gained by 24.34% to $524.6 million in 2025, then slumped by 139.12% to -$205.2 million in 2026.
- The last three Change in Receivables figures came in at -$205.2 million (Q1 2026), $524.6 million (Q4 2025), and -$46.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 4.71 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 2.01 Bn |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 1.30 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 360.97 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 758.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 348.72 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | -205.20 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 128.65 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | -1.40 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -1.04 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -205.20 Mn |
| Mar 31, 2026 | -205.20 Mn |
| Dec 31, 2025 | 524.60 Mn |
| Dec 31, 2025 | 524.60 Mn |
| Sep 30, 2025 | -46.00 Mn |
| Sep 30, 2025 | -46.00 Mn |
| Jun 30, 2025 | 41.20 Mn |
| Jun 30, 2025 | 41.20 Mn |
| Mar 31, 2025 | -303.90 Mn |
| Mar 31, 2025 | -303.90 Mn |
| Dec 31, 2024 | 421.90 Mn |
| Dec 31, 2024 | 421.90 Mn |
| Sep 30, 2024 | -57.60 Mn |
| Sep 30, 2024 | -57.60 Mn |
| Jun 30, 2024 | 86.70 Mn |
| Jun 30, 2024 | 86.70 Mn |
| Mar 31, 2024 | -405.60 Mn |
| Mar 31, 2024 | -405.60 Mn |
| Dec 31, 2023 | 389.80 Mn |
| Dec 31, 2023 | 389.80 Mn |