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
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