Fortinet (FTNT) Cost of Revenue (2010 - 2026)

Fortinet's Cost of Revenue history runs 17 years deep, the most recent figure standing at $636.3 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 17.25% year-over-year to $636.3 million; the TTM figure through Mar 2026 stood at $1.9 billion (up 170.57% YoY), while the FY2025 annual figure was $1.3 billion, up 14.8% from the prior year.
• Cost of Revenue was $636.3 million for Q1 2026 at Fortinet, up from $389.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $636.3 million in Q1 2026 to a low of -$360.7 million in Q4 2024.
• Historically, Cost of Revenue has averaged $271.6 million across 5 years, with a median of $307.8 million in 2023.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue slumped 118.37% in 2022, then soared 207.9% in 2025.
• A 5-year view of Cost of Revenue shows it stood at -$145.3 million in 2022, then tumbled by 79.9% to -$261.4 million in 2023, then sank by 37.99% to -$360.7 million in 2024, then jumped by 207.9% to $389.2 million in 2025, then soared by 63.49% to $636.3 million in 2026.
• The last three Cost of Revenue figures came in at $636.3 million (Q1 2026), $389.2 million (Q4 2025), and $331.7 million (Q3 2025), per Business Quant data.