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

Fortinet (FTNT) has reported Cost of Revenue for 17 consecutive years, with $636.3 million the latest figure, recorded in 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 came in at $636.3 million for Q1 2026 at Fortinet, up from $389.2 million in the prior quarter.
• The five-year high for Cost of Revenue was $636.3 million in Q1 2026, with the low at -$360.7 million in Q4 2024.
• Average Cost of Revenue over 5 years is $271.6 million, with a median of $307.8 million recorded in 2023.
• Across the five-year window, Cost of Revenue tumbled 118.37% in 2022 and soared 207.9% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at -$145.3 million in 2022, then plunged by 79.9% to -$261.4 million in 2023, then slumped 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.
• According to Business Quant data, Cost of Revenue over the past three periods registered $636.3 million, $389.2 million, and $331.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.