Fortinet (FTNT) EBITDA (2010 - 2026)
Fortinet's (FTNT) quarterly EBITDA came in at $580.0 million in Q1 2026, up 27.81% year-on-year from $453.8 million in Q1 2025, and down 7.29% quarter-over-quarter from $625.6 million in Q4 2025.
Fortinet (FTNT) EBITDA (2010 - 2026) Analysis & Trends
Fortinet's EBITDA history runs 17 years deep, the most recent figure standing at $580.0 million for Q1 2026.
- On a quarterly basis, EBITDA rose 27.81% year-over-year to $580.0 million in Q1 2026; TTM through Mar 2026 was $2.2 billion, a 14.2% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 15.6% from the prior year.
- EBITDA eased to $580.0 million in Q1 2026 per FTNT's latest filing, from $625.6 million in the prior quarter.
- Across five years, EBITDA topped out at $625.6 million in Q4 2025 and bottomed at $151.0 million in Q1 2022.
- The 5-year median for EBITDA is $385.4 million (2023), against an average of $392.9 million.
- Across the five-year window, EBITDA soared 81.13% in 2023 and increased 4.76% in 2025, its largest moves.
- Year by year, EBITDA stood at $357.8 million in 2022, then rose by 7.71% to $385.4 million in 2023, then jumped by 48.96% to $574.1 million in 2024, then climbed by 8.97% to $625.6 million in 2025, then declined by 7.29% to $580.0 million in 2026.
- Per Business Quant, the three latest FTNT EBITDA figures stand at $580.0 million (Q1 2026), $625.6 million (Q4 2025), and $547.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | 38.40 Bn |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | 722.41 Mn |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | 6.13 Bn |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | - |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | 754.00 Mn |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | 80.01 Mn |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | 397.00 Mn |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | 13.79 Mn |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | 580.00 Mn |
| 10 | Cloudflare | 92.51 Bn | 91.57 Bn | 455.60 Mn | -61.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 580.00 Mn |
| Dec 31, 2025 | 625.60 Mn |
| Sep 30, 2025 | 547.30 Mn |
| Jun 30, 2025 | 458.00 Mn |
| Mar 31, 2025 | 453.80 Mn |
| Dec 31, 2024 | 574.10 Mn |
| Sep 30, 2024 | 470.90 Mn |
| Jun 30, 2024 | 437.20 Mn |
| Mar 31, 2024 | 321.20 Mn |
| Dec 31, 2023 | 385.40 Mn |
| Sep 30, 2023 | 303.20 Mn |
| Jun 30, 2023 | 279.00 Mn |
| Mar 31, 2023 | 273.50 Mn |
| Dec 31, 2022 | 357.80 Mn |
| Sep 30, 2022 | 265.50 Mn |
| Jun 30, 2022 | 195.30 Mn |
| Mar 31, 2022 | 151.00 Mn |
| Dec 31, 2021 | 214.90 Mn |
| Sep 30, 2021 | 166.40 Mn |
| Jun 30, 2021 | 147.50 Mn |