Fortinet (FTNT) Intangibles (2012 - 2026)
Fortinet (FTNT) posted Intangibles of $77.1 million for Q2 2026, down 37.5% from $123.3 million a year earlier and down 11.4% from the prior quarter.
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Analysis
Fortinet (FTNT) Intangibles (2012 - 2026) Analysis & Trends
At the end of FY2025, Fortinet's Intangibles came in at $97.3 million, down 15.4% from FY2024.
- Annual Intangibles shows a five-year compound annual growth rate of 25.2% (FY2020 to FY2025).
- In prior years, Fortinet's Intangibles was $115 million in FY2024 (+225.8%), $35.3 million in FY2023 (-37.0%), $56 million in FY2022 (-11.9%) and $63.6 million in FY2021 (+101.3%).
- The Q2 2026 figure stands as the lowest quarterly Intangibles since Q2 2024.
- On a year-over-year basis, Intangibles has declined in each of the last four quarters, with growth averaging 111.1% over the last eight quarters.
- The strongest year-over-year quarter for Intangibles in the past five years was Q2 2025, with growth of 308.3%; the weakest was Q3 2022, with a decline of 45.4%.
- According to Business Quant data, Intangibles for the three prior quarters was $87 million (Q1 2026), $97.3 million (Q4 2025) and $110.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 7.02 Bn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 273.24 Mn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 77.10 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 426.53 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 23.16 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 80.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | 214.36 Mn |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 281.58 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 30.73 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.10 Mn |
| Mar 31, 2026 | 87.00 Mn |
| Dec 31, 2025 | 97.30 Mn |
| Sep 30, 2025 | 110.20 Mn |
| Jun 30, 2025 | 123.30 Mn |
| Mar 31, 2025 | 121.20 Mn |
| Dec 31, 2024 | 115.00 Mn |
| Sep 30, 2024 | 111.60 Mn |
| Jun 30, 2024 | 30.20 Mn |
| Mar 31, 2024 | 34.10 Mn |
| Dec 31, 2023 | 35.30 Mn |
| Sep 30, 2023 | 39.60 Mn |
| Jun 30, 2023 | 44.60 Mn |
| Mar 31, 2023 | 51.10 Mn |
| Dec 31, 2022 | 56.00 Mn |
| Sep 30, 2022 | 38.80 Mn |
| Jun 30, 2022 | 45.40 Mn |
| Mar 31, 2022 | 55.10 Mn |
| Dec 31, 2021 | 63.60 Mn |
| Sep 30, 2021 | 71.00 Mn |
API Access
Fortinet Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();