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Fortinet (FTNT) Cost of Revenue (2016 - 2025)

Fortinet (FTNT) has 16 years of Cost of Revenue data on record, last reported at $629.3 million in Q4 2025.

  • For Q4 2025, Cost of Revenue rose 274.47% year-over-year to $629.3 million; the TTM value through Dec 2025 reached $2.3 billion, up 152.07%, while the annual FY2025 figure was $2.3 billion, 102.79% up from the prior year.
  • Cost of Revenue reached $629.3 million in Q4 2025 per FTNT's latest filing, up from $583.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.1 billion in Q4 2023 and bottomed at -$360.7 million in Q4 2024.
  • Average Cost of Revenue over 5 years is $399.7 million, with a median of $337.0 million recorded in 2021.
  • Peak YoY movement for Cost of Revenue: skyrocketed 846.52% in 2023, then crashed 133.25% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $791.0 million in 2021, then plummeted by 118.37% to -$145.3 million in 2022, then surged by 846.52% to $1.1 billion in 2023, then tumbled by 133.25% to -$360.7 million in 2024, then surged by 274.47% to $629.3 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $629.3 million in Q4 2025, $583.5 million in Q3 2025, and $592.0 million in Q2 2025.