Fortinet (FTNT) Change in Receivables (2010 - 2026)
Fortinet (FTNT) posted Change in Receivables of -$205.2 million for Q1 2026, down 139.12% on a QoQ basis from $524.6 million in Q4 2025, and up 32.48% year-on-year from -$154.9 million in Q1 2025.
Fortinet (FTNT) Change in Receivables (2010 - 2026) Analysis & Trends
Fortinet has disclosed Change in Receivables across 17 years of filings, most recently posting -$205.2 million for Q1 2026.
- Change in Receivables for Q1 2026 came in at -$205.2 million, up 32.48% year-over-year; the trailing twelve-month figure through Mar 2026 was $314.6 million (up 113.87% YoY), and the FY2025 annual result was $215.9 million, up 375.55% from the prior year.
- Change in Receivables came in at -$205.2 million for Q1 2026 at Fortinet, down from $524.6 million in the prior quarter.
- Over the last five years, Change in Receivables for FTNT reached as high as $524.6 million in Q4 2025 and fell as low as -$405.6 million in Q1 2024.
- Median Change in Receivables over the past 5 years was -$7.9 million (2023), compared with a mean of $38.8 million.
- Year-over-year, Change in Receivables plunged 1011.04% in 2023 and surged 1197.47% in 2024.
- Over 5 years, 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 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | 1.26 Mn |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 4.71 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 360.97 Mn |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 758.00 Mn |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 348.72 Mn |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | -11.00 Mn |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | -205.20 Mn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -1.40 Mn |
| 10 | Synopsys | 303.79 Bn | 303.67 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 |