Fortinet (FTNT) EBITDA (2010 - 2026)
Fortinet (FTNT) posted EBITDA of $580.0 million for Q1 2026, down 7.29% on a QoQ basis from $625.6 million in Q4 2025, and up 27.81% year-on-year from $453.8 million in Q1 2025.
Fortinet (FTNT) EBITDA (2010 - 2026) Analysis & Trends
Fortinet has disclosed EBITDA across 17 years of filings, most recently posting $580.0 million for Q1 2026.
- EBITDA for Q1 2026 came in at $580.0 million, up 27.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.2 billion (up 14.2% YoY), and the FY2025 annual result was $2.1 billion, up 15.6% from the prior year.
- EBITDA came in at $580.0 million for Q1 2026 at Fortinet, down from $625.6 million in the prior quarter.
- Over the last five years, EBITDA for FTNT reached as high as $625.6 million in Q4 2025 and fell as low as $151.0 million in Q1 2022.
- Median EBITDA over the past 5 years was $385.4 million (2023), compared with a mean of $392.9 million.
- Year-over-year, EBITDA surged 81.13% in 2023 and grew 4.76% in 2025.
- Over 5 years, 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 advanced by 8.97% to $625.6 million in 2025, then retreated 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 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -9.77 Mn |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 38.40 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 754.00 Mn |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 6.13 Bn |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 580.00 Mn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -61.99 Mn |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 203.05 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 |