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
DateValue
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