Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet (FTNT) posted Enterprise Value of -$3.3 billion for Q1 2026, up 8.03% on a QoQ basis from -$3.6 billion in Q4 2025, and up 31.08% year-on-year from -$2.5 billion in Q1 2025.
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
Fortinet has disclosed Enterprise Value across 17 years of filings, most recently posting -$3.3 billion for Q1 2026.
- Enterprise Value for Q1 2026 came in at -$3.3 billion, up 31.08% year-over-year; the trailing twelve-month figure through Mar 2026 was -$3.3 billion (up 31.08% YoY), and the FY2025 annual result was -$3.6 billion, up 11.9% from the prior year.
- Enterprise Value came in at -$3.3 billion for Q1 2026 at Fortinet, up from -$3.6 billion in the prior quarter.
- Over the last five years, Enterprise Value for FTNT reached as high as -$721.0 million in Q2 2022 and fell as low as -$4.8 billion in Q1 2025.
- Median Enterprise Value over the past 5 years was -$3.1 billion (2023), compared with a mean of -$2.9 billion.
- Year-over-year, Enterprise Value surged 76.84% in 2022 and sank 356.5% in 2023.
- Over 5 years, Enterprise Value stood at -$2.2 billion in 2022, then jumped by 35.08% to -$1.4 billion in 2023, then sank by 186.6% to -$4.1 billion in 2024, then advanced by 11.9% to -$3.6 billion in 2025, then increased by 8.03% to -$3.3 billion in 2026.
- Per Business Quant, the three latest FTNT Enterprise Value figures stand at -$3.3 billion (Q1 2026), -$3.6 billion (Q4 2025), and -$3.1 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -4.29 Mn |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | -78.27 Bn |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | -7.92 Bn |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | -9.73 Mn |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | -4.54 Bn |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | -3.06 Bn |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | -31.35 Bn |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | -3.29 Bn |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -943.18 Mn |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | -117.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.29 Bn |
| Dec 31, 2025 | -3.58 Bn |
| Sep 30, 2025 | -3.12 Bn |
| Jun 30, 2025 | -4.56 Bn |
| Mar 31, 2025 | -4.78 Bn |
| Dec 31, 2024 | -4.07 Bn |
| Sep 30, 2024 | -3.65 Bn |
| Jun 30, 2024 | -3.32 Bn |
| Mar 31, 2024 | -1.95 Bn |
| Dec 31, 2023 | -1.42 Bn |
| Sep 30, 2023 | -3.15 Bn |
| Jun 30, 2023 | -3.29 Bn |
| Mar 31, 2023 | -2.85 Bn |
| Dec 31, 2022 | -2.19 Bn |
| Sep 30, 2022 | -1.69 Bn |
| Jun 30, 2022 | -721.00 Mn |
| Mar 31, 2022 | -940.40 Mn |
| Dec 31, 2021 | -2.50 Bn |
| Sep 30, 2021 | -1.88 Bn |
| Jun 30, 2021 | -3.11 Bn |