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
DateValue
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