Fortinet (FTNT) Change in Receivables (2010 - 2026)
Fortinet's (FTNT) quarterly Change in Receivables came in at -$205.2 million in Q1 2026, up 32.48% year-on-year from -$154.9 million in Q1 2025, and down 139.12% quarter-over-quarter from $524.6 million in Q4 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.
- On a quarterly basis, Change in Receivables rose 32.48% year-over-year to -$205.2 million in Q1 2026; TTM through Mar 2026 was $314.6 million, a 113.87% increase from a year earlier, with the FY2025 full-year figure at $215.9 million, up 375.55% from the prior year.
- Change in Receivables retreated to -$205.2 million in Q1 2026 per FTNT's latest filing, from $524.6 million in the prior quarter.
- Across five years, Change in Receivables topped out at $524.6 million in Q4 2025 and bottomed at -$405.6 million in Q1 2024.
- The 5-year median for Change in Receivables is -$7.9 million (2023), against an average of $38.8 million.
- Across the five-year window, Change in Receivables sank 1011.04% in 2023 and soared 1197.47% in 2024, its largest moves.
- Year by year, Change in Receivables 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 plunged by 139.12% to -$205.2 million in 2026.
- Per Business Quant, the three latest FTNT Change in Receivables figures stand at -$205.2 million (Q1 2026), $524.6 million (Q4 2025), and -$46.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 4.71 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -234.16 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | -11.00 Mn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 360.97 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 758.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 348.72 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | -205.20 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -1.40 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 128.65 Mn |
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 |